Project Bloom
- Assets
- $3.2m
- Revenue
- $32.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 12/2011
- Data as of
- 12/2022
- EIN
- 45-2851834
Organization Overview
Project Bloom is located in Portland, OR. The organization was established in 2011. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Bloom 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 12/2022, Project Bloom generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $973.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSITIONAL HOUSING AND COUNSELING TO NEWLY HOMELESS WOMEN AND THEIR MINOR CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGINNING APRIL 2018, THE ORGANIZATION COMPLETED RENOVATIONS AND PROVIDED TRANSITIONAL HOUSING TO NEWLY HOMELESS LOW INCOME WOMEN WITH AND WITHOUT MINOR CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John William Spencer President | 0 | $0 | |
Laura Michelle Murphy Treasurer And Secretary | 0 | $0 | |
Bruce Frydenlund Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,000 |
| Interest on Savings | $0 |
| 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 | $32,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $40,331 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$1,300 |
| Total operating and administrative expenses | $69,880 |
| Contributions, gifts, grants paid | $903,105 |
| Total expenses and disbursements | $972,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,157,222 |
| 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 | $3,157,222 |
| 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 | $5,900 |
| Total liabilities | $5,900 |
Grants Awarded
Over the last fiscal year, Project Bloom has awarded $903,105 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: ANNUAL DONATION | $70,000 |
LITTLE BIRD CHILDCARE PURPOSE: SUPPORT OF START UP AND MAINTENANCE OF CHILDCARE CENTER | $128,202 |
MI CASS INTERNATIONAL PURPOSE: FUNDING FOR HOUSING | $704,903 |