2024-11-15T10:34:17-06:00 2023-12-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2023-01-01 821523381 BEAN PATH BEAN 7692083567 PO BOX 776 JACKSON MS 39205 NASHLIE SEPHUS CEO 7692083567 2024-11-14 1 1 KIMBERLY L HARDY CPA P01350496 6018988875 2024-11-14 2023 2024-10-15 13:58:12Z NASHLIE SEPHUS PO BOX 776 JACKSON MS 39205 675658 0 X HTTPS://WWW.BEANPATH.ORG/ X 2017 MS TO PROVIDE ACCESS TO TOOLS, KNOWLEDGE, & NETWORKS FOR STEAM OPPORTUNITIES. 12 12 5 12 0 0 434954 501606 80691 174052 0 0 0 0 515645 675658 0 0 0 0 219493 220095 0 0 101029 430195 570009 649688 790104 -134043 -114446 515232 631076 15436 12358 499796 618718 X TO CREATE EQUITY STEAM OPPORTUNITIES & CULTIVATE THE TALENT IN MISSISSIPPI BY PROVIDING ACCESS TO TOOLS, KNOWLEDGE, & NETWORKS TO EDUCATE AND STRENGTHEN THE COMMUNITY, STARTING WITH JACKSON, MISSISSIPPI. THE ORGANIZATION'S GOALS INCLUDE EXPOSING PEOPLE TO POSSIBILITIES AND OPPORTUNITIES, GROWING THE TECH ECHOSYTEM, EMPOWERING PEOPLE TO DEVELOP AND SHARE NEW TECH SKILLS, AND MENTORING ENTREPRENEURS AND INNOVATORS THROUGH STEAM CHALLENGES AND CAREERS. 0 0 482391 174052 DURING THE PAST PROJECT YEAR, THE BEAN PATH WAS ABLE TO NOT ONLY COMPLETE ALL EXPECTED RESULTS, BUT IN MANY CASES EXCEED THEM. THIS YEAR, THE ORGANIZATION CELEBRATED THE 5TH ANNIVERSARY OF THE BEAN PATH AND WANTED TO EXPAND ITS REACH AND IMPACT IN THE COMMUNITY. THE GOAL WAS TO CULTIVATE ENTREPRENEURIAL AND INNOVATIVE TALENT IN MISSISSIPPI THROUGH BEING THE ONE-STOP TECH-FACING SOURCE THAT PROVIDES ACCESS TO THE TOOLS, KNOWLEDGE, AND NETWORK NECESSARY TO EDUCATE, INNOVATE AND BUILD A STRONG, INSPIRED, FUTURE WORKFORCE. THE BEAN PATH PROMISED TO PROVIDE LOW-INCOME AND UNDER-EMPLOYED PROGRAM PARTICIPANTS WITH A GROUP AND/OR INDIVIDUALIZED INSTRUCTION AT NO COST. SUBJECT MATTER EXPERT FACILITATORS INTRODUCED AND IMPARTED NEW CONCEPTS AND METHODOLOGIES THAT BUILD ON DIGITAL LITERACY AWARENESS, DEVELOPMENT, AND IMPLEMENTATION. THE ORGANIZATION PROMISED TO OFFER FREE TO LOW-COST CERTIFIED PROGRAMMING BY EXPANDING COMMUNITY PARTNERSHIPS WITH OTHER ORGANIZATIONS THAT ALIGN WITH THE BEAN PATH'S MISSION.BELOW ARE JUST SOME OF THE SUCCESSES THE ORGANIZATION EXPERIENCED DURING 2023:- OVER 51 COMMUNITY DRIVEN PROGRAMS- OVER 2,200 PEOPLE REACHED- LAUNCH & SUCCESSFUL 2ND YEAR MAKERSPACE SUMMER PROGRAM- HOSTED OVER 33 EDUCATORS DURING EDUCATORS WEEK- HOSTED OVER 40 EDUCATORS DURING STEAM IMMERSION PROGRAM- HOSTED OVER 65 STUDENTS AND PARENTS FOR STEAM MAKERSPACE SHOWCASE & GRADUATION- HOSTED OVER 30 EVENTS AT MAKERSPACE- HIRED 3 FULL TIME STAFF FOR PROGRAMMING- INCREASED DIGITAL ENGAGEMENT (WEBSITE AND SOCIAL MEDIA PLATFORMS) 482391 