BEADS OF COURAGE INC

EIN: 202721500 501(c)(3) Health Care

TUCSON, AZ

Total Revenue
$1,321,916
Total Expenses
$1,307,968
Total Assets
$953,927
Net Assets
$560,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DE
Principal Officer
ELIZABETH MONECK
Phone
5203447668
Tax Period
2023-01-01 to 2023-12-31

BEADS OF COURAGE INC, founded in 2005, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

PROVIDING INNOVATIVE ARTS IN MEDICINE PROGRAMS FOR CHILDREN COPING WITH SERIOUS ILLNESS, THEIR FAMILIES AND THE HEALTH CARE PROVIDERS WHO CARE FOR THEM.

Program Service Accomplishments

Program 1
Expenses: $705,390

THE BEADS OF COURAGE PROGRAM IS OUR FLAGSHIP PROGRAM AND IS A RESILIENCE- BASED INTERVENTION DESIGNED TO SUPPORT AND STRENGTHEN CHILDREN AND TEENS COPING WITH SERIOUS ILLNESS AND THEIR FAMILIES. IT...

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THE BEADS OF COURAGE PROGRAM IS OUR FLAGSHIP PROGRAM AND IS A RESILIENCE- BASED INTERVENTION DESIGNED TO SUPPORT AND STRENGTHEN CHILDREN AND TEENS COPING WITH SERIOUS ILLNESS AND THEIR FAMILIES. IT IS THE STANDARD OF CARE IN MORE THAN 300 CHILDREN'S HOSPITALS WORLDWIDE. THROUGH THE PROGRAM CHILDREN TELL THEIR STORY USING COLORFUL BEADS THAT SERVE AS MEANINGFUL SYMBOLS HONORING THEIR COURAGE DISPLAYED ALONG THEIR UNIQUE TREATMENT PATH. BEADS OF COURAGE, INC. MAINTAINS THE INVENTORY OF ALL PROGRAM MATERIALS FOR IMPLEMENTATION INCLUDING ALL TRAINING MATERIALS, THE BEADS OF COURAGE AMBASSADOR WORKSHOP FOR REFLECTION AND RENEWAL, FLAGSHIP PROGRAM BEADS, HANDMADE BEADS, STOAGE SOLUTIONS, PRINT AND ALL PROGRAM RELATED MATERIALS CURRENTLY PROVIDING SUPPORT TO OVER 75,000 CHILDREN IN OVER 300 HOSPITALS WORLDWIDE. THERE ARE SPECIFIC BEADS OF COURAGE PROGRAM BEAD GUIDES TO SUPPORT CHILDREN COPING WITH SERIOUS ILLNESS SUCH AS CANCER, BLOOD CONDITIONS, CARDIAC CONDITIONS, VARIOUS CHRONIC CONDITIONS, REHABILITATION, TRAUMA AND BURN INJURY RECOVERY AND EXPERIENCES IN PEDIATRIC INTENSIVE CARE AND NEONATAL INTENSICE CARE UNTIS.

Program 2
Expenses: $240,585

COMPLEMENTARY PROGRAMS PROVIDE SUPPORT TO CHILDREN COPING WITH SERIOUS ILLNESS, THEIR FAMILIES AND THE CLINICIANS WHO CARE FOR THEM. THEY ALLOW PARTICIPANTS TO THRIVE IN A SUPPORTIVE CONTEXT THAT...

