Beatitude Foundation Inc
- Assets
- $49.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 59-3636206
Organization Overview
Beatitude Foundation Inc is located in Tallahassee, FL. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Beatitude 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, Beatitude Foundation Inc generated $1.4m 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 (37.9%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Beatitude Foundation Inc has awarded 107 individual grants totaling $1,932,107. 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
PROVIDING A SUSTAINABLE HOUSING SOLUTION FOR INDIVIDUALS WHO ARE FINANCIALLY, SOCIALLY, OR INSTITUTIONALLY DISADVANTAGED.
HOUSING GROUNDS PROVIDE A COMMUNITY CENTER, COMMUNITY GARDENS, AND TRAINING/EDUCATION FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard S Kearney President/director | 2 | $0 | |
Kimberly D Garner Director | 2 | $0 | |
Krista Campbell V President/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,131,211 |
| Interest on Savings | $29,606 |
| Dividends & Interest | $0 |
| 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 | $199,854 |
| Total Revenue | $1,360,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $87,715 |
| Pension plans, employee benefits | $25,566 |
| Interest | $450,238 |
| Taxes | $7,836 |
| Depreciation | $1,161,557 |
| Occupancy | $42,073 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $479,927 |
| Total operating and administrative expenses | $2,276,140 |
| Contributions, gifts, grants paid | $571,665 |
| Total expenses and disbursements | $2,847,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,630,314 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,693 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $23,902,468 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,205,163 |
| Other assets | $200,023 |
| Total assets | $49,939,661 |
| Accounts payable and accrued expenses | $21,640,326 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $110,436 |
| Mortgages and other notes payable | $8,840,497 |
| Other liabilities | $2,904 |
| Total liabilities | $30,594,163 |
Grants Awarded
Over the last fiscal year, Beatitude Foundation Inc has awarded $571,665 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH FLORIDA SOAP BOX DERBY PURPOSE: PAYMENTS FOR PROGRAM SERVICES | $250 |
FSU COLLEGE OF MEDICINE PURPOSE: PAYMENTS FOR PROGRAM SERVICES | $294,221 |
CESC INC PURPOSE: PAYMENTS FOR PROGRAM SERVICES | $32,029 |
FELLOWSHIP OF CHRISTIAN ATHLETE PURPOSE: PAYMENTS FOR PROGRAM SERVICES | $325 |
BIG BEND CARES PURPOSE: PAYMENTS FOR PROGRAM SERVICES | $500 |
JOHN PAUL II CATHOLIC HIGH SCHOOL PURPOSE: PAYMENTS FOR CHURCH EVENTS AND SERVICES | $5,000 |