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
7
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
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.
Explore Open Grants
Browse active grant opportunities in Bean Space Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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