Nonprofit · EIN 54-1851247
BEANS AND RICE INC
Tax-exempt · RADFORD, VA 24143
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $50,188 | $197,569 | -$147,381 | $307,837 | $298,757 | $9,080 |
| June 30, 2024 | 990 | $83,362 | $218,640 | -$135,278 | $612,947 | $456,487 | $156,460 |
| June 30, 2023 | 990 | $177,062 | $176,980 | $82 | $757,933 | $466,317 | $291,616 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $26,411
- of which government grants
- $6,250
- Program service revenue
- $0
- Investment income
- $628
- Net income from sales of inventory
- $469
- Other revenue
- $23,149
Expenses
- Grants and similar amounts paid
- $32,145
- Compensation of officers, directors and key employees
- $23,962
- Other salaries and wages
- $22,159
- Salaries, compensation and benefits (total)
- $50,413
- Professional fundraising fees
- $0
- Legal fees
- $150
- Accounting fees
- $8,287
- Occupancy
- $33,487
- Travel
- $1,128
- Depreciation
- $9,694
- Program services (functional)
- $111,236
- Management and general (functional)
- $83,564
- Fundraising (functional)
- $2,769
Balance sheet and other
- Total assets, start of year
- $612,947
- Total assets, end of year
- $307,837
- Total liabilities, end of year
- $298,757
- Net assets, end of year
- $9,080
- Land, buildings and equipment
- $287,004
- Net assets without donor restrictions
- -$162,063
- Net assets with donor restrictions
- $171,143
- Gross receipts
- $53,519
- Employees
- 3
- Year formed
- 1997
- State of legal domicile
- VA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Justin Mosby | President Trustee or director, Officer | 2.5 | $0 |
| Brennen Snook | Treasurer Trustee or director, Officer | 2.5 | $0 |
| Tim Goff | Board Member Trustee or director | 1 | $0 |
| Mike Crabtree | Board Member Trustee or director | 1 | $0 |
| Sally Warburton | Board Member Trustee or director | 1 | $0 |
| Lora Gordon | Board Member Trustee or director | 1 | $0 |
| Vicky Collins | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lee Spiegel | Executive Director Officer | 40 | $40,000 |
| Timothy Goff | Board Member Trustee or director | 2.5 | $0 |
| Lora Gordon | Board Member Trustee or director | 2.5 | $0 |
| Sally Warburton | Board Member Trustee or director | 2.5 | $0 |
| Vicky Collins | Board Member Trustee or director | 2.5 | $0 |
| Mike Crabtree | Board Member Trustee or director | 2.5 | $0 |
| Justin Mosby | President Trustee or director, Officer | 2.5 | $0 |
| Brennan Snook | Treasurer Trustee or director, Officer | 2.5 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lee Spiegel | Executive Director Officer | 40 | $40,897 |
| Lora Gordon | Board Member Trustee or director | 1 | $0 |
| Timothy Goff | Board Member Trustee or director | 2 | $0 |
| Sally Warburton | Board Member Trustee or director | 1 | $0 |
| Serena Moore | Board Member Trustee or director | 2 | $0 |
| Vicky Collins | Board Member Trustee or director | 1 | $0 |
| Justin Mosby | President Officer | 2 | $0 |
| Michael Reis | Treasurer Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 397, RADFORD, VA 24143-0397
- In care of
- % ERIC BUCEY
- Principal officer (990 for 2024)
- Justin Mosby, PO Box 397, Radford, VA 24143
- Signed the 990
- Justin Mosby, President
- Phone
- (540) 980-4111
- Website
- www.beansandrice.org
- Return prepared by
- Ledford Accounting Team Inc
Mission
To assist in growing capacities and assets in low to moderate income families.
Program accomplishments
- Programs include asset growth initiatives and capacity development opportunities for low to moderate income families through community learning centers located in the New River Valley of Virginia.Expenses $111,236
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1851247
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80Z)
- Assets (IRS master file)
- $307,837
- Income (IRS master file)
- $53,519
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $50,188 | $197,569 | $307,837 | IRS |
| 990 | June 2024 | $83,362 | $218,640 | $612,947 | XML |
| 990 | June 2023 | $177,062 | $176,980 | $757,933 | XML |
| 990 | June 2022 | $219,999 | $336,837 | $777,505 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 54-1851247).
Questions about BEANS AND RICE INC
- What is the EIN of BEANS AND RICE INC?
- The employer identification number (EIN) of BEANS AND RICE INC is 54-1851247.
- Is BEANS AND RICE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to BEANS AND RICE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEANS AND RICE 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 BEANS AND RICE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEANS AND RICE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BEANS AND RICE INC?
- The 990 for the year ended June 30, 2025 names Justin Mosby.
- Who are the officers and directors of BEANS AND RICE INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does BEANS AND RICE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $50,188, expenses of $197,569 and total assets of $307,837 at year end.
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- RADFORD ELF SHELF INC EIN 83-0493865 · last filed 990 for 2025
- ITSALLABOUTJESUS MINISTRIES OUTREACH AND HELP CENTER EIN 30-0572172 · last filed 990-N for 2025
- RADFORD FAMILY LIFE COMMUNITY CENTER INCORPORATED EIN 31-1780718 · last filed 990-N for 2025
- NEW RIVER COMMUNITY ACTION INC EIN 54-0793072 · last filed 990 for 2025
- RADFORD UNIVERSITY FOUNDATION INC EIN 23-7219782 · last filed 990 for 2025