Beacon State Fund
- Assets
- $193.5k
- Revenue
- $220.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 74-2786655
Organization Overview
Beacon State Fund is located in Austin, TX. The organization was established in 1997. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon State Fund 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 12/2021, Beacon State Fund generated $220.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $168.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BEACON STATE FUND WAS SET UP TO ENGAGE IN ACTIVITIES THAT EDUCATE AND IMPROVE CIVIC PARTICIPATION OF TEXAS CITIZENS BY PROMOTING COMMUNITY LEADERSHIP AND VOLUNTEERISM; BY FOSTERING READING AND LITERACY; AND BY HOLDING ONE OR MORE CONFERENCES ANNUALLY AND PERIODIC SEMINARS OR GATHERINGS TO DISCUSS, TEACH, ENCOURAGE, RECOGNIZE, OR OTHERWISE PROMOTE COMMUNITY LEADERSHIP, VOLUNTEERISM, READING, AND LITERACY; AND TO RECOGNIZE OUTSTANDING DEDICATION AND CONTRIBUTIONS TO THESE GOALS BY ALL TEXANS, ESPECIALLY BY WOMEN AND PARTICULARLY WOMEN IN THE PUBLIC SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS WOMEN'S HALL OF FAME HONORS THE STATE'S MOST ACCOMPLISHED WOMEN. THE BIENNIAL AWARDS CEREMONY RECEIVES NOMINATIONS FROM MEMBERS OF THE PUBLIC TO RECOGNIZE THE ACHIEVEMENTS OF WOMEN IN TEXAS. INDUCTEES INCLUDE FIRST LADIES, TEACHERS, ASTRONAUTS, ATHLETES AND MANY MORE. THE AWARDS ARE HOUSED AT THE TEXAS WOMAN'S UNIVERSITY IN DENTON, TX AND IS OPEN TO THE PUBLIC TO LEARN THE ACCOMPLISHMENTS OF WOMEN THROUGHOUT THE STATE.
THE WOMEN-OWNED BUSINESS SERIES IS A SERIES OFFERED TO ENTREPRENEURS AND BUSINESS OWNERS THROUGHOUT THE STATE OF TEXAS. THE SERIES IS AN OPPORTUNITY TO LISTEN, LEARN AND CONNECT WITH SUBJECT-MATTER EXPERTS AND SUPPORT SYSTEMS TO HELP INDIVIDUALS START AND/OR GROW A BUSINESS. IN 2021, THE SERIES REACHED OVER 1,500 INDIVIDUALS AND WAS ABLE TO PROVIDE RELEVANT INFORMATION AND RESOURCES TO ENTREPRENEURS AND BUSINESS OWNERS.
THE WOMEN-OWNED BUSINESS PITCH COMPETITION IS A PART OF THE WOMEN-OWNED BUSINESS SERIES. THE PITCH COMPETITION PROVIDES FINANCIAL ASSISTANCE TO WOMEN BUSINESS OWNERS THROUGHOUT TEXAS WITH ONE WINNER BEING CHOSEN FROM EACH REGION. THE COMPETITION WAS ABLE TO ASSIST 5 WOMEN-OWNED BUSINESSES AND 1 JUNIOR BUSINESS OWNER IN 2021.
HOLIDAY WISHES PROJECT BENEFITS CHILDREN IN FOSTER CARE THROUGHOUT THE STATE OF TEXAS. FOSTER CARE YOUTH ARE SPONSORED DURING THE HOLIDAY SEASON AND GIFTS ARE PURCHASED FOR THE CHILDREN WITHIN FOSTER CARE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Jackson Secretary | Officer | 1 | $0 |
Rita Kreisle Treasurer | Officer | 2 | $0 |
Connie Weeks President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,402 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,032 |
| Grants and other assistance to domestic individuals. | $23,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,625 |
| Office expenses | $1,430 |
| Information technology | $9,478 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $759 |
| All other expenses | $0 |
| Total functional expenses | $168,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,637 |
| Savings and temporary cash investments | $15,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,925 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,451 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $193,451 |
| Net assets with donor restrictions | $0 |
| 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 | $193,451 |
Grants Awarded
Over the last fiscal year, Beacon State Fund has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
El Paso, TX PURPOSE: Sponsorship to the Dancing Backwards in High Heels event | $10,000 |
SAVHERA PBC PURPOSE: Women-owned business pitch competition. | $7,500 |
STUMP FARMS PURPOSE: Women-owned Business pitch competition. | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon State Fund has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Hunt Family Foundation El Paso, TX PURPOSE: TEXAS WOMEN'S HALL OF FALL SPONSORSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Tiger Athletic Foundation Baton Rouge, LA | $492,455,521 | $67,955,012 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |