Beacon College INC FY2021 filing

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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.
$836K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
$836K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $1.9M in investments.
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
$22.1M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.7M
+12% vs prior year
Spent
$25.1M
To programs
84%
Net assets
$9.8M
By yearFY2020–FY2025
Revenue
$26.7M
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.9M
FY2021$26.7M
FY2022$30.6M
FY2023$35.9M
FY2024$39.8M
FY2025$41.0M
Expenses
$25.1M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$22.5M
FY2021$25.1M
FY2022$28.5M
FY2023$32.5M
FY2024$37.0M
FY2025$39.6M
Net assets
$9.8M
FY2021▲ +21%
Tap a bar for its year
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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% · $21.1M Management & general 14% · $3.6M Fundraising 1% · $337K

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

18 people listed on the 990; $836K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$351,169Pt VII · Sec A
$154,677Pt VII · Sec A
VP of Adminssions & Enrollment Mgmt
$138,065Pt VII · Sec A
VP Finance & Admin/CFO
$103,479Pt VII · Sec A
$88,260Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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.

See Beacon College 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 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $21.1M · in their own filed words · FY2020
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…

$21.1Mprogram 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 · 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$26.7M
Ln 12
Fees for servicesLn 2g$23.9M
Gifts and grantsLn 1h$2.7M
Other incomeLn 4–11$64K
Money outPt IX
$25.1M
Ln 25
Programscol B$21.1M
Managementcol C$3.6M
Fundraisingcol D$337K
Owns and owesPt X
$9.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$31.9M
LiabilitiesLn 26$22.1M
PeoplePt VI, VII
18
listed · VII A
PaidVII A5
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$23.9M
Investment incomeLn 3$30K
Other incomeLn 4–11$64K
Gains on assetsLn 7$4K
Total revenueLn 12$26.7M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$6K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$26.9M
Other assetsLn 15$311K
Total assetsLn 16$31.9M
LiabilitiesLn 26$22.1M
Net assetsLn 32$9.8M
OperationsPt I, VI
EmployeesI 5342
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$17.7M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$20.1M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$34K
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$121K$99K$101K$92K$84K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.8M$1.5M
InvestmentsLn 11–13$1.5M$1.9M
Land, buildings, equipmentLn 10c$23.1M$26.9M
Total assetsLn 16$29.7M$31.9M
LiabilitiesLn 26$21.6M$22.1M
Net assetsLn 32$8.1M$9.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.4M$5.4M
Grants and assistance to foreign recipientsLn 3$34K$34K
Pay of current officers, directors and key staffLn 5$1.0M$182K$646K$217K
Other salaries and wagesLn 7$6.9M$6.0M$907K
Pension plan contributionsLn 8$364K$197K$167K
Other employee benefitsLn 9$1.2M$1.1M$104K
Payroll taxesLn 10$575K$417K$145K$13K
Legal feesLn 11b$182K$117K$65K
Accounting feesLn 11c$63K$63K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$3.1M$2.8M$303K$21K
Advertising and promotionLn 12$581K$513K$42K$26K
Office expensesLn 13$238K$3K$225K$9K
Information technologyLn 14$219K$184K$36K
OccupancyLn 16$1.2M$1.1M$60K
TravelLn 17$35K$14K$20K$942
Conferences, conventions and meetingsLn 19$117K$53K$64K$1K
InterestLn 20$626K$598K$28K
Depreciation, depletion and amortizationLn 22$1.0M$960K$78K
InsuranceLn 23$294K$281K$12K
Other expenses (24a–d)Ln 24$1.3M$921K$400K$28K
All other expensesLn 24e$394K$172K$201K$21K
Total functional expensesLn 25$25.1M$21.1M$3.6M$337K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 24, 2026 $41.0M$39.6M$1.3M$19.1M 990 PDF
FY2024Filed with the IRS May 7, 2025 $39.8M$37.0M$2.7M$17.9M 990 PDF
FY2023Filed with the IRS May 13, 2024 $35.9M$32.5M$3.4M$15.3M 990 PDF
FY2022Filed with the IRS May 11, 2023 $30.6M$28.5M$2.0M$11.8M 990 PDF
FY2021 ViewingFiled with the IRS Feb 24, 2022 $26.7M$25.1M$1.6M$9.8M 990 PDF
FY2020Filed with the IRS May 16, 2021 $23.9M$22.5M$1.4M$8.1M 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 F · Foreign J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $26,689,160 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,769,297$2,673,487
I-9 Program service revenuePrior year $21,025,786$23,922,206
I-10 Investment incomePrior year $19,403$29,966
I-11 Other revenuePrior year $110,467$63,501
I-12 Total revenuePrior year $23,924,953$26,689,160
I-13 Grants and similar amounts paidPrior year $4,518,325$5,478,436
