Overview
What is Beacon Community Foundation Inc?
Beacon Community Foundation Inc, located in Scobey, Montana, is a nonprofit organization that accepts endowment investments from individuals and organizations for charitable purposes. By managing these investments, the foundation generates returns and covers its operational expenses. The remaining funds are then distributed as grants to support various charitable causes. With a small team of one dedicated individual, Beacon Community Foundation Inc contributes to the community by channeling resources towards worthy charitable objectives.
Is Beacon Community Foundation Inc legitimate?
Beacon Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Community Foundation 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: $5,869
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What is the mission statement of Beacon Community Foundation Inc?
Beacon Community Foundation Inc's mission involves accepting endowment investments from individuals and organizations for charitable purposes. The foundation generates returns on these investments, covers its operational expenses, and subsequently distributes grants for charitable causes. By doing so, the foundation contributes to various philanthropic initiatives, promoting social welfare and community development. The organization's primary objective is to utilize its resources to support and advance charitable causes, thereby making a positive impact in society.
Who is the CEO of Beacon Community Foundation Inc?
Logan Olson is the President of Beacon Community Foundation Inc.
What is the revenue of Beacon Community Foundation Inc?
Beacon Community Foundation Inc's revenue in 2022 was $190,066.
Who are the executives of Beacon Community Foundation Inc and what are their salaries?
The average compensation at Beacon Community Foundation Inc during 2022 was $5,869. There is 1 employee and 9 volunteers at Beacon Community Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beacon Community Foundation Inc?
Beacon Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beacon Community Foundation Inc
Beacon Community Foundation Inc, as a philanthropic organization, accepts endowment investments from individuals and organizations with a charitable intent. The foundation's primary role involves generating returns from these investments. Subsequently, it covers its operating expenses and distributes the remaining funds as grants for charitable purposes. By doing so, Beacon Community Foundation Inc contributes to various noble causes, furthering its mission of promoting philanthropy and enhancing the societal good.
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Impact
October, 2024
Beacon Community Foundation Inc significantly contributes to the local community by managing endowment investments from both individuals and organizations for charitable purposes. By earning returns on these investments, the foundation is able to cover its operating expenses and provide grants that support various charitable initiatives. This model not only promotes philanthropy but also ensures that funds are continually reinvested to address community needs. Through its commitment to sustainable giving, Beacon Community Foundation empowers local projects and initiatives, fostering positive change and enhancing the quality of life in Scobey, MT, and the surrounding areas.
This information is meant to be a general summary of Beacon Community Foundation 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: $57,937
- Gross Receipts: $190,066
Assets and Liabilities:
- Total Assets: $2,022,060
- Total Liabilities: $0
- Net Assets: $2,022,060
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Organization Details
Founding Year
1995
Phone
(406) 487-2292Principal Officer
Logan Olson
Main Address
BOX 726, SCOBEY, MT, 59263
NTEE Category
Code: T31 - Philanthropy
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