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Nonprofit · EIN 52-2063496

22BEACON INC

Tax-exempt · HANOVER, MD 21076

Financials

$25M$8.9M2023$14.6M$12.6M2024
Revenue Expenses · by fiscal year end
Financials of 22BEACON INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,571,903$12,643,402$1,928,501$182,564,501$91,059,699$91,504,802
December 31, 2023990$24,998,406$8,869,150$16,129,256$153,838,150$64,261,849$89,576,301
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,644,940
Program service revenue
$6,295,963
Investment income
$2,631,000
Net gain from sales of assets
$1,244,486
Other revenue
$0

Expenses

Grants and similar amounts paid
$32,500
Compensation of officers, directors and key employees
$2,420,599
Other salaries and wages
$2,038,737
Salaries, compensation and benefits (total)
$5,188,967
Professional fundraising fees
$0
Legal fees
$111,502
Accounting fees
$190,925
Occupancy
$250,024
Travel
$340,922
Depreciation
$290,921
Program services (functional)
$9,119,925
Management and general (functional)
$3,523,477

Balance sheet and other

Total assets, start of year
$153,838,150
Total assets, end of year
$182,564,501
Total liabilities, end of year
$91,059,699
Net assets, end of year
$91,504,802
Land, buildings and equipment
$5,520,106
Net assets without donor restrictions
$19,772,562
Net assets with donor restrictions
$71,732,240
Gross receipts
$14,571,903
Employees
26
Volunteers
4
Year formed
1997
State of legal domicile
DC

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 / weekCompensationOther / benefits
ALAN WASHINGTONPRESIDENT & CEO
Officer
40$582,900$37,914
MICHELLE PROSPERICHIEF OPERATING OFFICER
Officer
40$376,654$66,876
LAURA FIEMANNSVP, DEVELOPMENT
Officer
40$351,070$60,351
MICHELE CERWINCHIEF OF STAFF
Highest-paid employee
40$324,683$67,580
REBECCA SALVOSVP, REAL ESTATE DEVELOPMENT
Officer
40$266,916$33,728
MARK ZEIZELSVP, REAL ESTATE INVESTMENTS & STRATEGY
Officer
40$248,214$51,467
GLENN KLEINVP, ACCOUNTING
Officer
40$201,167$55,367
NAGESH TAMMARAVP, LEGAL AFFAIRS, LEGAL COUNSEL
Highest-paid employee
40$193,768$24,379
VARISSARA ASSAKULSR. FINANCIAL & INVESTMENT ANALYST, REAL ESTATE
Highest-paid employee
40$162,180$22,247
SHANTA BACONACCOUNTING MANAGER
Highest-paid employee
40$137,852$41,640
BRITTANY KOZLEWSKIBUSINESS ANALYST
Highest-paid employee
40$134,498$19,895
MICHAEL CURRANCHAIR
Trustee or director, Officer
2$14,950$0
LANETTE DAILEY-REESEDIRECTOR & SECRETARY
Trustee or director, Officer
2$12,650$0
TOM NIDADIRECTOR
Trustee or director
2$12,650$0
EMBER REICHGOTT JUNGEVICE CHAIR
Trustee or director, Officer
2$11,500$0
4 more people on this return
NameTitleHours / weekCompensation
ELISEO VALDEZDIRECTOR & TREASURER
Trustee or director, Officer
2$10,925
CHRISTINA RYAN DIGIULIANDIRECTOR
Trustee or director
2$9,775
JAY HROMATKADIRECTOR
Trustee or director
2$8,625
JIM GOENNERDIRECTOR
Trustee or director
2$6,900
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
ALAN WASHINGTONPRESIDENT/CEO
Officer
40$454,213$28,802
MICHELLE PROSPERICHIEF OPERATING OFFICER
Officer
40$362,166$55,605
LAURA FIEMANNCHIEF DEVELOPMENT OFFICER
Officer
40$337,566$57,498
MICHELE CERWINCHIEF OF STAFF
Highest-paid employee
40$295,167$37,878
MARK ZEIZELVICE PRESIDENT
Officer
40$218,666$42,510
REBECCA SALVOSENIOR VICE PRESIDENT
Officer
40$230,284$30,540
ANNETTE HIGHVP OF ACCOUNTING (OUTGOING)
Officer
40$177,689$39,026
TYLER PLATTPROJECT ACCOUNTING MANAGER
Highest-paid employee
40$104,300$33,268
TIMOTHY BEHRENSFACILITIES MANAGER
Highest-paid employee
40$106,617$30,624
SHANTA BACONACCOUNTING MANAGER
Highest-paid employee
40$125,600$10,048
BRITTANY KOZLEWSKIBUSINESS ANALYST
Highest-paid employee
40$114,183$17,923
GLENN KLEINVP OF ACCOUNTING (INCOMING)
Officer
40$51,583$4,123
MICHAEL CURRANCHAIR
Trustee or director, Officer
2$17,525$0
LANETTE DAILEY-REESEDIRECTOR & SECRETARY
Trustee or director, Officer
2$15,375$0
EMBER REICHGOTT JUNGEVICE CHAIR
Trustee or director, Officer
2$14,150$0
LEO VALDEZDIRECTOR
Trustee or director
2$12,650$0
TOM NIDADIRECTOR
Trustee or director
2$12,650$0
JAY HROMATKADIRECTOR
Trustee or director
2$11,500$0
CHRISTINA RYAN DIGIULIANDIRECTOR
Trustee or director
2$9,775$0
JIM GOENNERDIRECTOR & TREASURER
Trustee or director, Officer
2$7,900$0

Address and contacts

Address (IRS master file)
7880 MILESTONE PKWY STE 425, HANOVER, MD 21076-2318
Principal officer (990 for 2024)
MICHELLE PROSPERI, 7880 MILESTONE PARKWAY 425, HANOVER, MD 21076
Signed the 990
MICHELLE PROSPERI, CHIEF OPERATING OFFICER
Phone
(443) 561-1280
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

CSDC IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) ESTABLISHED TO ASSIST PUBLIC CHARTER SCHOOLS IN THE ACQUISITION AND FINANCING OF EDUCATIONAL FACILITIES AND RELATED CAPITAL IMPROVEMENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING LOANS, CREDIT ENHANCEMENTS, FINANCING GUARANTEES, FACILITY DEVELOPMENT AND MANAGEMENT SUPPORT TO CHARTER SCHOOLS.
    Expenses $9,119,925 · grants $32,500 · revenue $6,295,963

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
52-2063496
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$182,564,501
Income (IRS master file)
$14,571,903

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,571,903$12,643,402$182,564,501IRS
990December 2023$24,998,406$8,869,150$153,838,150XML
990December 2022$12,551,339$7,899,598$136,626,734IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 52-2063496).

Questions about 22BEACON INC

What is the EIN of 22BEACON INC?
The employer identification number (EIN) of 22BEACON INC is 52-2063496.
Is 22BEACON INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to 22BEACON INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 22BEACON INC 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 INC 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 INC 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 INC?
The 990 for the year ended December 31, 2024 names MICHELLE PROSPERI.
Who are the officers and directors of 22BEACON INC?
The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $582,900 (ALAN WASHINGTON, PRESIDENT & CEO).
How much revenue does 22BEACON INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,571,903, expenses of $12,643,402 and total assets of $182,564,501 at year end.

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