Beacon State Fund FY2021 filing

Tax-deductible

Austin, TX501(c)(3)Since 1996EducationEIN 74-2786655Revenue $220K in FY2021

On file with the IRSPo Box 13354, 78711-3354 · Austin, TXTax-exempt since Aug 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The Beacon State Fund was set up to engage in activities that educate and improve civic participation of Texas citizens by promoting community leadership and volunteerism; by fostering reading and literacy; and by holding one or more conferences annually and periodic seminars or gatherings to discuss, teach, encourage, recognize, or otherwise promote community leadership, volunteerism, reading, and literacy; and to recognize outstanding dedication and contributions to these goals by all Texans, especially by women and particularly women in the public sector.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
2 of 2
filings with a surplus
Average surplus $207K a year · 43% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $28K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% 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
$220K
Spent
$169K
To programs
99%
Net assets
$193K
By yearFY2021–FY2025
Revenue
$220K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$220K
FY2022$140K
FY2023$149K
FY2024$179K
FY2025$735K
Expenses
$169K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$169K
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$373K
Net assets
$193K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$193K
FY2022$178K
FY2023$180K
FY2024$187K
FY2025$549K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
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 Aug 1997.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $168K Management & general 1% · $1K

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
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Olivia Connett’s $2 as Secretary is at the 0th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Olivia Connett$2$2$2

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 State Fund 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

Promotes Texas civic participation through leadership, volunteerism, and literacy education.

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Provided by the organization

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3 programs · $156K · in their own filed words · FY2021
01

Texas Women's Hall of Fame honors the State's most accomplished women. The biennial awards ceremony receives nominations from members of the public to recognize the achievements of women in Texas. Inductees include first ladies, teachers, astronauts, athletes and many more.

$61Kprogram expense
02

The Women-Owned Business Series is a series offered to entrepreneurs and business owners throughout the state of Texas. The series is an opportunity to listen, learn and connect with subject-matter experts and support systems to help individuals start and/or grow a business.

$57Kprogram expense
03

The women-owned business pitch competition is a part of the Women-Owned Business Series. The pitch competition provides financial assistance to women business owners throughout Texas with one winner being chosen from each region. The competition was able to assist 5 women-owned businesses and 1 junior business owner in 2021.

$38Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$28K
See all 3 funders →
Grants paid · 4 grants · $48K · 2021–2021
Unitemized GrantFY2021$23,000
Stump FarmsFY2021$7,500
Savhera PbcFY2021$7,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$220K
Ln 12
Gifts and grantsLn 1h$220K
Investment incomeLn 3$4
Money outPt IX
$169K
Ln 25
Programscol B$168K
Managementcol C$1K
Owns and owesPt X
$193K
net assets · Ln 32
Cash and savingsLn 1–2$177K
Total assetsLn 16$193K
LiabilitiesLn 26$0
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$220K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$4
Total revenueLn 12$220K
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$177K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$193K
LiabilitiesLn 26$0
Net assetsLn 32$193K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$139K$177K
InvestmentsLn 11–13$0$0
Total assetsLn 16$142K$193K
LiabilitiesLn 26$0$0
Net assetsLn 32$142K$193K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$23K$23K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$1K$1K
Information technologyLn 14$9K$9K$263
Conferences, conventions and meetingsLn 19$45K$45K
InsuranceLn 23$759$759
Other expenses (24a–d)Ln 24$51K$51K$0$0
Total functional expensesLn 25$169K$168K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $735K$373K$362K$549K 990 PDF
FY2024 $179K$187K 990 PDF
FY2023 $149K$180K 990 PDF
FY2022 $140K$178K 990 PDF
FY2021 Viewing $220K$169K$52K$193K 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 FY2021 990 (6 parts)
Part I · Summary $220,406 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $130,106$220,402
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1$4
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $130,107$220,406
I-13 Grants and similar amounts paidPrior year $0$48,032
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,251$120,536
I-18 Total expensesPrior year $17,251$168,568
I-19 Revenue less expensesPrior year $112,856$51,838
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-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $220,406 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$220,402
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$220,402
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $4 · Excluded from tax $0$4
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $4 · Excluded from tax $0$220,406
Part IX · Statement of functional expenses $168,568 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $25,032$25,032
IX-2 Grants to domestic individualsPrograms $23,000$23,000
IX-12 Advertising and promotionPrograms $12,625$12,625
IX-13 Office expensesPrograms $1,430$1,430
IX-14 Information technologyPrograms $9,215 · Management $263$9,478
IX-19 Conferences, conventions and meetingsPrograms $45,388$45,388
IX-23 InsuranceManagement $759$759
IX-24 Other expenses (24a–d)Programs $50,856 · Management $0 · Fundraising $0$50,856
IX-25 Total functional expensesPrograms $167,546 · Management $1,022 · Fundraising $0$168,568
Part X · Balance sheet $193,451 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $132,727$160,637
X-2 Savings and temporary cash investmentsStart of year $5,886$15,889
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $3,000$16,925
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $141,613$193,451
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $141,613$193,451
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $141,613$193,451
X-33 Total liabilities and net assetsStart of year $141,613$193,451
Part XI · Reconciliation of net assets $193,451 net assets at year end
XI-1 Total revenue$220,406
XI-2 Total expenses$168,568
XI-3 Revenue less expenses$51,838
XI-4 Net assets at start of year$141,613
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$193,451

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

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