Blue Lagoon Foundation Inc
- Assets
- $1.4m
- Revenue
- $17.3k
- Investments
- $999.8k
- Employees
- 0
- Location
- Big Canoe, GA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-5674394
Organization Overview
Blue Lagoon Foundation Inc is located in Big Canoe, GA. The organization was established in 2016. 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 Lagoon 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.
Since 2017, Blue Lagoon Foundation Inc has awarded 62 individual grants totaling $4,237,235. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIGHT TO DREAM: RESEARCH TO IMPLEMENT SOCCER PROGRAM FOR YOUTH IN JAMAICA
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 |
|---|---|---|---|
Kevin Reid President/director | 1 | $0 | |
Heather Nation-Reid Secretary/director | 1 | $0 | |
Rodney Rogers Vice President/director | 1 | $0 | |
Jennifer Foote Secretary/director | 1 | $11,000 | |
Cherie Whitney Andres Treasurer/director | 1 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $530 |
| Dividends & Interest | $16,815 |
| 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 | $17,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,000 |
| 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 | $114,898 |
| Total operating and administrative expenses | $152,192 |
| Contributions, gifts, grants paid | $155,920 |
| Total expenses and disbursements | $308,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,805 |
| Savings and temporary cash investments | $242,879 |
| 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 | $1,373,442 |
| 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 Lagoon Foundation Inc has awarded $155,920 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA SOCCER CLUB INC PURPOSE: GENERAL FUND | $7,500 |
LEUKEMIA & LYMPHOMA SOCIETY NATIONAL CAPITAL AREA PURPOSE: GENERAL FUND | $5,000 |
GIRLS INC PURPOSE: GENERAL FUND | $2,500 |
GRACE EPISCOPAL DAY SCHOOL PURPOSE: GENERAL FUND | $10,000 |
READ USA INC PURPOSE: GENERAL FUND | $10,000 |
JAMAICA'S PROMISE PURPOSE: GENERAL FUND | $10,000 |