Bloom Our Youth Inc
- Assets
- $4.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 37
- Location
- Fayetteville, GA
- Founding
- 11/1987
- Data as of
- 06/2022
- EIN
- 58-1740987
Organization Overview
Bloom Our Youth Inc is located in Fayetteville, GA. The organization was established in 1987. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Bloom Our Youth Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloom Our Youth 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 06/2022, Bloom Our Youth Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 20.9% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BLOOM STRENGTHENS FOSTER CHILDREN AND EMPOWERS THE FAMILIES WHO CARE FOR THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLOOM CLOSET IS A RESOURCE CENTER FOR CLOTHING AND ESSENTIALS FOR FOSTER CHILDREN LIVING IN THE STATE OF GEORGIA. ESTABLISHED IN 2008, THE BLOOM CLOSET ANNUALLY PROVIDES NEW OR NEARLY NEW CLOTHING, TOYS, AND SUPPLIES FOR FOSTER YOUTH AT NO CHARGE. TO FURTHER ENHANCE THE EXPERIENCE, THE BLOOM CLOSET IS SET UP TO LOOK AND FEEL LIKE AN EXCLUSIVE BOUTIQUE. THE BLOOM CLOSET SERVES APPROXIMATELY 4,000 FOSTER CHILDREN PER YEAR, AND OVER THE COURSE OF THE YEAR, EACH CHILD SERVED RECEIVES APPROXIMATELY 1,000 WORTH OF SUPPLIES. IN 2021, THE BLOOM CLOSET EXPRESS, A MOBILE 20- FT. STORE-ON-WHEELS, LAUNCHED TO SERVE MORE CHILDREN IN FOSTER CARE ACROSS THE STATE. THE BLOOM CLOSET EXPRESS ALLOWS UNDERSERVED FOSTER CHILDREN TO ACCESS OUR RETAIL EXPERIENCE AT THEIR LOCATION AND PROVIDES FREE CLOTHING, ESSENTIALS, SCHOOL SUPPLIES AND TOYS .
BLOOM RECRUITS, TRAINS, AND SUPPORTS A NETWORK OF FOSTER FAMILIES AND GIVES THEM THE TOOLS THEY NEED TO PROVIDE EXCEPTIONAL CARE TO THE CHILDREN THEY TAKE INTO THEIR HOMES. BLOOM IS LICENSED TO SERVE BASIC LEVEL FOSTER CHILDREN, AS WELL AS FOSTER CHILDREN WITH SIGNIFICANT THERAPEUTIC ISSUES, MEDICALLY FRAGILE FOSTER CHILDREN, AND PREGNANT OR PARENTING FOSTER TEEN GIRLS. TO ENSURE FAMILIES WHO JOIN BLOOM'S FOSTER CARE TEAM HAVE THE CHARACTER AND HIGH STANDARDS REQUIRED, BLOOM PERFORMS RIGOROUS BACKGROUND CHECKS, INTERVIEWS, AND HOME STUDIES. ADDITIONALLY, BLOOM PROVIDES YEAR- ROUND TRAINING THROUGH BLOOM UNIVERSITY (BLOOM U) WHERE FOSTER PARENTS RECEIVE THE TRAINING THEY NEED TO PROVIDE HEALING FOR TRAUMATIZED CHLIDREN. BLOOM FOSTER CARE ALSO PROVIDES RESPITE CARE BREAKS, SUPPORT GROUPS, NETWORKING OPPORTUNITIES AND REFERRALS TO COMMUNITY RESOURCES. FAMILY CONSULTANTS MAINTAIN LOW CASELOADS TO ENSURE PERSONALIZED ATTENTION AND A STAFF MEMBER IS ON-CALL 24/7 TO PROVIDE SUPPORT IF A CRISIS SHOULD OCCUR. BLOOM CELEBRATES THE WORK OF FOSTER PARENTS, AND SUPPORTING THEM IS CRUCIAL TO PROVIDING POSITIVE OUTCOMES FOR THE CHILDREN IN THEIR CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Davenport President & | Officer | 50 | $120,363 |
Maggie Reenstra Vice-Preside | Trustee | $0 | |
Normer Adams President | Trustee | $0 | |
Tim Fosnough Member-At-La | Trustee | $0 | |
Dan Bradfield Member-At-La | Trustee | $0 | |
Jeff Giglio Member-At-La | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $214,641 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,920,786 |
| Noncash contributions included in lines 1a–1f | $983,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,135,427 |
| Total Program Service Revenue | $1,885,900 |
| Investment income | $609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $67,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,314,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $983,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,363 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $996,887 |
| Pension plan accruals and contributions | $84,348 |
| Other employee benefits | $14,314 |
| Payroll taxes | $81,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,755 |
| Advertising and promotion | $0 |
| Office expenses | $40,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,828 |
| Insurance | $65,037 |
| All other expenses | $195,772 |
| Total functional expenses | $3,988,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,554 |
| Savings and temporary cash investments | $8 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,367,477 |
| Investments—publicly traded securities | $559,068 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $872,457 |
| Total assets | $3,984,539 |
| Accounts payable and accrued expenses | $31,531 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,531 |
| Net assets without donor restrictions | $2,768,833 |
| Net assets with donor restrictions | $1,184,175 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,984,539 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bloom Our Youth Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Oneill Family Foundation Peachtree City, GA PURPOSE: FURTHER PURPOSES OF ORGANIZATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Transition House Of Washington Inc Saint Cloud, FL | $1,607,581 | $3,946,761 |
Crossing The Jordan Foundation Inc Weston, FL | $358,334 | $2,743,535 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
Homeless No More Inc Columbia, SC | $6,056,633 | $1,621,915 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |