Beacon Of Bright Beginnings Foundation
- Assets
- $639.4k
- Revenue
- $155.3k
- Investments
- $627.5k
- Employees
- 0
- Location
- Scarsdale, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-1771523
Organization Overview
Beacon Of Bright Beginnings Foundation is located in Scarsdale, NY. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Of Bright Beginnings 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 12/2022, Beacon Of Bright Beginnings Foundation generated $155.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $133.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Umer Raffat President & CEO | 10 | $0 | |
Dr Sarah Caudhary Secretary | 5 | $0 | |
Raffat Mahmood Director | 2 | $0 | |
Dr Mohammad Yousaf Chaudhary Director | 2 | $0 | |
Robert R Lyons Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,290 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,150 |
| Printing and publications | $0 |
| Other expenses | $245 |
| Total operating and administrative expenses | $7,895 |
| Contributions, gifts, grants paid | $125,500 |
| Total expenses and disbursements | $133,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,912 |
| 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 | $627,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $639,412 |
| 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, Beacon Of Bright Beginnings Foundation has awarded $125,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARK GRAMMAR SCHOOL PURPOSE: FUNDING FOR SCHOOL FOR THE POOR. | $125,000 |
MARY AND ELIZA FREEMAN CENTER PURPOSE: MISSION RELATED | $500 |