Beygood Foundation EIN 87-3502092

Beygood Foundation

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Promotes economic equity by funding organizations that support marginalized communities and providing charitable grants for education and disaster relief to individuals in need. For fiscal year 2024 it reported $3.2M in revenue, $5.3M in expenses, and $39.3M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Beverly Hills, CA
Website
www.beygood.org
Filings
3 on file (2022–2024)
Revenue
$3.2MFY2024
Expenses
$5.3M
Net assets
$39.3M
People
12
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-3502092 Public foundation / grantmaker Beverly Hills, CA
Form 990 (PDF)
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Figures match the IRS filing checked 8/30/26 · see original: IRS
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Size
$1–10M
What they do
Promotes economic equity by funding organizations that support marginalized communities and providing charitable grants for education and disaster relief to individuals in need.
Leadership
Ivy McGregor Left November 2024 · Executive Director · $417K
Money in and out
$3.2M revenue, $5.3M expenses
Bottom line
79% program efficiency
Grants paid & assets · FY2024
Total revenue
$3.2M
Pt VIII · Ln 12
Total expenses
$5.3M
Pt IX · Ln 25
Net assets
$39.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.2M
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.16 Fundraising $0.05
Program efficiency
79%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
90.0mo
months of highly liquid reserves at operating expense rate▲ +11% vs prior filing year
Surplus margin
-69%
revenue over expenses, this year▼ -383% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$3.2M
FY2024▼ -41%
Expenses
$5.3M
FY2024▼ -13%
Total assets
$40.1M
FY2024▼ -4%
Total liabilities
$797K
FY2024▼ -16%
Total revenue
$3.2M
Pt VIII · Ln 12
Total expenses
$5.3M
Pt IX · Ln 25
Net assets
$39.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.2M
Total assetsPt X · Ln 16$40.1M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $4.3M of program spending, described in the organization's own filed words · FY2024.
01

Charitable giving program serving educational purposes and those in need or in distress.

$4.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBeygood Foundation
EINHdr · item D87-3502092
Principal addressHdr · item CBeverly Hills, CA
WebsiteHdr · item Jwww.beygood.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$417,473Pt VII · Sec A
$127,734Pt VII · Sec A
Digital Editorial Content Manager
$107,379Pt VII · Sec A
Program Director
$100,324Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ivy McGregor Left November 2024’s $417K as Executive Director is at the 99th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022
Ivy McGregor Left November 2024$417,473
Ivy McGregor$265,370$106,250
Jennifer Leger$157,665
Lasaunda Tate$127,734
Allana Barefield$107,379
Milan Schure$100,324

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
Investment income$2.0M · 63%
Contributions & grants$1.2M · 37%
Investment income63%$2.0M
Contributions & grants37%$1.2M
Other revenue$3K
Total revenueLn 12$3.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.16 Fundraising $0.05
Program services79%$4.3M
Management & general16%$848K
Fundraising5%$248K
Total functional expensesLn 25$5.3M

Balance Sheet

Part X · end of year
CashLn 1$21.1M
Total assetsLn 16$40.1M
Total liabilitiesLn 26$797K
Total net assetsLn 32$39.3M
Months of cash on handcomputed47.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $39.4M · Operating expenses (Pt IX) $5.3M · Less non-cash grants $96K · Cash operating expenses/yr $5.3M
90.0 months
Where the money goes
Program services
Program services $4.3M · Total expenses $5.3M
79%
Management & General
Management & general $848K · Total expenses $5.3M
16%
Fundraising
Fundraising $248K · Total expenses $5.3M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $99K · Solicited contributions (3-yr avg) $16.1M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $3.2M
37%
Government reliance
Government grants — · Total revenue $3.2M
Earned-income share
Program service revenue $0 · Total revenue $3.2M
0%
Investment reliance
Investment income $2.0M · Total revenue $3.2M
+63%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.3M
0%
Growth & trend
Revenue growth (YoY)
This year $3.2M · Prior year $5.4M
-41%
Net-asset trend (YoY)
End of year $39.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.2M · Expenses $5.3M
-69%
Liabilities-to-Assets
Total liabilities — · Total assets $40.1M
Net-asset ratio
Net assets $39.3M · Total assets $40.1M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $18.3M · Total assets (Pt X, ln 16) $40.1M
46%
People & payroll
Highest Reported Total Compensation
Individual Ivy McGregor Left November 2024 · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $417K · Total expenses $5.3M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $5.3M
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 16%
Fundraising cost ratio 21%
Revenue growth -41%
Legal fee ratio 0.8%
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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$500K
Grants paid · 180 grants · $5.2M · 2023–2024
Private School AxisCA · FY2024$250,000
Reggie Stephens FoundationCA · FY2024$200,000
National Minority Supplier Development CouncilFY2024$170,000
University of Houston Law Center Criminal Justice ClinicFY2024$100,000
Texas Southern University FoundationFY2024$100,000
Hollyrod FoundationFY2024$100,000
Friends United for Hbcus INCTX · FY2024$100,000
Angel by NatureTX · FY2024$100,000
Universal College of Beauty INCFY2024$50,000
Trenz Beauty AcademyFY2024$50,000
Janas Cosmetology AcademyFY2024$50,000
Franklin InstituteFY2024$50,000
Beaver Beauty AcademyFY2024$50,000
Beloved AshevilleNC · FY2024$25,150
Urban SaddlesCA · FY2024$25,000
See all 180 grants →

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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)$3.2M revenue · viewing · ⤓ 990 PDF
FY2023$5.4M revenue · ⤓ 990 PDF
FY2022$43.6M revenue · ⤓ 990 PDF

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Sources

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