Beam Circular
Nonprofit profile at a glance
- EIN
- 993024237
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025
- Location
- Modesto, CA, USA
- Phone
- 4154184759
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $6,517,838
- Expenses
- $5,537,004
- Assets
- $3,320,863
- Liabilities
- $1,806,590
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- KAREN WARNER (President & CEO)
Highest reported compensation
- KAREN WARNER (President & CEO): $165,754 total reported compensation
- MARIA OLIDE (TREAS. & SEC.): $78,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
BEAM Circular is working to unlock the power of communities to transform waste into economic prosperity and environmental solutions. BEAM Circular believes that every person should have access to a good job, clean air and water, and a thriving community.
What it reported doing in 2025
BEAM Circulars programs are for the purpose of advancing the circular bioeconomy in the North SanJoaquin Valley (NSJV), with a focus on growing a bioindustrial manufacturing industry cluster that will increase access to family-sustaining jobs and a healthy environment. BEAM Circulars ongoing programs include workforce development, research and innovation coordination, business and economic development, community prosperity, and public advocacy. Additionally, BEAM Circular is working to advance key projects including the coordination of a network of partners, leading pre-development efforts for an innovation campus, participation in a collaborative effort to launch a feedstock portal, and hosting an accelerator program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 73
- Accountability: 100
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.2%; rating input score 74
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: $56.99 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 21st percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.9%; rating input score 99; 42nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 130.7% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 109.8% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 123.3% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 74.2% of revenue deployed · 87.2% of spending went to programs
- Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.8M in reported program spending
- Leadership: top reported pay $166K · 6 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.