Beazley Foundation Inc
- Assets
- $41.6m
- Revenue
- $3.3m
- Investments
- $40.8m
- Employees
- 0
- Location
- Portsmouth, VA
- Founding
- 07/1994
- Data as of
- 12/2022
- 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 12/2022, Beazley Foundation Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beazley Foundation Inc has awarded 255 individual grants totaling $8,878,470. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
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 Chairman Of | 5 | $40,000 | |
Robert S Best President | 40 | $215,697 | |
Diane Pomeroy Griffin Vice Preside | 2 | $0 | |
P Ward Robinett Jr Secretary | 2 | $10,000 | |
Lawrence W I'anson III Trustee | 2 | $10,000 | |
W Ashton Lewis Trustee | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179,488 |
| Dividends & Interest | $778,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,014,542 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $339,044 |
| Total Revenue | $3,312,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $305,697 |
| Other employee salaries and wages | $529,656 |
| Pension plans, employee benefits | $255,942 |
| Interest | $0 |
| Taxes | $89,555 |
| Depreciation | $45,760 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,193 |
| Printing and publications | $0 |
| Other expenses | $454,738 |
| Total operating and administrative expenses | $1,710,781 |
| Contributions, gifts, grants paid | $1,622,995 |
| Total expenses and disbursements | $3,333,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520 |
| Savings and temporary cash investments | $140,058 |
| 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 | $64,117 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,908,155 |
| Net Land, buildings, and equipment | $645,521 |
| Other assets | $0 |
| Total assets | $41,626,561 |
| Accounts payable and accrued expenses | $28,536 |
| 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 | $799,066 |
| Total liabilities | $827,602 |
Grants Awarded
Over the last fiscal year, Beazley Foundation Inc has awarded $1,622,995 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS FOR PPS SENIORS | $87,000 |
ACADEMY OF MUSIC PURPOSE: SCHOLARSHIPS | $25,000 |
ACHIEVABLE DREAM ACADEMIES PURPOSE: SUPPORT AAD PROGRAMS | $20,000 |
BOYS & GIRLS CLUB OF SE VIRGINIA PURPOSE: OPERATIONAL SUPPORT | $50,000 |
ASSOCIATION OF FUNDRAISING PROFESSI PURPOSE: BENEFACTOR SPONSORSHIP | $3,500 |
CHESAPEAKE FORUM PURPOSE: SCHOLARSHIPS | $2,000 |