Blue Hills Foundation Inc
- Assets
- $15.2m
- Revenue
- $5.3m
- Investments
- $5.7m
- Employees
- 0
- Location
- Strafford, NH
- Founding
- 12/1982
- Data as of
- 12/2023
- EIN
- 02-0366576
Organization Overview
Blue Hills Foundation Inc is located in Strafford, NH. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Hills Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Blue Hills Foundation Inc generated $5.3m in total revenue. All expenses for the organization totaled $148.3k during the year ending 12/2023. While expenses have increased by 50.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND ACQUISITION FOR PRESERVATION, WILDLIFE SANCTUARY OR REFUGE AND PRESERVATION OF NATURAL RESOURCES (CONSERVATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip W Lovejoy President | 0 | $0 | |
Lisa Lovejoy Treasurer | 0 | $0 | |
G Montgomery Lovejoy III Secretary | 0 | $0 | |
Henry W Lovejoy Director | 0 | $0 | |
John Aber Director | 0 | $0 | |
Paul S Goodof Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,064,311 |
| Interest on Savings | $34,467 |
| Dividends & Interest | $50,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183,834 |
| Capital Gain Net Income | $183,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,593 |
| Total Revenue | $5,335,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,268 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,011 |
| Total operating and administrative expenses | $145,824 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $148,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,757 |
| Savings and temporary cash investments | $187,485 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $9,264,562 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,186,138 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |