Beam Founders Network

Austin, TXUnknown exempt organizationEIN 38-4135318Revenue $243K in FY2022

On file with the IRSbeamfounders.org1023 Springdale Road 1j · Austin, TX

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Beam Founders Network supports women at the most critical moments in their entrepreneurial journey.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $17K a year · 5% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
3
named funders · $70K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$243K
-52% vs prior year
Spent
$290K
To programs
81%
Net assets
$0
By yearFY2020–FY2022
Revenue
$243K
FY2022▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$506K
FY2022$243K
Expenses
$290K
FY2022▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$322K
FY2021$502K
FY2022$290K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$43K
FY2021$47K
FY2022$0

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $234K Management & general 16% · $47K Fundraising 3% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Beam Founders Network executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports women entrepreneurs through critical startup stages.

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Provided by the organization

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1 program · $234K · in their own filed words · FY2022
01

Angel Network Administration

Provide equitable access to capital for women-founded companies and to create generational wealth for these founders and the investors that support them.

$234Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 3 funders$70K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$243K
Ln 12
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$7K
Money outPt IX
$290K
Ln 25
Programscol B$234K
Managementcol C$47K
Fundraisingcol D$9K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$7K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$37K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$95K$0
LiabilitiesLn 26$47K$0
Net assetsLn 32$47K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$151K$151K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$12K$12K
Management feesLn 11a$4K$1K$3K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$7K$50$7K
Advertising and promotionLn 12$47K$47K
Office expensesLn 13$937$602$335
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$13K$13K
InsuranceLn 23$537$537
Other expenses (24a–d)Ln 24$6K$643$6K
Total functional expensesLn 25$290K$234K$47K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $243K$290K−$47K$0 990 PDF
FY2021 $506K$502K$4K$47K 990 PDF
FY2020 $313K$322K−$9K$43K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $242,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $377,034$235,552
I-9 Program service revenuePrior year $126,186$7,418
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,276−$345
I-12 Total revenuePrior year $506,496$242,625
I-13 Grants and similar amounts paidPrior year $543$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $178,021$171,287
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $323,815$118,548
I-18 Total expensesPrior year $502,379$289,835
I-19 Revenue less expensesPrior year $4,117−$47,210
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $242,625 across 5 lines filed
VIII-1f All other contributions, gifts and grants$235,552
VIII-1h Total contributions, gifts and grants$235,552
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,418$7,418
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$345−$345
VIII-12 Total revenueRelated to mission $7,073 · Unrelated business $0 · Excluded from tax $0$242,625
Part IX · Statement of functional expenses $289,835 across 13 lines filed
IX-7 Other salaries and wagesPrograms $151,262$151,262
IX-9 Other employee benefitsPrograms $7,793$7,793
IX-10 Payroll taxesPrograms $12,232$12,232
IX-11a Management feesPrograms $1,160 · Management $3,000$4,160
IX-11b Legal feesManagement $2,893$2,893
IX-11c Accounting feesManagement $34,350$34,350
IX-11g Other fees for servicesPrograms $50 · Fundraising $7,360$7,410
IX-12 Advertising and promotionPrograms $47,175$47,175
IX-13 Office expensesManagement $602 · Fundraising $335$937
IX-17 TravelFundraising $1,649$1,649
IX-19 Conferences, conventions and meetingsPrograms $13,196$13,196
IX-23 InsuranceManagement $537$537
IX-24 Other expenses (24a–d)Programs $643 · Management $5,598$6,241
IX-25 Total functional expensesPrograms $233,511 · Management $46,980 · Fundraising $9,344$289,835
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $36,657$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $57,825$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $50$0
X-16 Total assetsStart of year $94,532$0
X-25 Other liabilitiesStart of year $250$0
X-26 Total liabilitiesStart of year $47,322$0
X-32 Total net assets or fund balancesStart of year $47,210$0
X-33 Total liabilities and net assetsStart of year $94,532$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$242,625
XI-2 Total expenses$289,835
XI-3 Revenue less expenses−$47,210
XI-4 Net assets at start of year$47,210
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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