Beacon Center
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $22.1k
- Employees
- 25
- Location
- Watertown, SD
- Founding
- 04/1981
- Data as of
- 06/2022
- EIN
- 46-0358638
Organization Overview
Beacon Center is located in Watertown, SD. The organization was established in 1981. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Beacon Center employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Center 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 06/2022, Beacon Center generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 15.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER INDIVIDUALS AND FAMILIES OF ABUSE TO ACHIEVE SELF-RESPONSIBILITY AND INITIATIVE THROUGH ADVOCACY AND SUPPORT; AND TO EDUCATE AND TO MOTIVATE THE COMMUNITY TO MOVE TOWARD OUR VISION OF ELIMINATING ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SHELTER AND SUPPORT FOR INDIVIDUALS WHO ARE UNDERGOING CRISIS SITUATIONS IN THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Sikkink Executive Director | Officer | 40 | $71,718 |
Sue Mattingly Director | Trustee | 0.5 | $0 |
Sharon Dahlgren Director | Trustee | 0.5 | $0 |
Boyd Vanvooren Director | Trustee | 0.5 | $0 |
Deb Pederson Past President | Trustee | 0.5 | $0 |
Nancy Reishus Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,754 |
| Related organizations | $0 |
| Government grants | $1,170,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,423 |
| Noncash contributions included in lines 1a–1f | $131,578 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,443,704 |
| Total Program Service Revenue | $0 |
| Investment income | $3,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,672 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,441,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $196,065 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,718 |
| Compensation of current officers, directors, key employees. | $10,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $477,776 |
| Pension plan accruals and contributions | $7,196 |
| Other employee benefits | $40,395 |
| Payroll taxes | $49,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,427 |
| Fees for services: Accounting | $3,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,125 |
| Office expenses | $36,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,619 |
| Travel | $24,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,998 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,264 |
| Insurance | $16,268 |
| All other expenses | $0 |
| Total functional expenses | $1,000,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,247 |
| Savings and temporary cash investments | $450,896 |
| Pledges and grants receivable | $260,871 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,059,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,089 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57 |
| Total assets | $1,978,095 |
| Accounts payable and accrued expenses | $14,765 |
| 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 | $0 |
| Other liabilities | $59,508 |
| Total liabilities | $74,273 |
| Net assets without donor restrictions | $1,894,927 |
| Net assets with donor restrictions | $8,895 |
| 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 | $1,978,095 |