Overview
What is The Beacon Project?
The Beacon Project is a nonprofit organization situated in Islesboro, Maine, specifically at PO Box 1135. Their primary mission is to support the elderly community on the island, ensuring they maintain their dignity and comfort within their home environment. This is achieved through the operation of Boardman Cottage, an eight-bedroom assisted living facility. Additionally, the project's staff extends their care to elderly residents living independently, offering in-home support and arranging transportation for medical appointments and essential shopping errands. In essence, The Beacon Project aims to foster a sense of community by enabling the elderly to age gracefully on Islesboro. With a workforce of 26 individuals, they strive to provide essential assistance and companionship to those in need.
Official website here: www.islesborobeacon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Beacon Project has received a Three-Star rating with an overall score of 81%, primarily reflecting its strong performance in accountability and finance. The organization boasts a fully independent board, with 100% of its board members being independent, which contributes positively to its governance practices. Furthermore, there are no reported issues regarding the diversion of assets, and the nonprofit maintains transparency by making its tax documents accessible on its website.
The financial health of The Beacon Project is commendable, with a program expense ratio of nearly 80%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 3.26%, signaling robust financial stability.
However, the charity does have a notable limitation in its governance practices, as it lacks a whistleblower policy, which is crucial for fostering a culture of accountability and protecting individuals who report unethical behavior. Overall, while The Beacon Project demonstrates strengths in several areas, the absence of the whistleblower policy suggests room for improvement in its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Beacon Project legitimate?
The Beacon Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Beacon Project submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $63,305
Professional Fundraising Fees: $0
Other Salaries and Wages: $434,991
For more financial information, click here
Official website here: www.islesborobeacon.org
What is the mission statement of The Beacon Project?
The mission of The Beacon Project is centered around enabling elderly individuals to maintain their dignity and comfort within their community. They accomplish this by operating Boardman Cottage, an eight-bedroom assisted living facility. Beyond housing, The Beacon Project extends its support to elderly residents living independently by providing necessary checks and potential assistance. Furthermore, the project offers transportation services for medical appointments and shopping, demonstrating a commitment to ensuring the well-being of its elderly community members.
Official website here: www.islesborobeacon.org
Who is the CEO of The Beacon Project?
Bonnie J Hughes is the Administrator of The Beacon Project.
Official website here: www.islesborobeacon.org
What is the revenue of The Beacon Project?
The Beacon Project's revenue in 2022 was $800,761.
Official website here: www.islesborobeacon.org
Who are the executives of The Beacon Project and what are their salaries?
The average compensation at The Beacon Project during 2022 was $19,165. There are 26 employees and 50 volunteers at The Beacon Project.
Here are 18 key members and their salaries:
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Official website here: www.islesborobeacon.org
Where can I find the form 990 for The Beacon Project?
The Beacon Project's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.islesborobeacon.org
Learn more at the official website: www.islesborobeacon.org
Mission Statement of The Beacon Project
The Beacon Project, a nonprofit organization, strives to enable elderly residents of Islesboro to maintain their dignity and comfort while remaining an integral part of their community. To achieve this goal, The Beacon Project operates Boardman Cottage, an eight-bedroom assisted living facility. This facility provides housing and care services to eight elderly individuals, ensuring they receive the support they need to live comfortably. Beyond the assisted living facility, The Beacon Project extends its services to additional elderly residents living on the island. This includes offering in-home care, such as checking on individuals living alone to determine if additional assistance is required, and providing transportation for medical appointments and shopping outings. By offering these comprehensive services, The Beacon Project enables its elderly community members to maintain their independence and quality of life, while also fostering a sense of belonging within the larger Islesboro community.
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Impact
July, 2024
The Beacon Project's impact can be seen in its dedication to providing housing and assisted living care for elderly residents on Islesboro. Through Boardman Cottage, the project ensures that elders can remain part of the island community with dignity and comfort. Additionally, the staff offers in-home care services, including regular check-ins for those living alone and transportation for medical appointments and shopping. By meeting the needs of elderly residents, The Beacon Project contributes to creating a supportive and inclusive environment on Islesboro.
This information is meant to be a general summary of The Beacon Project. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $88,644
- Program Service Revenue: $348,156
- Gross Receipts: $869,636
Assets and Liabilities:
- Total Assets: $2,720,120
- Total Liabilities: $59,327
- Net Assets: $2,660,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident & Home Health
Revenue
$348,156
Organization Details
Founding Year
2003
Principal Officer
Bonnie J Hughes
Main Address
PO Box 1135, Islesboro, ME, 04848
Website
www.islesborobeacon.orgNTEE Category
Code: L22 - Housing
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