Bean Space Foundation
Bean Space Foundation is a private foundation, 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.
Bean Space Foundation at a glance
In short: Bean Space Foundation gave $1.0M across 7 grants in 2024 (avg $145K), mostly in Nevada. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,014,668
- +181.1% vs 2023
- Grants made (2024)
- 7
- +40.0% vs 2023
- Average grant
- $144,953
- +100.8% vs 2023
- Median grant
- $48,000
- Total assets
- $97,325
- -76.4% vs 2023
- Primary geography
- Nevada (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bean Space Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was University of Nevada Reno Foundation ($984K across 5 grants). Together the top 2 received $1.0M.
Organizations only. It also paid 1 individual scholarship ($4,950), which are not listed by name.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 13 grants of 20 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Bean Space Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2022 to 2024, annual grant giving ranged from $268K (2022) to $1.0M (2024). In 2024 it made 7 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| 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 | Presidential Scholarship Fund | $80,000 |
| University of Nevada Reno Foundation Reno, NV | Annual Scholarship Fund | $48,000 |
| University of Nevada Reno Foundation Reno, NV | UNR Twelve-Month Faculty Teaching Contract with Dr. Sanad | $44,200 |
| Board of Regents University of Nevada Reno Reno, NV | Kyree Bigback Scholarship | $25,713 |
| 1 individual scholarship Recipients not named | — | $4,950 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $97,325 | $1,421,869 | $1,042,897 | $1,014,668 | 7 | $1,014,668 | $670,512 | $2,056 |
| 2023 | $412,467 | $1,025,357 | $375,079 | $360,950 | 5 | $360,950 | $559,985 | $2,247 |
| 2022 | $95,529 | $1,006,619 | $268,450 | $268,050 | 8 | $268,050 | $363,704 | $5,102 |
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.
Leadership & Key People
Officers and directors from IRS filings
Bean Space Foundation is led by Richard A. Bean, President, Treasurer & Director on every filing since 2021; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard A. Bean
President, Treasurer & Director
On filings since 2021
No compensation reported
Andrew C. Bean
Director
On filings since 2021
No compensation reported
Beth A. Bean
Secretary & Director
On filings since 2021
No compensation reported
Erica M. Bean
Director
On filings since 2021
No compensation reported
Joanna M. Bogen
Director
On filings since 2021
No compensation reported
Sherri R. Flippo
Director
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Bean Space Foundation
How much does Bean Space Foundation give each year?
Bean Space Foundation gave $1.0M across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $361K across 5 grants.
What is Bean Space Foundation's typical grant size?
Bean Space Foundation's median grant in 2024 was $48,000, and its average grant was $144,953, across 7 grants on its 2024 IRS Form 990-PF.
Where does Bean Space Foundation give grants?
Bean Space Foundation gives mostly in Nevada: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Reno, NV (6 grants).
Does Bean Space Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Bean Space Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Bean Space Foundation?
Bean Space Foundation reported $97K in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Bean Space Foundation's EIN?
Bean Space Foundation's EIN (Employer Identification Number) is 86-2654801. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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