Beehive Foundation Inc
- Assets
- $7.3m
- Revenue
- $680.9k
- Investments
- $6.2m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 58-1873376
Organization Overview
Beehive Foundation Inc is located in Savannah, GA. The organization was established in 1990. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beehive 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 12/2021, Beehive Foundation Inc generated $680.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $503.8k during the year ending 12/2021. While expenses have increased by 1.6% 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.
Since 2015, Beehive Foundation Inc has awarded 26 individual grants totaling $1,304,431. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRODUCTION, PUBLICATION, AND DISTRIBUTION OF SCHOLARLY AND ACADEMIC BOOKS DEALING WITH THE CULTURAL AND SOCIAL HISTORY OF GEORGIA AND OTHER SOUTHERN STATES
THE BEAUTIFICATION AND RESTORATION OR PRESERVATION OF HISTORICALLY OR ARCHITECTURALLY SIGNIFICANT PROPERTIES IN GEORGIA THROUGH ACQUISITION, RESTORATION & SALE. THE FOUNDATION MONITORS COMPLIANCE WITH RESTRICTIVE COVENANTS.
DONATIONS TO OTHER EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Arthur President | 0 | $125,000 | |
Dolly Chisholm Secretary | 0 | $0 | |
Stewart Bromley Treasurer | 0 | $0 | |
John Hardman Chairman | 0 | $0 | |
Laura Collins Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,688 |
| Dividends & Interest | $89,975 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $583,262 |
| Capital Gain Net Income | $583,262 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $6,000 |
| Other Income | $0 |
| Total Revenue | $680,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $40,399 |
| Pension plans, employee benefits | $15,114 |
| Interest | $0 |
| Taxes | $3,047 |
| Depreciation | $21,781 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,983 |
| Total operating and administrative expenses | $293,797 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $503,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,312 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,445 |
| 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 | $590,101 |
| Prepaid expenses and deferred charges | $53,871 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $327,500 |
| Other assets | $150,000 |
| Total assets | $7,334,325 |
| Accounts payable and accrued expenses | $239 |
| 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 | $239 |
Grants Awarded
Over the last fiscal year, Beehive Foundation Inc has awarded $210,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Savannah, GA PURPOSE: TO HELF SAVANNAH MUSIC FESTIVAL | $100,000 |
New York, NY PURPOSE: TO HELP INSTITUE OF CLASSICAL ARCHIT | $50,000 |
Savannah, GA PURPOSE: TO HELP CHATHAM SAVANNAH CITIZEN ADV | $25,000 |
Savannah, GA PURPOSE: TO HELP OSSABAW ISLAND FOUNDATION | $25,000 |
DOWNTOWN NEIGHBORHOOD ASSOCIATION PURPOSE: TO HELP DOWNTOWN NEIGHBORHOOD ASSOCI | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of North Carolina Press Chapel Hill, NC | $43,092,371 | $7,489,638 |
Times Publishing Company Employee Benefit Trust Orlando, FL | $10,150 | $3,080,281 |
The Sun Publishing Company Chapel Hill, NC | $3,426,472 | $3,162,673 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
Walls Newspapers Consultants Employees Medical Plan Trust Birmingham, AL | $262,087 | $1,254,361 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |
American Board Of Quality Assurance Utilization Review Physicians Inc New Port Richey, FL | $4,461,910 | $1,515,886 |
Humanitarians Of Florida Inc Inverness, FL | $1,124,050 | $1,076,165 |
Southern Newspaper Publishers Association Lawrenceville, GA | $0 | $333,271 |
The Red & Black Publishing Company Inc Athens, GA | $4,644,249 | $519,504 |
Apologetics Press Incorporated Montgomery, AL | $1,709,297 | $1,250,838 |
Vox Teen Communications Inc Atlanta, GA | $347,910 | $636,410 |