Beam Center INC

Tax-deductible

Brooklyn, NY501(c)(3)Since 2012EIN 45-4273449

Founded in 2012, Bean Center focuses on empowering young people through hands-on collaborative creation and learning, helping them to develop skills, confidence, and purpose working together on real-world projects combining art, science, and technology.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 15 volunteers and 147 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 3
filings with a surplus
Average surplus $109K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
+29% vs prior year
Spent
$4.8M
To programs
82%
Net assets
$1.1M
By yearFY2021–FY2024
Revenue
$5.1M
FY2024▲ +29%
Revenue by fiscal year
FY2021$2.8M
FY2023$4.2M
FY2024$4.0M
FY2024$5.1M
Expenses
$4.8M
FY2024▲ +15%
Expenses by fiscal year
FY2021$2.5M
FY2023$4.1M
FY2024$4.1M
FY2024$4.8M
Net assets
$1.1M
FY2024▲ +520%
Net assets by fiscal year
FY2021$248K
FY2023$306K
FY2024$179K
FY2024$1.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $3.9M Management & general 14% · $672K Fundraising 3% · $162K

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

Who runs it and what they're paid

12 people listed on the 990; $213K paid to officers and key staff.

Part VII, Section A · reportable compensation
$111,739Pt VII · Sec A
Executive Director
$100,793Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024
Matt Robingson$111,739—
Brian Cohen$100,793—
Brian Cohen—$99,319

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Beam Center 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers NYC youth by integrating art, design, science, and engineering into accessible learning experiences.

Provided by the organization

This section is blank until Beam Center INC claims this page.

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3 program services account for $3.9M of program spending, described in the organization's own filed words · FY2024.
01

Youth and Other Programs

Out of school programs for students in 2ND through 8TH grades. Workshops led by beam center faculty and beamworks apprentices.

$1.5Mprogram expense
02

Beamworks

Public school partnerships where beam center faculty collaborate with teachers on art and technology projects, serving middle and high school students from public schools throughout nyc, in and out of the classroom.

$1.4Mprogram expense
03

Beam Camp

New hampshire sleepaway summer program where campers learn creative and collaboration skills and build a spectacular largescale collaborative project chosen through an annual worldwide design competition.

$996Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$28K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$4.3M
Fees for servicesLn 2g$857K
Other incomeLn 4–11$14K
Money outPt IX
$4.8M
Ln 25
Programscol B$3.9M
Managementcol C$672K
Fundraisingcol D$162K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$596K
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Government grantsLn 1e$2.8M
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$125K
Fees for servicesLn 2g$857K
Investment incomeLn 3$3
Other incomeLn 4–11$14K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$446K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$596K
Land, buildings, equipmentLn 10c$190K
Other assetsLn 15$1.4M
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.9M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 5147
VolunteersI 615
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 FY24End FY24
Cash and savingsLn 1–2$194K$596K
Land, buildings, equipmentLn 10c$246K$190K
Total assetsLn 16$1.6M$3.0M
LiabilitiesLn 26$832K$1.9M
Net assetsLn 32$724K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$300K$300K
Pay of current officers, directors and key staffLn 5$208K$0$208K$0
Other salaries and wagesLn 7$2.2M$1.9M$163K$87K
Other employee benefitsLn 9$174K$107K$57K$10K
Payroll taxesLn 10$268K$180K$80K$8K
Accounting feesLn 11c$35K$0$35K$0
Other fees for servicesLn 11g$600K$545K$36K$19K
OccupancyLn 16$325K$279K$33K$13K
InterestLn 20$17K$0$17K$0
Depreciation, depletion and amortizationLn 22$62K$59K$3K$0
InsuranceLn 23$115K$102K$8K$4K
Other expenses (24a–d)Ln 24$486K$434K$31K$21K
Total functional expensesLn 25$4.8M$3.9M$672K$162K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.0M$4.1M−$126K$179K 990 PDF
FY2023 $4.2M$4.1M$131K$306K 990 PDF
FY2022 Not on file
FY2021 $2.8M$2.5M$323K$248K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,148,715 across 9 lines filed
VIII-1c Fundraising events$125,000
VIII-1e Government grants$2,848,126
VIII-1f All other contributions, gifts and grants$1,304,752
VIII-1g Noncash contributions (included above)$1,827
VIII-1h Total contributions, gifts and grants$4,277,878
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$857,000
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $3$3
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $13,834$13,834
VIII-12 Total revenueRelated to mission $857,000 · Unrelated business $0 · Excluded from tax $13,837$5,148,715
Part IX · Statement of functional expenses $4,761,271 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $299,773$299,773
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $208,393 · Fundraising $0$208,393
IX-7 Other salaries and wagesPrograms $1,921,928 · Management $163,331 · Fundraising $87,103$2,172,362
IX-9 Other employee benefitsPrograms $106,551 · Management $57,075 · Fundraising $9,904$173,530
IX-10 Payroll taxesPrograms $179,662 · Management $79,808 · Fundraising $8,095$267,565
IX-11c Accounting feesPrograms $0 · Management $34,598 · Fundraising $0$34,598
IX-11g Other fees for servicesPrograms $544,981 · Management $36,441 · Fundraising $18,659$600,081
IX-16 OccupancyPrograms $278,972 · Management $33,227 · Fundraising $12,933$325,132
IX-20 InterestPrograms $0 · Management $17,299 · Fundraising $0$17,299
IX-22 Depreciation, depletion and amortizationPrograms $59,446 · Management $2,525 · Fundraising $0$61,971
IX-23 InsurancePrograms $102,240 · Management $8,263 · Fundraising $4,132$114,635
IX-24 Other expenses (24a–d)Programs $433,603 · Management $30,894 · Fundraising $21,435$485,932
IX-25 Total functional expensesPrograms $3,927,156 · Management $671,854 · Fundraising $162,261$4,761,271
Part X · Balance sheet $2,972,179 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $193,755$446,021
X-2 Savings and temporary cash investments$150,003
X-3 Pledges and grants receivableStart of year $339,956$517,680
X-4 Accounts receivableStart of year $312,511$241,862
X-9 Prepaid expenses and deferred chargesStart of year $38,472$37,585
X-10c Land, buildings and equipment, netStart of year $245,912$189,548
X-15 Other assetsStart of year $425,321$1,389,480
X-16 Total assetsStart of year $1,555,927$2,972,179
X-17 Accounts payable and accrued expensesStart of year $154,410$262,911
X-24 Unsecured notes and loans payableStart of year $150,000$148,694
X-25 Other liabilitiesStart of year $426,456$1,398,070
X-26 Total liabilitiesStart of year $832,353$1,861,161
X-27 Net assets without donor restrictionsStart of year $383,618$217,353
X-28 Net assets with donor restrictionsStart of year $339,956$893,665
X-32 Total net assets or fund balancesStart of year $723,574$1,111,018
X-33 Total liabilities and net assetsStart of year $1,555,927$2,972,179
Part XI · Reconciliation of net assets $1,111,018 net assets at year end
XI-1 Total revenue$5,148,715
XI-2 Total expenses$4,761,271
XI-3 Revenue less expenses$387,444
XI-4 Net assets at start of year$723,574
XI-10 Net assets at end of year$1,111,018

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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