Theodore And Beulah Beasley Foundation Inc
- Assets
- $49.6m
- Revenue
- $31.3m
- Investments
- $45.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1958
- Data as of
- 12/2023
- EIN
- 75-6035806
Organization Overview
Theodore And Beulah Beasley Foundation Inc is located in Dallas, TX. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theodore And Beulah Beasley Foundation 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 12/2023, Theodore And Beulah Beasley Foundation Inc generated $31.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 13.4% per year over the past 4 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, Theodore And Beulah Beasley Foundation Inc has awarded 341 individual grants totaling $9,944,195. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Vanderslice Past President | 35 | $200,731 | |
Michael Vanderslice Presiden, Exec Director & Secretary | 35 | $101,549 | |
Larry Mentzer Director | 1 | $0 | |
Linda Tinney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,544,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,498,072 |
| Capital Gain Net Income | $25,498,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,256,994 |
| Total Revenue | $31,300,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $302,280 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $799,884 |
| Depreciation | $9,304 |
| Occupancy | $62,604 |
| Travel, conferences, and meetings | $1,923 |
| Printing and publications | $0 |
| Other expenses | $230,072 |
| Total operating and administrative expenses | $1,620,243 |
| Contributions, gifts, grants paid | $2,671,395 |
| Total expenses and disbursements | $4,291,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,813 |
| Savings and temporary cash investments | $3,568,802 |
| 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 | $500,000 |
| Net Land, buildings, and equipment | $2,042 |
| Other assets | $14 |
| Total assets | $49,625,954 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $341 |
| Total liabilities | $341 |
Grants Awarded
Over the last fiscal year, Theodore And Beulah Beasley Foundation Inc has awarded $2,671,395 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: HEALTH EQUITY & REDUCING GAPS IN CARE PROGRAM-PARKLAND | $50,000 |
AMERICAN HEART ASSOCIATION SW AFFILIATE PURPOSE: SELF MONITORED BLOOD PRESSURE RX PROGRAM | $118,295 |
AMERICAN RED CROSS PURPOSE: DISASTER RELIEF FUND & SERVICE TO THE ARMED SERVICES | $25,000 |
AUSTIN STREET CENTER PURPOSE: NEW DINING SERVICE LINE | $75,000 |
BOY SCOUTS CIRCLE TEN COUNCIL PURPOSE: GENERAL OPERATING | $5,000 |
BRIDGES TO LIFE PURPOSE: GENERAL OPERATING | $5,000 |