BEACON ACADEMY INC

EIN: 731710051 501(c)(3) Education

BOSTON, MA

Total Revenue
$4,615,940
Total Expenses
$3,377,105
Total Assets
$17,845,976
Net Assets
$17,754,929
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Principal Officer
CHARLES CARTER
Phone
6174232266
Tax Period
2024-07-01 to 2025-06-30

BEACON ACADEMY INC, founded in 2005, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

BEACON ACADEMY CLOSES THE OPPORTUNITY GAP FOR A GROUP OF GREATER BOSTON'S DETERMINED AND INQUISITIVE STUDENTS. THROUGH EDUCATION AND ADVOCACY, OUR COMMUNITY SUPPORTS STUDENTS AS THEY DEVELOP AND EMBRACE THEIR IDENTITIES AND BUILD LIVES OF AGENCY AND IMPACT.

Program Service Accomplishments

Program 1
Expenses: $1,944,435

BEACON ACADEMY PROVIDES A COMPREHENSIVE 10-YEAR PROGRAM TO PREPARE MOTIVATED STUDENTS FROM HISTORICALLY UNDER-RESOURCED AND/OR UNDERREPRESENTED COMMUNITIES IN GREATER BOSTON FOR SUCCESS IN...

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BEACON ACADEMY PROVIDES A COMPREHENSIVE 10-YEAR PROGRAM TO PREPARE MOTIVATED STUDENTS FROM HISTORICALLY UNDER-RESOURCED AND/OR UNDERREPRESENTED COMMUNITIES IN GREATER BOSTON FOR SUCCESS IN COMPETITIVE HIGH SCHOOLS, COLLEGES, AND FUTURE CAREERS. BEACON ACADEMY IS DEDICATED TO ADVANCING EDUCATIONAL EQUITY AND CLOSING THE OPPORTUNITY GAP BY COMMITTING LONG-TERM SUPPORT TO EACH STUDENT, EMPHASIZING BOTH EDUCATIONAL ACHIEVEMENT AND PERSONAL WELL-BEING AND DEVELOPMENT.WITH EXTENSIVE ACADEMIC RESOURCES AND A SUPPORTIVE COMMUNITY, BEACON ACADEMY FOSTERS INTELLECTUAL CURIOSITY, PROMOTES SELF-AFFIRMATION OF RACIAL AND CULTURAL IDENTITY, BUILDS CONFIDENCE, AND EMPOWERS STUDENTS TO FIND AND UTILIZE THEIR VOICE.

Program 2
Expenses: $204,967

THE FIRST YEAR OF THE 10-YEAR PROGRAM FOCUSES ON PROVIDING STUDENTS WITH A STRONG ACADEMIC EDUCATION ALONGSIDE ENGAGING EXTRACURRICULAR ACTIVITIES. THESE INITIATIVES ENHANCE SOCIAL AND CULTURAL...

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THE FIRST YEAR OF THE 10-YEAR PROGRAM FOCUSES ON PROVIDING STUDENTS WITH A STRONG ACADEMIC EDUCATION ALONGSIDE ENGAGING EXTRACURRICULAR ACTIVITIES. THESE INITIATIVES ENHANCE SOCIAL AND CULTURAL EXPERIENCES THAT BUILD STUDENTS' CONFIDENCE AND AFFIRM THEIR IDENTITIES. STUDENTS ALSO LEARN TO REPRESENT BEACON ACADEMY'S CORE VALUES OF RESPECT, COURAGE, CURIOSITY, AND ACCOUNTABILITY, AS THEY ALSO DEVELOP THEIR LEADERSHIP SKILLS. THE STUDENTS ULTIMATELY LEVERAGE THEIR LEARNINGS AND RESOURCES TO APPLY AND GAIN ADMITTANCE TO COMPETITIVE INDEPENDENT HIGH SCHOOLS THAT FIT THEIR ACADEMIC, PERSONAL, AND FINANCIAL EXPECTATIONS.AND UPON GRADUATION, WE ASSIST THE STUDENTS IN SECURING UNIQUE SUMMER OPPORTUNITIES. THROUGHOUT THE FIRST YEAR AND BEYOND, BEACON ACADEMY SUPPORTS STUDENTS IN CULTIVATING THEIR ABILITY TO ADVOCATE FOR THEIR DESIRES AND NEEDS.

Program 3
Expenses: $269,175

OUR 10-YEAR PROGRAM IS UNIQUE BECAUSE WE FOLLOW BEACON ACADEMY ALUMNI AFTER THE ACADEMY YEAR. WE PRIORITIZE COMMUNICATION AND GROWTH BY OFFERING MENTAL HEALTH AND WELLNESS SUPPORT, CAREER READINESS...

