Paul McBeth Foundation EIN 85-4192566

Paul McBeth Foundation FY2023 filing

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Builds and offers sustainable disc golf courses in communities lacking access. For fiscal year 2023 it reported $320K in revenue, $229K in expenses, and $449K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Brandon, FL
Website
www.paulmcbethfoundation.org
Filings
4 on file (2021–2023)
Revenue
$320KFY2023
Expenses
$229K
Net assets
$449K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-4192566 Public foundation / grantmaker Brandon, FL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds and offers sustainable disc golf courses in communities lacking access.
Leadership
Nate Heinold · Chair
Money in and out
$320K revenue, $229K expenses
Bottom line
72% program efficiency
Grants paid & assets · FY2023
Total revenue
$320K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$449K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $91K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.23 Fundraising $0.05
Program efficiency
72%
of spending reaches programs
Operating runway
23.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+28%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$320K
FY2023▼ -11%
Expenses
$229K
FY2023▲ +7%
Total assets
$456K
FY2023▲ +20%
Total liabilities
$7K
FY2023▲ +27%
Total revenue
$320K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$449K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$91K
Total assetsPt X · Ln 16$456K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $164K of program spending, described in the organization's own filed words · FY2023.
01

The paul mcbeth foundation partners with strong community leaders who can catch our vision for the opportunities and benefits disc golf can provide. We walk alongside our partners from concept to installation and are committed to providing ongoing support to each of our project partners.

$164Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPaul McBeth Foundation
EINHdr · item D85-4192566
Principal addressHdr · item CBrandon, FL
WebsiteHdr · item Jwww.paulmcbethfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJun 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$306K · 96%
Investment income$10K · 3%
Other revenue$4K · 1%
Contributions & grants96%$306K
Investment income3%$10K
Other revenue1%$4K
Total revenueLn 12$320K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.23 Fundraising $0.05
Program services72%$164K
Management & general23%$53K
Fundraising5%$12K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$54K
Total assetsLn 16$456K
Total liabilitiesLn 26$7K
Total net assetsLn 32$449K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $456K · Operating expenses/yr $229K
23.9 months
Where the money goes
Program services
Program services $164K · Total expenses $229K
72%
Management & General
Management & general $53K · Total expenses $229K
23%
Fundraising
Fundraising $12K · Total expenses $229K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $277K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $306K · Total revenue $320K
96%
Government reliance
Government grants — · Total revenue $320K
Earned-income share
Program service revenue $0 · Total revenue $320K
0%
Investment reliance
Investment income $10K · Total revenue $320K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $229K
0%
Growth & trend
Revenue growth (YoY)
This year $320K · Prior year $360K
-11%
Net-asset trend (YoY)
End of year $449K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $320K · Expenses $229K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $456K
Net-asset ratio
Net assets $449K · Total assets $456K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $402K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $456K
88%
People & payroll
Highest Reported Total Compensation
Individual Nate Heinold · Reported title CHAIR · Highest reported compensation $0 · Total expenses $229K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $81K · Total expenses $229K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 23%
Fundraising cost ratio 4%
Revenue growth -11%
Legal fee ratio 0.01%

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
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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)$407K revenue · ⤓ 990 PDF
FY2023$320K revenue · viewing · ⤓ 990 PDF
FY2022$360K revenue · ⤓ 990 PDF
FY2021$284K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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