Skip to content
Nonprofiteer
← BEYGOOD FOUNDATION

Form 990 for tax year 2022

Filed by BEYGOOD FOUNDATION.

Totals

Total revenue
$43,576,234
Total expenses
$2,240,561
Contributions and grants received
$43,405,813
Grants paid
$1,565,000
Program service revenue
$0
Investment income
$170,421
Other revenue
$0
Total assets, end of year
$42,347,908
Total liabilities, end of year
$1,012,235
Net assets or fund balances, end of year
$41,335,673
Program services expenses (Part IX)
$1,687,164
Management and general expenses
$553,397
Fundraising expenses
$0
Program service expenses (Part III)
$1,687,164

Program services were 75.3% 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

    $43,405,813

  • 1g · Noncash contributions included above

    $25,330

  • 3 · Investment income

    total $170,421 · excluded $170,421

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,565,000 · program services $1,565,000

  • 7 · Other salaries and wages

    total $136,550 · program services $68,275 · management and general $68,275

  • 9 · Other employee benefits

    total $8,298 · program services $4,149 · management and general $4,149

  • 10 · Payroll taxes

    total $10,904 · program services $5,452 · management and general $5,452

  • 11a · Fees: management

    total $21,730 · management and general $21,730

  • 11b · Fees: legal

    total $33,153 · management and general $33,153

  • 11g · Fees: other

    total $442,198 · program services $33,163 · management and general $409,035

  • 12 · Advertising and promotion

    total $600 · program services $600

  • 13 · Office expenses

    total $2,023 · program services $1,350 · management and general $673

  • 17 · Travel

    total $9,175 · program services $9,175

  • 23 · Insurance

    total $10,930 · management and general $10,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $40,806,790

  • 2 · Savings and temporary cash investments

    end of year $212,581

  • 3 · Pledges and grants receivable

    end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    end of year $11,639

  • 15 · Other assets

    beginning of year $0 · end of year $816,898

  • 17 · Accounts payable and accrued expenses

    end of year $195,337

  • 25 · Other liabilities

    beginning of year $0 · end of year $816,898

  • 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 $0 · end of year $41,335,673

Mission and programs · 2022

Mission

ECONOMIC EQUITY BY SUPPORTING ORGANIZATIONS SERVING MARGINALIZED AND UNDER-RESOURCED COMMUNITIES WITH EDUCATIONAL SCHOLARSHIPS, ADVOCACY OF INTERNSHIPS LEADING TO JOB PLACEMENT, AND ENTREPRENEURIAL GRANTS AND PROGRAM SUPPORT FOR SMALL BUSINESS SUSTAINABILITY.

Activities or mission (Part I)

ECONOMIC EQUITY BY SUPPORTING ORGANIZATIONS THAT SERVE MARGINALIZED AND UNDER-SOURCED COMMUNITIES

  • CHARITABLE GIVING PROGRAM SERVING EDUCATIONAL PURPOSES AND THOSE IN NEED OR IN DISTRESS

    Expenses $1,687,164 · Grants $1,565,000

As filed on the 2022 return.

Listed in Part VII

  • TINA KNOWLES-LAWSON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD LAWSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAWANNA BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAI LASSITER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL OPPENHEIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHERYL CREUZOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW STRELKA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • IVY MCGREGOR

    EXECUTIVE DIRECTOR

    Total calculated
    $106,250
    From this org
    $106,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349312224

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.