Bean Path
- Assets
- $644.1k
- Revenue
- $848.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-1523381
Organization Overview
Bean Path is located in Jackson, MS. The organization was established in 2017. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bean Path is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO TOOLS, KNOWLEDGE, & NETWORKS FOR STEAM OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELOW ARE JUST SOME OF THE SUCCESSES THE ORGANIZATION HAS EXPERIENCED DURING THIS YEAR.- RAISED OVER $800,000- MADE GREAT CONNECTIONS LOCALLY AND ABROAD- SECURED FULL-TIME AND ADDITIONAL PART-TIME PERSONNEL- DEVELOPED PROCESSES FOR STREAMING: WEEKLY MEETINGS; ASANA BOARD; SLACK/EMAIL COMMUNICATION; REGULAR RETROSPECTIVES- PIVOTED THROUGHOUT THE PANDEMIC AND REMAINED RELEVANT- RECEIVED GREAT PRESS AND LEARNED A GREAT DEAL- IMPACTED OVER 1,000 YOUTH AND ADULTS SINCE 2018- MENTORED OVER 20 SMALL BUSINESSES AND STARTUPS IN OUR CTO-2-GO PROGRAM SINCE 2019 AND ASSISTED ADDITIONAL BUSINESSES THROUGH TECH OFFICE HOURS- AWARDED OVER $10,000 IN GRANTS AND SCHOLARSHIPS SINCE 2018- ASSISTED PEOPLE BEYOND MS WITH CTO-2-GO, TECH OFFICE HOURS, AND EVERYONE CAN CODE PROGRAM WITH APPLE AND NATIONAL COALITION OF 100 BLACK WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Nashlie Sephus CEO | OfficerTrustee | 1 | $0 |
Amber Johnson Avery COO | OfficerTrustee | 1 | $0 |
Ivan Walker Cto | OfficerTrustee | 1 | $0 |
Tonie Sephus Hr & Finance Officer | OfficerTrustee | 1 | $0 |
Alemesha Campbell Board Member | Trustee | 1 | $0 |
Nader Dabit Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $167,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $635,060 |
| Noncash contributions included in lines 1a–1f | $5,560 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $802,060 |
| Total Program Service Revenue | $46,329 |
| Investment income | $0 |
| 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 | $848,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $64,913 |
| 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 | $72,704 |
| Advertising and promotion | $11,223 |
| Office expenses | $1,360 |
| Information technology | $12,675 |
| Royalties | $0 |
| Occupancy | $15,876 |
| Travel | $5,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,112 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $223,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,519 |
| 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 | $4,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,133 |
| Accounts payable and accrued expenses | $10,294 |
| 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 | $10,294 |
| Net assets without donor restrictions | $468,839 |
| Net assets with donor restrictions | $165,000 |
| 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 | $644,133 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bean Path has recieved totaling $36,947.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF TECH-ENABLED JOB GROWTH FOR LOW WAGE EARNERS AND BLACK-OWNED SMALL BUSINESSES IN JACKSON MS | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Builders Exchange Of Tennessee Inc Knoxville, TN | $3,303,908 | $1,339,963 |
Canopy Nwa Fayetteville, AR | $1,335,488 | $1,244,224 |
Middle Tennessee Industrial Development Association Nashville, TN | $1,313,834 | $842,842 |
Columbia Development Program Inc Jackson, MS | $1,039,498 | $1,110,408 |
North Alabama Industrial Development Association Inc Decatur, AL | $647,168 | $755,646 |
Mississippi Main Street Association Jackson, MS | $364,123 | $713,500 |
North Mississippi Industrial Development Association West Point, MS | $1,141,681 | $687,524 |
Association Of Procurement Technical Assistance Centers Inc Gallatin, TN | $986,803 | $680,195 |
Hands On Birmingham Inc Birmingham, AL | $24,640 | $444,731 |
Iberia Industrial Development Sfoundation New Iberia, LA | $397,335 | $556,634 |
Gnar Education Foundation Nashville, TN | $2,254,003 | $393,729 |
Builders Exchange Memphis, TN | $623,604 | $329,137 |