Beacon Foundation in Farmington, Minnesota (MN)

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Beacon Foundation
Employer Identification Number (EIN)411939919
Name of OrganizationBeacon Foundation
In Care of NameScott Vincent
Address704 5th St, Farmington, MN 55024-1528
SubsectionCharitable Organization
Ruling Date04/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$466,264
Amount of Income$80,948
Form 990 Revenue Amount$75,374
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


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Amount of income in 2013: $80,948 (it was $78,300 in 2012)
This organization: 

 $80,948
Other organizations performing similar types of work: 

 $71,328

Assets in 2013: $466,264 (it was $431,825 in 2012)
Beacon Foundation: 

 $466,264
Other organizations performing similar types of work: 

 $50,799

Expenses in 2013: $40,935
This organization: 

 $40,935
Other organizations performing similar types of work: 

 $47,311

Income to expenses ratio in 2013: 2.0
Beacon Foundation: 

 2.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 84.7%
Beacon Foundation: 

 84.7%
Other organizations performing similar types of work: 

 7.7%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$82,806$78,300$75,374
Contributions, gifts, grants, and similar amounts received$77,412$75,015$63,871
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$3,752$3,285$2,573
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$1,642$0$8,930
Gross income from gaming$0$0$0
Gross income from fundraising events$6,298$0$14,504
Less: direct expenses from gaming and fundraising events$4,656$0$5,574
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$76,104$30,942$40,935
Total net assets$384,467$431,825$466,264
Excess/Deficit for the year$6,702$47,358$34,439
Net assets or fund balances at beginning of year$377,765$384,467$431,825
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$384,467$431,825$466,264
Balance Sheets
201120122013
Total assets$385,552$431,825$466,264
Total liabilities$1,085$0$0
Net assets or fund balances$384,467$431,825$466,264
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$417,995
Subtotal Support$417,995
Gifts, grants, contributions, and membership fees received$417,995
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$444,629
Public Support$417,995
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$26,634
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Roswell Park Alliance FoundationElm And Carlton St, Buffalo, NY 14263-0001NY1996-08$28,110,672
2Science Foundation Arizona400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223AZ2006-11$7,919,015
3St Andrews Charitable Foundation6633 Delmar Blvd, St Louis, MO 63130-4505MO2008-01$1,344,641
4Tma Support Corporation2427 M L K Jr Ave Se, Washington, DC 20020-5815DC2006-10$709,645
5Rotary Club Of Coralsprings-Parkland Foundation Inc11873 Nw 2nd Ct, Coral Springs, FL 33071-8017FL2007-03$57,467
6Nexus Community Partners2314 University Ave W Ste 18, Saint Paul, MN 55114-1863MN2011-03$1,305,294
7Trinity First Lutheran School Charitable Trust And Foundation1115 E 19th Street, Minneapolis, MN 55404MN2008-03$1,101,780
8Tix For TotsPO BOX 4086, Saint Paul, MN 55104-0086MN2002-02$1,027,619
9Chatfield Firefighters Activities Association Inc21 2nd St Se, Chatfield, MN 55923-1204MN2011-09$958,706
10Prior Lake Rotary FoundationPo Box271, Prior Lake, MN 55372MN2011-06$912,092
11Friends Of Peb Inc340 5th Ave S, Saint Cloud, MN 56301-4316MN2009-01$747,477
12Charity Aware539 Bielenberg Dr Ste 110, Woodbury, MN 55125-4437MN2012-08$693,242
13Wayzata Sailing FoundationPO BOX 768, Wayzata, MN 55391-0768MN2001-08$547,599
14CompelledPo Box 221, Glenwood, MN 56334MN2009-10$502,891
15Lakes Area Nonprofit Support Foundation826 Summit Ave, Detroit Lakes, MN 56501-2905MN2011-05$483,681
16Convergence Events Inc1121 Jackson St Ne Ste 106, Minneapolis, MN 55413-1582MN2010-04$460,231
17The Possabilities Foundation1808 Third Ave Se, Rochester, MN 55904-7948MN2002-06$421,654
18The Twin Cities Christian Foundation730 2nd Ave S, Minneapolis, MN 55402-3400MN1998-06$387,089
19Samaritan Way19463 Evans St Nw, Elk River, MN 55330-1074MN2011-08$385,124
20St John Lutheran Home Foundation201 S County Road 5, Springfield, MN 56087-2102MN1985-12$317,763
Number of organizations performing similar types of work
Alaska27
Alabama174
Arkansas88
Arizona257
California1,561
Colorado295
Connecticut213
District of Columbia96
Delaware58
Florida937
Georgia405
Hawaii58
Iowa132
Idaho53
Illinois567
Indiana231
Kansas125
Kentucky138
Louisiana149
Massachusetts427
Maryland313
Maine54
Michigan422
Minnesota256
Missouri285
Mississippi53
Montana52
North Carolina382
North Dakota40
Nebraska93
New Hampshire76
New Jersey563
New Mexico62
Nevada84
New York1,186
Ohio529
Oklahoma149
Oregon175
Pennsylvania493
Rhode Island56
South Carolina163
South Dakota36
Tennessee218
Texas929
Utah116
Virginia393
Vermont41
Washington305
Wisconsin211
West Virginia59
Wyoming40
International30
Total13,855

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