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The Beacon Foundation INC FY2020 filing

Tax-deductible

Farmington, MN501(c)(3)Foundations & Grantmakers EIN 41-1939919Revenue $17K in FY2020

On file with the IRSbeaconfoundation.org704 5th St, 55024-1528 · Farmington, MNTax-exempt since Apr 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation provides temporary financial assistance to u.s. Based delta airlines flight attendants and their families.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $37K a year · 402% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
155 mo
of spending, in cash
Looks good: 155.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
Spent
$35K
To programs
44%
Net assets
$457K
By yearFY2020–FY2024
Revenue
$17K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$9K
FY2022$6K
FY2023$5K
FY2024$8K
Expenses
$35K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$35K
FY2021$38K
FY2022$45K
FY2023$66K
FY2024Not on file
Net assets
$457K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$457K
FY2021$429K
FY2022$390K
FY2023$329K
FY2024$281K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2000.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $16K Management & general 56% · $20K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Becky Carroll
Vice President
$0Pt VII · Sec A
May Conway
Secretary
$0Pt VII · Sec A
See The Beacon Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid to Delta flight attendants and their families facing hardship.

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Provided by the organization

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1 program · $16K · in their own filed words · FY2020
01

To help restore the dignity of flight attendants who have lost their income and are struggling to pay their bills. Grants are given to help flight attendants pay for necessary living expenses.

$16Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Regional Access Project Foundation INCFY2022$6K
Total grants receivedfrom 1 funder$6K
Grants paid · 4 grants · $99K · 2020–2023
Unitemized GrantFY2023$45,000
Unitemized GrantFY2022$24,304
Unitemized GrantFY2021$14,400
Unitemized GrantFY2020$15,600

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$17K
Ln 12
Gifts and grantsLn 1h$14K
Investment incomeLn 3$3K
Money outPt IX
$35K
Ln 25
Programscol B$16K
Managementcol C$20K
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$458K
Total assetsLn 16$459K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Investment incomeLn 3$3K
Total revenueLn 12$17K
Assets in detailPt X, end of year
SavingsLn 2$458K
Cash and savings togetherLn 1–2$458K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$459K
LiabilitiesLn 26$2K
Net assetsLn 32$457K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$476K$458K
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$476K$459K
LiabilitiesLn 26$0$2K
Net assetsLn 32$476K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Other salaries and wagesLn 7$12K$12K
Payroll taxesLn 10$918$918
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$3K$3K
Depreciation, depletion and amortizationLn 22$252$252
Total functional expensesLn 25$35K$16K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8K$281K 990 PDF
FY2023 $5K$66K−$61K$329K 990 PDF
FY2022 $6K$45K−$39K$390K 990 PDF
FY2021 $9K$38K−$29K$429K 990 PDF
FY2020 Viewing $17K$35K−$19K$457K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $16,700 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,814$14,029
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,593$2,671
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $38,407$16,700
I-13 Grants and similar amounts paidPrior year $47,000$15,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,918$12,918
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,185$6,864
I-18 Total expensesPrior year $74,103$35,382
I-19 Revenue less expensesPrior year −$35,696−$18,682
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $16,700 across 4 lines filed
VIII-1f All other contributions, gifts and grants$14,029
VIII-1h Total contributions, gifts and grants$14,029
VIII-3 Investment incomeExcluded from tax $2,671$2,671
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,671$16,700
Part IX · Statement of functional expenses $35,382 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $15,600$15,600
IX-7 Other salaries and wagesManagement $12,000$12,000
IX-10 Payroll taxesManagement $918$918
IX-11c Accounting feesManagement $2,100$2,100
IX-11g Other fees for servicesManagement $1,915$1,915
IX-13 Office expensesManagement $2,597$2,597
IX-22 Depreciation, depletion and amortizationManagement $252$252
IX-25 Total functional expensesPrograms $15,600 · Management $19,782 · Fundraising $0$35,382
Part X · Balance sheet $459,135 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $475,947$457,517
X-10c Land, buildings and equipment, netStart of year $0$1,618
X-16 Total assetsStart of year $475,947$459,135
X-17 Accounts payable and accrued expenses$1,870
X-26 Total liabilitiesStart of year $0$1,870
X-32 Total net assets or fund balancesStart of year $475,947$457,265
X-33 Total liabilities and net assetsStart of year $475,947$459,135
Part XI · Reconciliation of net assets $457,265 net assets at year end
XI-1 Total revenue$16,700
XI-2 Total expenses$35,382
XI-3 Revenue less expenses−$18,682
XI-4 Net assets at start of year$475,947
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$457,265

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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