Form 990 for tax year 2023

Filed by BEACON OF HOPE PINE ISLAND INC.

Totals

Total revenue: $1,541,859
Total expenses: $1,041,337
Contributions and grants received: $1,364,854
Grants paid: $0
Program service revenue: $0
Investment income: $3,279
Other revenue: $173,726
Total assets, end of year: $1,775,510
Total liabilities, end of year: $459,098
Net assets or fund balances, end of year: $1,316,412
Program services expenses (Part IX): $958,751
Management and general expenses: $66,208
Fundraising expenses: $16,378
Program service expenses (Part III): $958,751

Program services were 92.1% 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

$54,000
1f · All other contributions, gifts and grants

$1,310,854
3 · Investment income

total $3,279 · excluded $3,279
8a · Fundraising events: gross income

$59,555
8c · Net income from fundraising events

total $59,555 · excluded $59,555
10a · Gross sales of inventory

$121,756
10b · Cost of goods sold

$7,781
10c · Net income from sales of inventory

total $113,975 · related or exempt $113,975
11a · Other revenue: OTHER

total $196 · excluded $196
11e · Other revenue, total

$196

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $178,492 · program services $157,258 · management and general $21,234
11c · Fees: accounting

total $3,582 · management and general $3,582
12 · Advertising and promotion

total $1,035 · fundraising $1,035
13 · Office expenses

total $306 · management and general $306
16 · Occupancy

total $34,428 · program services $33,147 · management and general $1,281
20 · Interest

total $19,505 · program services $19,505
22 · Depreciation, depletion and amortization

total $29,635 · program services $27,561 · management and general $2,074
23 · Insurance

total $27,651 · program services $27,184 · management and general $467
24a · Other expenses: CLIENT SERVICES

total $700,514 · program services $674,125 · management and general $26,389
24b · Other expenses: EVENTS AND FUND RAISING

total $15,343 · fundraising $15,343
24c · Other expenses: OPERATIONAL

total $9,100 · program services $1,040 · management and general $8,060
24d · Other expenses: SUPPLIES

total $8,982 · program services $7,693 · management and general $1,289
24e · All other expenses

total $12,764 · program services $11,238 · management and general $1,526

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $148 · end of year $3,342
2 · Savings and temporary cash investments

beginning of year $566,179 · end of year $1,003,632
4 · Accounts receivable

beginning of year $152 · end of year $152
8 · Inventories for sale or use

beginning of year $13,987 · end of year $23,978
9 · Prepaid expenses and deferred charges

beginning of year $200 · end of year $24,772
10a · Land, buildings and equipment: cost or other basis

$891,861
10b · Land, buildings and equipment: accumulated depreciation

$172,227
10c · Land, buildings and equipment, net

beginning of year $507,182 · end of year $719,634
11 · Investments: publicly traded securities

beginning of year $7,120
17 · Accounts payable and accrued expenses

beginning of year $13,508 · end of year $58,633
23 · Secured mortgages and notes payable

beginning of year $416,568 · end of year $400,465
27 · Net assets without donor restrictions

beginning of year $376,629 · end of year $521,060
28 · Net assets with donor restrictions

beginning of year $288,263 · end of year $795,352

Mission and programs · 2023

Mission

TO ADDRESS AND RESPOND TO THE IMMEDIATE AND EMERGING NEEDS OF RESIDENTS OF THE "GREATER PINE ISLAND" COMMUNITY.

TO PROVIDE A SAFETY NET FOR THOSE WHO FAIL TO QUALIFY FOR LOCAL, STATE OR FEDERAL ASSISTANCE IN TIME OF NEED; TO PROVIDE FOR EMOTIONAL, SPIRITUAL, MENTAL HEALTH AND ECONOMIC SUPPORT AS THE NEED ARISES; TO ADVOCATE FOR ON-GOING PREPAREDNESS WITHIN THE COMMUNITY AND COOPERATION WITH GOVERNMENTAL AND VOLUNTARY AGENCIES ACTIVE IN DISASTER; TO PROVIDE ASSISTANCE THROUGH NETWORKING WITH OTHER SUPPORT ORGANIZATIONS AND JOB TRAINING TO BETTER SERVICE THE NEEDS OF INDIVIDUALS WITHOUT DUPLICATION OF BENEFITS.

Expenses $958,751

As filed on the 2023 return.

Listed in Part VII

Dr Daniel HanleyDR DANIEL HANLEY

DIRECTOR

Total calculated

$0

Hours/week

0.5
Carlyn HerringCARLYN HERRING

DIRECTOR

Total calculated

$0

Hours/week

0.5
George MillerGEORGE MILLER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Caryle ReganCARYLE REGAN

PRESIDENT

Total calculated

$0

Hours/week

1
Jayson RiderJAYSON RIDER

DIRECTOR

Total calculated

$0

Hours/week

0.5
Barbara RiordanBARBARA RIORDAN

DIRECTOR

Total calculated

$0

Hours/week

0.5
Mary RyanMARY RYAN

SECRETARY

Total calculated

$0

Hours/week

1
Elsie StearnsELSIE STEARNS

VICE PRESIDE

Total calculated

$0

Hours/week

1
Kendra TurnerKENDRA TURNER

DIRECTOR

Total calculated

$0

Hours/week

0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 9 January 2025
IRS schema version: 2023v6.0
Source object: 202520239349300407

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.