Beacon Of Hope Foundation
- Assets
- $1.3m
- Revenue
- $551.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 06/2001
- Data as of
- 12/2022
- 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 12/2022, Beacon Of Hope Foundation generated $551.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.5% each year . All expenses for the organization totaled $284.3k during the year ending 12/2022. While expenses have increased by 33.5% per year over the past 5 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 2020, Beacon Of Hope Foundation has awarded 71 individual grants totaling $509,327. 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
PROVIDED FUNDS TO 'GRANNY'S HOUSE' IN COLUMBIA, MO. THESE FUNDS ARE USED TO PROVIDE FOOD, SUPPLIES, AND OTHER ITEMS NEEDED TO SUPPORT LOCAL UNDERPRIVLEGED YOUTH.
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 SCHOOL SUPPLIES, CLOTHING, AND OTHER NECESSITIES TO UNDERPRIVLEGED STUDENTS FROM WEST MIDDLE SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Claire Sobieck-Howe President | 10 | $20,400 | |
Raymond M Sobieck Director | 1 | $0 | |
Gayle M Sobieck Treasurer | 2 | $0 | |
Elizabeth A Miller Secretary | 1 | $0 | |
Charles W Sobieck Director | 1 | $0 | |
Thomas A Sobieck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,371 |
| Interest on Savings | $205 |
| Dividends & Interest | $25,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $324,300 |
| Capital Gain Net Income | $324,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $551,513 |
| 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 | $9,413 |
| Depreciation | $0 |
| Occupancy | $2,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,986 |
| Total operating and administrative expenses | $72,390 |
| Contributions, gifts, grants paid | $211,924 |
| Total expenses and disbursements | $284,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,444 |
| 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 | $1,213,463 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,200 |
| Total assets | $1,268,189 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,323 |
| Total liabilities | $7,323 |
Grants Awarded
Over the last fiscal year, Beacon Of Hope Foundation has awarded $211,924 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
GRANNY'S HOUSE PURPOSE: PROVIDED FUNDS FOR SPONSORSHIP OF FUNDRAISING EVENTS AND FOR A SCHOLARSHIP TO A MEMBER OF THE GRANNY'S HOUSE LEADERSHIP ACADEMY. | $52,275 |
GRANT ELEMENTARY SCHOOL PURPOSE: PURCHASED SCHOOL SUPPLIES AND HOLIDAY GIFTS FOR STUDENTS IN NEED OF FINANCIAL ASSISTANCE. | $27,624 |
WEST MIDDLE SCHOOL PURPOSE: PURCHASED BOOKS AND SHOES FOR UNDERPRIVILEGED STUDENTS | $21,821 |
Columbia, MO PURPOSE: PROVIDED FUNDS FOR PERMANENT STRUCTURE FOR FARMERS MARKET/FOOD BANK | $12,519 |
SOLVE MATERNITY HOMES PURPOSE: PROVIDED FUNDS TO SUPPORT COST-FREE MATERNITY HOUSING AND AT-RISK WOMEN DURING AND AFTER PREGNANCY. | $10,252 |
Columbia, MO PURPOSE: CONTRIBUTION TO THE "BARRIERS FUND" WHICH HELPS INDIVIDUALS WITH NEEDS THAT ARE NOT COVERED THROUGH THE GOVERNMENT. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avery Coonley School Downers Grove, IL | $18,999,451 | $10,214,610 |
Samaritan House Community Center Rogers, AR | $3,368,725 | $7,534,821 |
Chicago Furniture Bank Inc Chicago, IL | $4,198,402 | $6,823,901 |
Oklahoma Child Care Resource And Referral Association Oklahoma City, OK | $0 | $4,378,557 |
Narrow Gate Foundation Duck River, TN | $1,833,553 | $2,973,441 |
Project Rescue Foundation Springfield, MO | $4,016,610 | $3,399,257 |
Successlink Inc Waterloo, IA | $1,100,580 | $1,981,543 |
Peoples Community Action Corporation Saint Louis, MO | $434,410 | $2,462,930 |
Affordable Recovery Housing Blue Island, IL | $86,238 | $1,624,403 |
Restore Hope Inc Little Rock, AR | $316,312 | $1,564,715 |
Hope Honoring Opportunities For Personal Empowerment West Des Moines, IA | $413,285 | $1,227,796 |
Community Services Of Northern Kentucky Inc Florence, KY | $2,096,196 | $1,966,474 |