Beaumont Foundation Of America
- Assets
- $198.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Beaumont, TX
- Founding
- 02/2001
- Data as of
- 12/2022
- EIN
- 76-0650506
Organization Overview
Beaumont Foundation Of America is located in Beaumont, TX. The organization was established in 2001. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Beaumont Foundation Of America employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaumont Foundation Of America is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Beaumont Foundation Of America generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Beaumont Foundation Of America has awarded 55 individual grants totaling $3,887,067. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BEAUMONT FOUNDATION OF AMERICA AWARDS GRANTS TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS BY PROVIDING ASSISTANCE TO THE POOR, UNDERSERVED, AND UNDERPRIVILEGED. WE HAVE FIVE MAJOR PROGRAM AREAS - CHILDREN & YOUTH, EDUCATION, HEALTHCARE, SOCIAL SERVICES AND CHILDREN OF FALLEN HEROES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
CHILDREN AND YOUTH PROGRAMS CONSIST PRIMARILY OF PROVIDING CLOTHING FOR CHILDREN IN FOSTER CARE PROGRAMS. CHILDREN IN FOSTER CARE SELDOM HAVE NEW SCHOOL CLOTHES, AS BUDGETS ARE SO SPARCE THAT NEW SCHOOL CLOTHES BECOME A LUXURY. BUT FOR CHILDREN ALREADY FACING NEARLY INSURMOUNTABLE PROBLEMS OF IDENTITY AND WORTH, PEER PRESSURE, AND RIDICULE BASED ON OLD OR INAPPROPRIATE CLOTHING CAN BE DEVASTATING. BEAUMONT FOUNDATION GRANTS WORK IN CLOSE COORDINATION WITH THE MAJOR FOSTER CARE PROVIDERS TO HELP OVERCOME THIS PROBLEM. FINALLY, OUR CHILDREN OF FALLEN HEROES PROGRAM IS A LEGACY OF OUR ORIGINAL MISSION TO PROVIDE TECHNOLOGY GRANTS. THIS PROGRAM PROVIDES LAPTOP COMPUTERS TO DEPENDENT CHILDREN AND SPOUSES OF MILITARY PERSONNEL WHO GAVE THEIR LIVES IN IRAQ OR AFGHANISTAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Edward Keller President & | Officer | 40 | $270,253 |
Robert Craft General Coun | Officer | 40 | $195,000 |
Wayne Reaud Chairman | Trustee | 20 | $0 |
Gilbert Low Director | Trustee | 5 | $0 |
Peter Huntsman Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,602,068 |
| 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 | $2,602,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,887,067 |
| Grants and other assistance to domestic individuals. | $279,000 |
| 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 | $540,253 |
| Pension plan accruals and contributions | $106,977 |
| Other employee benefits | $0 |
| Payroll taxes | $30,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $161,338 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,747 |
| Information technology | $9,422 |
| Royalties | $0 |
| Occupancy | $67,328 |
| Travel | $1,044 |
| 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 | $0 |
| Insurance | $61,603 |
| All other expenses | $0 |
| Total functional expenses | $5,272,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,301,883 |
| Savings and temporary cash investments | $192,368,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,838 |
| 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 | $32,576 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,508 |
| Total assets | $198,772,539 |
| Accounts payable and accrued expenses | $7,053 |
| Grants payable | $5,161,347 |
| 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 | $68,176 |
| Total liabilities | $5,236,576 |
| Net assets without donor restrictions | $193,535,963 |
| 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 | $198,772,539 |
Grants Awarded
Over the last fiscal year, Beaumont Foundation Of America has awarded $3,887,067 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT | | $1,000,000 |
TO BE DETERMINED | | | $470,264 |
Austin, TX | | $120,000 |
SAN AUGUSTINE HS COLLEGE SCHOLARSHI | | | $112,500 |
El Paso, TX | | $100,000 |
Houston, TX | | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beaumont Foundation Of America has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
The Shaevsky Family Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT MEDICAL RESEARCH | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jack R Macdonald Charitable Trust Dallas, TX | $210,803,432 | $37,680,803 |
Beaumont Foundation Of America Beaumont, TX | $198,772,539 | $2,602,068 |
Rebuilding Together New Orleans Inc New Orleans, LA | $4,947,911 | $2,442,774 |
Protex A Network For Progressive Texas Austin, TX | $2,134,660 | $1,207,733 |
Hand To Hand Foundation Inc Alma, AR | $102,920 | $1,043,014 |
Gnof Support Foundation New Orleans, LA | $1,192,327 | -$86,135 |
The Crouch Foundation Amarillo, TX | $16,850,877 | $1,397,399 |
Ryffel Family Foundation Inc Fort Worth, TX | $369 | $32,795 |
Matt 25 Inc Clovis, NM | $656,694 | $474,342 |
Beldon Family Foundation San Antonio, TX | $5,412,805 | $44,521 |
Charles Lukitsch Charitable Tr Tulsa, OK | $3,766,034 | $123,634 |
Scantland Charitable Foundation San Antonio, TX | $2,478,255 | $823,356 |