Bean Space Foundation

RENO, NV EIN: 86-2654801

Bean Space Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $97K in total assets. In 2024, it awarded 7 grants totaling $1.0M. Net investment income was $671K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$97K

-76.4% YoY

Annual Giving

$1.0M

+181.1% YoY

Grant Count

+40.0% YoY

Avg Grant Size

$145K

+100.8% YoY

Under IRS private-foundation payout rules, Bean Space Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Bean Space Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Nevada $1.6M (100%)

States

Nevada

Cities

Las VegasReno

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$97,325	$412,467	$95,529
Revenue	$1,421,869	$1,025,357	$1,006,619
Expenses	$1,042,897	$375,079	$268,450
Qualifying Distributions	$1,014,668	$360,950	$268,050
Net Investment Income	$670,512	$559,985	$363,704
Distributable Amount	$2,056	$2,247	$5,102

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Nevada Reno Foundation ($691,805), University of Nevada Reno Foundation ($120,000), University of Nevada Reno Foundation ($80,000).

Recipient	Purpose	Amount
BOARD OF REGENTS UNIVERSITY OF NEVADA RENO RENO, NV	KYREE BIGBACK SCHOLARSHIP	$25,713
UNIVERSITY OF NEVADA RENO FOUNDATION RENO, NV	ANNUAL SCHOLARSHIP FUND CONTRIBUTION INTENDED FOR STUDENTS PURSUING DEGREES IN CIVIL AND ELECTRICAL ENGINEERING	$120,000
UNIVERSITY OF NEVADA RENO FOUNDATION RENO, NV	STATEMENT OF WORK RESEARCH- 1 WIND ELECTRICAL GENERATION2 3D PRINTING OF ELECTRONICS3 TERRAIN PENETRATING SENSORS4 75 GHZ RECTIFIER FOR WIRELESS POWER TRANSFER5 DEVELOPMENT OF AN ATMOSHPERIC WATER HARVESTING PROTOTYPE USING THERMOELECTRIC COOLERS FOR YOUNG PLANT IRRIGATION6 TERRAIN SENSING (DR. SENAD)7 SPECTROSCOPY8 QUANTUM POWERED UAV9 RECTIFICATION DEVICES10 UAV-BASED TERRAIN PENETRATING SENSORS11 NEVADA PRIVATE R&D SPEND12 NEVADA GEOTHERMAL	$691,805
LORENZO ARVISU RENO, NV	QUALIFIED SCHOLARSHIP FOR GRADUATE STUDENT'S SUBLEASE PAYMENT AS THEY WERE STUDYING IN BOSTON, MA	$4,950
UNIVERSITY OF NEVADA RENO FOUNDATION RENO, NV	ANNUAL SCHOLARSHIP FUND	$48,000
UNIVERSITY OF NEVADA RENO FOUNDATION RENO, NV	PRESIDENTIAL SCHOLARSHIP FUND	$80,000
UNIVERSITY OF NEVADA RENO FOUNDATION RENO, NV	UNR TWELVE-MONTH FACULTY TEACHING CONTRACT WITH DR. SANAD	$44,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD A BEAN	PRESIDENT, TREASURER & DIRECTOR	—	—
BETH A BEAN	SECRETARY & DIRECTOR	—	—
SHERRI R FLIPPO	DIRECTOR	—	—
ERICA M BEAN	DIRECTOR	—	—
JOANNA M BOGEN	DIRECTOR	—	—
ANDREW C BEAN	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Bean Space Foundation?

Bean Space Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RENO, NV. It holds $97K in total assets as of 2024.

How large is Bean Space Foundation?

As of 2024, Bean Space Foundation holds $97K in total assets with $1.4M in annual revenue. It awarded 7 grants totaling $1.0M in 2024.

Where does Bean Space Foundation operate?

Bean Space Foundation has awarded grants in Nevada.

What size grants does Bean Space Foundation award?

In 2024, Bean Space Foundation awarded 7 grants totaling $1.0M — an average of about $145K per grant, based on its IRS Form 990 filings.

How much is Bean Space Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bean Space Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.