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Nonprofiteer
← BEAN PATH

Form 990 for tax year 2024

Filed by BEAN PATH.

Totals

Total revenue
$747,145
Total expenses
$865,250
Contributions and grants received
$662,748
Grants paid
$0
Program service revenue
$84,397
Investment income
$0
Other revenue
$0
Total assets, end of year
$533,772
Total liabilities, end of year
$33,159
Net assets or fund balances, end of year
$500,613
Program services expenses (Part IX)
$616,986
Management and general expenses
$157,377
Fundraising expenses
$90,887
Program service expenses (Part III)
$616,986

Program services were 71.3% 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

    $662,748

  • 2a · Program service revenue: CONTRACTED SERVICES

    total $65,897 · related or exempt $65,897

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $13,655 · related or exempt $13,655

  • 2c · Program service revenue: SALES

    total $4,845 · related or exempt $4,845

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $78,100 · program services $58,575 · management and general $11,715 · fundraising $7,810

  • 7 · Other salaries and wages

    total $110,333 · program services $82,750 · management and general $16,550 · fundraising $11,033

  • 9 · Other employee benefits

    total $770 · program services $578 · management and general $116 · fundraising $76

  • 10 · Payroll taxes

    total $14,210 · program services $10,658 · management and general $2,132 · fundraising $1,420

  • 11c · Fees: accounting

    total $10,105 · management and general $10,105

  • 11g · Fees: other

    total $320,117 · program services $215,711 · management and general $72,180 · fundraising $32,226

  • 12 · Advertising and promotion

    total $35,897 · program services $26,923 · fundraising $8,974

  • 13 · Office expenses

    total $24,113 · program services $18,085 · management and general $3,617 · fundraising $2,411

  • 14 · Information technology

    total $14,917 · program services $11,188 · management and general $2,238 · fundraising $1,491

  • 16 · Occupancy

    total $124,692 · program services $93,519 · management and general $18,704 · fundraising $12,469

  • 17 · Travel

    total $2,755 · program services $2,066 · management and general $413 · fundraising $276

  • 19 · Conferences, conventions and meetings

    total $5,910 · program services $4,433 · management and general $887 · fundraising $590

  • 22 · Depreciation, depletion and amortization

    total $19,522 · program services $14,642 · management and general $2,928 · fundraising $1,952

  • 23 · Insurance

    total $2,207 · program services $1,655 · management and general $552

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $51,174 · program services $38,381 · management and general $7,676 · fundraising $5,117

  • 24b · Other expenses: SUPPLIES

    total $27,820 · program services $20,865 · management and general $4,173 · fundraising $2,782

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $15,206 · program services $11,405 · management and general $2,281 · fundraising $1,520

  • 24d · Other expenses: COMMUNICATION AND MEDIA

    total $7,402 · program services $5,552 · management and general $1,110 · fundraising $740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,468 · end of year $324,204

  • 3 · Pledges and grants receivable

    beginning of year $283,368

  • 4 · Accounts receivable

    beginning of year $2,150

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

    $258,190

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

    $48,622

  • 10c · Land, buildings and equipment, net

    beginning of year $223,090 · end of year $209,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,358 · end of year $33,159

  • 27 · Net assets without donor restrictions

    beginning of year $618,718 · end of year $275,711

  • 28 · Net assets with donor restrictions

    end of year $224,902

Mission and programs · 2024

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 6TH 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 2024:- HIRED 9 CONTRACTORS THIS YEAR TO ASSIST WITH AN AMBASSADOR PROGRAM, SOFTWARE DEVELOPMENT, PARTNERSHIP MANAGEMENT, LEGISLATIVE ASSISTANCE, AND INFORMATION TECHNOLOGY. - LAUNCHED ITS FIRST APP SPONSORED BY ENTERGY- LAUNCHED A NEW PROGRAM "STEAM TUESDAYS", WHICH IS AN AFTERSCHOOL PROGRAM FOR YOUTH K-12- COMPLETED THE 3RD COHORT OF OATS IN DECEMBER. TWO NEW CLASSES GRADUATED AND ALUMNI CLASSES CONTINUE TO RETURN FOR NEXT LEVEL TRAINING. - HOSTED THREE TECH TALKS AND HAD APPROXIMATELY 50 PEOPLE IN ATTENDANCE- 206 UNIQUE INDIVIDUALS ATTENDED THE MAKERSPACE CLASSES (NOT COUNTING ANNIVERSARY EVENTS)- SIPP AND CLASSES ARE A HIT AND BEAN PATH IS HOPEFUL THAT IT WILL HAVE MORE ATTENDEES AND BE MORE PROFITABLE- MULTIPLE YOUTH ROBOTICS CLUBS ARE GOING WELL. BEAN PATH HOSTED A ROBOTIC SCRIMMAGE AND APPROXIMATELY 8 YOUTHS PARTICIPATED IN THE COMPETITION. -HIGHEST ATTENDED EVENT IN DECEMBER OATS GRADUATION WITH 50+ ATTENDEES

    Expenses $616,986 · Revenue $84,397

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

Listed in Part VII

  • Dr Nashlie Sephus

    CEO

    Total calculated
    $0
    Hours/week
    1

  • Xaviur Levy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Theresa Kennedy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nader Dabit

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roderick Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alemesha Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amber Avery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tamika Jenkins

    EXECUTIVE DIRECTOR

    Total calculated
    $43,269
    From this org
    $43,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Creston Burse

    DEPUTY DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tonie Sephus

    HR & FINANCE OFFICER

    Total calculated
    $19,831
    From this org
    $19,831
    From related orgs
    $0
    Other
    $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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349317140

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