Beacon Inc
- Assets
- $1.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 100
- Location
- Bloomington, IN
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 74-3056968
Organization Overview
Beacon Inc is located in Bloomington, IN. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Beacon Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon 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 12/2021, Beacon Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 18.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BEACON, INC. (BEACON) IS AN INDIANA NOT-FOR-PROFIT CORPORATION. BEACON IS A SOCIAL SERVICE AGENCY SERVING BLOOMINGTON, INDIANA AND SURROUNDING AREAS. ITS PRINCIPLE PROGRAMS INVOLVE PROVIDING MEALS AND SHELTER TO THOSE IN NEED, ASSISTING PEOPLE IN OBTAINING NECESSARY HOUSING, HEALTHCARE AND OTHER SOCIAL SERVICES, OFFERING EDUCATIONAL AND SELF-IMPROVEMENT OPPORTUNITIES, AND ASSISTING PEOPLE IN OBTAINING EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHALOM CENTER: THE SHALOM CENTER IS BEACON'S DAY SHELTER AND OUR MAIN LOCATION, WHERE PHIL'S KITCHEN, RAPID-RE-HOUSING, AND STREET OUTREACH ALL WORK FROM. OPEN EVERY DAY FROM 8AM TO 4PM, SHALOM PROVIDES LIFE ESSENTIALS TO HELP PEOPLE STABILIZE IN TIMES OF NEED, INCLUDING: DAY SHELTER, BREAKFAST AND LUNCH (69,385 MEALS SERVED, INCLUDING 19,824 WEEKEND MEALS), EMERGENCY GROCERIES, RESTROOMS, SHOWERS (8,654), LAUNDRY (3,387 LOADS), STORAGE, TELEPHONES, A MAILING ADDRESS, BUS TICKETS (5,720), PRESCRIPTION AND HEALTH INSURANCE ASSISTANCE (43 PEOPLE), RENT AND UTILITY ASSISTANCE (209 HOUSEHOLDS), AND ACCESS TO HOUSING RESOURCES. SHALOM PLACE ALSO PROVIDED COUNSELING SESSIONS (7,850), ASSISTED PEOPLE WITHOUT HOMES (459, 53% OF WHOM MOVED INTO PERMANENT HOUSING), AND REUNITED HOMELESS PEOPLE WITH OUT-OF-TOWN FAMILIES (33). STREET OUTREACH SERVED 73 PEOPLE, 70% OF WHOM EXITED TO PERMANENT HOUSING.FRIEND'S PLACE: BEACON PROVIDES OVERNIGHT SHELTER TO PEOPLE EXPERIENCING HOMELESSNESS. FRIEND'S PLACE IS THE ONLY YEAR-ROUND, NONRELIGIOUS SHELTER FOR ADULTS (AGE 18+) IN OUR REGION. FRIEND'S PLACE PROVIDES 40 SAFE AND SOBER BEDS FOR MEN, WOMEN, AND GENDER NONBINARY PEOPLE. THE SHELTER OPENS DAILY AT 5;15PM. GUESTS MUST NOT BE UNDER THE INFLUENCE OF ALCOHOL OR ILLEGAL DRUGS, AND MONROE COUNTY RESIDENTS ARE GIVEN PRIORITY. FRIEND'S PLACE SHELTERED 368 PEOPLE FOR 18,230 BED-NIGHTS WITH AN AVERAGE LENGTH OF STAY OF 69 DAYS.CRAWFORD HOMES AND RAPID RE-HOUSING: AS A HOUSING FIRST ORGANIZATION, BEACON PRIORITIZES HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS. BEACON PROVIDES PERMANENT SUPPORTIVE HOUSING (CRAWFORD HOMES) FOR PEOPLE EXPERIENCING LONG-TERM HOMELESSNESS DUE TO DISABILITIES. CRAWFORD HOMES PROVIDED HOMES FOR 159 FORMERLY HOMELESS PEOPLE WITH DISABILITIES. RAPID REHOUSING FOR PEOPLE EXPERIENCING SHORT-TERM HOMELESSNESS WHO NEED LESS INTENSIVE SUPPORTS. RAPID RE-HOUSING HOUSED 110 FORMERLY HOMELESS PEOPLE, INCLUDING 100 PEOPLE IN FAMILIES (67 CHILDREN), AND PREVENTED HOMELESSNESS FOR 92 PEOPLE (35 CHILDREN).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forrest Gilmore Executive Director | Officer | 45 | $64,834 |
Carlene A Quinn Vice President | OfficerTrustee | 5 | $0 |
Jean Capler President | OfficerTrustee | 5 | $0 |
Von Welch Treasurer | OfficerTrustee | 5 | $0 |
Carol Watson Secretary | OfficerTrustee | 5 | $0 |
Michelle Bloom Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $86,134 |
| Membership dues | $0 |
| Fundraising events | $187,618 |
| Related organizations | $0 |
| Government grants | $3,463,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,804 |
| Noncash contributions included in lines 1a–1f | -$122,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,409,523 |
| Total Program Service Revenue | $34,171 |
| Investment income | $726 |
| 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 | $4,444,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,639,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,809 |
| Compensation of current officers, directors, key employees. | $6,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,361,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,440 |
| Payroll taxes | $124,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,048 |
| Fees for services: Other | $12,942 |
| Advertising and promotion | $569 |
| Office expenses | $57,534 |
| Information technology | $14,388 |
| Royalties | $0 |
| Occupancy | $166,836 |
| Travel | $9,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,798 |
| Insurance | $0 |
| All other expenses | $3,827 |
| Total functional expenses | $3,902,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,841 |
| Savings and temporary cash investments | $18,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $571,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,736 |
| Total assets | $1,150,566 |
| Accounts payable and accrued expenses | $5,902 |
| 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 | $5,902 |
| Net assets without donor restrictions | $990,447 |
| Net assets with donor restrictions | $154,217 |
| 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 | $1,150,566 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Beacon Inc has recieved totaling $85,795.
| Awarding Organization | Amount |
|---|---|
United Way Of Monroe County Inc Bloomington, IN PURPOSE: Indigent food & shelter | $58,843 |
Community Foundation Of Bloomington And Monroe County Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $23,952 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $3,000 |
Endowment Analysis
| Beg. Balance | $44,585 |
| Earnings | $9,019 |
| Admin Expense | $1,048 |
| Ending Balance | $52,556 |
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|---|---|---|
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Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |
Hands Of Hope Of Illinois Joliet, IL | $1,296,526 | $5,994,753 |
Communities In Schools Of Chicago Chicago, IL | $8,973,055 | $9,274,759 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Kauffman Scholars Inc Kansas City, MO | $2,305,850 | $5,242,341 |