Blue Guitar Foundation
- Assets
- $22.9m
- Revenue
- -$347.5k
- Investments
- $22.9m
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1630463
Organization Overview
Blue Guitar Foundation is located in Fort Lee, NJ. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public 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 Guitar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Blue Guitar Foundation has awarded 76 individual grants totaling $28,165,864. 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 |
|---|---|---|---|
Adam P Glick Director,member & President | 10 | $0 | |
Denise R Scruton Director,member Treasurer | 10 | $0 | |
Noah Glick Director & Member | 5 | $0 | |
Zoe Glick Director & Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $187 |
| Dividends & Interest | $118,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$465,786 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$347,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,364 |
| Total operating and administrative expenses | $17,607 |
| Contributions, gifts, grants paid | $3,357,000 |
| Total expenses and disbursements | $3,374,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,166 |
| 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 | $22,855,212 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,880,378 |
| 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 Guitar Foundation has awarded $3,357,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
JDC PURPOSE: CONTRIBUTION | $1,500,000 |
FROST SCHOOL OF MUSIC PURPOSE: CONTRIBUTION | $1,000,000 |
CHABAD AT YALE PURPOSE: CONTRIBUTION | $500,000 |
MAKE-A-WISH FOUNDATION PURPOSE: CONTRIBUTION | $125,000 |
YESHIVA OF SOUTH SHORE PURPOSE: CONTRIBUTION | $100,000 |
CHABAD WEST VILLAGE PURPOSE: CONTRIBUTION | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |