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Beito Foundation EIN 41-1911994

Beito Foundation

EIN  41-1911994 Private foundation / grantmaker Thief Rvr Fls, MN
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Size
<$100K
What they do
A private foundation based in Thief Rvr Fls, MN. It reported about $62K in revenue for 2022.
Leadership
David Beito · President
Money in and out
$62K revenue, $181K expenses
Bottom line
—

A private foundation based in Thief Rvr Fls, MN. It reported about $62K in revenue for 2022. For fiscal year 2023 it reported $62K in revenue, $181K in expenses, and $2.0M in net assets.Pt I

Grants paid & assets · FY2023
Total revenue
$62K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$119K
Total assets
2.0M
deployed as grants and operations
Grants paid
148K
in FY2023
Grants made
30grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 30 grants · $148K · 2022–2022
Pennington County SheriffFY2022$23,500
St Olaf CollegeMN · FY2022$20,500
Trf Education FoundationFY2022$12,500
Northland Community and Technical College FoundationFY2022$11,000
The VillageFY2022$10,000
Concordia College CorporationMN · FY2022$10,000
Pennington County Historical Society IncorporatedMN · FY2022$9,000
Minnesota Historical SocietyMN · FY2022$6,500
Thief River Falls Area Food ShelfMN · FY2022$5,000
Middle River Fire DepartmentFY2022$4,000
Northwest Regional LibraryFY2022$4,000
Zion Lutheran ChurchFY2022$3,000
Bike MnFY2022$2,000
VipFY2022$2,000
North Dakota Museum of ArtND · FY2022$2,000
Newfolden Community HomesMN · FY2022$2,000
City of GoodridgeFY2022$2,000
Luther SeminaryMN · FY2022$2,000
See all 30 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV11
Average grantPart XV$5K
Median grantPart XV$2K
Largest grantPart XV$24K
Top cause focusNTEEArts & Culture (10%)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Revenue
$62K
FY2023▼ -53%
Expenses
$181K
FY2023▼ -7%
Total assets
$2.0M
FY2023▼ -6%
Total liabilities
$0
FY2023
Total revenue
$62K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Total assetsPt II$2.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBeito Foundation
EINHdr · item D41-1911994
Principal addressHdr · item CThief Rvr Fls, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
David Beito
President
$0Pt VII · Sec A
Gretchen E Beito
Vice Pres, Sec, & Treasure
$0Pt VII · Sec A
See Beito Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$62K
Total revenueLn 12$62K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$148K
Operating & administrative18%$33K
Total functional expensesLn 25$181K

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $62K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $62K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $62K · Prior year $133K
-53%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $62K · Expenses $181K
-192%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
—
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
People & payroll
Highest Reported Total Compensation
Individual David Beito · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $181K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -53%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$62K revenue · viewing · ⤓ 990 PDF
FY2022$133K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$115K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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