Beam Center Inc
- Assets
- $976.8k
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 162
- Location
- Brooklyn, NY
- Founding
- 02/2013
- Data as of
- 08/2023
- EIN
- 45-4273449
Organization Overview
Beam Center Inc is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2023, Beam Center Inc employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beam Center Inc 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 08/2023, Beam Center Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $4.1m during the year ending 08/2023. While expenses have increased by 15.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2012, BEAM CENTER COLLABORATES WITH CREATORS AND SCHOOLS TO MAKE LEARNING AND WORK ACCESSIBLE TO ALL NYC YOUTHBEAM CENTER INTEGRATES ART DESIGN SCIENCE & ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEAM CENTER AFTERSCHOOL WORKSHOPS AND DAY CAMP:OUT OF SCHOOL PROGRAMS FOR STUDENTS IN 2ND THROUGH 8TH GRADES. OUR WORKSHOPS BLEND TECHNOLOGY, CRAFT AND IMAGINATION AND ARE LED BY BEAM CENTER FACULTY AND BEAMWORK APPRENTICES.
HIVE SCHOLORSHIP AND COPWATCH
BEAMWORKS: PUBLIC SCHOOL PARTNERSHIPS-BEAM CENTER FACULTY COLLABORATE WITH TEACHERS ON ART AND TECHNOLOGY PROJECTS, SERVING MIDDLE AND HIGH SCHOOL STUDENTS FROM PUBLIC SCHOOLS THROUGHOUT NYC, IN AND OUT OF THE CLASSROOM.BEAMWORKS YOUTH LEARN AND LEAD: YOUTH APPRENTICESHIPS:11TH AND 12TH GRADERS FROM OUR PARTNER HIGH SCHOOLS LEARN TECHNICAL AND TEACHING SKILLS, WORK ON A LARGE SCALE COLLABORATIVE PROJECT, AND DESIGN SKILLS BASED LEARNING ACTIVITIES TO SHARE WITH YOUNGER STUDENTS.
BEAM CAMP:NEW HAMPSHIRE SLEEPAWAY SUMMER PROGRAM WHERE CAMPERS LEARN CREATIVE AND COLLABORATION SKILLS AND BUILD A SPECTACULAR LARGESCALE COLLABORATIVE PROJECT CHOSEN THROUGH AN ANNUAL WORLDWIDE DESIGN COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Montgomery Director | Trustee | 0 | $0 |
Philip Kim Director | Trustee | 0 | $0 |
Nicole Kim Director | Trustee | 0 | $0 |
Kelly Bird Director | Trustee | 0 | $0 |
Ahmad Choudhry Director | Trustee | 0 | $0 |
Mali X Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,212,861 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,791,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,004,088 |
| Total Program Service Revenue | $223,105 |
| Investment income | $6,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,233,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,999 |
| Compensation of current officers, directors, key employees. | $69,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,643,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,058 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,978 |
| Advertising and promotion | $40,242 |
| Office expenses | $8,055 |
| Information technology | $26,898 |
| Royalties | $0 |
| Occupancy | $288,848 |
| Travel | $34,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,070 |
| Insurance | $65,648 |
| All other expenses | $478,672 |
| Total functional expenses | $4,103,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $487,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,452 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,302 |
| Net Land, buildings, and equipment | $65,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,948 |
| Total assets | $976,755 |
| Accounts payable and accrued expenses | $246,836 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $274,388 |
| Total liabilities | $671,224 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $305,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $976,755 |