Totals
- Total revenue
- $675,658
- Total expenses
- $790,104
- Contributions and grants received
- $501,606
- Grants paid
- $0
- Program service revenue
- $174,052
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $631,076
- Total liabilities, end of year
- $12,358
- Net assets or fund balances, end of year
- $618,718
- Program services expenses (Part IX)
- $482,391
- Management and general expenses
- $206,684
- Fundraising expenses
- $101,029
- Program service expenses (Part III)
- $482,391
Program services were 61.1% 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.
-
1e · Government grants (contributions)
$367,915
-
1f · All other contributions, gifts and grants
$133,691
-
1g · Noncash contributions included above
$78,000
-
2a · Program service revenue: PROGRAM SERVICE REVENU
total $174,052 · related or exempt $174,052
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $194,386 · program services $97,813 · management and general $24,453 · fundraising $72,120
-
9 · Other employee benefits
total $5,398 · program services $2,716 · management and general $679 · fundraising $2,003
-
10 · Payroll taxes
total $20,311 · program services $10,220 · management and general $2,555 · fundraising $7,536
-
11b · Fees: legal
total $59,873 · management and general $58,373 · fundraising $1,500
-
11g · Fees: other
total $133,094 · program services $80,682 · management and general $52,412
-
12 · Advertising and promotion
total $28,339 · program services $21,254 · fundraising $7,085
-
13 · Office expenses
total $14,288 · program services $7,144 · management and general $6,929 · fundraising $215
-
14 · Information technology
total $5,547 · program services $4,188 · management and general $1,359
-
16 · Occupancy
total $183,132 · program services $146,506 · management and general $36,626
-
17 · Travel
total $4,450 · program services $4,450
-
19 · Conferences, conventions and meetings
total $46,663 · program services $45,938 · management and general $725
-
22 · Depreciation, depletion and amortization
total $16,832 · program services $12,624 · management and general $3,871 · fundraising $337
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $41,642 · program services $31,232 · management and general $9,578 · fundraising $832
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $20,649 · program services $6,814 · management and general $6,814 · fundraising $7,021
-
24c · Other expenses: SCHOLARSHIPS
total $8,500 · program services $8,500
-
24d · Other expenses: SUPPLIES
total $7,000 · program services $2,310 · management and general $2,310 · fundraising $2,380
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $246,954 · end of year $122,468
-
3 · Pledges and grants receivable
end of year $283,368
-
4 · Accounts receivable
beginning of year $30,290 · end of year $2,150
-
10a · Land, buildings and equipment: cost or other basis
$252,190
-
10b · Land, buildings and equipment: accumulated depreciation
$29,100
-
10c · Land, buildings and equipment, net
beginning of year $237,988 · end of year $223,090
-
17 · Accounts payable and accrued expenses
beginning of year $15,436 · end of year $12,358
-
27 · Net assets without donor restrictions
beginning of year $280,541 · end of year $618,718
-
28 · Net assets with donor restrictions
beginning of year $219,255 · end of year $0
Mission and programs · 2023
Mission
TO CREATE EQUITY STEAM OPPORTUNITIES & CULTIVATE THE TALENT IN MISSISSIPPI BY PROVIDING ACCESS TO TOOLS, KNOWLEDGE, & NETWORKS TO EDUCATE AND STRENGTHEN THE COMMUNITY, STARTING WITH JACKSON, MISSISSIPPI. THE ORGANIZATION'S GOALS INCLUDE EXPOSING PEOPLE TO POSSIBILITIES AND OPPORTUNITIES, GROWING THE TECH ECHOSYTEM, EMPOWERING PEOPLE TO DEVELOP AND SHARE NEW TECH SKILLS, AND MENTORING ENTREPRENEURS AND INNOVATORS THROUGH STEAM CHALLENGES AND CAREERS.
Activities or mission (Part I)
TO PROVIDE ACCESS TO TOOLS, KNOWLEDGE, & NETWORKS FOR STEAM OPPORTUNITIES.
-
DURING THE PAST PROJECT YEAR, THE BEAN PATH WAS ABLE TO NOT ONLY COMPLETE ALL EXPECTED RESULTS, BUT IN MANY CASES EXCEED THEM. THIS YEAR, THE ORGANIZATION CELEBRATED THE 5TH ANNIVERSARY OF THE BEAN PATH AND WANTED TO EXPAND ITS REACH AND IMPACT IN THE COMMUNITY. THE GOAL WAS TO CULTIVATE ENTREPRENEURIAL AND INNOVATIVE TALENT IN MISSISSIPPI THROUGH BEING THE ONE-STOP TECH-FACING SOURCE THAT PROVIDES ACCESS TO THE TOOLS, KNOWLEDGE, AND NETWORK NECESSARY TO EDUCATE, INNOVATE AND BUILD A STRONG, INSPIRED, FUTURE WORKFORCE. THE BEAN PATH PROMISED TO PROVIDE LOW-INCOME AND UNDER-EMPLOYED PROGRAM PARTICIPANTS WITH A GROUP AND/OR INDIVIDUALIZED INSTRUCTION AT NO COST. SUBJECT MATTER EXPERT FACILITATORS INTRODUCED AND IMPARTED NEW CONCEPTS AND METHODOLOGIES THAT BUILD ON DIGITAL LITERACY AWARENESS, DEVELOPMENT, AND IMPLEMENTATION. THE ORGANIZATION PROMISED TO OFFER FREE TO LOW-COST CERTIFIED PROGRAMMING BY EXPANDING COMMUNITY PARTNERSHIPS WITH OTHER ORGANIZATIONS THAT ALIGN WITH THE BEAN PATH'S MISSION.BELOW ARE JUST SOME OF THE SUCCESSES THE ORGANIZATION EXPERIENCED DURING 2023:- OVER 51 COMMUNITY DRIVEN PROGRAMS- OVER 2,200 PEOPLE REACHED- LAUNCH & SUCCESSFUL 2ND YEAR MAKERSPACE SUMMER PROGRAM- HOSTED OVER 33 EDUCATORS DURING EDUCATORS WEEK- HOSTED OVER 40 EDUCATORS DURING STEAM IMMERSION PROGRAM- HOSTED OVER 65 STUDENTS AND PARENTS FOR STEAM MAKERSPACE SHOWCASE & GRADUATION- HOSTED OVER 30 EVENTS AT MAKERSPACE- HIRED 3 FULL TIME STAFF FOR PROGRAMMING- INCREASED DIGITAL ENGAGEMENT (WEBSITE AND SOCIAL MEDIA PLATFORMS)
Expenses $482,391 · Revenue $174,052
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Nashlie SephusDR NASHLIE SEPHUS
CEO
- Total calculated
- $0
- Hours/week
- 1
-
Tamika JenkinsTAMIKA JENKINS
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Creston BurseDR CRESTON BURSE
DEPUTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tonie SephusTONIE SEPHUS
HR & FINANCE OFFICER
- Total calculated
- $0
- Hours/week
- 1
-
Xaviur LevyXAVIUR LEVY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen BrownSTEPHEN BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Theresa KennedyTHERESA KENNEDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nader DabitNADER DABIT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Roderick JacksonRODERICK JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alemesha CampbellALEMESHA CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah LeeSARAH LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amber AveryAMBER AVERY
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349307847
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