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,672,644$10,129,533
I-16a Professional fundraising feesPrior year $58,825$0
I-17 Other expensesPrior year $8,249,647$9,446,186
I-18 Total expensesPrior year $22,499,441$25,054,155
I-19 Revenue less expensesPrior year $1,425,512$1,635,005
Part VI · Governance 11 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $26,689,160 across 9 lines filed
Lines not itemized here account for $32,265 of total revenue; see the IRS return.
VIII-1e Government grants$1,414,012
VIII-1f All other contributions, gifts and grants$1,259,475
VIII-1g Noncash contributions (included above)$1,540
VIII-1h Total contributions, gifts and grants$2,673,487
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,922,206$23,922,206
VIII-3 Investment incomeExcluded from tax $25,594$25,594
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,372$4,372
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,236$31,236
VIII-12 Total revenueRelated to mission $23,985,707 · Unrelated business $0 · Excluded from tax $29,966$26,689,160
Part IX · Statement of functional expenses $25,054,155 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $5,444,436$5,444,436
IX-3 Grants and assistance to foreign recipientsPrograms $34,000$34,000
IX-5 Pay of current officers, directors and key staffPrograms $182,466 · Management $645,683 · Fundraising $217,433$1,045,582
IX-7 Other salaries and wagesPrograms $6,034,640 · Management $906,722$6,941,362
IX-8 Pension plan contributionsPrograms $197,264 · Management $166,684$363,948
IX-9 Other employee benefitsPrograms $1,099,143 · Management $104,471$1,203,614
IX-10 Payroll taxesPrograms $417,078 · Management $145,001 · Fundraising $12,948$575,027
IX-11b Legal feesPrograms $117,164 · Management $64,531$181,695
IX-11c Accounting feesManagement $62,588$62,588
IX-11f Investment management feesManagement $14,799$14,799
IX-11g Other fees for servicesPrograms $2,772,096 · Management $303,402 · Fundraising $21,268$3,096,766
IX-12 Advertising and promotionPrograms $512,912 · Management $42,487 · Fundraising $25,843$581,242
IX-13 Office expensesPrograms $3,362 · Management $225,173 · Fundraising $9,037$237,572
IX-14 Information technologyPrograms $183,528 · Management $35,602$219,130
IX-16 OccupancyPrograms $1,139,165 · Management $60,112$1,199,277
IX-17 TravelPrograms $14,229 · Management $20,187 · Fundraising $942$35,358
IX-19 Conferences, conventions and meetingsPrograms $52,673 · Management $63,550 · Fundraising $1,000$117,223
IX-20 InterestPrograms $597,821 · Management $28,282$626,103
IX-22 Depreciation, depletion and amortizationPrograms $960,160 · Management $77,622$1,037,782
IX-23 InsurancePrograms $281,312 · Management $12,392$293,704
IX-24 Other expenses (24a–d)Programs $920,821 · Management $400,361 · Fundraising $28,184$1,349,366
IX-24e All other expensesPrograms $171,713 · Management $201,312 · Fundraising $20,556$393,581
IX-25 Total functional expensesPrograms $21,135,983 · Management $3,580,961 · Fundraising $337,211$25,054,155
Part X · Balance sheet $31,945,680 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $2,032,490$1,491,737
X-2 Savings and temporary cash investmentsStart of year $1,803,428$6,228
X-3 Pledges and grants receivableStart of year $416,903$654,764
X-4 Accounts receivableStart of year $591,467$386,630
X-8 Inventories for sale or useStart of year $38,286$82,226
X-9 Prepaid expenses and deferred chargesStart of year $186,226$235,036
X-10c Land, buildings and equipment, netStart of year $23,077,557$26,874,379
X-11 Publicly traded securitiesStart of year $1,321,534$1,700,816
X-12 Other securitiesStart of year $160,297$202,664
X-15 Other assetsStart of year $36,904$311,200
X-16 Total assetsStart of year $29,665,092$31,945,680
X-17 Accounts payable and accrued expensesStart of year $1,372,875$1,444,083
X-19 Deferred revenueStart of year $1,656,955$2,517,504
X-20 Tax-exempt bond liabilitiesStart of year $16,880,506$17,744,635
X-24 Unsecured notes and loans payableStart of year $377,734$0
X-25 Other liabilitiesStart of year $810,367$0
X-26 Total liabilitiesStart of year $21,567,028$22,122,364
X-27 Net assets without donor restrictionsStart of year $6,976,007$8,362,446
X-28 Net assets with donor restrictionsStart of year $1,122,057$1,460,870
X-32 Total net assets or fund balancesStart of year $8,098,064$9,823,316
X-33 Total liabilities and net assetsStart of year $29,665,092$31,945,680
Part XI · Reconciliation of net assets $9,823,316 net assets at year end
XI-1 Total revenue$26,689,160
XI-2 Total expenses$25,054,155
XI-3 Revenue less expenses$1,635,005
XI-4 Net assets at start of year$8,098,064
XI-5 Net unrealized gains (losses) on investments$72,449
XI-9 Other changes in net assets$17,798
XI-10 Net assets at end of year$9,823,316

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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