Civic Intelligence

Beacon Communities Charitable Fund Inc.

990 • Fiscal year 2017 • EIN 30-0795887

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

Two Center Plaza No 700Boston, MA 02108

(617) 574-1100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.91x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.23x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

40th percentile

0.1%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

5th percentile

-34%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$133,935

Down $69,857 (-34%) from 2016

Net Assets

Up

$11,468

Up $12,721 (+1015%) from 2016

Liabilities

Down

$122,467

Down $82,578 (-40%) from 2016

Revenue

Down

$526,699

Down $93,432 (-15%) from 2016

Expenses

Down

$526,023

Down $95,361 (-15%) from 2016

Net Income

Up

$676

Up $1,929 (+154%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2015: $82,418Liabilities 2015: $82,418Net Assets 2015: $02015Assets 2016: $203,792Liabilities 2016: $205,045Net Assets 2016: -$1,2532016Assets 2017: $133,935Liabilities 2017: $122,467Net Assets 2017: $11,4682017Assets 2018: $152,841Liabilities 2018: $141,373Net Assets 2018: $11,4682018Assets 2019: $145,962Liabilities 2019: $134,494Net Assets 2019: $11,4682019Assets 2020: $307,457Liabilities 2020: $181,395Net Assets 2020: $126,0622020Assets 2021: $197,977Liabilities 2021: $71,915Net Assets 2021: $126,0622021Assets 2022: $419,763Liabilities 2022: $229,485Net Assets 2022: $190,2782022Assets 2023: $419,693Liabilities 2023: $55,860Net Assets 2023: $363,8332023Assets 2024: $661,367Liabilities 2024: $58,525Net Assets 2024: $602,8422024Assets 2025: $777,655Liabilities 2025: $87,618Net Assets 2025: $690,0372025

Highlighted filing

2017

Assets$133,935
Liabilities$122,467
Net Assets$11,468

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $184,800Expenses 2015: $184,800Net Income 2015: $02015Revenue 2016: $620,131Expenses 2016: $621,384Net Income 2016: -$1,2532016Revenue 2017: $526,699Expenses 2017: $526,023Net Income 2017: $6762017Revenue 2018: $400,100Expenses 2018: $400,100Net Income 2018: $02018Revenue 2019: $387,789Expenses 2019: $387,789Net Income 2019: $02019Revenue 2020: $656,753Expenses 2020: $542,159Net Income 2020: $114,5942020Revenue 2021: $547,030Expenses 2021: $547,030Net Income 2021: $02021Revenue 2022: $726,878Expenses 2022: $662,662Net Income 2022: $64,2162022Revenue 2023: $657,310Expenses 2023: $483,755Net Income 2023: $173,5552023Revenue 2024: $881,940Expenses 2024: $615,122Net Income 2024: $266,8182024Revenue 2025: $748,864Expenses 2025: $661,669Net Income 2025: $87,1952025

Highlighted filing

2017

Revenue$526,699
Expenses$526,023
Net Income$676
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$526,699
Mission and Program Overview

Mission

The organization was formed for exclusively charitable purposes including, as stated in its formation document, "(a) to raise funds to support quality of life initiatives through wellness, educational, social, and supportive services and programs that directly benefit low-income individuals, youth, children, families, seniors and disabled persons living in affordable housing developments and members of the communities in which those developments are located; and/or (b) to oberate or provide driectly such programs and services."

The organization was formed for exclusively charitable purposes including, as stated in its formation document, "(a) to raise funds to support quality of life initiatives through wellness, educational, social, and supportive services and programs that directly benefit low-income individuals, youth, children, families, seniors and disabled persons living in affordable housing developments and members of the communities in which those developments are located; and/or (b) to operate or provide directly such programs and services."

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$45,989$88,352▲ $42,363
Accounts Receivable$117,746$38,456▼ $79,290
Prepaid Expenses and Deferred Charges$409$4,138▲ $3,729
Cash and Non-Interest-Bearing Accounts$33,808$2,989▼ $30,819
Total Assets$197,952$133,935▼ $64,017
Liabilities
Accounts Payable and Accrued Expenses$109,117$69,515▼ $39,602
Other Liabilities$78,043$52,952▼ $25,091
Total Liabilities$187,160$122,467▼ $64,693
Net Assets / Fund Balance
Unrestricted Net Assets$-708$7,468▲ $8,176
Temporarily Rstr Net Assets$11,500$4,000▼ $7,500
Total Net Assets Fund Balance$10,792$11,468▲ $676
Total Liabilities and Net Assets / Fund Balance$197,952$133,935▼ $64,017
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pamela Goodmanchair of board
Carrie Rankindirector
Liam Kerrdirector
Milagros Penadirector
judith kurlanddirector
peter scottdirector
scott fersondirector
thaddeus milesdirector
Sarah BoehsAsst. General Counsel
Thomas StokesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$110,421
Program Service Revenue
$416,001
Investment Income
$0
Other Revenue
$277
All Other Contributions
$110,421
Change in Net Assets
$676

Audited Revenue Reconciliation

Revenue per Audited Statements
$526,699
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$266,358
Total Revenue per Audited Statements
$793,057
Total Revenue per Form 990
$526,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$526,023
Total Fundraising Expense$4,613
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$38,024-$38,024
Occupancy$25,255$2,806-$28,061
Office Expenses$4,953$12,110-$17,063
Other Expenses$53,325$12,185-$12,185
All Other Expenses-$90$4,613$4,703
Insurance-$1,632-$1,632
Interest-$458-$458
Fees for Services Legal-$451-$451
Total Functional Expenses$447,728$73,682$4,613$526,023

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$792,381
Expenses per Audited Statements$526,023
Total Expenses per Form 990$526,023
Expenses Not Reported on Form 990$266,358
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$52,952
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The board reviews the 990 prior to filing.