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MS X TONIE SEPHUS 6014971114 101 WINDFALL PLACE CLINTON MS 39056 X DR NASHLIE SEPHUS CEO 1.00 X X 0 0 0 TAMIKA JENKINS EXECUTIVE DIRECTOR 1.00 X X 0 0 0 DR CRESTON BURSE DEPUTY DIRECTOR 1.00 X X 0 0 0 TONIE SEPHUS HR & FINANCE OFFICER 1.00 X X 0 0 0 XAVIUR LEVY BOARD MEMBER 1.00 X 0 0 0 STEPHEN BROWN BOARD MEMBER 1.00 X 0 0 0 THERESA KENNEDY BOARD MEMBER 1.00 X 0 0 0 NADER DABIT BOARD MEMBER 1.00 X 0 0 0 RODERICK JACKSON BOARD MEMBER 1.00 X 0 0 0 ALEMESHA CAMPBELL BOARD MEMBER 1.00 X 0 0 0 SARAH LEE BOARD MEMBER 1.00 X 0 0 0 AMBER AVERY BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 367915 133691 78000 501606 PROGRAM SERVICE REVENU 900099 174052 174052 174052 675658 174052 0 0 X 194386 97813 24453 72120 5398 2716 679 2003 20311 10220 2555 7536 59873 58373 1500 133094 80682 52412 28339 21254 7085 14288 7144 6929 215 5547 4188 1359 183132 146506 36626 4450 4450 46663 45938 725 16832 12624 3871 337 REPAIRS AND MAINTENANCE 41642 31232 9578 832 MISCELLANEOUS EXPENSE 20649 6814 6814 7021 SCHOLARSHIPS 8500 8500 SUPPLIES 7000 2310 2310 2380 790104 482391 206684 101029 246954 122468 283368 30290 2150 252190 29100 237988 223090 515232 631076 15436 12358 15436 12358 X 280541 618718 219255 0 499796 618718 515232 631076 X -114446 233368 X X 0 1 X 1 0 X 17961 67807 802060 434954 501606 1824388 17961 67807 802060 434954 501606 1824388 675458 1148930 1824388 311322 0.62980 0.62750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 233368 29100 204268 18822 18822 223090 675658 0 675658 0 675658 790104 0 790104 0 790104 X 1 78000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TONIE SEPHUS IS DR. NASHLIE SEPHUS' MOTHER. FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS PROVIDED TO BOTH THE PRESIDENT AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ANSWERED/CLEARED BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 A CONFLICT OF INTEREST POLICY HAS BEEN ADOPTED DURING YEAR 2023. FORM 990, PART VI, SECTION B, LINE 15 NO BOARD MEMBER CURRENTLY RECEIVES A SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, ALONG WITH ITS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 80,682. MANAGEMENT AND GENERAL EXPENSES 52,412. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 133,094. FORM 990, PART XI, LINE 9: PRIOR YEAR CHANGE IN GRANTS RECEIVABLE 233,368. PART XII LINE 2C - PROCESS OF COMMITTEE OVERSIGHT OF THE FIN STMT AUDIT THE AUDITOR MEETS WITH THE BOARD OF DIRECTORS MAKING A FULL PRESENTATION AT THE COMPLETION OF THE AUDIT FOR THE YEAR ANSWERING ANY OF THE BOARD'S QUESTIONS. THE AUDITOR WORKS CLOSELY WITH THE BOARD OF DIRECTORS DURING THE YEAR SHOULD ANY CONCERNS ARISE.