Blue Guitar Foundation
- Assets
- $22.5m
- Revenue
- $1.8m
- Investments
- $2.8m
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 07/2014
- Data as of
- 12/2022
- 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.
For the year ending 12/2022, Blue Guitar Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Blue Guitar Foundation has awarded 82 individual grants totaling $30,300,864. 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.
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 |
|---|---|---|---|
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 | $6,591 |
| Dividends & Interest | $70,485 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,727,200 |
| Capital Gain Net Income | $1,727,200 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,239 |
| Total Revenue | $1,805,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,152 |
| Total operating and administrative expenses | $26,152 |
| Contributions, gifts, grants paid | $2,135,000 |
| Total expenses and disbursements | $2,161,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,204 |
| 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 | $19,002,241 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,845,296 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,524,741 |
| 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 $2,135,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD PALM BEACH PURPOSE: CONTRIBUTION | $100,000 |
CHABAD WEST VILLAGE PURPOSE: CONTRIBUTION | $300,000 |
COMMUNITY FOUNDATION FOR NANTUCKET PURPOSE: CONTRIBUTION | $10,000 |
JDC PURPOSE: CONTRIBUTION | $1,500,000 |
MAKE-A-WISH FOUNDATION PURPOSE: CONTRIBUTION | $125,000 |
YESHIVA OF SOUTH SHORE PURPOSE: CONTRIBUTION | $100,000 |