Beacon Academy Inc is located in Boston, MA. The organization was established in 2005. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Beacon Academy Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Academy 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 06/2022, Beacon Academy Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL- OVER BEACON ACADEMY'S INTENSIVE 14 MONTHS, 8+ HOUR SCHOOL DAYS INCLUDE INTENSE AND HIGH LEVEL ACADEMIC INSTRUCTION, CO-CURRICULAR PROGRAMMING, STUDY HALLS AND THEN 2-3 HOURS OF HOMEWORK. BEACON STARTS IN JULY WITH 5-WEEKS OF SUMMER SCHOOL, CONTINUES THROUGH THE ACADEMIC YEAR, AND A SECOND SUMMER OF INDIVIDUALLY TAILORED ACADEMIC AND ENRICHMENT PROGRAMS. EXPERIENCED TEACHERS, SMALL CLASSES AND AN ENGAGING, RIGOROUS CURRICULUM ENSURE THAT STUDENTS GAIN AT LEAST TWO YEARS OF LEARNING IN ONE YEAR TO PREPARE THEM FOR SUCCESS IN THE COMPETITIVE SECONDARY SCHOOLS. IN ADDITION TO INTENSIVE MATH, ENGLISH AND FACING HISTORY COURSES, STUDENTS TAKE RESEARCH AND ADVOCACY AND MINI COURSES IN SCIENCE AND LATIN. BEACON STUDENTS ALSO PARTICIPATE IN COMMUNITY SERVICE LEARNING, NUTRITION AND SPORTS EDUCATION AND ACTIVITIES DESIGNED TO INCREASE THEIR CULTURAL FLUENCY.
ALUMNI PROGRAM - THE ALUMNI PROGRAM FACILITATES IMPORTANT AND CONTINUOUS CONNECTIONS BETWEEN BEACON ALUMNI AND OUR STAFF, VOLUNTEERS, COACHES AND MENTORS. THIS ONGOING ENGAGEMENT, SUPPORT AND GUIDANCE ENSURE OUR ALUMNI'S SUCCESSS THROUGH HIGH SCHOOL, COLLEGE AND BEYOND. WE KNOW THAT OUR STUDENTS, MUCH LIKE THEIR PEERS FROM THE SAME ZIP CODES, FACE ONGOING OBSTACLES INCLUDING A LACK OF RIGORUS ACADEMIC PREPARATION, CAMPUS ISOLATION AND THE NEED FOR FINANCIAL AID. BEACON ADDRESSES THESE ISSUES IN THE FOLLOWING WAYS: FIVE ANNUAL COMMUNITY ALUMNI EVENTS, COLLEGE PREPARATION AND APPLICATION SUPPORT, EMERGENCY FUNDS, DEEP AND ONGOING RELATIONSHIPS. DESPITE THE BEST INTENTIONS OF THE FINE INSTITUTIONS THAT ACCEPT AND FUND OUR STUDENTS, BEACON GRADUATES ENCOUNTER RACISM, ISOLATION AND OTHER OBSTACLES TO THEIR SUCCESS IN HIGH SCHOOL AND COLLEGE. THE BEACON ACADEMY ALUMNI PROGRAM GUARANTEES SUPPORT, GUIDANCE AND A COMMUNITY OF ACHIEVEMENT THROUGH HIGH SCHOOL, COLLEGE AND BEYOND. ALUMNI PROGRAM COMPONENTS: SCHEDULED ALUMNI EVENTS: WE HOST MANY ANNUAL EVENTS SUCH AS A HIGH SCHOOL AND COLLEGE SEMINARS, A HOMECOMING DANCE, A HOLIDAY PARTY, COLLEGE VISITS AND ADVISING, AND A GRADUATION LUNCHEON, WHICH CREATES AN ONGOING ALUMNI COMMUNITY. COLLEGE SUPPORT: WE HAVE ACTIVELY DEVELOPED OUR COLLEGE SUPPORT COMPONENT OF OUR ALUMNI PROGRAM. COMPONENTS INCLUDE: OUR OWN GUIDE BOOK DESIGNED TO HELP STUDENTS WHO ARE NOT FAMILIAR WITH THE COLLEGE APPLICATION PROCESS, SAT PREP, ESSAY WRITING WORKSHOPS, INTERVIEW PREPARATION, ADVISING, COLLEGE VISITS AND ACCESS TO GAP FUNDING. EMERGENCY FUND: STUDENTS MAY APPLY TO BEACON FOR ANCILLARY ITEMS NOT COVERED BY TUITION TO HELP THEM BE FULL PARTICIPANTS IN HIGH SCHOOL AND COLLEGE SUCH AS EYEGLASSES, TEXTBOOKS, FIELD TRIP EXPENSES AND ATHLETIC EQUIPMENT. ONGOING RELATIONSHIPS: OUR SMALL SIZE AND INTENSE RELATIONSHIPS ENDURE. STUDENTS ARTICULATE THAT THEY TURN TO BEACON FRIENDS FIRST WHEN STRUGGLING WITH ISSUES OF FINANCIAL AID, DOMESTIC ABUSE OR THE COLLEGE APPLICATION PROCESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cynthia Laba Fmr Hd Of School (thru 1/2021) | 50 | $222,337 | |
Charles E Carter CEO And Head Of School | OfficerTrustee | 50 | $101,254 |
Eric Nett Director Of Enrollment | 50 | $100,398 | |
Kevin Parke Vice-Chair, Director | OfficerTrustee | 2 | $0 |
Amy Mccarthy Chair, Director | OfficerTrustee | 5 | $0 |
Anna Afeyan Treasurer, Director | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $656,353 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,514,516 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,170,869 |
Total Program Service Revenue | $575 |
Investment income | $210,837 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$1,178,852 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,203,429 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $391,222 |
Compensation of current officers, directors, key employees. | $43,902 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $912,844 |
Pension plan accruals and contributions | $31,788 |
Other employee benefits | $149,093 |
Payroll taxes | $96,354 |
Fees for services: Management | $0 |
Fees for services: Legal | $26,212 |
Fees for services: Accounting | $53,182 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $47,115 |
Fees for services: Other | $133,764 |
Advertising and promotion | $6,922 |
Office expenses | $71,542 |
Information technology | $24,789 |
Royalties | $0 |
Occupancy | $129,607 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $140,806 |
Insurance | $16,242 |
All other expenses | $0 |
Total functional expenses | $2,721,643 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $731,920 |
Savings and temporary cash investments | $833,842 |
Pledges and grants receivable | $1,483,619 |
Accounts receivable, net | $128,985 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $29,502 |
Net Land, buildings, and equipment | $4,507,971 |
Investments—publicly traded securities | $8,546,439 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $16,262,278 |
Accounts payable and accrued expenses | $110,372 |
Grants payable | $0 |
Deferred revenue | $35,000 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $145,372 |
Net assets without donor restrictions | $14,441,707 |
Net assets with donor restrictions | $1,675,199 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $16,262,278 |
Over the last fiscal year, we have identified 1 grants that Beacon Academy Inc has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Hearthstone Charitable Foundation Moultonborough, NH PURPOSE: HUMANITARIAN | $30,000 |
Beg. Balance | $8,668,742 |
Earnings | -$1,263,834 |
Net Contributions | $1,399,829 |
Other Expense | $290,000 |
Ending Balance | $8,514,737 |
Organization Name | Assets | Revenue |
---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Milestones Behavioral Services Inc Orange, CT | $21,061,189 | $19,167,051 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |