Civic Intelligence

The Beacon Foundation Inc a Non-Profit Corporation

990 • Fiscal year 2023 • EIN 41-1939919

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

Organization ProfileWWW.BEACONFOUNDATION.ORG
PO Box 16186St Paul, MN 55116

(651) 245-2441

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-1264%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

26th percentile

-16%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-20%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$328,560

Down $61,081 (-16%) from 2022

Net Assets

Down

$328,560

Down $61,081 (-16%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin1st percentile

Revenue

Down

$4,832

Down $1,190 (-20%) from 2022

Expenses

Up

$65,913

Up $20,804 (+46%) from 2022

Net Income

Down

-$61,081

Down $21,994 (-56%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$600K$400K$200K$0Assets 2011: $385,552Liabilities 2011: $1,0852011Assets 2012: $431,825Liabilities 2012: $02012Assets 2013: $466,264Liabilities 2013: $02013Assets 2014: $477,778Liabilities 2014: $1,3002014Assets 2015: $466,393Liabilities 2015: $8,600Net Assets 2015: $457,7932015Assets 2016: $480,841Liabilities 2016: $0Net Assets 2016: $480,8412016Assets 2017: $515,226Liabilities 2017: $0Net Assets 2017: $515,2262017Assets 2018: $511,643Liabilities 2018: $0Net Assets 2018: $511,6432018Assets 2019: $475,947Liabilities 2019: $0Net Assets 2019: $475,9472019Assets 2020: $459,135Liabilities 2020: $1,870Net Assets 2020: $457,2652020Assets 2021: $428,728Liabilities 2021: $0Net Assets 2021: $428,7282021Assets 2022: $389,641Liabilities 2022: $0Net Assets 2022: $389,6412022Assets 2023: $328,560Liabilities 2023: $0Net Assets 2023: $328,5602023Assets 2024: $280,806Liabilities 2024: $0Net Assets 2024: $280,8062024

Highlighted filing

2023

Assets$328,560
Liabilities$0
Net Assets$328,560
Open 2023 Filing

Operations Trend

Revenue Growth25th percentile

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

$100K$50K$0-$50K-$100KRevenue 2011: $82,806Expenses 2011: $76,104Net Income 2011: $6,7022011Revenue 2012: $78,300Expenses 2012: $30,942Net Income 2012: $47,3582012Revenue 2013: $75,374Expenses 2013: $40,935Net Income 2013: $34,4392013Revenue 2014: $66,143Expenses 2014: $55,929Net Income 2014: $10,2142014Revenue 2015: $60,473Expenses 2015: $79,158Net Income 2015: -$18,6852015Revenue 2016: $60,309Expenses 2016: $37,261Net Income 2016: $23,0482016Revenue 2017: $56,967Expenses 2017: $22,582Net Income 2017: $34,3852017Revenue 2018: $44,138Expenses 2018: $47,721Net Income 2018: -$3,5832018Revenue 2019: $38,407Expenses 2019: $74,103Net Income 2019: -$35,6962019Revenue 2020: $16,700Expenses 2020: $35,382Net Income 2020: -$18,6822020Revenue 2021: $9,117Expenses 2021: $37,654Net Income 2021: -$28,5372021Revenue 2022: $6,022Expenses 2022: $45,109Net Income 2022: -$39,0872022Revenue 2023: $4,832Expenses 2023: $65,913Net Income 2023: -$61,0812023Revenue 2024: $7,864Expenses 2024: $55,618Net Income 2024: -$47,7542024

Highlighted filing

2023

Revenue$4,832
Expenses$65,913
Net Income-$61,081
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$4,832
Mission and Program Overview

Mission

To provide temporary financial assistance to u.s. Based delta airlines flight attendants who are unable to work and financially support themselves and their immediate family members because he/she is suffering from, or providing primary care for an immediate family member who is suffering from, a serious/terminal illness, injury, or disability.

