Blue Sky Foundation Inc
- Assets
- $9.7m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 35-2153383
Organization Overview
Blue Sky Foundation Inc is located in New Albany, IN. The organization was established in 2001. 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 Sky 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 12/2021, Blue Sky Foundation Inc generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 24.1% per year over the past 7 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.
Since 2015, Blue Sky Foundation Inc has awarded 152 individual grants totaling $31,887,402. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryce Butler Former Executive Director | 20 | $74,800 | |
John B Shine President, Director | 0 | $0 | |
Rudy Spencer Executive Director | 40 | $0 | |
Jane Shine Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,000,000 |
| Interest on Savings | $963 |
| Dividends & Interest | $0 |
| 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 | $14,000,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $700 |
| Travel, conferences, and meetings | $1,368 |
| Printing and publications | $0 |
| Other expenses | $335 |
| Total operating and administrative expenses | $77,203 |
| Contributions, gifts, grants paid | $7,840,500 |
| Total expenses and disbursements | $7,917,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,716,970 |
| 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 | $9,716,970 |
| 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, Blue Sky Foundation Inc has awarded $7,840,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS VENTURES PURPOSE: TEN TALENTS FUND | $3,000,000 |
NEW LIFE MINISTRIES PURPOSE: GENERAL FUNDS | $2,500,000 |
New Albany, IN PURPOSE: GENERAL FUNDS | $1,600,000 |
RIVER HERITAGE CONSERVANCY PURPOSE: GENERAL FUNDS | $250,000 |
SEEDS TO OAK PURPOSE: GENERAL FUNDS | $250,000 |
Louisville, KY PURPOSE: BLACK L.O.V.E. PHILANTHROPIC PARTNERSHIP | $110,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Sky Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Frost Foundation Santa Fe, NM PURPOSE: OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |