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Nonprofit · EIN 54-0550100

BEAZLEY FOUNDATION INC

Tax-exempt · PORTSMOUTH, VA 23707

Financials

$4.8M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of BEAZLEY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$4,833,669$3,577,885$1,255,784$42,485,786$803,620$41,682,166
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$924,360
Interest
$234,566
Net gain from sales of assets
$3,719,272
Other income
-$44,529

Expenses

Grants and similar amounts paid
$1,794,628
Compensation of officers, directors and key employees
$303,907
Salaries, compensation and benefits (total)
$621,531
Disbursements for charitable purposes
$3,063,019
Excise tax on investment income
$9,503

Balance sheet and other

Total assets, start of year
$41,468,238
Total assets, end of year
$42,485,786
Total liabilities, end of year
$803,620
Net assets, end of year
$41,682,166
Fair market value of assets
$54,045,654
Qualifying distributions
$3,063,019
Net investment income
$1,158,926

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
ROBERT S BEST
3720 BRIGHTON STREET, PORTSMOUTH, VA 23707
PRESIDENT40$243,907
DIANE POMEROY GRIFFIN
1 HIGH STREET SUITE 303, PORTSMOUTH, VA 23704
VICE PRESIDE2$10,000
P WARD ROBINETT JR
500 CRAWFORD ST, PORTSMOUTH, VA 23704
SECRETARY2$10,000
LAWRENCE W I'ANSON III
2510 STANLEY AVE SE, ROANOKE, VA 24014
TRUSTEE2$10,000
W ASHTON LEWIS
3412 WESTERN BRANCH BLVD, CHESAPEAKE, VA 23321
TRUSTEE2$10,000
JOHN FAILES
5409 HIGH ST WEST, PORTSMOUTH, VA 23703
TRUSTEE2$10,000
CHRISTINE PIERSALL
222 CENTRAL PARK AVE 1700, VIRGINIA BEACH, VA 23462
TRUSTEE2$10,000
PATRICIA A CARLSON
3720 BRIGHTON ST, PORTSMOUTH, VA 23707
TREASURER24$0

Address and contacts

Address (IRS master file)
3720 BRIGHTON ST, PORTSMOUTH, VA 23707-3902
Signed the 990-PF
ROBERT S BEST, PRESIDENT
Phone
(757) 393-1605
Return prepared by
CORBIN & COMPANY PC

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
54-0550100
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
1994
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$42,485,786
Income (IRS master file)
$16,025,580

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$2,950,539$3,345,795$41,468,238IRS
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about BEAZLEY FOUNDATION INC

What is the EIN of BEAZLEY FOUNDATION INC?
The employer identification number (EIN) of BEAZLEY FOUNDATION INC is 54-0550100.
Is BEAZLEY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to BEAZLEY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BEAZLEY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of BEAZLEY FOUNDATION 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 BEAZLEY FOUNDATION INC 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 BEAZLEY FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 8 people; 7 received compensation from the organization, the highest $243,907 (ROBERT S BEST, PRESIDENT).
How much revenue does BEAZLEY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,833,669, expenses of $3,577,885 and total assets of $42,485,786 at year end.

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