BEACON FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BEACON FOUNDATION (EIN 85-4065871)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-10
IRS object ID
202201309349102940
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-10T14:05:22-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521446779PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON LAMBERT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14242 SIX FORKS ROAD SUITE 1500AddressLine1Txt
CityRALEIGHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27609ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN854065871EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BEACON FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBEACBusinessNameControlTxt
Phone4018252667PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE BEACON CENTREAddressLine1Txt
CityWARWICKCityNm
State AbbreviationRIStateAbbreviationCd
ZIP028861378ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREGG C TUMEINSKIPersonNm
Person TitleCFO & TREASURERPersonTitleTxt
Phone4018252667PhoneNum
Signature2022-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGREGGPersonFirstNm
Person LastTUMEINSKIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJ CALVIN MARKSPreparerPersonNm
PTINP01226973PTIN
Phone9197196400PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Application PendingYes (X)ApplicationPendingInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,654,348FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$16InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$16InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$41,009DividendsRevAndExpnssAmt
Dividends Net Invst Incm$41,009DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$15,377NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$693,054GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,377CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$56,402TotalRevAndExpnssAmt
Total Net Invst Incm$56,402TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss$5,416LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$5,416LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$16,795OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,084OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$14,711OtherProfFeesDsbrsChrtblAmt
Printing And Pub Rev And Expnss$387PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$0PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl$387PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$114OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$114OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$22,712TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,084TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$20,628TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$109,050ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$109,050ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$131,762TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,084TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$129,678TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$75,360ExcessRevenueOverExpensesAmt
Net Investment Income$54,318NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,500,000CashBOYAmt
Cash EOY$43,238CashEOYAmt
Cash EOYFMV$43,238CashEOYFMVAmt
Sav And Temp Cash Invst EOY$68,857SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$68,857SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$0CorporateStockBOYAmt
Corporate Stock EOY$1,700,944CorporateStockEOYAmt
Corporate Stock EOYFMV$1,700,944CorporateStockEOYFMVAmt
Corporate Bonds BOY$0CorporateBondsBOYAmt
Corporate Bonds EOY$841,309CorporateBondsEOYAmt
Corporate Bonds EOYFMV$841,309CorporateBondsEOYFMVAmt
Total Assets BOY$2,500,000TotalAssetsBOYAmt
Total Assets EOY$2,654,348TotalAssetsEOYAmt
Total Assets EOYFMV$2,654,348TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,500,000NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,654,348NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,500,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,654,348TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,500,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,654,348TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,500,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$75,360ExcessRevenueOverExpensesAmt