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COMPLEMENTARY PROGRAMS PROVIDE SUPPORT TO CHILDREN COPING WITH SERIOUS ILLNESS, THEIR FAMILIES AND THE CLINICIANS WHO CARE FOR THEM. THEY ALLOW PARTICIPANTS TO THRIVE IN A SUPPORTIVE CONTEXT THAT INCLUDES THEIR FAMILY, COMMUNITY, AND THE PROFESSIONAL HEALTHCARE PROVIDERS WHO CARE FOR THEM. BEADS OF COURAGE'S COMPLEMENTARY PROGRAMS INCLUDE BEADS OF COURAGE: SIBLING PROGRAM, BEAD STRONG, BEAD MINDFUL FOR CLINICIANS, I'M FINE WORKSHOPS FOR CLINICIANS, DREAM (DRAW, RELAX, AND EMBRACE ART AND THE MIND), THE BEADS OF COURAGE STRAND FOR STRENGTH AND REMEMBRANCE WORKSHOP, AND POWER PENDANTS FOR ADOLESCENTS AND YOUNG ADULTS.

Program 3
Expenses: $111,526

COMMUNITY ENGAGEMENT & ENCOURAGEMENT PROGRAMS CONNECT THE KINDNESS OF OTHERS WITH THE COURAGE OF THE CHILDREN, FAMILIES, AND CLINICIANS. ENCOURAGEMENT PROGRAMS ENGAGE THE COMMUNITY AT LARGE TO BE A...

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COMMUNITY ENGAGEMENT & ENCOURAGEMENT PROGRAMS CONNECT THE KINDNESS OF OTHERS WITH THE COURAGE OF THE CHILDREN, FAMILIES, AND CLINICIANS. ENCOURAGEMENT PROGRAMS ENGAGE THE COMMUNITY AT LARGE TO BE A SOURCE OF ENCOURAGEMENT FOR A CHILD OR TEEN THAT WE SUPPORT. THESE PROGRAMS INCLUDE OUR INNOVATIVE CARRY A BEAD PROGRAM; STRENGTH BRACELETS; COURAGE CLIPS; BEAD MAKING WORKSHOPS; ART CARD KITS. ADDITIONALLY, OUR ENCOURAGEMENT PROGRAMS INCLUDE THE GREAT WORK WE DO TO SOLICIT DONATIONS OF BEADS FROM BEAD AND POLYMER ARTISTS; BOXES AND BOWLS FROM WOODTURNERS; AND SUPPORTING OUR PARTNER STUDIOS WHO HOST BEAD MAKING EVENTS THROUGHOUT THE YEAR WHICH IS INCLUSIVE OF THE OPPORTUNITY FOR BEADS OF COURAGE CHILDREN TO SUBMIT THEIR "DREAM BEAD" REQUEST.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $669,360
Program Service Revenue $630,549
Investment Income $0
Other Revenue $22,007
TOTAL REVENUE $1,321,916

Expense Breakdown

Grants Paid $0
Salaries & Benefits $691,390
Fundraising Expenses $0
Program Expenses $1,058,721
Other Expenses $616,578
TOTAL EXPENSES $1,307,968

Year-over-Year Comparison

2023 2022 Change
Revenue $1,321,916 $1,584,476 -0.2%
Expenses $1,307,968 $1,563,123 -0.2%
Net Income $13,948 $21,353 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
30
Volunteers
72

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$157,000
Total Directors
6
$82,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN GRIBBON MISSION OFF, 40.00
Officer Director
$82,000 $0 $82,000
ELIZABETH MONECK CHIEF EXE OF 40.00
Officer
$75,000 $0 $75,000
DEB GAUSTAD SECRETARY 2.00
Officer Director
$0 $0 $0
MICHELLE HUDMAN DIRECTOR, CH 2.00
Director
$0 $0 $0
AARON LEAL DIRECTOR N/A
Director
$0 $0 $0
MATTHEW MARS CHAIRPERSON 2.00
Officer Director
$0 $0 $0
CINDIE WOLFE DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,321,916 $1,307,968 $953,927 $13,948
2023 No data No data No data No data
2022 $1,584,476 $1,563,123 $1,033,585 $21,353
2021 $1,613,940 $1,330,935 $1,080,110 $283,005
2020 $1,445,432 $1,400,891 $981,889 $44,541
2019 $1,433,069 $1,251,177 $764,630 $181,892
2018 $1,569,024 $1,582,337 $584,061 $-13,313
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