THE BEACON COUNCIL ECONOMIC DEVELOPMENT FOUNDATION INC

EIN: 592738676 501(c)(3) Community Improvement

MIAMI, FL

Total Revenue
$1,048,797
Total Expenses
$1,053,160
Total Assets
$361,275
Net Assets
$-64,280
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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
1986
Legal Domicile
FL
Principal Officer
CAMELA GLEAN-JONES
Phone
3055791300
Tax Period
2023-10-01 to 2024-09-30

THE BEACON COUNCIL ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS FOLLOWS: (A) TO COMPILE, PREPARE, AND PUBLISH STATISTICAL DATA CONCERNING MIAMI-DADE COUNTY, FLORIDA AND MAKE SUCH DATA AVAILABLE TO ALL SEGMENTS OF THE COMMUNITY; (B) TO LESSEN THE BURDENS OF GOVERNMENT; (C) TO COMBAT COMMUNITY DETERIORATION; AND (D) TO DO ALL LAWFUL ACTS INCIDENTAL TO THE ACCOMPLISHMENT OF SAID CHARITABLE AND EDUCATIONAL PURPOSES.

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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 $1,048,797
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,048,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,052,091
Other Expenses $1,053,160
TOTAL EXPENSES $1,053,160

Year-over-Year Comparison

2023 2022 Change
Revenue $1,048,797 $816,730 +0.3%
Expenses $1,053,160 $826,286 +0.3%
Net Income $-4,363 $-9,556 -0.5%
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

Financial Distress Indicator

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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
7
$736,328
Total Directors
6
$467,564
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEWTON B SANON SECRETARY 0.20
Officer Director
$0 $0 $0
BASIL KHALIL TREASURER 0.20
Officer Director
$0 $0 $0
YOLANDA CASH JACKSON IMMEDIATE PAST CHAIR 0.20
Officer Director
$0 $0 $0
CHRISTINE BARNEY CHAIR-ELECT 0.20
Officer Director
$0 $0 $0
RODRICK T MILLER CHIEF EXECUTIVE OFFICER 0.20
Officer Director
$0 $103,152 $467,564
JUAN CARLOS LISCANO CHAIR 0.20
Officer Director
$0 $0 $0
CAMELA D GLEAN-JONES CHIEF FINANCIAL OFFICER 0.20
Officer
$0 $24,621 $268,764
MATTHEW W HAGGMAN SENIOR VICE-PRESIDENT, DEV 0.20
Highest
$0 $16,734 $177,016
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 $1,048,797 $1,053,160 $361,275 $-4,363
2023 $816,730 $826,286 $801,639 $-9,556
2022 $1,268,170 $1,270,850 $1,440,963 $-2,680
2021 $624,041 $637,815 $2,258,450 $-13,774
2020 $340,749 $434,595 $1,213,520 $-93,846
2019 $593,770 $643,027 $886,920 $-49,257
2018 $572,734 $688,303 $727,218 $-115,569
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