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← BEMC 4 ASSOCIATION

Form 990 for tax year 2022

Filed by BEMC 4 ASSOCIATION.

Totals

Total revenue
$4,134,402
Total expenses
$15,121,636
Contributions and grants received
$2,000,000
Grants paid
$15,100,000
Program service revenue
$0
Investment income
$2,134,402
Other revenue
$0
Total assets, end of year
$2,078,364
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,078,364
Program services expenses (Part IX)
$15,100,000
Management and general expenses
$21,636
Fundraising expenses
$0
Program service expenses (Part III)
$15,100,000

Program services were 99.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,000,000

  • 1g · Noncash contributions included above

    $2,000,000

  • 3 · Investment income

    total $200,000 · excluded $200,000

  • 7a · Gross sales of assets other than inventory

    other assets $2,000,000

  • 7b · Less cost or other basis and sales expenses

    other assets $65,598

  • 7c · Gain or loss

    other assets $1,934,402

  • 7d · Net gain or loss

    total $1,934,402 · excluded $1,934,402

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,100,000 · program services $15,100,000

  • 11b · Fees: legal

    total $21,317 · management and general $21,317

  • 24a · Other expenses: WIRE TRANSFER FEES

    total $240 · management and general $240

  • 24b · Other expenses: SUPPLIES

    total $79 · management and general $79

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $78,364

  • 7 · Other notes and loans receivable

    beginning of year $15,000,000 · end of year $2,000,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,000,000 · end of year $2,078,364

Mission and programs · 2022

Mission

TO ENGAGE, AND ADVOCATE FOR, HIGH IMPACT STRATEGIES FOR SAVING AND IMPROVING LIVES THROUGH THE WORLD AND GIVING A VOICE TO UNDERREPRESENTED GROUPS.

  • TO ENGAGE, AND ADVOCATE FOR, HIGH IMPACT STRATEGIES FOR SAVING AND IMPROVING LIVES THROUGH THE WORLD AND GIVING A VOICE TO UNDERREPRESENTED GROUPS:BEMC 4 ASSOCIATION WILL ACCOMPLISH THIS ACTIVITY BY PROVIDING SUPPORT DIRECTLY OR BY PROVIDING GRANTS TO ORGANIZATIONS DESCRIBED IN THE SECTION 501(C)(4).

    Expenses $15,100,000 · Grants $15,100,000

As filed on the 2022 return.

Listed in Part VII

  • James McClave

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Emily Berger

    SEC

    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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BEMC FOUNDATION

    501(C)(3) · MAKE CONTRIBUTIONS TO PRESELECTED CHARITABLE ORGANIZATIONS · NY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BEMC 4 HOLDINGS LLC

    INVESTMENTS · NY · income $200,000 · assets $2,000,000

    Directly controlled by BEMC 4 ASSOCIATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303209349302555

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