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OUR 10-YEAR PROGRAM IS UNIQUE BECAUSE WE FOLLOW BEACON ACADEMY ALUMNI AFTER THE ACADEMY YEAR. WE PRIORITIZE COMMUNICATION AND GROWTH BY OFFERING MENTAL HEALTH AND WELLNESS SUPPORT, CAREER READINESS MENTORSHIP AND GUIDANCE, AND OTHER SERVICES TO COLLABORATIVELY IDENTIFY AND ADDRESS THEIR NEEDS. WE PROVIDE EDUCATIONAL SUPPORT SERVICES TO NEARLY 400 ALUMNI TO ENSURE CONTINUITY OF GUIDANCE, RESOURCES, AND CONNECTIONS TO BEACON ACADEMY AFTER GRADUATION.FOR OUR ALUMNI IN HIGH SCHOOL, THESE EDUCATIONAL SUPPORT SERVICES INCLUDE A 9TH-GRADE TRANSITION PROGRAM, BI-ANNUAL CARE PACKAGE, AND PERSONAL VISITS. WE ALSO OFFER SAT PREP, ESSAY WRITING SUPPORT, COLLEGE APPLICATION ASSISTANCE, AND FINANCIAL AID HELP TO MAINTAIN REGULAR CONTACT AND REINFORCE THE STRATEGIES AND VALUES ACQUIRED DURING THEIR ACADEMY YEAR. SINCE 2017, 98% OF OUR ALUMNI HAVE GRADUATED FROM HIGH SCHOOL.ON AVERAGE, 92% OF OUR ACTIVE ALUMNI GAIN ADMITTANCE TO FOUR-YEAR COLLEGES, AND MOST RECEIVE FINANCIAL AID PACKAGES THAT EXCEED EXPECTED FAMILY CONTRIBUTIONS. COLLEGE ALUMNI TAKE ADVANTAGE OF A WIDE RANGE OF PROFESSIONAL DEVELOPMENT PROGRAMS, INCLUDING RESUME WORKSHOPS, PANEL DISCUSSIONS WITH INDUSTRY LEADERS, AND ACCESS TO INTERNSHIPS AND JOBS THROUGH OUR BEACONCONNECT PLATFORM. WE ALSO HOST SEVERAL ANNUAL EVENTS FOR ALL ALUMNI, CONTINUOUSLY SEEKING WAYS TO STAY CONNECTED.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,999,818
Program Service Revenue $0
Investment Income $1,711,079
Other Revenue $-94,957
TOTAL REVENUE $4,615,940

Expense Breakdown

Grants Paid $269,175
Salaries & Benefits $1,867,434
Fundraising Expenses $460,820
Program Expenses $2,418,577
Other Expenses $1,203,996
TOTAL EXPENSES $3,377,105

Year-over-Year Comparison

2024 2023 Change
Revenue $4,615,940 $3,004,278 +0.5%
Expenses $3,377,105 $3,012,120 +0.1%
Net Income $1,238,835 $-7,842 -159.0%
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
26
Independent Members
26
Employees
21
Volunteers
250

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
6
$401,073
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLIE LOUGHLIN CHAIR 2.00
Officer Director
$0 $0 $0
JESSICA LUTZKER VICE CHAIR 2.00
Officer Director
$0 $0 $0
JULIE MCKENNA TREASURER 2.00
Officer Director
$0 $0 $0
DAYNA ATKINS CLERK 2.00
Director
$0 $0 $0
AMY MCCARTHY CHAIR EMERITAS 2.00
Officer Director
$0 $0 $0
CAROLYN MCCLINTOCK PETER CHAIR EMERITAS 2.00
Director
$0 $0 $0
ANNA AFEYAN TRUSTEE 2.00
Director
$0 $0 $0
JANET BERKELEY TRUSTEE 2.00
Director
$0 $0 $0
NINA BOWMAN TRUSTEE 2.00
Director
$0 $0 $0
TONY BROOKE TRUSTEE 2.00
Director
$0 $0 $0
LEE COFFIN TRUSTEE 2.00
Director
$0 $0 $0
LISA DIADAMO TRUSTEE 2.00
Director
$0 $0 $0
JEN DOLINS TRUSTEE 2.00
Director
$0 $0 $0
TIM DONOHUE TRUSTEE 2.00
Director
$0 $0 $0
MARK ENGERMAN TRUSTEE 2.00
Director
$0 $0 $0
HENRY FAIRFAX TRUSTEE 2.00
Director
$0 $0 $0
GEORGIA FELDMAN TRUSTEE 2.00
Director
$0 $0 $0
REBECCA MAILER-HOWAT TRUSTEE 2.00
Director
$0 $0 $0
JANET NAHIRNY TRUSTEE 2.00
Director
$0 $0 $0
KNEIDE NASCIMENTO TRUSTEE 2.00
Director
$0 $0 $0
KEVIN PARKE TRUSTEE 2.00
Director
$0 $0 $0
ANN RYAN TRUSTEE 2.00
Director
$0 $0 $0
CAROLYN STAFFORD STEIN TRUSTEE 2.00
Director
$0 $0 $0
KYLE UMEMBA TRUSTEE 2.00
Director
$0 $0 $0
ELI WARD TRUSTEE 2.00
Director
$0 $0 $0
SUSAN WILKINSON TRUSTEE 2.00
Director
$0 $0 $0
CHARLES E CARTER CEO & HEAD OF SCHOOL 40.00
Officer
$238,168 $47,678 $285,846
SCOTT STEELE DIRECTOR OF FINANCE AND OP 40.00
Officer
$99,039 $16,188 $115,227
NICOLE BAKER DIRECTOR OF DEVELOPMENT & ENGAGEMENT 40.00
Highest
$125,431 $10,312 $135,743
ASHLEY MIRANDA DIRECTOR OF ALUMNI SUPPORT SERVICES 40.00
Highest
$111,279 $13,680 $124,959
ERIC NETT DIRECTOR OF ENROLLMENT & PLACEMENT 40.00
Highest
$108,835 $13,276 $122,111
ANNE-MARIE YU-PHELPS DIRECTOR OF ACADEMY YEAR 40.00
Highest
$114,693 $7,300 $121,993
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
2025 $4,615,940 $3,377,105 $17,845,976 $1,238,835
2024 $3,004,278 $3,012,120 $17,296,406 $-7,842
2023 $2,404,954 $2,846,121 $16,438,161 $-441,167
2022 $1,203,429 $2,721,643 $16,262,278 $-1,518,214
2021 $4,161,339 $2,183,603 $18,410,775 $1,977,736
2020 $8,123,155 $2,359,501 $14,591,414 $5,763,654
2019 $3,745,859 $1,893,827 $8,701,504 $1,852,032
2018 $2,774,079 $1,867,733 $6,773,695 $906,346
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