Beacon College INC

Tax-deductible

Leesburg, FL501(c)(3)Since 1989EIN 59-2961536

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Four-year accredited College serving students with learning disabilities & differences

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 35 volunteers and 342 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.1M a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
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: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $181K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21.6M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$41.0M
+3% vs prior year
Spent
$39.6M
To programs
84%
Net assets
$19.1M
By yearFY2020–FY2025
Revenue
$41.0M
FY2025▲ +3%
Revenue by fiscal year
FY2020$23.9M
FY2021$26.7M
FY2022$30.6M
FY2023$35.9M
FY2024$39.8M
FY2025$41.0M
Expenses
$39.6M
FY2025▲ +7%
Expenses by fiscal year
FY2020$22.5M
FY2021$25.1M
FY2022$28.5M
FY2023$32.5M
FY2024$37.0M
FY2025$39.6M
Net assets
$19.1M
FY2025▲ +7%
Net assets by fiscal year
FY2020$8.1M
FY2021$9.8M
FY2022$11.8M
FY2023$15.3M
FY2024$17.9M
FY2025$19.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1989.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $33.3M Management & general 14% · $5.7M Fundraising 2% · $634K

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

23 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$440,517Pt VII · Sec A
VP of Institutional Advancement
$180,372Pt VII · Sec A
$174,117Pt VII · Sec A
VP of Admissions & Enrollment
$171,244Pt VII · Sec A
$163,098Pt VII · Sec A
$159,520Pt VII · Sec A
Dean of Student Success
$145,862Pt VII · Sec A
VP of Student Affairs
$133,189Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr George J Hagerty$440,517$403,546$382,132$357,646$351,169$316,117
Shelly Chandler—$182,054$171,537$165,850$154,677—
Dale Herold$171,244$181,473$166,776$168,251$138,065$139,710
Brian Cobb———$181,275$103,479—
Richard Killion$180,372$159,613$141,853$133,151——
Dr Brad Hough$174,117$100,576————
Dr Brent Betit$163,098$154,381————
Dr Fred Gore$159,520$105,011————

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.

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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 15aYes

Programs and updates

Provides a four-year accredited college education for students with learning disabilities.

Provided by the organization

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1 program service account for $33.3M of program spending, described in the organization's own filed words · FY2024.
01

Beacon was founded by parents in order to make a superior higher education accessible to students with learning differences. When established in 1989, the college was granted the approval of the florida department of education to offer a focused liberal arts-based curriculum aligned specifically to the learning styles, specialized…

$33.3Mprogram 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 · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 7 grants · $43.4M · 2019–2024
Unitemized GrantFY2024$10,120,934
Unitemized GrantFY2023$9,186,818
Unitemized GrantFY2023$181,233
Unitemized GrantFY2022$7,765,997
Unitemized GrantFY2021$6,241,552
Unitemized GrantFY2020$5,444,436
Unitemized GrantFY2019$4,488,209

