Foundation Blue Inc
- Assets
- $14.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 46-4671142
Organization Overview
Foundation Blue Inc is located in Westerly, RI. The organization was established in 2015. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Blue 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 12/2022, Foundation Blue Inc generated $75.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $68.5k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS TO TWO COMMUNITY COLLEGES FOR STUDENTS MAJORING IN AUTOMOTIVE TECH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Derochambeau Director | 5 | $0 | |
Juston Santos Executive Assistant | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,876 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,240 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,600 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,424 |
| Total expenses | $68,524 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,024 |
| Other assets | $0 |
| Total assets | $14,024 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,024 |