Nonprofit · EIN 56-2012602
BEAM FOUNDATION
Tax-exempt · CHARLOTTE, NC 28256
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $245,064 | $226,063 | $19,001 | $670,161 | $353,932 | $316,229 |
| December 31, 2021 | 990-EZ | $182,218 | $114,036 | $68,182 | $241,116 | $3,139 | $237,977 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $245,010
- Program service revenue
- $0
- Investment income
- $54
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $108,055
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,525
- Occupancy
- $5,945
- Depreciation
- $42,464
- Program services (functional)
- $222,538
- Management and general (functional)
- $3,525
Balance sheet and other
- Total assets, start of year
- $223,093
- Total assets, end of year
- $670,161
- Total liabilities, end of year
- $353,932
- Net assets, end of year
- $316,229
- Land, buildings and equipment
- $593,601
- Net assets without donor restrictions
- $316,229
- Gross receipts
- $245,064
- Employees
- 0
- Volunteers
- 26
- Year formed
- 1997
- State of legal domicile
- NC
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| T BRIAN GEORGE | PRESIDENT Officer | 10 | $0 |
| REGINALD BEAN | CEO Officer | 30 | $0 |
| DR TAMARA HANNA | CHAIRPERSON | 15 | $0 |
| ROBYN HAMILTON | SECRETARY | 5 | $0 |
| FRED HUDSON | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| T BRIAN GEORGE | EXECUTIVE DIRECTOR | 20 | $0 |
| JONATHAN LINDSAY | VP OF OPERATIONS | 10 | $0 |
| KELLY PRATT | VP OF FINANCE | 10 | $0 |
| KEVIN HENDERSON | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 562133, CHARLOTTE, NC 28256-2133
- In care of
- % MOSES FOX
- Mailing address (990-N for 2018)
- PO BOX 562133, CHARLOTTE NC 28256
- Principal officer (990 for 2023)
- T BRIAN GEORGE, 10719 CAMDEN MEADOW DRIVE, CHARLOTTE, NC 28273
- Principal officer (990-N for 2018)
- KEVIN HENDERSON, PO BOX 562133, CHARLOTTE NC 28256
- Signed the 990
- T BRIAN GEORGE, EXECUTIVE DIRECTOR
- Phone
- (704) 726-1472
- Return prepared by
- CHRISTOPHER E CARTER CPA PLLC
Mission
TO PROMOTE COMMUNITY SERVICE, LEADERSHIP DEVELOPMENT, AND EDUCATIONAL OPPORTUNITIES TO HIGH-RISK YOUTH AND ADULTS IN SPECIAL SITUATIONS.
Program accomplishments
- TO PROMOTE COMMUNITY SERVICE, LEADERSHIP DEVELOPMENT, AND EDUCATIONAL OPPORTUNITIES TO HIGH-RISK YOUTH AND ADULTS IN SPECIAL SITUATIONS WHILE MAINTAINING A SPECIAL EMPHASIS ON REACHING OUT TO YOUNG MINORITY MALESExpenses $222,538 · revenue $245,064
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2012602
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $670,161
- Income (IRS master file)
- $245,064
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $245,064 | $226,063 | $670,161 | XML |
| 990 | December 2022 | $200,646 | $216,209 | $223,093 | IRS |
| 990-EZ | December 2021 | $182,218 | $114,036 | $241,116 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: KEVIN HENDERSON | December 31, 2018 | ≤ $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 56-2012602).
Questions about BEAM FOUNDATION
- What is the EIN of BEAM FOUNDATION?
- The employer identification number (EIN) of BEAM FOUNDATION is 56-2012602.
- Is BEAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to BEAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEAM FOUNDATION 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 BEAM 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 BEAM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of BEAM FOUNDATION?
- The 990 for the year ended December 31, 2023 names T BRIAN GEORGE.
- Who are the officers and directors of BEAM FOUNDATION?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does BEAM FOUNDATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $245,064, expenses of $226,063 and total assets of $670,161 at year end.
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