Beacon Academy Inc

Organization Overview

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.

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.


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Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Beacon Academy Inc has recieved totaling $30,000.

Awarding OrganizationAmount
Hearthstone Charitable Foundation

Moultonborough, NH

PURPOSE: HUMANITARIAN

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,668,742
Earnings-$1,263,834
Net Contributions$1,399,829
Other Expense$290,000
Ending Balance$8,514,737

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