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← BEAN FACTORY

Form 990 for tax year 2024

Filed by BEAN FACTORY.

Totals

Total revenue
$70,084
Total expenses
$258,609
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$115
Other revenue
$69,969
Total assets, end of year
$5,971,634
Total liabilities, end of year
$6,475,677
Net assets or fund balances, end of year
-$504,043
Program services expenses (Part IX)
$258,609
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$258,609

Program services were 100.0% 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.

  • 3 · Investment income

    total $115 · excluded $115

  • 6a · Gross rents

    real property $69,969

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $69,969

  • 6d · Net rental income or loss

    total $69,969 · related or exempt $69,969

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $50,000 · program services $50,000

  • 11c · Fees: accounting

    total $23,410 · program services $23,410

  • 13 · Office expenses

    total $3 · program services $3

  • 20 · Interest

    total $46,559 · program services $46,559

  • 22 · Depreciation, depletion and amortization

    total $138,637 · program services $138,637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,843 · end of year $178,843

  • 2 · Savings and temporary cash investments

    beginning of year $19,839 · end of year $19,951

  • 10a · Land, buildings and equipment: cost or other basis

    $6,184,352

  • 10b · Land, buildings and equipment: accumulated depreciation

    $411,512

  • 10c · Land, buildings and equipment, net

    beginning of year $5,900,383 · end of year $5,772,840

  • 23 · Secured mortgages and notes payable

    beginning of year $6,464,583 · end of year $6,475,677

  • 27 · Net assets without donor restrictions

    beginning of year -$315,518 · end of year -$504,043

Mission and programs · 2024

Mission

THE BEAN FACTORY IS A SUPPORTING ORGANIZATION OF WOMEN'S BEAN PROJECT AND STRIVES TO ASSIST WOMEN'S BEAN PROJECT IN CARRYING OUT ITS MISSION TO BREAK THE CYCLE OF CHRONIC UNEMPLOYMENT AND POVERTY BY HELPING WOMEN DISCOVER THEIR TALENTS AND DEVELOPING SKILLS (CONTINUE ON SCH O) BY OFFERING JOB READINESS AND TRAINING OPPORTUNITIES.

Activities or mission (Part I)

THE BEAN FACTORY IS A SUPPORTING ORGANIZATION OF WOMEN'S BEAN PROJECT (CONTINUE ON SCHEDULE O)AND STRIVES TO ASSIST WOMEN'S BEAN PROJECT IN CARRYING OUT ITS MISSION TO BREAK THE CYCLE OF CHRONIC UNEMPLOYMENT AND POVERTY BY HELPING WOMEN DISCOVER THEIR TALENTS AND DEVELOPING SKILLS BY OFFERING JOB READINESS AND TRAINING OPPORTUNITIES.

  • ESTABLISHED TO SERVE WOMEN'S BEAN PROJECT AND THEIR MISSION. NEW MARKET TAX CREDIT HOLDING ENTITY.

    Expenses $258,609 · Revenue $69,969

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tamra Ryan

    CEO (THRU 06/25)

    Total calculated
    $131,098
    From this org
    $0
    From related orgs
    $127,759
    Other
    $3,339
    Hours/week
    5 + 50 related

  • Shelby Mattingly

    CEO (START 06/25)

    Total calculated
    $0
    Hours/week
    5 + 50 related

  • Leslie Karnauskas

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Driscoll

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Amy Graden

    DIRECTOR

    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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 November 2025
IRS schema version
2024v5.2
Source object
202533519349300628

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