BEACHES EMERGENCY ASSISTANCE MINISTRY (BEAM)
Using data as of: December 2016
Rating: HIGHLY RECOMMEND
About
Beaches Emergency Assistance Ministry – commonly referred to as “BEAM” – serves low income residents in the Beaches area who are facing hard times. They provide emergency assistance to cover overdue expenses like rent and utility payments. They also operate a food pantry to help those having difficulties covering food expenses. They offer longer-term help through counseling on both financial matters and diet and wellness.
BEAM was founded in 1985 by local churches as a way to assist the community and have served over 15,000 area residents.
BEAM also operates three thrift stores which helps bring in revenue so they are able to provide more assistance to Beaches residents.
More information on BEAM can be found here:
https://www.jaxbeam.org/
BEAM Facebook:
https://www.facebook.com/JAXBEAM/
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
BEAM brought in over $2.3 million in revenue according to their latest filing.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 1,983,900 |
| Other Revenue | 364,263 |
| TOTAL REVENUE | 2,348,357 |
| Grants Paid | 1,279,870 |
| Salaries & Compensation | 422,090 |
| Other Expenses | 390,845 |
| TOTAL EXPENSES | 2,092,805 |
| Revenue Minus Expenses | 255,552 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 1,350,682 |
| Liabilities | 127,089 |
| NET ASSETS | 1,223,593 |
| Number of employees | 28 |
| Voting board members | 13 |
Income Sources
Revenue came from a variety of sources. They had over $1.5 million in outside contributions, $463 thousand in government grants, and $328 thousand from their thrift store.INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 1,520,396 |
| Government Grants | 463,504 |
| Fundraising Events | 36,365 |
| TOTAL | 2,020,265 |
| Goods Sold | 327,898 |
| TOTAL REVENUE | 2,348,357 | Totals may include items not listed above |
Expenses and Philanthropic Spending
BEAM does a good job with their spending, with about 88% of spending going to their mission. We like to see a charity spend at least 75% on their mission, so 88% is solid. They have fundraising expenses that brings in a modest amount of revenue.| Program Spending | |
|---|---|
| Assistance Programs | 1,813,996 |
| Back to school supplies | 19,626 |
| TOTAL | 1,833,622 |
EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 2,092,805 | 1,833,622 | 173,337 | 85,846 |
| Percentage of spending | 87.6% | 8.3% | 4.1% |
Our Conclusion
BEAM is a solid organization with an admirable mission. We give them a HIGHLY RECOMMEND rating.
Contact:
BEAM
850 6th Avenue S., Ste 400
Jacksonville Beach, FL 32250
Phone: (904) 241-2326
BEAM Form 990 – Financial Information: LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.