John Blom Foundation
- Assets
- $0.0
- Revenue
- -$10.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlantic City, NJ
- Founding
- 01/1972
- Data as of
- 12/2020
- EIN
- 23-7123907
Organization Overview
John Blom Foundation is located in Atlantic City, NJ. The organization was established in 1972. 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.
For the year ending 12/2020, John Blom Foundation generated -$10.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $87.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Virden Manager | 0 | $250 | |
Lee A Levine ESQ Manager | 0 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,637 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,835 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $162 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$10,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $610 |
| Total operating and administrative expenses | $3,920 |
| Contributions, gifts, grants paid | $83,231 |
| Total expenses and disbursements | $87,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, John Blom Foundation has awarded $83,231 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
LAMPETER UM CHURCH PURPOSE: CHARITABLE | $10,000 |
SALVATION ARMY LANCASTER PA PURPOSE: CHARITABLE | $10,000 |
ABSECON UM CHURCH PURPOSE: CHARITABLE | $10,000 |
NEW COVENANT COMMUNITY CHURCH PURPOSE: CHARITABLE | $10,000 |
FREDERICK WOMEN'S CIVIC CLUB PURPOSE: CHARITABLE | $10,000 |
ABSECON NJ TRAVEL BASKETBALL PURPOSE: CHARITABLE | $3,000 |