Form 990 for tax year 2022

Filed by BEACON HILL PREPARATORY INSTITUTE.

Totals

Total revenue: $4,331,601
Total expenses: $3,233,219
Contributions and grants received: $1,620,601
Grants paid: $0
Program service revenue: $2,707,483
Investment income: $3,517
Other revenue: $0
Total assets, end of year: $2,150,402
Total liabilities, end of year: $175,835
Net assets or fund balances, end of year: $1,974,567
Program services expenses (Part IX): $2,597,598
Management and general expenses: $452,380
Fundraising expenses: $183,241
Program service expenses (Part III): $2,597,598

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$34,802
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$1,585,799
1g · Noncash contributions included above

$35,767
2a · Program service revenue: In-School Tutoring

total $2,301,547 · related or exempt $2,301,547 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $405,936 · related or exempt $405,936 · unrelated business $0 · excluded $0
3 · Investment income

total $3,517 · related or exempt $0 · unrelated business $0 · excluded $3,517
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $148,311 · program services $118,649 · management and general $14,831 · fundraising $14,831
7 · Other salaries and wages

total $2,043,981 · program services $1,880,463 · management and general $61,319 · fundraising $102,199
9 · Other employee benefits

total $161,033 · program services $83,099 · management and general $73,146 · fundraising $4,788
10 · Payroll taxes

total $168,432 · program services $154,957 · management and general $5,053 · fundraising $8,422
11b · Fees: legal

total $3,375 · management and general $3,375
11c · Fees: accounting

total $40,278 · management and general $40,278
11e · Fees: professional fundraising services

total $32,306 · fundraising $32,306
11g · Fees: other

total $92,611 · program services $32,530 · management and general $60,081
12 · Advertising and promotion

total $15,195 · management and general $905 · fundraising $14,290
13 · Office expenses

total $427,966 · program services $325,352 · management and general $98,955 · fundraising $3,659
14 · Information technology

total $44,888 · program services $1,520 · management and general $42,422 · fundraising $946
16 · Occupancy

total $18,490 · management and general $18,490
17 · Travel

total $11,580 · program services $1,028 · management and general $8,892 · fundraising $1,660
19 · Conferences, conventions and meetings

total $5,597 · management and general $5,457 · fundraising $140
20 · Interest

total $12,318 · management and general $12,318
23 · Insurance

total $6,858 · management and general $6,858

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $343,813 · end of year $646,192
2 · Savings and temporary cash investments

beginning of year $755,032 · end of year $1,151,879
4 · Accounts receivable

beginning of year $16,924 · end of year $340,389
8 · Inventories for sale or use

beginning of year $15,415 · end of year $10,633
9 · Prepaid expenses and deferred charges

end of year $1,309
17 · Accounts payable and accrued expenses

beginning of year $104,999 · end of year $27,316
24 · Unsecured notes and loans payable

beginning of year $150,000 · end of year $148,519
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $826,185 · end of year $1,674,567
28 · Net assets with donor restrictions

beginning of year $50,000 · end of year $300,000

Mission and programs · 2022

Mission

Beacon Hill supplements existing school systems and prepares students and families for success by providing reading and math tutoring, parent education, college preparation, and enrichment activities for students in South Dallas and surrounding communities.

Beacon Hill provides in-school math and reading tutoring for low-income K- 5th grade students in public and charter schools in the Dallas/Fort Worth area. Each child receives about 2 hours of tutoring per week for 30 weeks. Tutoring is provided by trained teachers at a 1:3 teacher/student ratio using proven, structured curriculum (gideonmathandreading.com). Supplemental programs are also provided, such as Enrichments, Incentives and Parent workshops, to enhance the student's educational journey and inform and engage parents in the academic process.

Expenses $2,081,502 · Revenue $2,301,547
Beacon Hill's after-school and summer bridge programming changes the lives of children & parents through: 1. Assisted Math (Preschool-2nd grade): Tutoring to young learners at a student to teacher ratio of 3 to 1. Proven materials are used to conduct a math assessment, develop a student profile and then provide individualized, self-paced tutoring. 2. Math for Independent Learners (3rd-12th grade): As students progress in their capacity they are moved to a more independent learning environment where the tutoring ratio is 4:1. 3. Assisted Reading Learners (Preschool-2nd grade): uses the same approach as the In-School Literacy Tutoring program (above). 4. Reading for Comprehension (3rd - 12th grade). This program is taught using the Gideon curriculum at a 4 to 1 student/teacher ratio. 5. Parent Academy - Parent workshops to inform and engage parents in their child's educational journey.

Expenses $516,096 · Revenue $405,936

As filed on the 2022 return.

Listed in Part VII

Charnella Derry

President & CEO

Total calculated

$150,766

From this org

$144,501

From related orgs

$0

Other

$6,265

Hours/week

40

Schedule J breakdown matched by us

Base

$144,501

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$6,265

Filer's total

$150,766
Robert T Bisor

Board Chair

Total calculated

$0

Hours/week

4
Troy Higgins

Vice Chairman

Total calculated

$0

Hours/week

1
Jan M Hamlin

Treasurer

Total calculated

$0

Hours/week

7
Vista Lyons

Secretary

Total calculated

$0

Hours/week

1
David Sheahan

Board Member

Total calculated

$0

Hours/week

1
Sharon Steele

Board Member

Total calculated

$0

Hours/week

3
Adam Rivers

Board Member

Total calculated

$0

Hours/week

2
Sile Robinson

Board Member

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3: The Board meets and approves compensation for Executive Director based on market analysis (Headcount, Revenue, Mission, etc) of comparative organizations.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 8 March 2024
IRS schema version: 2022v5.0
Source object: 202430739349300118

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.