Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.14x
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Balance Sheet
Assets
Up$156,835
Up $91,940 (+142%) from 2012
Net Assets
Up$134,617
Up $69,722 (+107%) from 2012
Liabilities
Up$22,218
Up $22,218 from 2012
Revenue And Expenses
Revenue
Up$103,023
Up $37,277 (+57%) from 2012
Expenses
Up$39,389
Up $39,389 from 2012
Net Income
Down$63,634
Down $2,112 (-3.2%) from 2012
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Jul 18, 2014
- Return Version
- 2013v3.0
- Gross Receipts
- $103,023
Mission and Program Overview
Mission
The foundation increases access to higher education in the fields of computer and technology, business and criminal justice, health science, culinary arts and advanced trade skills.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SCHOLARSHIP PROGRAM FOR STUDENTS WHO ARE PURSUING EDUCATIONAL OPPORTUNITES IN THE FIELDS OF COMPUTERS AND TECHNOLOGY, BUSINESS AND CRIMINAL JUSTICE, HEALTH SCIENCE, CULINARY ARTS, AND ADVANCED TRADE SKILL. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| EDWIN S EPSTEIN MD | Director | - | $0 | - | - |
| JERROLD L MILLER | President, Secretary, And Treasurer | - | $0 | - | - |
| BROOK JENNINGS SMITH | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 45-5433576
- Phone
- 7574193939
Signing Officer
- Name
- Jerrold L Miller
- Title
- President
- Phone
- 7574193939
- Signed
- 2014-07-18
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- David M Chase
- Phone
- 7576254700
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: investment income. Amount: 1,070.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: insurance. Amount: 1,104. Description: scholarships. Amount: 30,000. Total to form 990-ez, line 16: 31,104.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: unrealized gain on investments. Amount: 6,088.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: investments. Beg. Of year amount: 49,795. End of year amount: 156,835.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: cash overdraft. Beg. Of year amount: 0. End of year amount: 22,218.”
Raw XML Appendix147 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | THE FOUNDATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7574193939 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 5501 GREENWICH ROAD SUITE 250 |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | VIRGINIA BEACH |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 23462 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 15100 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 101953 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 63634 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 8285 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 64895 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 156835 |
| IRS990EZ/GrossReceiptsAmt | 0 | 103023 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1070 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 64895 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 134617 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 64895 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 134617 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | EDWIN S EPSTEIN MD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JERROLD L MILLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BROOK JENNINGS SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT, SECRETARY, AND TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 49795 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 156835 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 6088 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 31104 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION INCREASES ACCESS TO HIGHER EDUCATION IN THE FIELDS OF COMPUTER AND TECHNOLOGY, BUSINESS AND CRIMINAL JUSTICE, HEALTH SCIENCE, CULINARY ARTS AND ADVANCED TRADE SKILLS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SCHOLARSHIP PROGRAM FOR STUDENTS WHO ARE PURSUING EDUCATIONAL OPPORTUNITES IN THE FIELDS OF COMPUTERS AND TECHNOLOGY, BUSINESS AND CRIMINAL JUSTICE, HEALTH SCIENCE, CULINARY ARTS, AND ADVANCED TRADE SKILL. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 22218 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 39389 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 103023 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationOtherDesc | 0 | FOUNDATION |
| IRS990EZ/TypeOfOrganizationOtherInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | NONE |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 101953 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 65746 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 167699 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 1070 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 1070 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 11977 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 155722 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 101953 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 65746 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 167699 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 168769 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INVESTMENT INCOME. AMOUNT: 1,070. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: INSURANCE. AMOUNT: 1,104. DESCRIPTION: SCHOLARSHIPS. AMOUNT: 30,000. TOTAL TO FORM 990-EZ, LINE 16: 31,104. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: UNREALIZED GAIN ON INVESTMENTS. AMOUNT: 6,088. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 49,795. END OF YEAR AMOUNT: 156,835. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: CASH OVERDRAFT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 22,218. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JERROLD L MILLER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7574193939 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-07-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | BEACON EDUCATION FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BEAC |
| ReturnHeader/Filer/EIN | 0 | 455433576 |
| ReturnHeader/Filer/PhoneNum | 0 | 7574193939 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 5501 GREENWICH ROAD SUITE 250 |
| ReturnHeader/Filer/USAddress/City | 0 | VIRGINIA BEACH |
| ReturnHeader/Filer/USAddress/State | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 23462 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 541517420 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | WALL EINHORN & CHERNITZER PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 555 E MAIN ST SUITE 1600 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | NORFOLK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 23510 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7576254700 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-07-18 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID M CHASE |
| ReturnHeader/ReturnTs | 0 | 2014-08-04T14:34:47-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $156,835
- Liabilities
- $22,218
- Net assets
- $134,617
- Revenue
- $103,023
- Expenses
- $39,389
- Net income
- $63,634