Other Increases$229,708OtherIncreasesAmt
Subtotal$2,654,348SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,654,348TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
TREASURY BILLP2021-01-012021-06-18$59,998$59,995$3$3
TREASURY BILLP2021-01-012021-07-22$10,000$10,000$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-02-01$40,120$40,120$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-03-01$42,369$42,369$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-04-26$47,386$47,386$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-05-03$8,793$8,793$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-06-18$8,794$8,794$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-07-21$19,020$19,020$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-08-02$30,041$30,041$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-09-01$32,559$32,559$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-10-01$37,512$37,512$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-11-16$39,426$39,426$0$0
FEDERATED GOVT OBLI FD-ISP2021-01-012021-12-30$59,801$59,801$0$0
UNITED STATES TREASURY NOTEP2021-01-012021-11-16$55,150$55,143$7$7
SPDR S&P 500 ETF TRUSTP2021-01-012021-08-12$48,879$42,127$6,752$6,752
VANGUARD SMALL-CAP ETFP2021-01-012021-07-14$153,206$144,591$8,615$8,615
FieldValueIRS element (for citing)
Capital Gain Net Income$15,377CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$755InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$755SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$755TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$755TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateRIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen0Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1AMY C VITALEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4018252667PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BEACON CENTREAddressLine1Txt
CityWARWICKCityNm
State AbbreviationRIStateAbbreviationCd
ZIP028861378ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BRIAN J SPERO
ONE BEACON CENTREWARWICKRI028861378PRESIDENT, CEO & DIRECTOR1.00$0$0$0
AMY C VITALE
ONE BEACON CENTREWARWICKRI028861378VICE PRESIDENT, SECRETARY & DIRECTOR1.00$0$0$0
GREGG C TUMEINSKI
ONE BEACON CENTREWARWICKRI028861378CFO & TREASURER1.00$0$0$0
PAMELA L ALARIE
ONE BEACON CENTREWARWICKRI028861378DIRECTOR1.00$0$0$0
RAJANI MAHADEVAN
ONE BEACON CENTREWARWICKRI028861378DIRECTOR1.00$0$0$0
RICHARD LENTO
ONE BEACON CENTREWARWICKRI028861378DIRECTOR1.00$0$0$0
RAYMOND C COIA
ONE BEACON CENTREWARWICKRI028861378DIRECTOR1.00$0$0$0
MICHELLE PELLETIER
ONE BEACON CENTREWARWICKRI028861378DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CHARITABLE GIVING AND GRANT MAKING TO 501(C)(3) ORGANIZATIONS. THE FOUNDATION SUPPORTED 50 ORGANIZATIONS DURING THE YEAR.Description1Txt
Expenses1$129,678Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,515,417AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$98,199AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,613,616TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,613,616AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$39,204CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,574,412NetVlNoncharitableAssetsAmt
Minimum Investment Return$128,721MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$128,721MinimumInvestmentReturnAmt
Tax Based On Investment Income$755TaxBasedOnInvestmentIncomeAmt
Total Tax$755TotalTaxAmt
Distributable Before Adj$127,966DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$127,966DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$127,966DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$129,678ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$129,678QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$127,966DistributableAsAdjustedAmt
