philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Beam Foundation

Tax-deductible

Charlotte, NC501(c)(3)Since 1997Education EIN 56-2012602Revenue $245K in FY2023Latest return filed Jul 22, 2026

On file with the IRSCharlotte, NCTax-exempt since Aug 1997Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

To promote community service, leadership development, and educational opportunities to high-risk youth and adults in special situations.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2012602) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 26 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $2K a year · 0.8% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
4.1 mo
of spending, in cash
4.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $34K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$354K
53% of total assets
Liabilities are 53% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$245K
+22% vs prior year
Spent
$226K
To programs
98%
Net assets
$316K
By yearFY2020–FY2023
Revenue
$245K
FY2023▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$92K
FY2021$182K
FY2022$201K
FY2023$245K
Expenses
$226K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$216K
FY2023$226K
Net assets
$316K
FY2023▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$224K
FY2021$238K
FY2022$222K
FY2023$316K

From the FY2023 Form 990 · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 1997.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $223K Management & general 2% · $4K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Dr Tamara Hanna
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Fred Hudson
Treasurer
$0Pt VII · Sec A
See Beam Foundation executive salaries →

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

Empowers at-risk youth and adults through service, leadership, and education.

Questions for Beam Foundation

Tap to ask. Beam Foundation sees how many people are interested.

Your first name shows with your question. Beam Foundation answers here, for everyone.

1 program · $223K · in their own filed words · FY2023
01

To promote community service, leadership development, and educational opportunities to high-risk youth and adults in special situations while maintaining a special emphasis on reaching out to young minority males

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-2012602) · Dispute this line
$223Kprogram 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 · FY2024
American Online Giving Foundation INCFY2024$34K
Total grants receivedfrom 1 funder$34K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$245K
Ln 12
Gifts and grantsLn 1h$245K
Investment incomeLn 3$54
Money outPt IX
$226K
Ln 25
Programscol B$223K
Managementcol C$4K
Owns and owesPt X
$316K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$670K
LiabilitiesLn 26$354K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$245K
Investment incomeLn 3$54
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$77K
Cash and savings togetherLn 1–2$77K
Land, buildings, equipmentLn 10c$594K
Total assetsLn 16$670K
LiabilitiesLn 26$354K
Net assetsLn 32$316K
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$72K$77K
Land, buildings, equipmentLn 10c$151K$594K
Total assetsLn 16$223K$670K
LiabilitiesLn 26$680$354K
Net assetsLn 32$222K$316K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$108K$108K
Accounting feesLn 11c$4K$0$4K$0
Office expensesLn 13$358$358$0$0
OccupancyLn 16$6K$6K$0$0
InterestLn 20$22K$22K$0$0
Depreciation, depletion and amortizationLn 22$42K$42K$0$0
InsuranceLn 23$4K$4K$0$0
Other expenses (24a–d)Ln 24$39K$39K$0$0
Total functional expensesLn 25$226K$223K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Jul 22, 2026 $245K$226K$19K$316K 990 PDF
FY2022Filed with the IRS Sep 25, 2023 $201K$216K−$16K$222K 990 PDF
FY2021Filed with the IRS Sep 11, 2022 $182K$238K 990 PDF
FY2020Filed with the IRS Oct 27, 2021 $92K$224K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $245,064 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $200,616$245,010
I-9 Program service revenue$0
I-10 Investment incomePrior year $30$54
I-11 Other revenue$0
I-12 Total revenuePrior year $200,646$245,064
I-13 Grants and similar amounts paidPrior year $96,427$108,055
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $119,782$118,008
I-18 Total expensesPrior year $216,209$226,063
I-19 Revenue less expensesPrior year −$15,563$19,001
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $245,064 across 4 lines filed
VIII-1f All other contributions, gifts and grants$245,010
VIII-1h Total contributions, gifts and grants$245,010
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$54
VIII-12 Total revenueRelated to mission $54 · Unrelated business $0 · Excluded from tax $0$245,064
Part IX · Statement of functional expenses $226,063 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $108,055$108,055
IX-11c Accounting feesPrograms $0 · Management $3,525 · Fundraising $0$3,525
IX-13 Office expensesPrograms $358 · Management $0 · Fundraising $0$358
IX-16 OccupancyPrograms $5,945 · Management $0 · Fundraising $0$5,945
IX-20 InterestPrograms $22,283 · Management $0 · Fundraising $0$22,283
IX-22 Depreciation, depletion and amortizationPrograms $42,464 · Management $0 · Fundraising $0$42,464
IX-23 InsurancePrograms $4,004 · Management $0 · Fundraising $0$4,004
IX-24 Other expenses (24a–d)Programs $39,429 · Management $0 · Fundraising $0$39,429
IX-25 Total functional expensesPrograms $222,538 · Management $3,525 · Fundraising $0$226,063
Part X · Balance sheet $670,161 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $71,843$76,560
X-10c Land, buildings and equipment, netStart of year $151,250$593,601
X-16 Total assetsStart of year $223,093$670,161
X-17 Accounts payable and accrued expensesStart of year $680−$32,821
X-23 Secured mortgages and notes payable$386,753
X-26 Total liabilitiesStart of year $680$353,932
X-27 Net assets without donor restrictionsStart of year $222,413$316,229
X-32 Total net assets or fund balancesStart of year $222,413$316,229
X-33 Total liabilities and net assetsStart of year $223,093$670,161
Part XI · Reconciliation of net assets $316,229 net assets at year end
XI-1 Total revenue$245,064
XI-2 Total expenses$226,063
XI-3 Revenue less expenses$19,001
XI-4 Net assets at start of year$222,413
XI-9 Other changes in net assets$74,815
XI-10 Net assets at end of year$316,229

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.