Beacon College Prep Inc

Organization Overview

Beacon College Prep Inc is located in Miami Beach, FL. The organization was established in 2014. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Beacon College Prep Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon College Prep 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 06/2022, Beacon College Prep Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 15.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

BEACON COLLEGE PREP ELEMENTARY SCHOOL THE COVID-19 PANDEMIC PRESENTED SIGNIFICANT CHALLENGES TO THE ELEMENTARY SCHOOL, THEIR STUDENTS, TEACHERS, AND FAMILIES. TOGETHER, AS A COMMUNITY, THEY CONFRONTED THESE CHALLENGES HEAD-ON AND THE SCHOOL EMERGED AS A CRITICAL SOURCE OF SUPPORT, ENCOURAGEMENT, AND STABILITY IN A VERY UNCERTAIN TIME. THEY PROVIDED ESSENTIAL RESOURCES FOR FAMILIES IN NEED INCLUDING FOOD, CASH, AND ACCESS TO TECHNOLOGY- INCLUDING INTERNET AND WI- FI. THE SCHOOL SERVED AS A BEACON OF HOPE FOR ALL OF THEIR STUDENTS AND FAMILIES IN A VERY UNCERTAIN TIME OF CRISIS. AS REPORTED LAST YEAR, THE SCHOOL WAS FORCED TO SUSPEND IN-PERSON LEARNING IN MARCH 2020 DUE TO THE COVID-19 PANDEMIC AND SUCCESSFULLY PIVOTED TO A DISTANCE LEARNING MODEL FOR THE REMAINDER OF THE 2019-2020 SCHOOL YEAR. THE SCHOOL ALSO MANAGED TO RETAIN ALL THEIR STAFF WITH THE HELP OF THE PAYCHECK PROTECTION PROGRAM LOAN. THEY OPENED THE 2020-2021 SCHOOL YEAR WITH A HYBRID MODEL WHERE APPROXIMATELY 50% OF THEIR STUDENTS ATTENDED IN PERSON AND 50% PARTICIPATED VIA THEIR NEWLY DEVELOPED AND REFINED DISTANCE LEARNING PROGRAM. ALTHOUGH THE COMMUNITY THEY SERVE WAS AMONGST THE HARDEST HIT BY THE PANDEMIC, THE SCHOOL MANAGED TO SUCCESSFULLY NAVIGATE THROUGH THIS CRISIS AND PROVIDE NOT ONLY A VIABLE EDUCATION FOR THEIR STUDENTS BUT BECAME A SOURCE OF SUPPORT AND INSPIRATION FOR THE COMMUNITY. THEY EXPECT TO OPEN AT FULL CAPACITY WITH IN-PERSON ATTENDANCE THIS COMING SCHOOL YEAR AND MAINTAIN A WAITLIST OF OVER 100 STUDENTS. BEACON COLLEGE PREP MIDDLE SCHOOL THE COVID-19 PANDEMIC PRESENTED SIGNIFICANT CHALLENGES TO THE MIDDLE SCHOOL, THEIR STUDENTS, TEACHERS, AND FAMILIES. TOGETHER, AS A COMMUNITY, THEY CONFRONTED THESE CHALLENGES HEAD-ON AND THE SCHOOL EMERGED AS A CRITICAL SOURCE OF SUPPORT, ENCOURAGEMENT, AND STABILITY IN A VERY UNCERTAIN TIME. THEY PROVIDED ESSENTIAL RESOURCES FOR FAMILIES IN NEED INCLUDING FOOD, CASH, AND ACCESS TO TECHNOLOGY- INCLUDING INTERNET AND WI- FI. THE SCHOOL SERVED AS A BEACON OF HOPE FOR ALL THEIR STUDENTS AND FAMILIES IN A VERY UNCERTAIN TIME OF CRISIS. AS REPORTED LAST YEAR, THE SCHOOL WAS FORCED TO SUSPEND IN-PERSON LEARNING IN MARCH 2020 DUE TO THE COVID-19 PANDEMIC AND SUCCESSFULLY PIVOTED TO A DISTANCE LEARNING MODEL FOR THE REMAINDER OF THE 2019-2020 SCHOOL YEAR. THEY ALSO MANAGED TO RETAIN ALL THEIR STAFF WITH THE HELP OF THE PAYCHECK PROTECTION PROGRAM LOAN. THEY OPENED THE 2020-2021 SCHOOL YEAR WITH A HYBRID MODEL WHERE APPROXIMATELY 50% OF THEIR STUDENTS ATTENDED IN PERSON AND 50% PARTICIPATED VIA THEIR NEWLY DEVELOPED AND REFINED DISTANCE LEARNING PROGRAM. ALTHOUGH THE COMMUNITY THEY SERVE WAS AMONGST THE HARDEST HIT BY THE PANDEMIC, THE SCHOOL MANAGED TO SUCCESSFULLY NAVIGATE THROUGH THIS CRISIS AND PROVIDE NOT ONLY A VIABLE EDUCATION FOR THEIR STUDENTS BUT BECAME A SOURCE OF SUPPORT AND INSPIRATION FOR THE COMMUNITY. THEY EXPECT TO OPEN AT FULL CAPACITY WITH IN-PERSON ATTENDANCE THIS COMING SCHOOL YEAR AND MAINTAIN A WAITLIST OF OVER 75 STUDENTS.


PLEASE SEE DESCRIPTION OF 1ST EXEMPT PURPOSE ACCOMPLISHMENT.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,768,995
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,768,995
Total Program Service Revenue$0
Investment income $835
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 $6,882,360

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