Beacon Of Hope Foundation
- Assets
- $1.1m
- Revenue
- $66.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 73-1598929
Organization Overview
Beacon Of Hope Foundation is located in Columbia, MO. The organization was established in 2001. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Of Hope 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 12/2023, Beacon Of Hope Foundation generated $66.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $292.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Beacon Of Hope Foundation has awarded 96 individual grants totaling $703,361. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS FOR HIGHER EDUCATION TO SEVEN STUDENTS FROM LITTLE FALLS HIGH SCHOOL IN LITTLE FALLS MN. THE "BULLDOG" SCHOLARSHIP WILL ALLOW STUDENTS TO ATTEND COLLEGE WHO MIGHT OTHERWISE NOT BE ABLE TO AFFORD THE TUITION.
PROVIDED SCHOOL SUPPLIES, CLOTHING, AND OTHER NECESSITIES TO UNDERPRIVLEGED STUDENTS FROM GRANT ELEMENTARY SCHOOL.
PROVIDED FUNDS TO "DESTINY OF HOPE" TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.
PROVIDED SCHOOL SUPPLIES, CLOTHING, AND OTHER NECESSITIES TO UNDERPRIVLEGED STUDENTS FROM WEST MIDDLE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond G Sobieck CEO | 2 | $0 | |
Gayle M Sobieck Treasurer | 2 | $0 | |
Mary Claire Sobieck-Howe President | 40 | $20,400 | |
Raymond M Sobieck Director | 10 | $0 | |
Elizabeth A Miller Secretary | 1 | $0 | |
Charles W Sobieck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,026 |
| Interest on Savings | $6,892 |
| Dividends & Interest | $41,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,798 |
| Capital Gain Net Income | $15,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,089 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,270 |
| Depreciation | $0 |
| Occupancy | $23,150 |
| Travel, conferences, and meetings | $1,991 |
| Printing and publications | $0 |
| Other expenses | $10,730 |
| Total operating and administrative expenses | $98,337 |
| Contributions, gifts, grants paid | $194,034 |
| Total expenses and disbursements | $292,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,313 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,019,698 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,200 |
| Total assets | $1,051,293 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,709 |
| Total liabilities | $16,709 |
Grants Awarded
Over the last fiscal year, Beacon Of Hope Foundation has awarded $194,034 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA CENTER FOR URBAN PURPOSE: GENERAL OPERATING | $12,500 |
COLUMBIA COLLEGE PURPOSE: GENERAL OPERATING | $2,517 |
DESTINY OF HOPE PURPOSE: GENERAL OPERATING | $25,000 |
GRANNY'S HOUSE PURPOSE: GENERAL OPERATING | $154 |
GRANT ELEMENTARY SCHOOL PURPOSE: PURCHASED SCHOOL SUPPLIES FOR UNDERP | $28,632 |
LOVE COLUMBIA PURPOSE: GENERAL OPERATING | $15,882 |