BEACON MEDIA

EIN: 933138185 501(c)(3) Arts, Culture & Humanities

Hilsborough, NC

Total Revenue
$218,253
Total Expenses
$144,452
Total Assets
$125,050
Net Assets
$125,050
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NC
Principal Officer
Jeremy Borden
Phone
9198693080
Tax Period
2024-01-01 to 2024-12-31

BEACON MEDIA, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2024. Revenue surged 270% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 34% operating margin.

Mission

To promote public education, we will partner with existing media outlets across platforms to share the ideas and voices of those advocating for a more equitable democracy throughout North Carolina. Beacon Media aims to make these ideas and supporting information more available and accessible in communities where the media predominantly represents other viewpoints or limits information that citizens should be able to access. We will also syndicate other forms of stories and content related to our mission to inform rural and exurban area communities through local media outlets. In addition, Beacon Media will conduct an educational program for grassroots and other community leaders whose important voices are underrepresented in mainstream media and other public fora. Beacon Media will provide such persons training and workshops to help them develop better written and oral communication skills so that they become better public advocates for their ideas and communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,253
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $218,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,991
Fundraising Expenses $20,309
Program Expenses $115,543
Other Expenses $40,461
TOTAL EXPENSES $144,452

Year-over-Year Comparison

2024 2023 Change
Revenue $218,253 $59,035 +2.7%
Expenses $144,452 $7,787 +17.6%
Net Income $73,801 $51,248 +0.4%
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
8
Independent Members
8
Employees
3
Volunteers
10

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brandy Bynum Dawson Chair 2
Officer Director
$0 $0 $0
Kimberly Meyer Secretary 1
Officer Director
$0 $0 $0
Paul Cuadros Director 1
Director
$0 $0 $0
James Gailliard Director 1
Director
$0 $0 $0
Justin Clayton Director 1
Director
$0 $0 $0
Pope McCorkle Director 1
Director
$0 $0 $0
Mike Figueras Director 1
Director
$0 $0 $0
Akilah Ensley Director 1
Director
$0 $0 $0
Brooks Fuller Treasurer 1
Officer
$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 $218,253 $144,452 $125,050 $73,801
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