Civic Intelligence

Beam Foundation

990EZ • Fiscal year 2021 • EIN 56-2012602

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Organization Profilebeamfoundationclt.org
PO Box 562133Charlotte, NC 28256

(704) 726-1472

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.01x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.02x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Net Margin

67th percentile

37%

Higher net margin than 67% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Asset Growth

58th percentile

7.5%

Faster asset growth than 58% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

98%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$241,116

Up $16,737 (+7.5%) from 2020

Net Assets

Up

$237,977

Up $13,598 (+6.1%) from 2020

Liabilities

Up

$3,139

Up $3,139 from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin67th percentile

Revenue

Up

$182,218

Up $90,012 (+98%) from 2020

Expenses

Up

$114,036

Up $54,966 (+93%) from 2020

Net Income

Up

$68,182

Up $35,046 (+106%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$300K$200K$100K$0Assets 2019: $191,243Liabilities 2019: $0Net Assets 2019: $191,2432019Assets 2020: $224,379Liabilities 2020: $0Net Assets 2020: $224,3792020Assets 2021: $241,116Liabilities 2021: $3,139Net Assets 2021: $237,9772021Assets 2022: $223,093Liabilities 2022: $680Net Assets 2022: $222,4132022

Highlighted filing

2021

Assets$241,116
Liabilities$3,139
Net Assets$237,977
Open 2021 Filing

Operations Trend

Revenue Growth77th percentile

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

$300K$200K$100K$0-$100KRevenue 2019: $84,825Expenses 2019: $72,848Net Income 2019: $11,9772019Revenue 2020: $92,206Expenses 2020: $59,070Net Income 2020: $33,1362020Revenue 2021: $182,218Expenses 2021: $114,036Net Income 2021: $68,1822021Revenue 2022: $200,646Expenses 2022: $216,209Net Income 2022: -$15,5632022

Highlighted filing

2021

Revenue$182,218
Expenses$114,036
Net Income$68,182
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.1
Gross Receipts
$182,218
Mission and Program Overview

Mission

To promote community service, leadership development, and educational opportunities to high-risk youth and adults in special situations while maintaining a special emphasis on reaching out to young minority males

Program Services

DescriptionGrantsExpenses
NA$0$0
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
T BRIAN GEORGEExecutive DirectorPT$0--
JONATHAN LINDSAYVP Of OperationsPT$0--
KELLY PRATTVP Of FinancePT$0--
KEVIN HENDERSONTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Beam Foundation
EIN
56-2012602
Phone
7047261472
Address
PO BOX 562133, CHARLOTTE, NC 28256

Signing Officer

Name
T Brian George
Title
Executive Director
Phone
7047261472
Signed
2022-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Christopher E Carter CPA Pllc
Address
6000 FAIRVIEW RD STE 1200, CHARLOTTE, NC 28210
Preparer
Christopher E Carter
Phone
7049472222
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“INTEREST 12.”

Form 990EZ, Part I, Line 10

“Scholarships; educational; : , , , ; , 45389.”

Form 990EZ, Part I, Line 10

“Charitable contribution; charity; : , , , ; , 10000.”

Form 990EZ, Part I, Line 16

“PROGRAM EXPENSES 44796.”

Form 990EZ, Part I, Line 20

“Adjustment made for close out of two bank accounts of record -54584.”

Form 990EZ, Part I, Line 20

“At 12/31/20 and new credit card account as of 12/31/21.”

Form 990EZ, Part II, Line 26

“First citizens visa 0. 3139.”

Raw XML Appendix173 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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IRS990EZ/BooksInCareOfDetail/PersonNm0KEVIN HENDERSON
IRS990EZ/BooksInCareOfDetail/PhoneNum04045500646
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0104 LACHLAN DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FORT MILL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029715
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt073129
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt089866
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0182206
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt068182
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02035
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt055389
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0182218
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt0151250
IRS990EZ/LandAndBuildingsGrp/EOYAmt0151250
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NameChangeInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0224379
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0237977
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0224379
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0237977
IRS990EZ/OccupancyRentUtltsAndMaintAmt010771
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0T BRIAN GEORGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JONATHAN LINDSAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KELLY PRATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KEVIN HENDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VP OF OPERATIONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VP OF FINANCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-54584
IRS990EZ/OtherExpensesTotalAmt044796
IRS990EZ/OtherRevenueTotalAmt012
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE COMMUNITY SERVICE, LEADERSHIP DEVELOPMENT, AND EDUCATIONAL OPPORTUNITIES TO HIGH-RISK YOUTH AND ADULTS IN SPECIAL SITUATIONS WHILE MAINTAINING A SPECIAL EMPHASIS ON REACHING OUT TO YOUNG MINORITY MALES
IRS990EZ/PrintingPublicationsPostageAmt01045
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NA
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03139
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0114036
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0182218
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0beamfoundationclt.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0182218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt092206
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt084825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0359249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0359249
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0182218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt092206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt084825
IRS990ScheduleA/Total509Grp/TotalAmt0359249
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0359249
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTEREST 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS; EDUCATIONAL; : , , , ; , 45389.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHARITABLE CONTRIBUTION; CHARITY; : , , , ; , 10000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAM EXPENSES 44796.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADJUSTMENT MADE FOR CLOSE OUT OF TWO BANK ACCOUNTS OF RECORD -54584.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AT 12/31/20 AND NEW CREDIT CARD ACCOUNT AS OF 12/31/21.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FIRST CITIZENS VISA 0. 3139.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 26
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0T BRIAN GEORGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07047261472
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
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ReturnHeader/Filer/EIN0562012602
ReturnHeader/Filer/PhoneNum07047261472
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 562133
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028256
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030475855
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRISTOPHER E CARTER CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06000 FAIRVIEW RD STE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028210
ReturnHeader/PreparerPersonGrp/PhoneNum07049472222
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER E CARTER
ReturnHeader/ReturnTs02022-09-11T06:30:15-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0T BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GEORGE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$241,116
Liabilities
$3,139
Net assets
$237,977
Revenue
$182,218
Expenses
$114,036
Net income
$68,182
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$2.01$2.16$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.41$0.03$2.38$1.82$1.14$0.68
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.92$0.59$0.33
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.85$0.73$0.12