Beads on One String Inc
Beads on One String Inc is a private foundation focused on religion, based in Salem, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $736K in total assets. In 2025, it awarded 8 grants totaling $14K. Net investment income was $76K.
Beads on One String Inc at a glance
In short: Beads on One String Inc gave $14K across 8 grants in 2025 (avg $2K), top state South Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $13,500
- -27.0% vs 2024
- Grants made (2025)
- 8
- -55.6% vs 2024
- Average grant
- $1,688
- +64.2% vs 2024
- Median grant
- $2,000
- Total assets
- $736,432
- +5.2% vs 2024
- Primary geography
- South Carolina (15% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Beads on One String Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Simon Reese ($3K). Together the top 8 received $14K.
Grant Size Distribution
87 grants across all recorded years
The most common grant size was under $50K: 87 grants of 87 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Beads on One String Inc gives
- Giving fell 53% from 2022 to 2025. Method
- In 2025 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $11K (2020) to $29K (2022). In 2025 it made 8 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Simon Reese | Carla desousa: archival work scanning meher baba's and his close followers' letters, telegrams, and written materials, and teaching others the techniques used in archival work; participates in maintainence of structures of historic importance, and significant museum items, and teaching other volunteers, and performs music and dance. Simon reecce writes plans, and directs theatrical and film production. He also is involved with translation work and music. By answering questions, giving advice and proof reading for publication of the spanish, italian, and french editions of meher baba's work. | $2,500 |
| Carla Reese Desousa | Carla desousa: archival work scanning meher baba's and his close followers' letters, telegrams, and written materials, and teaching others the techniques used in archival work; participates in maintainence of structures of historic importance, and significant museum items, and teaching other volunteers, and performs music and dance. Simon reecce writes plans, and directs theatrical and film production. He also is involved with translation work and music. By answering questions, giving advice and proof reading for publication of the spanish, italian, and french editions of meher baba's work. | $2,000 |
| Jean Gousseff | Lives a life of service through the following projects: publishing the french translation of tales form the new life with meher baba; reorganizing and re-thinking the trust's publication department office and its library; collecting material and working on meher baba's direct works in the form of poetry and prayer; and helping to make the trust's physical education center a place where people from all castes, creeds, and communities can exercise and study together. | $2,000 |
| Jim Frisino | OTHER | $2,000 |
| John Wagner | Practices a life of service at the avatar meher baba trust acting as resource for the kitchen at the meher pilgrim retreat - a facility that accommodates up to 240 guests. John works as manager for the physical education center facility for pilgrims. He also is involved in the production of plays and musicals that allow people from around the world to perform together, | $2,000 |
| Cathy Riley Myrtle Beach, SC | A celebration of a sacred legacy - spiritual concert in sc.. | $1,000 |
| Laurent Weichberger Charleston, SC | This is used for translation of english version of surrender with meher baba into russian | $1,000 |
| Peggy Fitzsimmons Temple, AZ | To help vulnerable people enhance their experience of both living and dying in the local community. | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $736,432 | $87,648 | $51,634 | $13,500 | 8 | $38,200 | $75,994 | $44,588 |
| 2024 | $700,329 | $53,677 | $60,816 | $18,500 | 18 | $49,548 | $43,792 | $42,604 |
| 2023 | $707,667 | $47,729 | $54,447 | $16,850 | 17 | $42,491 | $37,175 | $39,055 |
| 2022 | $713,727 | $67,981 | $63,556 | $28,500 | 20 | $51,696 | $52,623 | $39,800 |
| 2021 | $714,635 | $50,595 | $59,195 | $22,735 | 24 | $43,490 | $35,777 | $45,580 |
| 2020 | $717,747 | $17,137 | $23,862 | $11,480 | 13 | — | $8,864 | $40,882 |
Under IRS private-foundation payout rules, Beads on One String Inc reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Beads on One String Inc is led by Wayne McAuley, President since 2023 (on filings since 2020); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wayne McAuley
President
Vice President → President, 2023
On filings since 2020
8 hrs/week
No compensation reported
Cynthia Griffin
Chair - Scholarship
Director → Chair - Scholarship Com, 2023
Chair - Scholarship Com → Chair - Scholarship, 2024
On filings since 2020
3.5 hrs/week
No compensation reported
David Lee
Director
Secretary → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Georgina Hartford
Director
On filings since 2020
3 hrs/week
No compensation reported
Yuri Cartier
Director
On filings since 2022
1 hr/week
No compensation reported
Linda Blouin
Secretary
Director → Secretary, 2023
On filings since 2020
1.5 hrs/week
No compensation reported
Margaret Frank
Vice Chair
Director → Vice President, 2024
Vice President → Vice Chair, 2025
On filings since 2020
3 hrs/week
No compensation reported
Renate Moritz
Co-Chair Education & Seminar
Director → Co-Chair Education & Seminar Com, 2023
Co-Chair Education & Seminar Com → Co-Chair Education & Seminar, 2024
On filings since 2020
1 hr/week
No compensation reported
Richard Griffin
Treasurer
On filings since 2020
4 hrs/week
No compensation reported
Wayne Smith
Vice President
Director → Vice President, 2023
On filings since 2020
1.5 hrs/week
No compensation reported
Former officers (2)
- Former: Robert Hartford (2020–2022) — Director
- Former: Jane Hoskin (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Beads on One String Inc
How much does Beads on One String Inc give each year?
Beads on One String Inc gave $14K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $19K across 18 grants.
What is Beads on One String Inc's typical grant size?
Beads on One String Inc's median grant in 2025 was $2,000, and its average grant was $1,688, across 8 grants on its 2025 IRS Form 990-PF.
Where does Beads on One String Inc give grants?
Beads on One String Inc's top state is South Carolina, with 15% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest state was Arizona (7%).
Does Beads on One String Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Beads on One String Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Beads on One String Inc's largest grantees?
Beads on One String Inc's largest 2025 grantees include Simon Reese ($2,500), Carla Reese Desousa ($2,000) and Jean Gousseff ($2,000), according to its 2025 IRS Form 990-PF. Together they received 48% of its itemized 2025 grant dollars.
How large is Beads on One String Inc?
Beads on One String Inc reported $736K in total assets on its 2025 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Beads on One String Inc?
Beads on One String Inc is a private foundation focused on religion, based in Salem, MA. It holds $736K in total assets as of 2025.
What is Beads on One String Inc's EIN?
Beads on One String Inc's EIN (Employer Identification Number) is 27-2269648. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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