Is it real?
Yes. Never revoked by the IRS. Latest filing we have: FY2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $21K paid to officers and key staff (Part VII, Section A).
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers women with entrepreneurial skills to end poverty.
Questions for Beadforlife
Your first name shows with your question. Beadforlife answers here, for everyone.
BeadforLife is selling from our on-hand inventory utilizing our volunteers across the US. All proceeds are used to support other NGOs. In addition, much of our inventory on hand was donated to other NGOs as our shift in operations meant a decrease in retail sales.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1683139) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $267K | $139K |
| InvestmentsLn 11–13 | $825K | $929K |
| Land, buildings, equipmentLn 10c | $12K | $0 |
| Total assetsLn 16 | $1.6M | $1.1M |
| LiabilitiesLn 26 | $712K | $557K |
| Net assetsLn 32 | $858K | $558K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $348K | $348K | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $21K | $18K | $4K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $16K | $14K | $3K | |
| Pension plan contributionsLn 8 | $988 | $822 | $166 | |
| Other employee benefitsLn 9 | $4K | $2K | $1K | |
| Payroll taxesLn 10 | $3K | $2K | $549 | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $888 | $130 | $758 | |
| Advertising and promotionLn 12 | $2K | $2K | $26 | |
| Office expensesLn 13 | $8K | $7K | $2K | |
| Information technologyLn 14 | $1K | $672 | $439 | |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $4K | $3K | $1K | |
| TravelLn 17 | $159 | $159 | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $507 | $507 | ||
| InsuranceLn 23 | $2K | $2K | $902 | |
| Other expenses (24a–d)Ln 24 | $6K | $5K | $367 | |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $426K | $412K | $14K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 LatestFiled with the IRS Aug 4, 2023 | $26K | $0 | 990 PDF | ||
| FY2022Filed with the IRS Jan 24, 2023 | $54K | $461K | −$407K | $27K | 990 PDF |
| FY2021 ViewingFiled with the IRS Jan 7, 2022 | $125K | $426K | −$300K | $558K | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $125,377 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $125,377 across 8 lines filed
Part IX · Statement of functional expenses $425,611 across 31 lines filed
Part X · Balance sheet $1,115,516 assets, 22 lines filed
Part XI · Reconciliation of net assets $558,126 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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