Beacom Family Foundation
- Assets
- $4.0m
- Revenue
- $236.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 81-4810569
Organization Overview
Beacom Family Foundation is located in Sioux Falls, SD. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Beacom Family Foundation 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, Beacom Family Foundation generated $236.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 72.4% each year . All expenses for the organization totaled $106.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Beacom Family Foundation has awarded 35 individual grants totaling $383,344. 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 |
|---|---|---|---|
Miles K Beacom Director | 0.05 | $0 | |
Alyssa A Beacom Director | 0.05 | $0 | |
Lisa E Beacom Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,947 |
| Capital Gain Net Income | $136,947 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,343 |
| Total operating and administrative expenses | $11,260 |
| Contributions, gifts, grants paid | $94,850 |
| Total expenses and disbursements | $106,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,045,629 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,045,629 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Beacom Family Foundation has awarded $94,850 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN SOCIAL SERVICES PURPOSE: SERVES PEOPLE OF ALL AGES, RACES, FAITHS, AND ECONOMIC LEVELS WITH PROFESSIONAL, CONFIDENTIAL AND AFFORDABLE SERVICES. | $13,550 |
SANFORD HEALTH FOUNDATION PURPOSE: TEAM EDITH CARE AND RESEARCH IN THE SIOUX FALLS AREA | $13,550 |
Crazy Horse, SD PURPOSE: GENERAL SUPPORT FOR MOUNTAIN CARVING AND INDIAN UNIVERSITY | $13,550 |
ACE ACADEMY SIOUX FALLS PURPOSE: BREAKFAST PROGRAM SUPPORT AND SCHOOL COSTS | $13,550 |
LOST AND FOUND ASSOCIATION PURPOSE: GENERAL SUPPORT | $13,550 |
SOUTH DAKOTA BALLET PURPOSE: GENERAL SUPPORT | $13,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Cancer Research Fund Minneapolis, MN | $16,189,103 | $22,272,354 |
The Madonna Foundation Lincoln, NE | $19,167,597 | $7,128,390 |
Dakota Medical Charities Fargo, ND | $81,107,368 | $3,853,049 |
Impact Foundation Fargo, ND | $5,033,144 | $2,597,194 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |
Nebraska Cultural Endowment Omaha, NE | $17,664,926 | $5,027,006 |
Northwoods Interfaith Volunteer Caregivers Program Bemidji, MN | $21,563 | $852,324 |
Share Omaha Omaha, NE | $942,566 | $706,688 |
Norfolk Family Coalition Inc Norfolk, NE | $38,104 | $614,746 |
Foundation For Christian Schools Kalispell, MT | $3,056,820 | $378,851 |
Faegre Baker Daniels Foundation Minneapolis, MN | $786,187 | $1,305,193 |