Overview
What is Beacon House Inc?
Beacon House Inc, located at 20 W Washington Street Apt B100, Hagerstown, MD 21740, is a nonprofit organization devoted to fostering the holistic development of children aged 2 to 18 years old. Their mission, rooted in scholarship, service, and stewardship, aims to enhance awareness, access, and achievement in the fields of science, technology, engineering, arts, and mathematics (STEM). They offer year-round, full-day support to promote equitable opportunities for success in their future endeavors. With a team of 23 dedicated individuals, Beacon House Inc seeks to provide a solid foundation for the next generation by fostering a love for learning and a commitment to service.
Official website here: www.thebeaconhouseinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 68%)
Beacon House Inc has received a two-star rating from Charity Navigator, indicating that while it has strengths, there are also significant areas for improvement. The organization has a high program expense ratio of 91.39%, which suggests that a large portion of its funding is directed towards its programs. Additionally, it exhibits strong governance with 100% independent board members and effective accountability policies, such as conflict of interest and whistleblower policies.
However, the nonprofit faces challenges that have impacted its overall score. The liabilities to assets ratio is notably high at 542.72%, which raises concerns about financial stability. Moreover, the organization has not posted its tax form on its website, which is a key transparency issue that detracts from its accountability. Despite a solid community culture score of 87, these financial and transparency shortcomings prevent Beacon House Inc from achieving a higher rating.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon House Inc legitimate?
Beacon House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon House 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $264,889
For more financial information, click here
Official website here: www.thebeaconhouseinc.org
What is the mission statement of Beacon House Inc?
Beacon House Inc's mission is centered around increasing awareness, access, and achievement in the fields of science, technology, engineering, arts, and mathematics (STEM) education. This mission is grounded in the organization's core pillars of scholarship, service, and stewardship. Through their program, STEAM Works, Beacon House Inc provides year-round, full-day support to children aged 2-18 to enhance their access and achievement, aiming to provide equitable opportunities for success in their future endeavors.
Official website here: www.thebeaconhouseinc.org
Who is the CEO of Beacon House Inc?
Anthony Williams is the Ceo of Beacon House Inc. The CEO's salary of Beacon House Inc is $60,000 and their total compensation is $60,000.
Official website here: www.thebeaconhouseinc.org
What is the revenue of Beacon House Inc?
Beacon House Inc's revenue in 2022 was $520,427.
Official website here: www.thebeaconhouseinc.org
Who are the executives of Beacon House Inc and what are their salaries?
The average compensation at Beacon House Inc during 2022 was $14,126. There are 23 employees at Beacon House Inc.
Here are 10 key members and their salaries (Beacon House Inc's CEO's salary is $60,000 and their total compensation is $60,000):
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Official website here: www.thebeaconhouseinc.org
Where can I find the form 990 for Beacon House Inc?
Beacon House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebeaconhouseinc.org
Learn more at the official website: www.thebeaconhouseinc.org
Mission Statement of Beacon House Inc
Beacon House Inc is dedicated to promoting awareness, access, and achievement in the fields of Science, Technology, Engineering, Arts, and Mathematics (STEM) education. This mission is grounded in the organization's core pillars of Scholarship, Service, and Stewardship. The nonprofit's primary goal is to increase the opportunities for success in STEM fields for young individuals aged 2 to 18 years old. To achieve this, Beacon House Inc offers year-round, full-day supports through its program, STEAM Works. This initiative is designed to help children from diverse backgrounds overcome any barriers they may face and excel in their future endeavors, ensuring an equitable opportunity for success.
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Impact
July, 2024
Beacon House Inc's impact lies in increasing awareness, access, and achievement in science, technology, engineering, arts, and mathematics (STEAM) education. Through their program STEAM Works, they provide year-round, full-day support to youth aged 2-18, aiming to enhance the whole child and offer equitable opportunities for success in their future endeavors. Their focus on scholarship, service, and stewardship underscores their commitment to empowering young individuals and preparing them for a competitive and evolving world.
This information is meant to be a general summary of Beacon House 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.
- Program Service Revenue: $418,127
- Gross Receipts: $520,427
Assets and Liabilities:
- Total Assets: $2,397
- Total Liabilities: $13,009
- Net Assets: -$10,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEAM REVENUE
Revenue
$418,127
Organization Details
Founding Year
2017
Phone
(240) 850-2060Principal Officer
Anthony Williams
Main Address
20 W WASHINGTON STREET APT B100, HAGERSTOWN, MD, 21740
Website
www.thebeaconhouseinc.orgNTEE Category
Code: B90 - Education
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