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Nonprofiteer
← BEACON OF HOPE PINE ISLAND INC

Form 990 for tax year 2024

Filed by BEACON OF HOPE PINE ISLAND INC.

Totals

Total revenue
$2,138,738
Total expenses
$1,775,219
Contributions and grants received
$1,815,584
Grants paid
$0
Program service revenue
$0
Investment income
$40,647
Other revenue
$282,507
Total assets, end of year
$2,121,897
Total liabilities, end of year
$441,966
Net assets or fund balances, end of year
$1,679,931
Program services expenses (Part IX)
$1,697,717
Management and general expenses
$61,479
Fundraising expenses
$16,023
Program service expenses (Part III)
$1,697,717

Program services were 95.6% 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

    $44,000

  • 1f · All other contributions, gifts and grants

    $1,771,584

  • 1g · Noncash contributions included above

    $5,000

  • 3 · Investment income

    total $36,488 · excluded $36,488

  • 7a · Gross sales of assets other than inventory

    other assets $12,000

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

    other assets $7,841

  • 7c · Gain or loss

    other assets $4,159

  • 7d · Net gain or loss

    total $4,159 · related or exempt $12,000 · excluded -$7,841

  • 8a · Fundraising events: gross income

    $160,728

  • 8c · Net income from fundraising events

    total $160,728 · excluded $160,728

  • 10a · Gross sales of inventory

    $115,163

  • 10b · Cost of goods sold

    $7,181

  • 10c · Net income from sales of inventory

    total $107,982 · related or exempt $107,982

  • 11a · Other revenue: OTHER INCOME

    total $13,617 · excluded $13,617

  • 11b · Other revenue: SALES TAX ALLOWANCE

    total $180 · excluded $180

  • 11e · Other revenue, total

    $13,797

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $228,591 · program services $196,742 · management and general $31,849

  • 9 · Other employee benefits

    total $610 · program services $549 · management and general $61

  • 10 · Payroll taxes

    total $17,586 · program services $15,142 · management and general $2,444

  • 11c · Fees: accounting

    total $17,445 · management and general $17,445

  • 12 · Advertising and promotion

    total $64 · fundraising $64

  • 13 · Office expenses

    total $351 · management and general $351

  • 16 · Occupancy

    total $52,107 · program services $50,184 · management and general $1,923

  • 20 · Interest

    total $18,916 · program services $18,916

  • 22 · Depreciation, depletion and amortization

    total $38,853 · program services $36,133 · management and general $2,720

  • 23 · Insurance

    total $36,155 · program services $35,679 · management and general $476

  • 24a · Other expenses: CLIENT SERVICES

    total $1,315,700 · program services $1,315,700

  • 24b · Other expenses: EVENTS AND FUND RAISING

    total $15,959 · fundraising $15,959

  • 24c · Other expenses: SUPPLIES

    total $6,031 · program services $4,207 · management and general $1,824

  • 24d · Other expenses: VEHICLE

    total $5,919 · program services $5,919

  • 24e · All other expenses

    total $20,932 · program services $18,546 · management and general $2,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,342 · end of year $3,342

  • 2 · Savings and temporary cash investments

    beginning of year $1,003,632 · end of year $1,404,372

  • 4 · Accounts receivable

    beginning of year $152 · end of year $152

  • 8 · Inventories for sale or use

    beginning of year $23,978 · end of year $22,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,772 · end of year $16,720

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

    $870,860

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

    $196,519

  • 10c · Land, buildings and equipment, net

    beginning of year $719,634 · end of year $674,341

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,633 · end of year $55,715

  • 23 · Secured mortgages and notes payable

    beginning of year $400,465 · end of year $386,251

  • 27 · Net assets without donor restrictions

    beginning of year $521,060 · end of year $632,633

  • 28 · Net assets with donor restrictions

    beginning of year $795,352 · end of year $1,047,298

Mission and programs · 2024

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 $1,697,717

As filed on the 2024 return.

Listed in Part VII

  • Ryan Berger

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carlyn Herring

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Karen Hillier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joanne Lembo

    SECRETARY/GR

    Total calculated
    $0
    Hours/week
    1

  • Caryle Regan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jayson Rider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara Riordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elsie Stearns

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dan Williams

    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
2024
Filed
16 March 2025
IRS schema version
2024v5.0
Source object
202500789349301005

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