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Beans And Rice Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541851247 ✦ Radford, VA ✦ Designated as a 501(c)(3)

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Overview

What is Beans And Rice Inc?

Beans And Rice Inc is a nonprofit organization based in Radford, Virginia, with a PO box address. Their primary mission is to empower low to moderate income families by offering asset growth initiatives and capacity development opportunities. They accomplish this through community learning centers located in the New River Valley region of Virginia. Their team consists of eight dedicated individuals working towards this goal.


Official website here: www.beansandrice.org

What do the Facebook reviews say about Beans And Rice Inc?

100% of 9 reviewers on Facebook recommend Beans And Rice Inc. Here is a summary of their reviews:

The feedback highlights a very positive experience with the organization, emphasizing the rewarding nature of volunteering. One user expressed enthusiasm about their time spent with the nonprofit during their alternative spring break, indicating a strong desire to return and contribute again in the future.

Overall, the sentiment towards Beans And Rice Inc. is extremely favorable, showcasing the impactful work they do and the satisfaction of those involved. It's clear that the nonprofit makes a meaningful impression on its volunteers, encouraging ongoing engagement and support.


This AI summary has been generated from reviews found on Facebook.

Is Beans And Rice Inc legitimate?

Beans And Rice Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beans And Rice 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,744

For more financial information, click here


Official website here: www.beansandrice.org

What is the mission statement of Beans And Rice Inc?

Beans and Rice Inc's mission is centered around assisting low to moderate income families. Their objective is to enhance the capacities and build assets within this demographic. They accomplish this mission through various programs, primarily focusing on asset growth initiatives and capacity development opportunities. These initiatives are carried out through community learning centers located in the New River Valley. The organization's primary goal is to empower these families and help them improve their livelihoods.


Official website here: www.beansandrice.org

Who is the CEO of Beans And Rice Inc?

Lee Spiegel is the Executive Director of Beans And Rice Inc.


Official website here: www.beansandrice.org

What is the revenue of Beans And Rice Inc?

Beans And Rice Inc's revenue in 2022 was $219,999.


Official website here: www.beansandrice.org

Who are the executives of Beans And Rice Inc and what are their salaries?

The average compensation at Beans And Rice Inc during 2022 was $10,343. There are 8 employees and 43 volunteers at Beans And Rice Inc.


Here are 10 key members and their salaries:


Lee Spiegel (Executive Director)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Lora Gordon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Goff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Love (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Warburton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Serena Moore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicky Collins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Jacobsen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Mosby (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Reis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.beansandrice.org

Where can I find the form 990 for Beans And Rice Inc?

Beans And Rice Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.beansandrice.org

Learn more at the official website: www.beansandrice.org

Mission Statement of Beans And Rice Inc

Beans And Rice Inc, as a nonprofit organization, is dedicated to aiding in the expansion of capabilities and resources in families with moderate to low incomes. Their mission is centered around providing opportunities for asset growth and capacity development within this demographic. They accomplish this through the establishment of community learning centers situated in the New River Valley of Virginia. These centers offer initiatives that specifically cater to the needs of low to moderate income families, fostering an environment conducive to their advancement.

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Impact




October, 2024

Beans And Rice Inc has a significant impact on low to moderate-income families in the New River Valley of Virginia by facilitating asset growth and enhancing community capacities. Through its various programs, it provides essential resources and opportunities aimed at empowering families to improve their financial stability and overall quality of life.

The organization operates community learning centers that serve as vital hubs for education and personal development. These centers offer workshops, training sessions, and resources designed to equip families with the skills and knowledge needed to achieve economic independence. By focusing on capacity development, Beans And Rice Inc helps individuals elevate their circumstances, fostering resilience and self-sufficiency.

In addition to its asset growth initiatives, the organization's commitment to community involvement creates a supportive network where families can connect, share experiences, and learn from one another. This collaborative environment not only enhances personal growth but also strengthens community ties, ultimately contributing to a more vibrant and sustainable local economy.

Overall, Beans And Rice Inc plays a crucial role in addressing the challenges faced by low to moderate-income families, enabling them to build better futures through education, skill development, and community engagement.




This information is meant to be a general summary of Beans And Rice 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.

Revenue
$219,999 (2022)
Expenses
$336,837 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,054
  • Program Service Revenue: $33,625
  • Gross Receipts: $224,221

Assets and Liabilities:

  • Total Assets: $777,505
  • Total Liabilities: $683,430
  • Net Assets: $94,075

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Asset Development

Revenue

$33,625

Organization Details

Founding Year

1997

Principal Officer

Lee Spiegel

Main Address

PO Box 397, Radford, VA, 24143

NTEE Category

Code: P80Z - Human services

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