NonprofitsBeverly J Searles Foundation

Food, Agriculture & Nutrition

Beverly J Searles Foundation

MARIETTA, GA

Total revenue

$1.9M

Total expenses

$2.3M

Net assets

$14.1M

Grants received

EIN

260823326

Tax year

2024

Mission

The organization has been formed to provide housing and support services for the elderly and disabled person and those with lower incomes.

Programs

1 program

The organization sponsors the development and operations of affordable housing communities for low income elderly and handicapped persons primarily under the section 42 low-income housing tax credit program. The organization funds certain predevelopment activities and provides oversight during pre-development and construction.

Expenses: $1.5MGrants: $5K

Financials

FY 2024

Revenue

Contributions & grants$125K
Program service revenue$1.7M
Investment income$145K
Other revenue
Total revenue$1.9M

Expenses

Grants paid$5K
Salaries & benefits$883K
Fundraising
Other expenses$1.4M
Total expenses$2.3M
Total assets$14.1M
Net assets$14.1M

People

10 listed

NameRoleCompensation

Philip E Searles

President

Board

$149K

40 hrs/wk

G Malcolm Kilpatrick

Chairman & Director

Board

5 hrs/wk

David S Searles Jr

Treasurer, Executive Direc

Board

10 hrs/wk

Richard D Searles

Director

Board

1 hrs/wk

Patricia Gadson

Director

Board

1 hrs/wk

Brian Dickhaus

Director

Board

1 hrs/wk

Marion Nurse

Director

Board

1 hrs/wk

Donald Russell

Director

Board

1 hrs/wk

Charles Sheron

Director

Board

1 hrs/wk

Alysse Daniels

Director

Board

1 hrs/wk

Independent contractors

Five Points Development LLC

Development & Construction Oversight

$222K

CRT Realty & Development LLC

Development & Construction Oversight

$144K

River North Development

Development & Construction Oversight

$102K

Details

EIN260823326
NTEE codeK36
Subsection03
Ruling date2008-03
Formed2007
Employees12
Volunteers9
BEVERLY J SEARLES FOUNDATION — Mission, Financials & Grants Received | Grantivo