Beazley Foundation Inc
- Assets
- $0.0
- Revenue
- $2.1m
- Investments
- $38.7m
- Employees
- 0
- Location
- Portsmouth, VA
- Founding
- 07/1994
- Data as of
- 12/2020
- EIN
- 54-0550100
Organization Overview
Beazley Foundation Inc is located in Portsmouth, VA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Beazley Foundation 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 12/2020, Beazley Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beazley Foundation Inc has awarded 206 individual grants totaling $7,255,475. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS AND GRANTS - SEE ATTACHED SCHEDULE FOR PART XV LINE
BEAZLEY SENIOR CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard S Bray Trustee | 40 | $154,657 | |
Donna M Russell Senior Ctr D | 0 | $101,664 | |
Robert S Best President | 40 | $96,346 | |
Kara D Wood Exec Assista | 0 | $61,029 | |
Patricia A Carlson Comptroller | 0 | $51,449 | |
Lawrence W I'anson III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $198,097 |
| Dividends & Interest | $718,212 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13,838 |
| Total Revenue | $2,115,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $272,233 |
| Pension plans, employee benefits | $223,801 |
| Depreciation | $42,899 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,468 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,499,668 |
| Contributions, gifts, grants paid | $1,586,772 |
| Total expenses and disbursements | $3,086,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,856,134 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $804,667 |
Grants Awarded
Over the last fiscal year, Beazley Foundation Inc has awarded $1,801,598 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ODU COLLEGE OF HEALTH SCIENCES FOUN PURPOSE: ODU COLLEGE OF HEALTH SCIENCES ENDOW | $125,000 |
CHRISTOPHER NEWPORT UNIVERSITY PURPOSE: BEAZLEY FOUNDATION ENDOWED SCHOLARSH | $125,000 |
NANSEMOND SUFFOLK ACADEMY PURPOSE: ATHLETIC FIELD IMPROVEMENTS | $125,000 |
Chesapeake, VA PURPOSE: BUILDING THE FUTURE CAMPAIGN | $125,000 |
Virginia Bch, VA PURPOSE: COGNOS SOFTWARE IMPLEMENTATION | $100,000 |
Portsmouth, VA PURPOSE: BEAZLEY SCHOLARSHIPS | $88,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |