Bean Path
- Assets
- $515.2k
- Revenue
- $515.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 08/2017
- Data as of
- 12/2022
- 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.
For the year ending 12/2022, Bean Path generated $515.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $649.7k during the year ending 12/2022. 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
2022
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 $500,000- MADE GREAT CONNECTIONS LOCALLY AND ABROAD WITH OVER 171 COMMUNITY DRIVEN PROGRAMS- 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- HOSTED OVER 20 EDUCATORS DURING EDUCATORS WEEK- HOSTED OVER 60 EDUCATORS DURING STEAM IMMERSION PROGARAM- HOSTED OVER 150 STUDENTS AND PARENTS FOR STEAM MAKERSPACE SHOWCASE & GRADUATION - LAUNCHED MAKERSPACE SUMMER PROGRAM WITH JACKSON PUBLIC SCHOOLS- HOSTED 12 EVENTS AT MAKERSPACE- EXPERIENCED OVER 100% INCREASE IN ONLINE ACTIVITY ENGAGEMENT THROUGH THE WEBSITE- EXPERIENCED OVER 220% INCREASE FROM THE BUSINESS COMMUNITY- REACHED OVER 2,100 PEOPLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Nashlie Sephus CEO | OfficerTrustee | 1 | $0 |
Kanika Welch Executive Director | OfficerTrustee | 1 | $12,374 |
Amber Johnson Avery COO | OfficerTrustee | 1 | $0 |
Tonie Sephus Hr & Finance Officer | OfficerTrustee | 1 | $12,736 |
Xaviur Levy Board Member | Trustee | 1 | $0 |
Stephen Brown Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $347,336 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,954 |
| Total Program Service Revenue | $80,691 |
| 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 | $515,645 |
| 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. | $57,295 |
| Compensation of current officers, directors, key employees. | $12,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,797 |
| Payroll taxes | $12,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,476 |
| 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 | $138,083 |
| Advertising and promotion | $13,477 |
| Office expenses | $9,630 |
| Information technology | $11,982 |
| Royalties | $0 |
| Occupancy | $70,425 |
| Travel | $6,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,156 |
| Insurance | $453 |
| All other expenses | $0 |
| Total functional expenses | $649,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,290 |
| 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 | $237,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $515,232 |
| Accounts payable and accrued expenses | $15,436 |
| 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 | $15,436 |
| Net assets without donor restrictions | $280,541 |
| Net assets with donor restrictions | $219,255 |
| 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 | $515,232 |