Beacon INC FY2023 filing

Tax-deductible

Bloomington, IN501(c)(3)EducationEIN 74-3056968Revenue $2.9M in FY2023

On file with the IRSbeaconinc.org620 S Walnut St, 47401-4624 · Bloomington, INTax-exempt since Sep 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Beacon, INC. (Beacon) is an indiana not-for-profit corporation. Beacon is a social service agency serving bloomington, indiana and surrounding areas. Its principle programs involve providing meals and shelter to those in need, assisting people in obtaining necessary housing, healthcare and other social services, offering educational and self-improvement opportunities, and assisting people in obtaining employment.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$73K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
3 of 5
filings with a surplus
Average surplus $408K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $198K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
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
$2.9M
+6% vs prior year
Spent
$3.0M
To programs
83%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$2.9M
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$4.4M
FY2022$2.8M
FY2023$2.9M
FY2024$5.1M
Expenses
$3.0M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.9M
FY2022$2.7M
FY2023$3.0M
FY2024$3.2M
Net assets
$1.2M
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$597K
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$3.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2002.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.5M Management & general 7% · $211K Fundraising 9% · $278K

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

11 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$73,265Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Forrest Gilmore’s $75K as Executive Director is at the 16th percentile of top reported officer pay among 3395 $1–10M 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

NameFY2024FY2023FY2022FY2021FY2020
Forrest Gilmore$74,800$73,265$67,637$64,834$68,208

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 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 meals, shelter, housing, healthcare, education, and employment assistance to those in need.

Provided by the organization

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1 program · $2.5M · in their own filed words · FY2023
01

Shalom Center

The shalom center is beacon's day shelter and our main location, where phil's kitchen, rapid-re-housing, and street outreach all work from. Open every weekday from 8AM to 4PM, shalom provides life essentials to help people stabilize in times of need, including: day shelter, breakfast and lunch (53,437 meals served), emergency groceries…

