BEACON OF HOPE INC Charity Report

Public IRS 990 nonprofit record

BEACON OF HOPE INC

EIN 58-2191344 · Child Day Care

What they do

MISSION: STRENGTHENING FAMILIES and COMMUNITIES---SEE SCH O for CONTINUATION.OUR NAME--BEACON of HOPE--DESCRIBES WHAT is DESPERATELY NEEDED IN THE COMMUNITIES WE SERVE. POVERTY, FAMILY DYSFUNCTION, LACK of EDUCATION, LACK of SAFE and DECENT HOUSING, WELFARE DEPENDENCY, JUVENILE DELINQUENCY, SUBSTANCE ABUSE, and CRIME ARE CONDITIONS THAT SPAN MULTIPLE GENERATIONS. YET for PEOPLE CAUGHT UP IN THESE CIRCUMSTANCES, ENCOUNTERING JUST A GLEAM of HOPE for A DIFFERENT KIND of LIFE CAN START A PROCESS THAT BREAKS THE CYCLE and LEAD to A DIFFERENT FUTURE. THE CORE GOAL of OUR ORGANIZATION is to STRENGTHEN and TRANSFORM TROUBLED COMMUNITIES BY LIFTING CHILDREN and THEIR FAMILIES OUT of POVERTY. SUCH IMPACT is ACCOMPLISHED BY PROVIDING NATIONAL and STATE ACCREDITED FAMILY EDUCATION and EMPOWERMENT PROGRAMS, COMMUNITY DEVELOPMENT and AFFORDABLE HOUSING PROGRAMS, and ADVOCACY (COMMUNITY ENGAGEMENT). - THE MISSION of BEACON of HOPE is to STRENGTHEN FAMILIES and COMMUNITIES THROUGH EDUCATION, HUMAN SE

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

116.32%of revenue went to mission work96.3% of expenses · Program services

0.01%of revenue went to fundraising0.0% of expenses

$120.79spent for every $100 of revenueSpending was higher than revenue this year.

4.45%of revenue went to management and office costs3.7% of expenses

$0.09in assets for every $1 spent this yearSome assets cannot be spent right away.

39.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $294,171 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $42,111 for LYDIA MEREDITH (CEO/EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,415,062

Mission workProgram services$1,646,069116.32% of revenue96.3% of expenses

ManagementOffice and general costs$63,0384.45% of revenue3.7% of expenses

FundraisingAsking for donations$1260.01% of revenue0.0% of expenses

Total expenses$1,709,233120.79% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2016CurrentExpense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 120.79% of revenue

2015Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 93.19% of revenue

Money in and money out

Revenue$1,415,062

Expenses$1,709,233

Annual shortfall $294,171 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,646,069 · 96.3% of expenses

Management and office costs$63,038 · 3.7% of expenses

Fundraising$126 · 0.0% of expenses

See all reported dollar amounts

Revenue$1,415,062

Expenses$1,709,233

Assets$154,908

Income$1,447,996

Contributions$555,940

Mission work (program services)$1,646,069

Fundraising$126

Management and general$63,038

Executive compensation (total)$64,839

Accounting fees$58,850

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LYDIA MEREDITHCEO/EXECUTIVE DIRECTOR · 96 hrs/week $42,111Base $34,315 · Other $7,796

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

LYDIA MEREDITHCEO/EXECUTIVE DIRECTOR

BIANCA HAWKINSDIRECTOR

BILLIE HILLARDDIRECTOR

BROCK HARVEYDIRECTOR

CLAUDIA MOELLERDIRECTOR

DENNIS MEREDITHDIRECTOR

HAKIM HILLARDDIRECTOR

JOCK CHANDLERDIRECTOR

KEVIN PHILLIPSCHAIRMAN

TYMBERLI RIDLEYDIRECTOR

YOLANDRA ALEXANDERDIRECTOR

About this charity

Location: 120 RENAISSANCE PARKWAY NE, ATLANTA, GA 30308
County: Fulton
In care of: LYDIA MEREDITH

How to reach them

WebsiteVisit the charity’s website Phone(404) 876-1779

Filing and classification

Latest tax year: 2016
Tax period began: July 1, 2016
Tax preparer: MAULDIN & JENKINS LLC
IRS tax category: Child Day Care