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$41.0M
Ln 12
Fees for servicesLn 2g$36.2M
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$405K
Money outPt IX
$39.6M
Ln 25
Programscol B$33.3M
Managementcol C$5.7M
Fundraisingcol D$634K
Owns and owesPt X
$19.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.8M
Total assetsLn 16$40.7M
LiabilitiesLn 26$21.6M
PeoplePt VI, VII
23
listed · VII A
PaidVII A9
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Noncash giftsLn 1g$629K
Fees for servicesLn 2g$36.2M
Investment incomeLn 3$405K
Other incomeLn 4–11$294K
Gains on assetsLn 7$236K
Total revenueLn 12$41.0M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$5.8M
InvestmentsLn 11–13$916K
Land, buildings, equipmentLn 10c$30.3M
Other assetsLn 15$749K
Total assetsLn 16$40.7M
LiabilitiesLn 26$21.6M
Net assetsLn 32$19.1M
OperationsPt I, VI
EmployeesI 5342
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.1M$5.8M
InvestmentsLn 11–13$1.4M$916K
Land, buildings, equipmentLn 10c$30.3M$30.3M
Total assetsLn 16$38.8M$40.7M
LiabilitiesLn 26$20.9M$21.6M
Net assetsLn 32$17.9M$19.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10.1M$10.1M
Grants and assistance to foreign recipientsLn 3$64K$64K
Pay of current officers, directors and key staffLn 5$1.5M$446K$919K$180K
Pay of disqualified personsLn 6$42K$32K$9K$714
Other salaries and wagesLn 7$10.9M$9.0M$1.6M$225K
Pension plan contributionsLn 8$320K$258K$62K
Other employee benefitsLn 9$1.4M$998K$388K
Payroll taxesLn 10$829K$647K$163K$19K
Legal feesLn 11b$106K$105K$400
Accounting feesLn 11c$78K$78K
Lobbying feesLn 11d$83K$83K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$4.8M$4.4M$317K
Advertising and promotionLn 12$734K$462K$270K$2K
Office expensesLn 13$1.1M$490K$609K$47K
Information technologyLn 14$72K$5K$57K$10K
OccupancyLn 16$2.4M$2.1M$330K$13K
TravelLn 17$409K$241K$152K$16K
Conferences, conventions and meetingsLn 19$664K$448K$183K$32K
InterestLn 20$644K$593K$50K
Depreciation, depletion and amortizationLn 22$1.7M$1.6M$176K
InsuranceLn 23$857K$795K$61K$618
Other expenses (24a–d)Ln 24$621K$555K$64K$1K
All other expensesLn 24e$26K$21K$475$4K
Total functional expensesLn 25$39.6M$33.3M$5.7M$634K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $41.0M$39.6M$1.3M$19.1M 990 PDF
FY2024 $39.8M$37.0M$2.7M$17.9M 990 PDF
FY2023 $35.9M$32.5M$3.4M$15.3M 990 PDF
FY2022 $30.6M$28.5M$2.0M$11.8M 990 PDF
FY2021 $26.7M$25.1M$1.6M$9.8M 990 PDF
FY2020 $23.9M$22.5M$1.4M$8.1M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $40,961,104 across 8 lines filed
Lines not itemized here account for $74,750 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,081,108
VIII-1g Noncash contributions (included above)$629,140
VIII-1h Total contributions, gifts and grants$4,081,108
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,181,699$36,181,699
VIII-3 Investment incomeExcluded from tax $168,206$168,206
VIII-7 Net gain or loss on sales of assetsExcluded from tax $236,366$236,366
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $218,975$218,975
VIII-12 Total revenueRelated to mission $36,181,699 · Unrelated business $0 · Excluded from tax $698,297$40,961,104
Part IX · Statement of functional expenses $39,623,164 across 24 lines filed
IX-2 Grants to domestic individualsPrograms $10,120,934$10,120,934
IX-3 Grants and assistance to foreign recipientsPrograms $64,340$64,340
IX-5 Pay of current officers, directors and key staffPrograms $446,462 · Management $918,689 · Fundraising $180,367$1,545,518
IX-6 Pay of disqualified personsPrograms $32,387 · Management $9,162 · Fundraising $714$42,263
IX-7 Other salaries and wagesPrograms $9,049,116 · Management $1,646,115 · Fundraising $225,068$10,920,299
IX-8 Pension plan contributionsPrograms $257,981 · Management $61,568$319,549
IX-9 Other employee benefitsPrograms $998,172 · Management $388,325$1,386,497
IX-10 Payroll taxesPrograms $647,471 · Management $162,614 · Fundraising $18,770$828,855
IX-11b Legal feesManagement $105,399 · Fundraising $400$105,799
IX-11c Accounting feesManagement $78,432$78,432
IX-11d Lobbying feesFundraising $83,113$83,113
IX-11f Investment management feesManagement $25,111$25,111
IX-11g Other fees for servicesPrograms $4,434,667 · Management $317,049$4,751,716
IX-12 Advertising and promotionPrograms $462,065 · Management $270,194 · Fundraising $1,812$734,071
IX-13 Office expensesPrograms $489,695 · Management $609,097 · Fundraising $47,127$1,145,919
IX-14 Information technologyPrograms $4,585 · Management $57,156 · Fundraising $10,086$71,827
IX-16 OccupancyPrograms $2,087,038 · Management $329,545 · Fundraising $12,851$2,429,434
IX-17 TravelPrograms $240,857 · Management $152,176 · Fundraising $16,250$409,283
IX-19 Conferences, conventions and meetingsPrograms $447,797 · Management $183,463 · Fundraising $32,343$663,603
IX-20 InterestPrograms $593,367 · Management $50,423$643,790
IX-22 Depreciation, depletion and amortizationPrograms $1,574,034 · Management $175,625$1,749,659
IX-23 InsurancePrograms $795,387 · Management $60,580 · Fundraising $618$856,585
IX-24 Other expenses (24a–d)Programs $555,353 · Management $64,482 · Fundraising $1,148$620,983
IX-24e All other expensesPrograms $21,424 · Management $475 · Fundraising $3,685$25,584
IX-25 Total functional expensesPrograms $33,323,132 · Management $5,665,680 · Fundraising $634,352$39,623,164
Part X · Balance sheet $40,741,397 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,311,761$2,578,219
X-2 Savings and temporary cash investmentsStart of year $1,760,368$3,267,710
X-3 Pledges and grants receivableStart of year $1,947,283$1,817,471
X-4 Accounts receivableStart of year $105,048$567,190
X-8 Inventories for sale or useStart of year $45,053$41,212
X-9 Prepaid expenses and deferred chargesStart of year $400,071$518,747
X-10c Land, buildings and equipment, netStart of year $30,345,885$30,285,789
X-11 Publicly traded securitiesStart of year $1,423,980$915,570
X-15 Other assetsStart of year $476,074$749,489
X-16 Total assetsStart of year $38,815,523$40,741,397
X-17 Accounts payable and accrued expensesStart of year $1,613,936$1,868,595
X-19 Deferred revenueStart of year $1,991,371$2,607,364
X-20 Tax-exempt bond liabilitiesStart of year $17,190,813$16,628,338
X-25 Other liabilitiesStart of year $0$272,242
X-26 Total liabilitiesStart of year $20,874,487$21,604,452
X-27 Net assets without donor restrictionsStart of year $11,974,251$12,631,702
X-28 Net assets with donor restrictionsStart of year $5,966,785$6,505,243
X-32 Total net assets or fund balancesStart of year $17,941,036$19,136,945
X-33 Total liabilities and net assetsStart of year $38,815,523$40,741,397
Part XI · Reconciliation of net assets $19,136,945 net assets at year end
XI-1 Total revenue$40,961,104
XI-2 Total expenses$39,623,164
XI-3 Revenue less expenses$1,337,940
XI-4 Net assets at start of year$17,941,036
XI-5 Net unrealized gains (losses) on investments−$86,618
XI-8 Prior period adjustments−$78,578
XI-9 Other changes in net assets$23,165
XI-10 Net assets at end of year$19,136,945

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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