The foundation provides temporary financial assistance to u.s. Based delta airlines flight attendants and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$389,269$328,560▼ $60,709
Land, Buildings, and Equipment, Net$372$0▼ $372
Total Assets$389,641$328,560▼ $61,081
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$389,641$328,560▼ $61,081
Total Net Assets Fund Balance$389,641$328,560▼ $61,081
Total Liabilities and Net Assets / Fund Balance$389,641$328,560▼ $61,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,870$1,870
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Jeff AbrahamsonPresident
Becky CarrollVice President
May ConwaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,303
Program Service Revenue
$0
Investment Income
$529
Other Revenue
$0
All Other Contributions
$4,303
Change in Net Assets
$-61,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,000
Salaries, Compensation, and Employee Benefits$12,918
Other Expenses$7,995
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$45,000--$45,000
Other Salaries and Wages-$12,000-$12,000
Office Expenses-$3,134-$3,134
Fees for Services Accounting-$2,400-$2,400
Fees for Services Other-$2,089-$2,089
Payroll Taxes-$918-$918
Depreciation Depletion-$372-$372
Total Functional Expenses$45,000$20,913$0$65,913
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
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 A, Line 7A

“The board of directors are elected annually at the regular meeting.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with the authority to act on behalf of the governing body.”

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

“Form 990 is provided to and reviewed by the entire board of directors prior to filing.”

Form 990, Part VI, Section C, Line 19

“All governing documents are made available to the public. These documents can be obtained by mail or e-mail request.”

Filing and Contact Details

Filer

Filer Name
The Beacon Foundation Inc
EIN
41-1939919
Phone
6512452441
Address
PO BOX 16186, ST PAUL, MN 55116

Signing Officer

Name
Jeff Abrahamson
Title
President
Phone
6512452441
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Abrahamson
Formed
2000
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
0

Preparer

Firm
Legacy Professionals Llp
Address
6800 FRANCE AVENUE SO SUITE 550, EDINA, MN 55435
Preparer
Eric C Baertsch
Phone
9528413950
Raw XML Appendix304 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06512452441
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BEACON FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0A NON-PROFIT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BEAC
ReturnHeader/Filer/EIN0411939919
ReturnHeader/Filer/PhoneNum06512452441
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 16186
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055116
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320043599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEGACY PROFESSIONALS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06800 FRANCE AVENUE SO SUITE 550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055435
ReturnHeader/PreparerPersonGrp/PhoneNum09528413950
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC C BAERTSCH
ReturnHeader/ReturnTs02024-11-13T09:38:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,560
Liabilities
$0
Net assets
$328,560
Revenue
$4,832
Expenses
$65,913
Net income
-$61,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$0.08$0.56$0.48
2023Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.05$0.66$0.61
2022Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.06$0.45$0.39
2021Detailed filing. Detailed filing data is available for this year.$4.29$0.00$4.29$0.09$0.38$0.29
2020Detailed filing. Detailed filing data is available for this year.$4.59$0.02$4.57$0.17$0.35$0.19
2019Detailed filing. Detailed filing data is available for this year.$4.76$0.00$4.76$0.38$0.74$0.36
2018Detailed filing. Detailed filing data is available for this year.$5.12$0.00$5.12$0.44$0.48$0.04
2017Detailed filing. Detailed filing data is available for this year.$5.15$0.00$5.15$0.57$0.23$0.34
2016Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$0.60$0.37$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.66$0.09$4.58$0.60$0.79$0.19
2014Summary only. Only limited summary data is available for this year.$4.78$0.01$0.66$0.56$0.10
2013Summary only. Only limited summary data is available for this year.$4.66$0.00$0.75$0.41$0.34
2012Summary only. Only limited summary data is available for this year.$4.32$0.00$0.78$0.31$0.47
2011Summary only. Only limited summary data is available for this year.$3.86$0.01$0.83$0.76$0.07