Undistributed Income PY$5,130UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$129,678QualifyingDistributionsAmt
Applied To Year1$5,130AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$124,548AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$3,418UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonAMY C VITALERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BEACON CENTREAddressLine1Txt
CityWARWICKCityNm
State AbbreviationRIStateAbbreviationCd
ZIP028861378ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4018252681RecipientPhoneNum
Recipient Email AddressAVITALE@BEACONMUTUAL.COMRecipientEmailAddressTxt
Form And Info And MaterialsNAME AND ADDRESS; PRINCIPAL DIRECTOR'S NAME; STATUS AS A QUALIFIED 501 (C)(3) ORGANIZATION; STATEMENT OF THE NATURE AND PRINCIPAL PURPOSE OF THE FUNDING REQUEST; DETAILS ON HOW THE REQUEST WILL IMPROVE THE STATE OF RHODE ISLAND AND SUPPORT ITS BUSINESS, EDUCATIONAL, NONPROFIT AND CULTURAL COMMUNITY; CONTACT INFORMATION FOR THE REQUEST; AND THE WEB ADDRESS. REQUESTS FOR FUNDING OF $5,000 OR LESS SHOULD BE MADE ON THE ORGANIZATION'S LETTERHEAD. REQUESTS OF GREATER THAN $5,000 MAY BE MADE ON A WRITTEN GRANT APPLICATION WHICH, AMONG OTHER DETAILS, MAY INCLUDE THE FOLLOWING: STATEMENT OF THE PRINCIPAL PURPOSE OF THE ORGANIZATION, INCLUDING DETAIL REGARDING ITS PROJECTS AND GOALS; FINANCIAL AUDIT, COMPILATION OR REVIEW; DETAILS OF THE ORGANIZATION'S CURRENT OPERATING BUDGET AND REASONABLE AND ADEQUATE ACCOUNTING PROCEDURE; AND THE ORGANIZATION'S SOURCES OF INCOME, SUCH AS MAJOR CONTRIBUTORS OR SUPPORTERS, OTHER GRANTS, PRIVATE ENDOWMENTS AND COMMERCIAL ACTIVITIES.FormAndInfoAndMaterialsTxt
Submission DeadlinesNOT APPLICABLE, SUBMISSIONS ARE ROLLING.SubmissionDeadlinesTxt
Restrictions On AwardsTHE BOARD, AT ITS DISCRETION, MAY REFUSE TO MAKE ANY GRANTS OR CONTRIBUTIONS OR OTHER FINANCIAL ASSISTANCE. THE BOARD HAS THE DISCRETION TO WITHDRAW ITS APPROVAL OF ANY FUNDING AT ANY TIME. THE BOARD MAY DETERMINE WHEN TO REQUIRE THAT FUNDING RECIPIENTS FURNISH A PERIODIC AND/OR FINAL ACCOUNTING TO SHOW THAT THE FUNDS WERE EXPENDED FOR BOARD-APPROVED PURPOSES. IF INSUFFICIENT INFORMATION IS PROVIDED, THE BOARD MAY REQUEST FURTHER INFORMATION. ALL DECISIONS ARE AT THE SOLE DISCRETION OF THE BOARD. UNLESS OTHERWISE DETERMINED BY THE BOARD, AWARDED GRANTS MUST BE SPENT WITHIN ONE YEAR OF THE FUNDING DATE OR THE FUNDS MUST BE RETURNED. IN THE EVENT THAT THE ORIGINAL PURPOSE FOR WHICH THE GRANT WAS PROVIDED CANNOT BE ACCOMPLISHED BECAUSE OF UNFORESEEN EVENTS OR CIRCUMSTANCES, GRANT FUNDS WILL BE RETURNED TO THE FOUNDATION. ANY REQUESTS TO CHANGE THE PURPOSE OF THE GRANT MUST BE SUBMITTED IN WRITING TO THE BOARD, AND CHANGE REQUESTS MUST BE SUBMITTED AND APPROVED PRIOR TO USE OF THE FUNDS.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (50 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INSTITUTE FOR LABOR STUDIES & RESEARCH
1540 PONTIAC AVE STE ACRANSTONRI02920PCGENERAL SUPPORT$20,000
AMOS HOUSE
460 PINE STPROVIDENCERI02907PCGENERAL SUPPORT$5,000
BISHOP FEEHAN HIGH SCHOOL
70 HOLCOTT DRATTLEBOROMA02703PCGENERAL SUPPORT$5,000
CPCU SOCIETY RHODE ISLAND CHAPTER
100 AMICA WYLINCOLNRI02865PCGENERAL SUPPORT$5,000
RI COMMUNITY FOOD BANK
200 NIANTIC AVEPROVIDENCERI02907PCGENERAL SUPPORT$5,000
COMMUNITY COLLEGE OF RHODE ISLAND
1762 LOUISQUISSET PKLINCOLNRI02865GOVGENERAL SUPPORT$3,500
NEWPORT COUNTY YMCA
792 VALLEY RDMIDDLETOWNRI02842PCGENERAL SUPPORT$3,500
RONALD MCDONALD HOUSE CHARITIES OF NE
45 GAY STPROVIDENCERI02905PCGENERAL SUPPORT$3,000
SPECIAL OLYMPICS RI
370 GEORGE WASHINGTON HWYSMITHFIELDRI02917PCGENERAL SUPPORT$3,000
CROSSROADS
160 BROAD STPROVIDENCERI02903PCGENERAL SUPPORT$2,500
FIRSTWORKS
275 WESTMINSTER STPROVIDENCERI02903PCGENERAL SUPPORT$2,500
GREGGS GIVING TREE
214B MAIN STGREENWICHRI02818PCGENERAL SUPPORT$2,500
DR MARTIN LUTHER KING JR COMMUNITY CENTER
20 DR MARCUS WHEATLAND BLVDNEWPORTRI02840PCGENERAL SUPPORT$2,500
NAACP
7 THOMAS P WHITTEN WYPROVIDENCERI02903501(C)(4)GENERAL SUPPORT$2,500
PACE- RI
225 CHAPMAN STPROVIDENCERI02905PCGENERAL SUPPORT$2,500
PRIDE
PO BOX 1082PROVIDENCERI02901PCGENERAL SUPPORT$2,500
SOJOURNER HOUSE
