Overview
What is Beam Center Inc?
Beam Center Inc, established in 2012, is a nonprofit organization located in Brooklyn, New York, at 60 Sacket Street. Their primary focus is on offering after-school workshops and day camps for students in grades 2 through 8. These programs combine technology, craft, and imagination, guided by Beam Center faculty and apprentices. By collaborating with creators and schools, Beam Center strives to make learning and work opportunities accessible to all NYC youth. Their mission is deeply rooted in integrating art, design, science, and engineering, ensuring a holistic and engaging learning environment. With a dedicated workforce of 86 individuals, Beam Center Inc is committed to fostering creativity and innovation among New York City's youth.
Official website here: www.beamcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Beam Center Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of its operations. While the organization demonstrates strong commitment to culture and community, reflected in a high score of 93, its overall score of 66% highlights significant challenges, particularly in financial management and sustainability.
The strengths of Beam Center Inc lie in its governance practices, with 100% independent board members and solid policies in place regarding conflict of interest and whistleblowing. Additionally, the organization boasts an impressive program expense ratio of 86.12%, signifying that a substantial portion of its expenditures is directed towards its programs. However, the low financial scores, particularly in the liabilities to assets ratio and working capital ratio, raise concerns about its financial health and ability to meet obligations.
User feedback highlights the organization's positive impact on the community through engaging programs, but concerns about financial stability persist. With a working capital ratio of only 0.10 years, Beam Center Inc may need to reassess its financial strategies to ensure long-term viability while continuing its valuable community work.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Beam Center Inc?
100% of reviewers on Facebook recommend Beam Center Inc based on 6 reviews. Here is a summary of their insights:
Parents express immense satisfaction with the experiences their children have at Beam Center. One reviewer highlighted their child's unforgettable and educational summer camp experience, praising the safe environment provided by the organization.
This sentiment indicates that Beam Center is successfully delivering a fulfilling program that resonates positively with both children and their families, fostering anticipation for future participation.
This AI summary has been generated from reviews found on Facebook.
Is Beam Center Inc legitimate?
Beam Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beam Center Inc 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: $39,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,424,943
For more financial information, click here
Official website here: www.beamcenter.org
What is the mission statement of Beam Center Inc?
The Beam Center Inc, established in 2012, collaborates with creators and schools to make learning and work opportunities accessible to all New York City youth. They integrate art, design, science, and engineering into their collaborative efforts. The mission of Beam Center Inc is to make education more inclusive and engaging for young students, offering afterschool workshops and day camps for students in grades 2 through 8. These programs blend technology, craft, and imagination, led by Beam Center faculty and apprentices, to foster a creative and innovative learning environment.
Official website here: www.beamcenter.org
Who is the CEO of Beam Center Inc?
Peter Wright is the Treasurer of Beam Center Inc.
Official website here: www.beamcenter.org
What is the revenue of Beam Center Inc?
Beam Center Inc's revenue in 2021 was $2,801,574.
Official website here: www.beamcenter.org
Who are the executives of Beam Center Inc and what are their salaries?
The average compensation at Beam Center Inc during 2021 was $17,028. There are 86 employees and 12 volunteers at Beam Center Inc.
Here are 8 key members and their salaries:
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Official website here: www.beamcenter.org
Where can I find the form 990 for Beam Center Inc?
Beam Center Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.beamcenter.org
Learn more at the official website: www.beamcenter.org
Mission Statement of Beam Center Inc
Beam Center Inc, established in 2012, is committed to making learning and work opportunities accessible to all New York City youth. The organization achieves this by collaborating with creators and schools, integrating art, design, science, and engineering into its approach. By doing so, Beam Center Inc seeks to break down barriers and provide engaging learning experiences for young individuals in the 2nd through 8th grades. Their afterschool workshops and day camps, led by Beam Center faculty and apprentices, blend technology, craft, and imagination, fostering a creative and innovative learning environment.
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Impact
July, 2024
Beam Center Inc has had a significant impact by collaborating with creators and schools to make learning and work accessible to all NYC youth. They integrate art, design, science, and engineering in their programs, aiming to provide a well-rounded educational experience. Through their afterschool workshops and day camps for students in 2nd through 8th grades, Beam Center blends technology, craft, and imagination. By offering these out-of-school programs led by Beam Center faculty and apprentices, they are helping to foster creativity, innovation, and critical thinking skills among the youth in Brooklyn, NY. Their mission to make learning and work accessible to all NYC youth through a multidisciplinary approach demonstrates their commitment to providing quality education and opportunities for young learners.
This information is meant to be a general summary of Beam Center Inc. 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 2021.
- Program Service Revenue: $1,584,913
- Gross Receipts: $2,801,574
Assets and Liabilities:
- Total Assets: $862,932
- Total Liabilities: $614,548
- Net Assets: $248,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL CONTRACTS
Revenue
$1,191,833
TUITION
Revenue
$393,080
Organization Details
Founding Year
2012
Principal Officer
Peter Wright
Main Address
60 SACKETT STREET, Brooklyn, NY, 11231
Website
www.beamcenter.orgNTEE Category
Code: B00 - Education
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