$2.5Mprogram 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
See all 5 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.9M
Fees for servicesLn 2g$41K
Other incomeLn 4–11$14K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.5M
Managementcol C$211K
Fundraisingcol D$278K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$611K
Total assetsLn 16$1.2M
LiabilitiesLn 26$20K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$2.1M
Noncash giftsLn 1g$27K
Fundraising eventsLn 1c$152K
Fees for servicesLn 2g$41K
Investment incomeLn 3$869
Other incomeLn 4–11$14K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$592K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$611K
Land, buildings, equipmentLn 10c$552K
Other assetsLn 15$50K
Total assetsLn 16$1.2M
LiabilitiesLn 26$20K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 5100
VolunteersI 6935
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$594K$611K
Land, buildings, equipmentLn 10c$570K$552K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$20K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$81K$66K$8K$7K
Other salaries and wagesLn 7$928K$756K$97K$75K
Other employee benefitsLn 9$28K$22K$4K$2K
Payroll taxesLn 10$80K$65K$8K$6K
Accounting feesLn 11c$46K$5K$14K$28K
Other fees for servicesLn 11g$175K$17K$52K$106K
Advertising and promotionLn 12$12$12
Office expensesLn 13$20K$3K$12K$6K
Information technologyLn 14$21K$14K$5K$2K
OccupancyLn 16$81K$74K$5K$2K
TravelLn 17$7K$6K$200$153
Depreciation, depletion and amortizationLn 22$34K$29K$5K$753
InsuranceLn 23$4K$3K$197$66
Other expenses (24a–d)Ln 24$118K$74K$44K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$3.0M$2.5M$211K$278K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.1M$3.2M$1.9M$3.1M 990 PDF
FY2023 Viewing $2.9M$3.0M−$19K$1.2M 990 PDF
FY2022 $2.8M$2.7M$58K$1.2M 990 PDF
FY2021 $4.4M$3.9M$542K$1.1M 990 PDF
FY2020 $2.8M$3.3M−$416K$597K 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 FY2023 990 (6 parts)
Part I · Summary $2,936,800 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,725,703$2,881,342
I-9 Program service revenuePrior year $30,171$40,702
I-10 Investment incomePrior year $297$869
I-11 Other revenuePrior year $6,696$13,887
I-12 Total revenuePrior year $2,762,867$2,936,800
I-13 Grants and similar amounts paidPrior year $1,177,206$1,328,135
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,107,191$1,116,776
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $420,250$511,226
I-18 Total expensesPrior year $2,704,647$2,956,137
I-19 Revenue less expensesPrior year $58,220−$19,337
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $2,936,800 across 11 lines filed
VIII-1a Federated campaigns$52,049
VIII-1c Fundraising events$152,372
VIII-1e Government grants$2,085,460
VIII-1f All other contributions, gifts and grants$591,461
VIII-1g Noncash contributions (included above)$27,414
VIII-1h Total contributions, gifts and grants$2,881,342
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,702$40,702
VIII-3 Investment incomeExcluded from tax $869$869
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,887$13,887
VIII-12 Total revenueRelated to mission $40,702 · Unrelated business $0 · Excluded from tax $14,756$2,936,800
Part IX · Statement of functional expenses $2,956,137 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $1,328,135$1,328,135
IX-5 Pay of current officers, directors and key staffPrograms $65,830 · Management $8,478 · Fundraising $6,514$80,822
IX-7 Other salaries and wagesPrograms $755,763 · Management $97,335 · Fundraising $74,788$927,886
IX-9 Other employee benefitsPrograms $21,646 · Management $4,261 · Fundraising $2,143$28,050
IX-10 Payroll taxesPrograms $65,175 · Management $8,394 · Fundraising $6,449$80,018
IX-11c Accounting feesPrograms $4,567 · Management $13,545 · Fundraising $27,741$45,853
IX-11g Other fees for servicesPrograms $17,441 · Management $51,727 · Fundraising $105,942$175,110
IX-12 Advertising and promotionPrograms $12$12
IX-13 Office expensesPrograms $2,870 · Management $11,963 · Fundraising $5,619$20,452
IX-14 Information technologyPrograms $13,685 · Management $5,307 · Fundraising $1,623$20,615
IX-16 OccupancyPrograms $74,104 · Management $5,209 · Fundraising $1,736$81,049
IX-17 TravelPrograms $6,328 · Management $200 · Fundraising $153$6,681
IX-22 Depreciation, depletion and amortizationPrograms $29,098 · Management $4,524 · Fundraising $753$34,375
IX-23 InsurancePrograms $3,445 · Management $197 · Fundraising $66$3,708
IX-24 Other expenses (24a–d)Programs $73,685 · Fundraising $44,097$117,782
IX-24e All other expensesPrograms $5,589$5,589
IX-25 Total functional expensesPrograms $2,467,373 · Management $211,140 · Fundraising $277,624$2,956,137
Part X · Balance sheet $1,212,489 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $575,444$592,371
X-2 Savings and temporary cash investmentsStart of year $18,158$18,176
X-10c Land, buildings and equipment, netStart of year $569,955$552,288
X-15 Other assetsStart of year $43,429$49,654
X-16 Total assetsStart of year $1,206,986$1,212,489
X-17 Accounts payable and accrued expensesStart of year $0$19,990
X-26 Total liabilitiesStart of year $0$19,990
X-27 Net assets without donor restrictionsStart of year $1,180,270$1,122,195
X-28 Net assets with donor restrictionsStart of year $26,716$70,304
X-32 Total net assets or fund balancesStart of year $1,206,986$1,192,499
X-33 Total liabilities and net assetsStart of year $1,206,986$1,212,489
Part XI · Reconciliation of net assets $1,192,499 net assets at year end
XI-1 Total revenue$2,936,800
XI-2 Total expenses$2,956,137
XI-3 Revenue less expenses−$19,337
XI-4 Net assets at start of year$1,206,986
XI-9 Other changes in net assets$4,850
XI-10 Net assets at end of year$1,192,499

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

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