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Bean Path EIN 82-1523381

Bean Path FY2022 filing

EIN  82-1523381 Public charity (501(c)(3)) Jackson, MS
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers individuals with tools, knowledge, and networks for STEAM careers.
Leadership
Dr Creston Burse · Deputy Director · $30K
Money in and out
$516K revenue, $650K expenses
Bottom line
67% program efficiency

Empowers individuals with tools, knowledge, and networks for STEAM careers. For fiscal year 2022 it reported $516K in revenue, $650K in expenses, and $500K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$516K
Pt VIII · Ln 12
Total expenses
$650K
Pt IX · Ln 25
Net assets
$500K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$134K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.31 Fundraising $0.02
Program efficiency
67%
of spending reaches programs
Operating runway
4.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$516K
FY2022▼ -39%
Expenses
$650K
FY2022▲ +190%
Total assets
$515K
FY2022▼ -20%
Total liabilities
$15K
FY2022▲ +50%
Total revenue
$516K
Pt VIII · Ln 12
Total expenses
$650K
Pt IX · Ln 25
Net assets
$500K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$134K
Total assetsPt X · Ln 16$515K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $436K of program spending, described in the organization's own filed words · FY2022.
01

Below are just some of the successes the organization has experienced during this YEAR.- raised over $500,000- made great connections locally and abroad with over 171 community driven programs- secured full-time and additional part-time personnel- developed processes for streaming: weekly meetings; asana board; SLACK/EMAIL communication…

$436Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBean Path
EINHdr · item D82-1523381
Principal addressHdr · item CJackson, MS
WebsiteHdr · item Jwww.beanpath.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S02)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Dr Creston Burse
Deputy Director
$30,000Pt VII · Sec A
Tonie Sephus
HR & Finance Officer
$12,736Pt VII · Sec A
Kanika Welch
Executive Director
$12,374Pt VII · Sec A
Theresa Kennedy
Board Member
$2,185Pt VII · Sec A
Xaviur Levy
Board Member
$0Pt VII · Sec A
Stephen Brown
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Nader Dabit
Board Member
$0Pt VII · Sec A

Tamika Jenkins’s $43K as Executive Director is at the 24th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 5 named individuals · Part VII

NameFY2024FY2022
Tamika Jenkins$43,269—
Dr Creston Burse$15,000$30,000
Tonie Sephus$19,831$12,736
Kanika Welch—$12,374
Theresa Kennedy—$2,185

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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Statement of Revenue

Part VIII
Contributions & grants$435K · 84%
Program service revenue$81K · 16%
Contributions & grants84%$435K
Program service revenue16%$81K
— government grantsLn 1e$347K
Total revenueLn 12$516K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.31 Fundraising $0.02
Program services67%$436K
Management & general31%$200K
Fundraising2%$14K
Total functional expensesLn 25$650K

Balance Sheet

Part X · end of year
CashLn 1$247K
Total assetsLn 16$515K
Total liabilitiesLn 26$15K
Total net assetsLn 32$500K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $247K · Operating expenses/yr $650K
4.6 months
Where the money goes
Program services
Program services $436K · Total expenses $650K
67%
Management & General
Management & general $200K · Total expenses $650K
31%
Fundraising
Fundraising $14K · Total expenses $650K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $12K · Solicited contributions (2-yr avg) $361K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $435K · Total revenue $516K
84%
Government reliance
Government grants $347K · Total revenue $516K
67%
Earned-income share
Program service revenue $81K · Total revenue $516K
16%
Investment reliance
Investment income $0 · Total revenue $516K
0%
Program self-sufficiency
Program service revenue $81K · Total expenses $650K
12%
Growth & trend
Revenue growth (YoY)
This year $516K · Prior year $848K
-39%
Net-asset trend (YoY)
End of year $500K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $516K · Expenses $650K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $515K
—
Net-asset ratio
Net assets $500K · Total assets $515K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $515K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Creston Burse · Reported title DEPUTY DIRECTOR · Highest reported compensation $30K · Total expenses $650K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $219K · Total expenses $650K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 31%——
Fundraising cost ratio 3%——
Revenue growth -39%——
Legal fee ratio 10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
C Spire Wireless FoundationFY2024$30K
Fidelity Investments Charitable Gift FundFY2024$27K
Total grants receivedfrom 2 funders$57K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$747K revenue · ⤓ 990 PDF
FY2023$676K revenue · ⤓ 990 PDF
FY2022$516K revenue · viewing · ⤓ 990 PDF
FY2021$848K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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