Beacon Education Foundation

EIN: 455433576 501(c)(3) Education

Virginia Beach, VA

Total Revenue
$163,566
Total Expenses
$65,465
Total Assets
$609,205
Net Assets
$609,205
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
JERROLD L MILLER
Phone
7574193939
Tax Period
2023-01-01 to 2023-12-31

Beacon Education Foundation, founded in 2012, is a small nonprofit in the Education sector that reported $164K in total revenue in fiscal year 2023. Revenue surged 324% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 60% operating margin.

Mission

The Foundation increases access to higher education in the fields of Computer & Technology, Business & Criminal Justice, Health Science, Culinary Arts and Advanced Trade Skills.

Program Service Accomplishments

Program 1
Expenses: $59,000 Revenue: $163,566

Scholarhip program - for students who are pursuing educational opportunities in the fields of computers and technology, business & criminal justice, health sciences, culinary arts, and advanced trade...

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Scholarhip program - for students who are pursuing educational opportunities in the fields of computers and technology, business & criminal justice, health sciences, culinary arts, and advanced trade skills.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,720
Program Service Revenue $0
Investment Income $129,846
Other Revenue $0
TOTAL REVENUE $163,566

Expense Breakdown

Grants Paid $59,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,000
Other Expenses $6,465
TOTAL EXPENSES $65,465

Year-over-Year Comparison

2023 2022 Change
Revenue $163,566 $38,576 +3.2%
Expenses $65,465 $145,261 -0.5%
Net Income $98,101 $-106,685 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWIN S EPSTEIN Director 1.000
Officer Director
$0 $0 $0
JERROLD L MILLER PresSecr Treas 1.000
Officer Director
$0 $0 $0
BROOK J SMITH Director 1.000
Officer 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 $163,566 $65,465 $609,205 $98,101
2022 $38,576 $145,261 $511,104 $-106,685
2021 $146,169 $66,610 $617,789 $79,559
2020 $24,528 $118,901 $538,230 $-94,373
2019 $166,576 $8,341 $632,603 $158,235
2018 $44,072 $126,031 $474,368 $-81,959
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