Totals
- Total revenue
- $2,422,017
- Total expenses
- $2,438,526
- Contributions and grants received
- $2,334,640
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $87,377
- Other revenue
- $0
- Total assets, end of year
- $2,600,845
- Total liabilities, end of year
- $69,193
- Net assets or fund balances, end of year
- $2,531,652
- Program services expenses (Part IX)
- $1,907,662
- Management and general expenses
- $155,071
- Fundraising expenses
- $375,793
- Program service expenses (Part III)
- $1,907,662
Program services were 78.2% 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
$2,334,640
-
3 · Investment income
total $87,377 · excluded $87,377
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $872,894 · program services $655,029 · management and general $56,763 · fundraising $161,102
-
7 · Other salaries and wages
total $883,242 · program services $662,794 · management and general $57,435 · fundraising $163,013
-
9 · Other employee benefits
total $113,339 · program services $85,328 · management and general $7,081 · fundraising $20,930
-
11c · Fees: accounting
total $24,037 · program services $8,188 · management and general $15,849
-
11g · Fees: other
total $40,528 · program services $40,528
-
12 · Advertising and promotion
total $117,255 · program services $117,255
-
14 · Information technology
total $50,995 · program services $50,995
-
16 · Occupancy
total $37,190 · program services $27,999 · management and general $2,323 · fundraising $6,868
-
17 · Travel
total $53,038 · program services $53,038
-
22 · Depreciation, depletion and amortization
total $2,613 · program services $1,967 · management and general $163 · fundraising $483
-
23 · Insurance
total $7,369 · management and general $7,369
-
24a · Other expenses: EVENTS
total $84,845 · program services $84,845
-
24b · Other expenses: TRAINING
total $54,186 · program services $53,961 · fundraising $225
-
24c · Other expenses: PRINTING
total $37,185 · program services $19,438 · fundraising $17,747
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $15,914 · program services $11,981 · management and general $994 · fundraising $2,939
-
24e · All other expenses
total $43,896 · program services $34,316 · management and general $7,094 · fundraising $2,486
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,530,729 · end of year $2,534,754
-
3 · Pledges and grants receivable
beginning of year $15,000 · end of year $15,000
-
9 · Prepaid expenses and deferred charges
beginning of year $2,173 · end of year $2,173
-
10a · Land, buildings and equipment: cost or other basis
$59,103
-
10b · Land, buildings and equipment: accumulated depreciation
$58,550
-
10c · Land, buildings and equipment, net
beginning of year $3,423 · end of year $553
-
15 · Other assets
beginning of year $82,855 · end of year $48,365
-
17 · Accounts payable and accrued expenses
beginning of year $8,071 · end of year $25,735
-
24 · Unsecured notes and loans payable
beginning of year $32,268 · end of year $34,593
-
25 · Other liabilities
beginning of year $45,680 · end of year $8,865
-
27 · Net assets without donor restrictions
beginning of year $2,386,667 · end of year $2,448,264
-
28 · Net assets with donor restrictions
beginning of year $161,494 · end of year $83,388
Mission and programs · 2024
Mission
THE BEACON CENTER OF TENNESSEE IS AN INDEPENDENT, NONPROFIT AND NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO PROVIDING CONCERNED CITIZENS, THE MEDIA AND PUBLIC LEADERS WITH EXPERT EMPIRICAL RESEARCH AND TIMELY FREE MARKET POLICY SOLUTIONS TO PUBLIC POLICY ISSUES IN TENNESSEE. THE BEACON CENTER EMPOWERS TENNESSEANS TO RECLAIM CONTROL OF THEIR LIVES, SO THAT THEY CAN FREELY PURSUE THEIR VERSION OF THE AMERICAN DREAM.
-
RESEARCH AND POLICY ANALYSIS - CONDUCTING RESEARCH INTO VARIOUS POLICY REFORMS AND DETERMINING THE IMPACT THEY HAVE ON TENNESSEEANS' LIVES; PUBLISHING RESEARCH AND RELATED INFORMATION ON KEY POLICY ISSUES
Expenses $635,887
-
GENERAL EDUCATIONAL AND INFORMATIONAL PROGRAMMING - COMMUNICATING WITH TENNESSEANS ABOUT VARIOUS PUBLIC POLICY ISSUES AND THE IMPACT THOSE ISSUES HAVE ON THEIR LIVES VIA WEBSITE, BLOG, VIDEOS, INFOGRAPHICS, PODCASTS, OPINION ARTICLES, MEDIA INTERVIEWS, AND EVENTS
Expenses $635,888
-
PUBLIC INTEREST LITIGATION - REPRESENTING TENNESSEANS WHOSE CONSTITUTIONAL RIGHTS HAVE BEEN VIOLATED IN COURT; FILING OR SIGNING OFF ON AMICI BRIEFS IN KEY COURT CASES RELATED TO STATE AND FEDERAL CONSTITUTIONAL ISSUES
Expenses $635,887
-
LEGAL FOUNDATION - TO LITIGATE PRO BONO ON BEHALF OF TENNESSEE CLIENTS WHOSE ECONOMIC LIBERTY, PROPERTY RIGHTS, OR OTHER CONSTITUTIONAL PROTECTIONS HAVE BEEN VIOLATED.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOHN CERASUOLO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW EVERETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TINA BENKISER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FRED DECOSIMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN P BOIKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAT SHEPHERD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN FITZPATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL PREVOST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOE SCARLETT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
KEN MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD PATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JUSTIN OWEN
PRESIDENT & CEO
- Total calculated
- $177,213
- From this org
- $177,213
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,213
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $177,213
-
STEPHANIE WHITT
EMPLOYEE
- Total calculated
- $199,333
- From this org
- $199,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,333
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $199,333
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
BEACON IMPACT
TN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501789349301040
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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