386 SMITH STPROVIDENCERI02908PCGENERAL SUPPORT$2,500
UNITED WAY OF RI
50 VALLEY STPROVIDENCERI02909PCGENERAL SUPPORT$2,500
CLOTHES TO KIDS RI INC
77 RESERVOIR AVEPROVIDENCERI02907PCGENERAL SUPPORT$2,000
THE SALVATION ARMY SOUTHERN NEW ENGLAND
440 WEST NYACK RDWEST NYACKNY10994PCGENERAL SUPPORT$2,000
AMERICAN HEART ASSOCIATION
1 STATE STPROVIDENCERI02908PCGENERAL SUPPORT$1,600
CHILDREN'S FRIEND
153 SUMMER STPROVIDENCERI02903PCGENERAL SUPPORT$1,500
ST MARY'S HOME FOR CHILDREN
440 FRUIT HILL AVENORTH PROVIDENCERI02911PCGENERAL SUPPORT$1,500
RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL
667 WATERMAN AVEEAST PROVIDENCERI02914PCGENERAL SUPPORT$1,500
UNCONDITIONAL FREEDOM
1275 FOURTH ST NO 3220SANTA ROSACA95404PCGENERAL SUPPORT$1,500
YMCA OF GREATER PROVIDENCE
21 PEACE ST FL 6PROVIDENCERI02907PCGENERAL SUPPORT$1,500
HOPEHEALTH HOSPICE & PALLIATIVE CARE RI
1085 NORTH MAIN STPROVIDENCERI02904PCGENERAL SUPPORT$1,100
ALS ASSOCIATION OF RHODE ISLAND CHAPTER
2374 POST RD STE 103WARWICKRI02886PCGENERAL SUPPORT$1,000
BIG BROTHERS BIG SISTERS OF RI
1540 PONTIAC AVE NO 2CRANSTONRI02920PCGENERAL SUPPORT$1,000
BOYS AND GIRLS CLUB OF EAST PROVIDENCE
115 WILLIAMS AVEPROVIDENCERI02914PCGENERAL SUPPORT$1,000
BOYS AND GIRLS CLUB OF NORTHERN RI
72 KENDRICK AVEWOONSOCKETRI02895PCGENERAL SUPPORT$1,000
BOYS AND GIRLS CLUB OF PAWTUCKET
ONE MOELLER PLPAWTUCKETRI02860PCGENERAL SUPPORT$1,000
BOYS AND GIRLS CLUBS OF WARWICK
42 FREDERICK STWARWICKRI02888PCGENERAL SUPPORT$1,000
CHILD AND FAMILY SERVICES OF NEWPORT COUNTY
31 JOHN CLARKE RDMIDDLETOWNRI02842PCGENERAL SUPPORT$1,000
CONNECTING CHILDREN & FAMILIES
46 HOPE STWOONSOCKETRI02895PCGENERAL SUPPORT$1,000
FAMILY SERVICES OF RI INC
55 HOPE ST PO BOX 6688PROVIDENCERI02940PCGENERAL SUPPORT$1,000
FRIENDS WAY
765 WEST SHORE RDWARWICKRI02889PCGENERAL SUPPORT$1,000
HORACE MANN EDUCATIONAL ASSOCIATES
8 FORGE PKEAST FRANKLINMA02038PCGENERAL SUPPORT$1,000
HOUSE OF HOPE COMMUNITY DEVELOPMENT CORP
3188 POST RDWARWICKRI02886PCGENERAL SUPPORT$1,000
MCAULEY MINISTRIES
622 ELMWOOD AVE PO BOX 73195PROVIDENCERI02907PCGENERAL SUPPORT$1,000
RESIDENTIAL CONSTRUCTION WORKFORCE
450 VETERANS MEMORIAL PKY STE 301EAST PROVIDENCERI02914PCGENERAL SUPPORT$1,000
THUNDERMIST HEALTH CENTER
25 JOHN A CUMMINGS WYWOONSOCKETRI02895PCGENERAL SUPPORT$1,000
WE SHARE HOPE
310 BOURNE AVE BDG 70RUMFORDRI02916PCGENERAL SUPPORT$1,000
THE ARC OF BLACKSTONE VALLEY
500 PROSPECT ST N 203PAWTUCKETRI02860PCGENERAL SUPPORT$500
EASTER SEALS OF RI
320 PHILLIPS ST STE 103NORTH KINGSTOWNRI02852PCGENERAL SUPPORT$500
J ARTHUR TRUDEAU MEMORIAL CENTER
3445 POST RDWARWICKRI02886PCGENERAL SUPPORT$500
PAN MASSACHUSETTS CHALLENGE INC
77 FOURTH AVENEEDHAMMA02494PCGENERAL SUPPORT$500
CITY OF WARWICK NEIGHBORS HELPING NEIGHBORS
27 PILGRIM PKWYWARWICKRI02888GOVGENERAL SUPPORT$500
WOOD RIVER HEALTH SERVICES
823 MAIN STVALLEYRI02832PCGENERAL SUPPORT$500
WARWICK CENTER FOR THE ARTS
3259 POST RDWARWICKRI02886PCGENERAL SUPPORT$350
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$109,050TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$41,009ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,377ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$56,402ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$56,402TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationUNDER RHODE ISLAND LAW, THE BEACON FOUNDATION IS NOT REQUIRED TO FURNISH A COPY OF ITS 990-PF FILING TO THE ATTORNEY GENERAL FOR THE STATE OF RHODE ISLAND.ExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
EOY Book Value$841,309EOYBookValueAmt
EOYFMV$841,309EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$1,700,944EOYBookValueAmt
EOYFMV$1,700,944EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$5,416LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$5,416DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES$93$0$93
MISCELLANEOUS$21$0$21

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINSDesc
Amt$229,708Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING$14,711$0$14,711
INVESTMENT EXPENSE$2,084$2,084$0

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