Beemok Family Foundation
- Assets
- $44.7m
- Revenue
- $909.5k
- Investments
- $3.5m
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 46-5382571
Organization Overview
Beemok Family Foundation is located in Charleston, SC. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beemok Family 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 12/2022, Beemok Family Foundation generated $909.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $7.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Beemok Family Foundation has awarded 76 individual grants totaling $51,043,257. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEETING STREET SCHOLARSHIP FUND (MSSF) EMPOWERS EACH ELIGIBLE STUDENT IN THE STATE OF SOUTH CAROLINA WITH A COLLEGE SCHOLARSHIP OF UP TO $10,000 PER YEAR (UP TO $40,000 IN TOTAL.) IN 2022, THE PROGRAM EXPANDED FROM SERVING CHARLESTON COUNTY TO SERVING EIGHT ADDITIONAL COUNTIES IN THE PEE DEE REGION IN PARTNERSHIP WITH THE DARLA MOORE FOUNDATION. THE FOUNDATION PROVIDED SCHOLARSHIPS AND EDUCATIONAL SUPPORT TO 278 STUDENTS IN 2022. THE PROGRAM SERVES PUBLIC SCHOOL STUDENTS WHO LIVE IN ONE OF NINE ELIGIBLE COUNTIES, MEET SIMPLE ACADEMIC PERFORMANCE AND FINANCIAL NEED CRITERIA, AND ATTEND ONE OF SOUTH CAROLINA'S COLLEGES WITH A GRADUATION RATE OVER 50%. THE FOUNDATION MAINTAINS SIGNIFICANT INVOLVEMENT WITH MSSF RECIPIENTS BY PROVIDING ONGOING RESOURCES THEY NEED TO GRADUATE FROM COLLEGE AND ENTER THE WORKFORCE. CONTINUED ON STATEMENT 15.
HEALTH INITIATIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin W Navarro Trustee/chairperson | 0.25 | $0 | |
Kelly K Navarro Trustee | 0.25 | $0 | |
Abigail Knab Cfo/treasurer | 1.2 | $0 | |
Isaac Gruber General Counsel | 1.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christopher N Ruszkowski | 12/30/22 | $115,500 |
Obviouslee Marketing Llc | 12/30/22 | $109,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $240,668 |
| Interest on Savings | $0 |
| Dividends & Interest | $668,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $909,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $397,158 |
| Pension plans, employee benefits | $43,443 |
| Interest | $0 |
| Taxes | $14,333 |
| Depreciation | $0 |
| Occupancy | $26,112 |
| Travel, conferences, and meetings | $5,806 |
| Printing and publications | $0 |
| Other expenses | $194,022 |
| Total operating and administrative expenses | $904,508 |
| Contributions, gifts, grants paid | $7,041,176 |
| Total expenses and disbursements | $7,945,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,516 |
| Savings and temporary cash investments | $40,921,845 |
| 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 | $5,595 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $80,000 |
| Other assets | $0 |
| Total assets | $44,734,756 |
| Accounts payable and accrued expenses | $20,030 |
| 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 | $20,030 |
Grants Awarded
Over the last fiscal year, Beemok Family Foundation has awarded $7,041,176 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AYCO CHARITABLE FOUNDATION PURPOSE: ACCESS TO QUALITY EDUCATION | $150,000 |
AYCO CHARITABLE FOUNDATION PURPOSE: EDUCATIONAL PROGRAMMING | $485,000 |
AYCO CHARITABLE FOUNDATION PURPOSE: PROGRAMMATIC SUPPORT | $100,000 |
CATHOLIC COMMUNITY FOUNDATION OF SC PURPOSE: BICENTENNIAL CAPITAL CAMPAIGN | $191,500 |
CHARLESTON PARKS CONSERVANCY PURPOSE: CONSERVATION OF CHARLESTON PARKS | $5,000 |
COASTAL COMMUNITY FOUNDATION PURPOSE: SOCIAL VENTURE PARTNERS | $10,000 |