Overview
What is Beacon Education Inc?
Beacon Education Inc, based in Wilmington, North Carolina, is a nonprofit organization with a focus on enhancing educational experiences for students. They raise funds and develop programs to support transportation, facility maintenance, food services, enrichment activities, and college preparation within schools affiliated with their mission, located in North Carolina. Their efforts include providing college counseling, professional development for faculty, mentoring, sports programs, arts initiatives, and managing facilities, aiming to contribute significantly to the overall success of these schools. With a small team of dedicated individuals, Beacon Education Inc strives to positively impact the educational landscape in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Beacon Education Inc has received a high rating of 95% from Charity Navigator, indicating strong performance, particularly in the areas of accountability and finance. With a perfect score of 100% for its independent board members and additional metrics like a low liabilities to assets ratio, the organization demonstrates effective governance and financial health.
The organization excels in its program expense ratio of 79.27%, showing a commitment to channeling funds directly into its programs rather than administrative costs. Additionally, its fundraising efficiency is impressive at $0.02, suggesting that it raises significant funds without excessive expense, enhancing its impact on the community it serves.
While the metrics are overwhelmingly positive, the summary does not indicate any significant limitations or areas for improvement. Overall, Beacon Education Inc appears to operate with high standards of transparency and efficiency, making it a reputable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Education Inc legitimate?
Beacon Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Education 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,584
For more financial information, click here
What is the mission statement of Beacon Education Inc?
Beacon Education Inc is dedicated to raising funds and developing programs that enhance the educational experience of schools in North Carolina. Their mission encompasses supporting various aspects of school operation, such as transportation, facility management, food services, enrichment, and college preparedness. They aim to enhance student and school success through initiatives like college counseling, faculty development, mentoring, athletics, arts programs, and transportation services. Their activities are intended to complement and strengthen the educational mission of the affiliated schools.
Who is the CEO of Beacon Education Inc?
Sandy Spiers is the Chair of Beacon Education Inc.
What is the revenue of Beacon Education Inc?
Beacon Education Inc's revenue in 2022 was $6,675,896.
Who are the executives of Beacon Education Inc and what are their salaries?
The average compensation at Beacon Education Inc during 2022 was $83,584. There is 1 employee and 175 volunteers at Beacon Education Inc.
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Where can I find the form 990 for Beacon Education Inc?
Beacon Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beacon Education Inc
Beacon Education Inc is committed to raising funds and establishing programs that support various aspects of educational institutions within North Carolina, aligning with its mission. The organization's primary focus is on enhancing transportation, facility maintenance, food services, enrichment programs, and college preparation for these schools. By providing essential resources, Beacon Education Inc seeks to foster a conducive learning environment that promotes student success and school growth.
The development of such programs encompasses various components, including college counseling, professional development for faculty, mentoring, athletics, arts education, transportation services, food provision, and facility management. These initiatives aim to equip schools with the necessary tools and resources to ensure their students can thrive academically and personally. By investing in these areas, Beacon Education Inc plays a crucial role in enriching the educational experience of students, ultimately contributing to their future success.
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Impact
July, 2024
Beacon Education Inc's impact lies in raising funds and developing programs to support the transportation, facility, food services, enrichment, and college preparedness of schools within North Carolina. Their efforts focus on essential programs like college counseling, professional development for faculty, mentoring, athletics, the arts, transportation, food service, and facilities management. By emphasizing these areas, Beacon Education Inc contributes significantly to student and school success, ensuring a holistic support system that enhances educational opportunities for the community.
This information is meant to be a general summary of Beacon Education 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 2022.
- Investment Income: $74,235
- Program Service Revenue: $65,250
- Gross Receipts: $6,708,730
Assets and Liabilities:
- Total Assets: $19,342,813
- Total Liabilities: $32,517
- Net Assets: $19,310,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUS RENTAL INCOME
Revenue
$65,250
Organization Details
Founding Year
2015
Phone
(910) 338-5258Principal Officer
Sandy Spiers
Main Address
4100 SUNGLOW DRIVE, WILMINGTON, NC, 28405
NTEE Category
Code: B12 - Education
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