Project Beacon EIN 87-2278608

Project Beacon

EIN  87-2278608 Public charity (501(c)(3)) Conroe, TX
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Project Beacon claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Fosters belonging for neurodivergent adults through play, learning, work, and community living.
Leadership
Kelly Baughman · Executive Director, Co-Founder · $100K
Money in and out
$759K revenue, $313K expenses
Bottom line
10% program efficiency

Fosters belonging for neurodivergent adults through play, learning, work, and community living. For fiscal year 2024 it reported $759K in revenue, $313K in expenses, and $731K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$759K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$731K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $446K
Where spending went · Part IX cols B–D
Program services $0.10 Management & general $0.90
Program efficiency
10%
of spending reaches programs
Operating runway
30.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+59%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$759K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$731K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$446K
Total assetsPt X · Ln 16$739K
Program-expense ratioPt IX · col B10%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2024.
01

Project beacon established a strategic partnership with inspire ND which was able to enhance and accelerate the services available to neurodiverse adults in our community. Project beacon secured a space to establish the beacon access center which will be a transofrmational hub to support adults across the autism spectrum.

$31Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Beacon
EINHdr · item D87-2278608
Principal addressHdr · item CConroe, TX
WebsiteHdr · item Jprojectbeacontx.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L24)
Ruling yearIRS BMFJul 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
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
Executive Director, Co-Founder
$100,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President, Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President, Co-Founder
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kelly Baughman’s $100K as Executive Director, Co-Founder is at the 84th percentile of top reported officer pay among 849 $100K–1M housing 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.

See Project Beacon executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$404K · 53%
Other revenue$325K · 43%
Program service revenue$12K · 2%
Investment income$18K · 2%
Contributions & grants53%$404K
Other revenue43%$325K
Program service revenue2%$12K
Investment income2%$18K
Total revenueLn 12$759K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.10 Management & general $0.90
Program services10%$31K
Management & general90%$282K
Total functional expensesLn 25$313K

Balance Sheet

Part X · end of year
CashLn 1$725K
Total assetsLn 16$739K
Total liabilitiesLn 26$8K
Total net assetsLn 32$731K
Months of cash on handcomputed27.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $725K · Operating expenses (Pt IX) $313K · Less non-cash grants $26K · Cash operating expenses/yr $287K
30.3 months
Where the money goes
Program services
Program services $31K · Total expenses $313K
10%
Management & General
Management & general $282K · Total expenses $313K
90%
Fundraising
Fundraising $0 · Total expenses $313K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $404K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $404K · Total revenue $759K
53%
Government reliance
Government grants — · Total revenue $759K
Earned-income share
Program service revenue $12K · Total revenue $759K
2%
Investment reliance
Investment income $18K · Total revenue $759K
+2%
Program self-sufficiency
Program service revenue $12K · Total expenses $313K
4%
Growth & trend
Revenue growth (YoY)
This year $759K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $731K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $759K · Expenses $313K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $739K
Net-asset ratio
Net assets $731K · Total assets $739K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $739K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelly Baughman · Reported title EXECUTIVE DIRECTOR, CO-FOUNDER · Highest reported compensation $100K · Total expenses $313K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $313K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 10%
Overhead ratio 90%
Fundraising cost ratio 0%
Legal fee ratio 3%
Accounting fee ratio 2%

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 · FY2025
Total grants receivedfrom 1 funder$26K

Similar Organizations

Closest in mission — by what they do
See all organizations like Project Beacon →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$759K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.