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Nonprofit · EIN 27-2503955

22BEACON PROPERTY CORPORATION

Tax-exempt · HANOVER, MD 21076

Financials

$8.3M$8.3M2023$9.3M$9.8M2024
Revenue Expenses · by fiscal year end
Financials of 22BEACON PROPERTY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,279,556$9,801,130-$521,574$105,765,495$102,053,408$3,712,087
December 31, 2023990$8,262,281$8,280,492-$18,211$90,197,930$85,964,269$4,233,661
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$7,760,429
Investment income
$1,519,127
Net gain from sales of assets
$1,519,127
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,647,215
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$134,576
Depreciation
$1,067,400
Program services (functional)
$9,729,266
Management and general (functional)
$71,864

Balance sheet and other

Total assets, start of year
$90,197,930
Total assets, end of year
$105,765,495
Total liabilities, end of year
$102,053,408
Net assets, end of year
$3,712,087
Land, buildings and equipment
$62,805,981
Net assets without donor restrictions
$3,712,087
Gross receipts
$9,279,556
Employees
0
Volunteers
4
Year formed
2006
State of legal domicile
AZ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ALAN WASHINGTONPRESIDENT & CEO
Officer
1$0$582,900$37,914
MICHELLE PROSPERICHIEF OPERATING OFFICER
Officer
1$0$376,654$66,876
LAURA FIEMANNSVP, DEVELOPMENT
Officer
1$0$351,070$60,351
MICHELE CERWINCHIEF OF STAFF
Highest-paid employee
1$0$324,683$67,580
REBECCA SALVOSVP, REAL ESTATE DEVELOPMENT
Officer
1$0$266,916$33,728
MARK ZEIZELSVP, REAL ESTATE INVESTMENTS & STRATEGY
Officer
1$0$248,214$51,467
GLENN KLEINVP, ACCOUNTING
Officer
1$0$201,167$55,367
NAGESH TAMMARAVP, LEGAL AFFAIRS, LEGAL COUNSEL
Highest-paid employee
1$0$193,768$24,379
VARISSARA ASSAKULSR. FINANCIAL & INVESTMENT ANALYST, REAL ESTATE
Highest-paid employee
1$0$162,180$22,247
SHANTA BACONACCOUNTING MANAGER
Highest-paid employee
1$0$137,852$41,640
BRITTANY KOZLEWSKIBUSINESS ANALYST
Highest-paid employee
1$0$134,498$19,895
MICHAEL CURRANCHAIR
Trustee or director, Officer
2$0$14,950$0
TOM NIDADIRECTOR
Trustee or director
2$0$12,650$0
EMBER REICHGOTT JUNGEVICE CHAIR
Trustee or director, Officer
2$0$11,500$0
JAY HROMATKADIRECTOR
Trustee or director
2$0$8,625$0
2 more people on this return
NameTitleHours / weekCompensationFrom related orgs
JOSEPH KEENEYDIRECTOR
Trustee or director
2$0$8,625
JIM GOENNERDIRECTOR & TREASURER
Trustee or director, Officer
2$0$6,900
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ALAN WASHINGTONPRESIDENT/CEO
Officer
1$0$454,213$28,802
MICHELLE PROSPERICHIEF OPERATING OFFICER
Officer
1$0$362,166$55,605
LAURA FIEMANNSENIOR VICE PRESIDENT
Officer
1$0$337,566$57,498
MICHELE CERWINCHIEF OF STAFF
Highest-paid employee
1$0$295,167$37,878
MARK ZEIZELVICE PRESIDENT
Officer
1$0$218,666$42,510
REBECCA SALVOSENIOR VICE PRESIDENT
Officer
1$0$230,284$30,540
ANNETTE HIGHFINANCIAL CONTROLLER (OUTGOING)
Officer
1$0$177,689$39,026
SHANTA BACONSENIOR PROJECT ACCOUNTANT
Highest-paid employee
1$0$125,600$39,154
TYLER PLATTPROJECT ACCOUNTING MANAGER
Highest-paid employee
1$0$104,300$33,268
TIMOTHY BEHRENSPREDEVELOPMENT & SUSTAINABILITY MGR.
Highest-paid employee
1$0$106,617$30,624
BRITTANY KOZLEWSKIBUSINESS ANALYST
Highest-paid employee
1$0$114,183$17,923
GLENN KLEINFINANCIAL CONTROLLER (INCOMING)
Officer
1$0$51,583$4,123
MICHAEL CURRANCHAIR
Trustee or director, Officer
2$0$17,525$0
EMBER REICHGOTT JUNGEVICE CHAIR
Trustee or director, Officer
2$0$14,150$0
TOM NIDADIRECTOR
Trustee or director
2$0$12,650$0
JAY HROMATKADIRECTOR
Trustee or director
2$0$11,500$0
JOSEPH KEENEYDIRECTOR
Trustee or director
2$0$11,500$0
JIM GOENNERDIRECTOR & TREASURER
Trustee or director, Officer
2$0$7,900$0

Address and contacts

Address (IRS master file)
7880 MILESTONE PKWY STE 425, HANOVER, MD 21076-2318
Mailing address (990-N for 2009)
37486 N 102nd Street, Scottsdale AZ 85262
Principal officer (990 for 2024)
MICHELLE PROSPERI, 7880 MILESTONE PARKWAY 425, HANOVER, MD 21076
Principal officer (990-N for 2009)
Frank D Riggs, 7272 Park Circle Drive Suite 265, Hanover MD 21076
Signed the 990
MICHELLE PROSPERI, CHIEF OEPRATING OFFICER
Phone
(443) 561-1280
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

NONE

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS.
    Expenses $9,729,266 · grants $5,647,215 · revenue $7,760,429

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2503955
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$105,765,495
Income (IRS master file)
$9,279,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,279,556$9,801,130$105,765,495IRS
990December 2023$8,262,281$8,280,492$90,197,930XML
990December 2022$10,166,989$11,557,712$91,587,085IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2009
Officer: Frank D Riggs
September 30, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2503955).

Questions about 22BEACON PROPERTY CORPORATION

What is the EIN of 22BEACON PROPERTY CORPORATION?
The employer identification number (EIN) of 22BEACON PROPERTY CORPORATION is 27-2503955.
Is 22BEACON PROPERTY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2011.
Are donations to 22BEACON PROPERTY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 22BEACON PROPERTY CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 22BEACON PROPERTY CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 22BEACON PROPERTY CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of 22BEACON PROPERTY CORPORATION?
The 990 for the year ended December 31, 2024 names MICHELLE PROSPERI.
Who are the officers and directors of 22BEACON PROPERTY CORPORATION?
The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
How much revenue does 22BEACON PROPERTY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,279,556, expenses of $9,801,130 and total assets of $105,765,495 at year end.

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