Beacon Media Inc
- Assets
- $242.1k
- Revenue
- $860.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Kansas City, MO
- Founding
- Data as of
- 07/2022
- EIN
- 83-4587205
Organization Overview
Beacon Media Inc is located in Kansas City, MO. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Beacon Media Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Media 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 07/2022, Beacon Media Inc generated $860.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.9% each year . All expenses for the organization totaled $1.3m during the year ending 07/2022. 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
OUR MISSION IS TO PRODUCE RIGOROUS JOURNALISM THAT EXPLAINS COMPLEX ISSUES, HOLDS GOVERNMENT ACCOUNTABLE AND ENGAGES KANSANS AND MISSOURIANS IN CIVIC ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEACON MEDIA INC IS A NONPROFIT ONLINE NEWS NETWORK DEDICATED TO ECONOMICS AND CIVIC ISSUES. OUR MISSION IS TO PRODUCE RIGOROUS JOURNALISM THAT EXPLAINS COMPLEX ISSUES, HOLDS GOVERNMENT ACCOUNTABLE AND ENGAGES KANSANS AND MISSOURIANS IN CIVIC ISSUES. WE PARTNER WITH OTHER MEDIA OUTLETS TO SHARE OUR WORK, AS WELL AS DISTRIBUTE NEWS THROUGH OUR WEBSITE, EMAIL NEWSLETTERS, SOCIAL MEDIA AND TEXT MESSAGING. OUR AWARD WINNING JOURNALISM IS FREE TO THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Ryan Founder & CEO | Officer | 40 | $105,000 |
Anurag Patel Treasurer | OfficerTrustee | 5 | $0 |
Brittany Barrientos Secretary | OfficerTrustee | 5 | $0 |
David Oliver Chair | OfficerTrustee | 5 | $0 |
Mike Matson Executive Director 3/1/22 To 7/31/22 | Officer | 40 | $0 |
Shelly Prichard Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,362 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $851,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,837 |
| Total Program Service Revenue | $856 |
| 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 | $860,712 |
| 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. | $155,579 |
| Compensation of current officers, directors, key employees. | $15,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,208 |
| Payroll taxes | $68,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,398 |
| Fees for services: Accounting | $14,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,360 |
| Advertising and promotion | $36,309 |
| Office expenses | $11,239 |
| Information technology | $89,938 |
| Royalties | $0 |
| Occupancy | $8,573 |
| Travel | $14,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,306 |
| Insurance | $9,071 |
| All other expenses | $0 |
| Total functional expenses | $1,287,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $242,062 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $242,062 |
| Total liabilities and net assets/fund balances | $242,062 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Beacon Media Inc has recieved totaling $957,500.
| Awarding Organization | Amount |
|---|---|
American Journalism Project Inc Washington, DC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $390,000 |
American Journalism Project Inc Washington, DC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $390,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR REPORTING ON ENTREPRENEURSHIP, EDUCATION, AND CIVIC ENGAGEMENT WHILE BUILDING THE ORGANIZATIONAL CAPACITY AND FINANCIAL SUSTAINABILITY OF THE BEACON, AN EMERGING NONPROFIT NEWS ORGANIZATION. 202109-11344 | $150,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $15,000 |
Institute For Nonprofit News Beverly Hills, CA PURPOSE: INN DIRECT SUPPORT - COVID-19 LESSONS, 2021 COLUMBIA INTERN GRANT & 2021 NONPROFIT NEWS AWARD | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radiant Life Ministries Marion, IL | $195,965,953 | $18,938,808 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
Community Broadcasting Inc Overland Park, KS | $6,691,384 | $2,767,023 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
Scola Mc Clelland, IA | $4,272,203 | $340,778 |
City Bureau Nfp Chicago, IL | $2,720,494 | $2,390,104 |
Illinois Beef Association Inc Springfield, IL | $854,239 | $1,875,178 |
Kentucky Broadcasters Association Inc Frankfort, KY | $1,618,428 | $1,052,426 |
Kanza Society Inc High Plains Public Radio Garden City, KS | $3,794,036 | $1,212,601 |
Beacon Media Inc Kansas City, MO | $242,062 | $860,712 |
National Agri Marketing Association Inc Leawood, KS | $318,457 | $1,021,517 |