Bloomberg Foundation
- Assets
- $6.6k
- Revenue
- $3.2k
- Investments
- $389.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 13-6272482
Organization Overview
Bloomberg Foundation is located in Park City, UT. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bloomberg Foundation 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 12/2021, Bloomberg Foundation generated $3.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $19.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bloomberg Foundation has awarded 14 individual grants totaling $274,925. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,950 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $595 |
| Total operating and administrative expenses | $2,545 |
| Contributions, gifts, grants paid | $16,500 |
| Total expenses and disbursements | $19,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,165 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $389 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,554 |
| 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 |
Grants Awarded
Over the last fiscal year, Bloomberg Foundation has awarded $16,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: FINANCIAL SUPPORT OF MEDICAL RESEARCH | $10,000 |
SCTA FOUNDATION PURPOSE: FINANCIAL SUPPORT OF THE ARTS | $5,000 |
Oakland, CA PURPOSE: FINANCIAL SUPPORT OF THE ARTS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
The Forsberg Charitable Foundation Scottsdale, AZ | $0 | $451,521 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |