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Nonprofit · EIN 41-6022529

BEIM FOUNDATION

Tax-exempt · MINNEAPOLIS, MN 55419

Financials

$615K$687K2023$1.3M$744K2024
Revenue Expenses · by fiscal year end
Financials of BEIM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,281,880$743,537$538,343$11,987,295$0$11,987,295
December 31, 2023990-PF$615,033$686,699-$71,666$11,448,952$0$11,448,952
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$614,931
Interest
$27,220
Net gain from sales of assets
$639,729

Expenses

Grants and similar amounts paid
$530,500
Compensation of officers, directors and key employees
$3,420
Disbursements for charitable purposes
$686,317
Excise tax on investment income
$17,203

Balance sheet and other

Total assets, start of year
$11,448,952
Total assets, end of year
$11,987,295
Total liabilities, end of year
$0
Net assets, end of year
$11,987,295
Fair market value of assets
$15,847,815
Qualifying distributions
$686,317
Net investment income
$1,281,880

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SCOTT RUSSELL
318 W 48TH STREET, MINNEAPOLIS, MN 55419
PRESIDENT6$570
JACK STEPHENSON
318 W 48TH STREET, MINNEAPOLIS, MN 55419
TREASURER3$570
ERIK ARNOLD
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$570
ALLISON VILLANI
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$570
STEFANIE MCKIM
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$570
JIM MCKIM
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$285
JULIE PACKARD
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$285
PETER RUSSELL
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$0
ANNIE RUSSELL - WEAVER
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$0
LEO PACKARD
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SCOTT RUSSELL
318 W 48TH STREET, MINNEAPOLIS, MN 55419
PRESIDENT6$550
JACK STEPHENSON
318 W 48TH STREET, MINNEAPOLIS, MN 55419
TREASURER3$550
ERIK ARNOLD
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$550
ALLISON VILLANI
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$550
JIM MCKIM
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$275
STEFANIE MCKIM
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$275
JULIE PACKARD
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$0
PETER RUSSELL
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$0
ANNIE RUSSELL - WEAVER
318 W 48TH STREET, MINNEAPOLIS, MN 55419
DIRECTOR1$0

Address and contacts

Address (IRS master file)
318 W 48TH ST, MINNEAPOLIS, MN 55419-5418
In care of
% MS CAROL NULSEN
Signed the 990-PF
SCOTT RUSSEL, PRESIDENT
Phone
(612) 825-1404
Return prepared by
Landon C Scott PLLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
41-6022529
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1958
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$11,987,295
Income (IRS master file)
$2,306,953

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,281,880$743,537$11,987,295IRS
990-PFDecember 2023$615,033$686,699$11,448,952XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

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 41-6022529).

Questions about BEIM FOUNDATION

What is the EIN of BEIM FOUNDATION?
The employer identification number (EIN) of BEIM FOUNDATION is 41-6022529.
Is BEIM FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
Are donations to BEIM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BEIM FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BEIM FOUNDATION 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 BEIM FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of BEIM FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 10 people; 7 received compensation from the organization, the highest $570 (SCOTT RUSSELL, PRESIDENT).
How much revenue does BEIM FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,281,880, expenses of $743,537 and total assets of $11,987,295 at year end.

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