Overview
What is Beacon Inc?
Beacon Inc, a nonprofit organization based in Bloomington, Indiana, is dedicated to alleviating extreme poverty, particularly hunger and homelessness, in its local community and beyond. Its primary programs include the Shalom Center, a day shelter offering essential services such as meals, showers, and housing resources for individuals in need. Beacon also operates Friend's Place, a year-round, nonreligious shelter for adults experiencing homelessness, and Crawford Homes, providing permanent supportive housing for people with disabilities. Additionally, Beacon's Rapid Rehousing program helps those experiencing short-term homelessness find housing and prevent homelessness for others. With a staff of 58, Beacon Inc embodies a commitment to empowering and aiding those in need.
Official website here: www.beaconinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Beacon Inc has received an 86% score from Charity Navigator, which places it in the Three-Star category, reflecting a solid level of accountability and financial management. The overall rating is based entirely on its Accountability & Finance metrics, indicating a strong commitment to transparency and responsible financial practices. The organization notably has 100% independent board members and has received full points for its financial audit, further highlighting its operational integrity.
The nonprofit demonstrates robust financial health, as indicated by a program expense ratio of 89.53%, which suggests that a significant majority of its funds are directed towards its programs rather than administrative costs. Furthermore, the organization has a perfect score for its liabilities to assets ratio, indicating that it is managing its financial obligations effectively.
However, it's worth noting that there was a material diversion of assets, which impacted its overall score. This point of concern may call for further scrutiny into the organization's asset management practices. Nonetheless, the presence of comprehensive policies regarding conflicts of interest and whistleblower protections reflects Beacon Inc's dedication to maintaining ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Inc legitimate?
Beacon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon 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: $67,637
Professional Fundraising Fees: $0
Other Salaries and Wages: $914,256
For more financial information, click here
Official website here: www.beaconinc.org
What is the mission statement of Beacon Inc?
Beacon Inc, a non-profit organization, is committed to alleviating extreme poverty, particularly focusing on hunger and homelessness. Based on its mission, Beacon aims to provide solutions to those in need, offering programs encompassing meals, shelter, housing assistance, healthcare services, educational opportunities, self-improvement resources, and employment assistance. Their primary programs include Shalom Center, Friend's Place, Phil's Kitchen, Crawford Homes, Rapid Rehousing, and Street Outreach. These programs aim to provide essential life services, such as meals, day shelter, showers, and employment assistance, to help individuals stabilize during tough times. Additionally, Beacon provides overnight shelter at Friend's Place, permanent supportive housing through Crawford Homes, and Rapid Rehousing to prevent and address short-term homelessness.
Official website here: www.beaconinc.org
Who is the CEO of Beacon Inc?
Forrest Gilmore is the President of Beacon Inc.
Official website here: www.beaconinc.org
What is the revenue of Beacon Inc?
Beacon Inc's revenue in 2022 was $2,762,867.
Official website here: www.beaconinc.org
Who are the executives of Beacon Inc and what are their salaries?
The average compensation at Beacon Inc during 2022 was $16,929. There are 58 employees and 162 volunteers at Beacon Inc.
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- Compensation: $67,637
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Official website here: www.beaconinc.org
Where can I find the form 990 for Beacon Inc?
Beacon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconinc.org
Learn more at the official website: www.beaconinc.org
Mission Statement of Beacon Inc
Beacon, Inc., a nonprofit organization, is committed to aiding and empowering individuals experiencing extreme poverty, particularly those battling hunger and homelessness. Based on its mission, Beacon operates six core programs designed to provide essential services and opportunities for improvement.
The heart of Beacon's operations is the Shalom Center, which serves as a day shelter and main location. The Shalom Center offers a range of life-essential services, including breakfast and lunch, emergency groceries, restrooms, showers, laundry, storage, telephones, a mailing address, bus tickets, prescription assistance, rental and utility assistance, identification, and access to housing resources. The Shalom Center also provides counseling sessions, assists individuals without homes, and reunites homeless individuals with their out-of-town families.
Beyond the Shalom Center, Beacon offers additional services through its Friend's Place, Crawford Homes, Rapid Rehousing, and Street Outreach programs. Friend's Place provides overnight shelter for adults experiencing homelessness, with priority given to Monroe County residents. Crawford Homes and Rapid Rehousing focus on providing permanent supportive housing and short-term housing for individuals and families, respectively. Beacon's Street Outreach serves individuals without homes, providing essential services and assisting them in securing permanent housing.
In summary, Beacon, Inc. is a solutions-driven, anti-poverty nonprofit dedicated to aiding and empowering individuals experiencing extreme poverty, particularly hunger and homelessness. Through its six core programs, Beacon provides a comprehensive range of services, from day shelter and emergency resources to permanent supportive housing and street outreach, aimed at helping individuals stabilize, secure housing, and rebuild their lives.
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Impact
July, 2024
Beacon Inc's impact is profound in serving the Bloomington, Indiana community and surrounding areas. Through its programs like the Shalom Center, Friend's Place, Crawford Homes, Rapid Re-Housing, and Street Outreach, Beacon Inc provides essential services to those experiencing extreme poverty, especially hunger and homelessness. The organization offers meals, shelter, housing assistance, healthcare access, educational opportunities, employment assistance, and various social services to help individuals stabilize and improve their circumstances. Beacon Inc's dedication to aiding and empowering those in need has led to tangible outcomes, such as providing thousands of meals, sheltering hundreds of individuals, reuniting homeless people with their families, and transitioning people into permanent housing.
This information is meant to be a general summary of Beacon 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: $297
- Program Service Revenue: $30,171
- Gross Receipts: $2,780,878
Assets and Liabilities:
- Total Assets: $1,206,986
- Total Liabilities: $0
- Net Assets: $1,206,986
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OCCUPANCY FEE INCOME
Revenue
$30,171
Organization Details
Founding Year
2002
Phone
(812) 334-5728Principal Officer
Forrest Gilmore
Main Address
PO BOX 451, BLOOMINGTON, IN, 47402
Website
www.beaconinc.orgNTEE Category
Code: B90 - Education
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