Beito Foundation
- Assets
- $2.1m
- Revenue
- $132.8k
- Investments
- $2.1m
- Employees
- 0
- Location
- Thief River Falls, MN
- Founding
- 03/2000
- Data as of
- 05/2022
- EIN
- 41-1911994
Organization Overview
Beito Foundation is located in Thief River Falls, MN. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beito Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Beito Foundation generated $132.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $193.7k during the year ending 05/2022. While expenses have increased by 5.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beito Foundation has awarded 132 individual grants totaling $785,427. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Beito President | 2 | $0 | |
Gretchen E Beito Vice Pres, Sec, & Treasure | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $68,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,628 |
| Capital Gain Net Income | $64,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,472 |
| Total operating and administrative expenses | $29,472 |
| Contributions, gifts, grants paid | $164,250 |
| Total expenses and disbursements | $193,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,217 |
| Savings and temporary cash investments | $1,032 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $397,547 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,087,624 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Beito Foundation has awarded $164,250 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Northfield, MN PURPOSE: GENE AND GRETCHEN BEITO ENDOWMENT AND HOCKEY RINK | $23,500 |
CITY OF THIEF RIVER FALLS PURPOSE: ADVANCE THIEF RIVER | $20,000 |
TRF EDUCATION FOUNDATION PURPOSE: ENDOWMENT AND BOOKS | $14,500 |
Thief River Falls, MN PURPOSE: SCHOLARSHIP | $11,000 |
CONCORDIA COLLEGE PURPOSE: DONATION TO BEITO ENDOWMENT AND OFFUTT SCHOOL OF BUSINESS | $10,000 |
Sioux Falls, SD PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |