Beacon Foundation in Farmington, Minnesota (MN)
Table of contents:
| Beacon Foundation | |
| Employer Identification Number (EIN) | 411939919 |
| Name of Organization | Beacon Foundation |
| In Care of Name | Scott Vincent |
| Address | 704 5th St, Farmington, MN 55024-1528 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $466,264 |
| Amount of Income | $80,948 |
| Form 990 Revenue Amount | $75,374 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2013: $80,948 (it was $78,300 in 2012)
| This organization: | $80,948 |
| Other organizations performing similar types of work: | $71,328 |
Assets in 2013: $466,264 (it was $431,825 in 2012)
| Beacon Foundation: | $466,264 |
| Other organizations performing similar types of work: | $50,799 |
Expenses in 2013: $40,935
| This organization: | $40,935 |
| Other organizations performing similar types of work: | $47,311 |
Income to expenses ratio in 2013: 2.0
| Beacon Foundation: | 2.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 84.7%
| Beacon Foundation: | 84.7% |
| Other organizations performing similar types of work: | 7.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $82,806 | $78,300 | $75,374 |
| Contributions, gifts, grants, and similar amounts received | $77,412 | $75,015 | $63,871 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $3,752 | $3,285 | $2,573 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,642 | $0 | $8,930 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $6,298 | $0 | $14,504 |
| Less: direct expenses from gaming and fundraising events | $4,656 | $0 | $5,574 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $76,104 | $30,942 | $40,935 |
| Total net assets | $384,467 | $431,825 | $466,264 |
| Excess/Deficit for the year | $6,702 | $47,358 | $34,439 |
| Net assets or fund balances at beginning of year | $377,765 | $384,467 | $431,825 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $384,467 | $431,825 | $466,264 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $385,552 | $431,825 | $466,264 |
| Total liabilities | $1,085 | $0 | $0 |
| Net assets or fund balances | $384,467 | $431,825 | $466,264 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No |
| Total amount involved | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $417,995 |
| Subtotal Support | $417,995 |
| Gifts, grants, contributions, and membership fees received | $417,995 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $444,629 |
| Public Support | $417,995 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $26,634 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Roswell Park Alliance Foundation | Elm And Carlton St, Buffalo, NY 14263-0001 | NY | 1996-08 | $28,110,672 |
| 2 | Science Foundation Arizona | 400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223 | AZ | 2006-11 | $7,919,015 |
| 3 | St Andrews Charitable Foundation | 6633 Delmar Blvd, St Louis, MO 63130-4505 | MO | 2008-01 | $1,344,641 |
| 4 | Tma Support Corporation | 2427 M L K Jr Ave Se, Washington, DC 20020-5815 | DC | 2006-10 | $709,645 |
| 5 | Rotary Club Of Coralsprings-Parkland Foundation Inc | 11873 Nw 2nd Ct, Coral Springs, FL 33071-8017 | FL | 2007-03 | $57,467 |
| 6 | Nexus Community Partners | 2314 University Ave W Ste 18, Saint Paul, MN 55114-1863 | MN | 2011-03 | $1,305,294 |
| 7 | Trinity First Lutheran School Charitable Trust And Foundation | 1115 E 19th Street, Minneapolis, MN 55404 | MN | 2008-03 | $1,101,780 |
| 8 | Tix For Tots | PO BOX 4086, Saint Paul, MN 55104-0086 | MN | 2002-02 | $1,027,619 |
| 9 | Chatfield Firefighters Activities Association Inc | 21 2nd St Se, Chatfield, MN 55923-1204 | MN | 2011-09 | $958,706 |
| 10 | Prior Lake Rotary Foundation | Po Box271, Prior Lake, MN 55372 | MN | 2011-06 | $912,092 |
| 11 | Friends Of Peb Inc | 340 5th Ave S, Saint Cloud, MN 56301-4316 | MN | 2009-01 | $747,477 |
| 12 | Charity Aware | 539 Bielenberg Dr Ste 110, Woodbury, MN 55125-4437 | MN | 2012-08 | $693,242 |
| 13 | Wayzata Sailing Foundation | PO BOX 768, Wayzata, MN 55391-0768 | MN | 2001-08 | $547,599 |
| 14 | Compelled | Po Box 221, Glenwood, MN 56334 | MN | 2009-10 | $502,891 |
| 15 | Lakes Area Nonprofit Support Foundation | 826 Summit Ave, Detroit Lakes, MN 56501-2905 | MN | 2011-05 | $483,681 |
| 16 | Convergence Events Inc | 1121 Jackson St Ne Ste 106, Minneapolis, MN 55413-1582 | MN | 2010-04 | $460,231 |
| 17 | The Possabilities Foundation | 1808 Third Ave Se, Rochester, MN 55904-7948 | MN | 2002-06 | $421,654 |
| 18 | The Twin Cities Christian Foundation | 730 2nd Ave S, Minneapolis, MN 55402-3400 | MN | 1998-06 | $387,089 |
| 19 | Samaritan Way | 19463 Evans St Nw, Elk River, MN 55330-1074 | MN | 2011-08 | $385,124 |
| 20 | St John Lutheran Home Foundation | 201 S County Road 5, Springfield, MN 56087-2102 | MN | 1985-12 | $317,763 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 13,855 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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