Form 990, Part VI, Section B, line 12C

All board members adhere to a conflict of interest policy annually.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy and tax returns are available upon request. The tax returns are also available online through the massachusetts attorney generals office.

Filing and Contact Details

Filer

Filer Name
Beacon Communities Charitable Fund Inc
EIN
30-0795887
Phone
6175741100
Address
Two Center Plaza No 700, Boston, MA 02108

Signing Officer

Name
Pamela goodman
Title
President & Treasurer
Phone
6175741100
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Goodman
Formed
2013
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
6

Preparer

Firm
Cohnreznick Llp
Address
ONE BOSTON PLACE SUITE 500, BOSTON, MA 02108
Preparer
Edward Mcneil
Phone
6176481400
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition in the financial statements. Management does not believe its evaluation of tax positions will significantly change within 12 months of June 30, 2017. Any changes in tax positions will be recorded when the ultimate outcome becomes known. Accrued interest and penalties associated with uncertain tax positions, if any, are recognized as a part of interest expense and miscellaneous other expenses, respectively, in the accompanying statement of activities. The Fund has no accrued interest and penalties associated with uncertain tax positions at June 30, 2017 or 2016 and none were incurred during the year then ended. The Fund's income tax returns are subject to examination by taxing authorities generally for the three years preceding the year ended June 30, 2017.

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0676
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0416278
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0miscellaneous - 2014 Amount: $ 5,092. 2015 Amount: $ 308. 2016 Amount: $ 277.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0110421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0210878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0168023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0489322
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt023136
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023136
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0491474
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0277
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0308
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05092
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05677
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0356187
IRS990ScheduleA/SubstantialContributorsTotAmt0133135
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0110421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0210878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0168023
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0489322
IRS990ScheduleA/TotalSupportAmt0518135
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0266358
IRS990ScheduleD/DonatedServicesUseFcltsAmt0266358
IRS990ScheduleD/ExpensesNotReportedAmt0266358
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0526023
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052952
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt0266358
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0526699
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition in the financial statements. Management does not believe its evaluation of tax positions will significantly change within 12 months of June 30, 2017. Any changes in tax positions will be recorded when the ultimate outcome becomes known. Accrued interest and penalties associated with uncertain tax positions, if any, are recognized as a part of interest expense and miscellaneous other expenses, respectively, in the accompanying statement of activities. The Fund has no accrued interest and penalties associated with uncertain tax positions at June 30, 2017 or 2016 and none were incurred during the year then ended. The Fund's income tax returns are subject to examination by taxing authorities generally for the three years preceding the year ended June 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0526023
IRS990ScheduleD/TotalLiabilityAmt052952
IRS990ScheduleD/TotalRevenuePerForm990Amt0526699
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0793057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0792381
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ADHERE TO A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND TAX RETURNS ARE AVAILABLE UPON REQUEST. THE TAX RETURNS ARE ALSO AVAILABLE ONLINE THROUGH THE MASSACHUSETTS ATTORNEY GENERALS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt011500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0197952
IRS990/TotalAssetsEOYAmt0133935
IRS990/TotalAssetsGrp/BOYAmt0197952
IRS990/TotalAssetsGrp/EOYAmt0133935
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0110421
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04613
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073682
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0447728
IRS990/TotalFunctionalExpensesGrp/TotalAmt0526023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0187160
IRS990/TotalLiabilitiesEOYAmt0122467
IRS990/TotalLiabilitiesGrp/BOYAmt0187160
IRS990/TotalLiabilitiesGrp/EOYAmt0122467
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010792
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011468
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0447728
IRS990/TotalProgramServiceRevenueAmt0416001
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0416278
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0526699
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0197952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0133935
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-708
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07468
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Two Center Plaza No 700
IRS990/USAddress/CityNm0Boston
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002108
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0BEACONCOMMUNITIESLLC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Pamela goodman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06175741100
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Beacon Communities Charitable Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0BEAC
ReturnHeader/Filer/EIN0300795887
ReturnHeader/Filer/PhoneNum06175741100
ReturnHeader/Filer/USAddress/AddressLine1Txt0Two Center Plaza No 700
ReturnHeader/Filer/USAddress/CityNm0Boston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002108
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId090CC17281F34CD083B051E620E31C1B2A26173FC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.3.217.20
ReturnHeader/FilingSecurityInformation/IPDt02018-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:55:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BOSTON PLACE SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON

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