Bloom Foundation
- Assets
- $397.4k
- Revenue
- $5.5k
- Investments
- $335.4k
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-4495284
Organization Overview
Bloom Foundation is located in Spokane, WA. The organization was established in 2006. 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. Bloom 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 12/2023, Bloom Foundation generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $26.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bloom Foundation has awarded 89 individual grants totaling $205,406. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR CHARITABLE PURPOSES, INCLUDING DIRECT GRANTS TO QUALIFYING SECTION 501(C)3 ORGANIZATIONS FOR THEIR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary N Bloom President | 1 | $0 | |
Susan M Bloom Director | 1 | $0 | |
Molly Schick Director | 0 | $0 | |
Jeff Schick Director | 0 | $0 | |
Christy Bloom Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,201 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $331 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,637 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $26,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,006 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $397,360 |
| 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, Bloom Foundation has awarded $24,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANDREW NATIVITY SCHOOL PURPOSE: OPERATIONS. | $5,000 |
TEAM GLEASON INITIATIVE FOUNDATION PURPOSE: MEDICAL RESEARCH | $4,000 |
PARTNERING FOR PROGRESS - KENYA PURPOSE: HEALTH CARE AND EDUCATION | $1,000 |
SECOND HARVEST FOOD BANK PURPOSE: HEALTH FOR NEEDY | $4,000 |
FAMILY PROMISE OF SPOKANE PURPOSE: FUNDING TO AID HOMELESSNESS. | $1,000 |
BIG BROTHERS AND SISTERS SPOKANE PURPOSE: YOUTH ACVOCACY | $4,000 |