Bloom India Development Foundation Inc
- Assets
- $685.1k
- Revenue
- $680.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 80-0727023
Organization Overview
Bloom India Development Foundation Inc is located in Winchester, MA. The organization was established in 2013. According to its NTEE Classification (P19) the organization is classified as: Support 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. Bloom India Development 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.
For the year ending 12/2023, Bloom India Development Foundation Inc generated $680.3k in total revenue. All expenses for the organization totaled $454.5k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOOM INDIA PROVIDES QUALITY EDUCATION TO OVER 2,000 UNDERPRIVILEGED CHILDREN IN OUR ACADEMIES. BLOOM INDIA ALSO PROVIDES FULL SCHOLARSHIPS TO BLOOM GRADUATES, OF WHOM 60 HIGH-POTENTIAL STUDENTS ARE IN HIGHER EDUCATION PROGRAMS. BLOOM INDIA ALSO HAS STEM CENTERS IN MULTIPLE LOCATIONS WHICH PROVIDE FOCUSED MATH, SCIENCE, AND ENGLISH CURRICULUM FOR THE HARDEST TO REACH STUDENTS. BLOOM INDIA ESTABLISHED A MEAL PROGRAM WITH FRESHLY COOKED HEALTHY MEALS TO SUPPORT OUR STUDENTS SO THEY CAN LEARN WITHOUT BEING HUNGRY.
WE ARE PLEASED TO PARTNER WITH THE DARSHA ACADEMY, A PRE-UNIVERSITY COURSE (PUC) THAT PREPARES RESILIENT YOUNG WOMEN FOR LEADERSHIP AND COMMUNITY TRANSFORMATION THROUGH EDUCATION AND CHARACTER DEVELOPMENT. PUCS ARE SIMILAR TO AN 11TH AND 12TH GRADE IN THE US. IT IS REQUIRED FOR STUDENTS ENTERING UNIVERSITY BUT IS OFTEN UNAFFORDABLE TO LOW-INCOME FAMILIES. DARSHA FOCUSES ON STEM-BASED CURRICULUM TO PREPARE YOUNG WOMEN FOR STUDYING IN A MATH AND SCIENCE FOCUSED UNIVERSITY. WE ARE EXCITED TO SEE YOUNG WOMEN EMPOWERED AND EQUIPPED TO PURSUE THEIR DREAMS!
BLOOM USA - OUR PRIMARY MISSION IS TO REDEFINE THE FUTURE FOR AT-RISK CHILDREN IN HIGHLY IMPOVERISHED AREAS BY PROVIDING WORLD-CLASS ACADEMIES. OUR VISION IS TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN AND BREAK THE BONDAGE OF POVERTY, INJUSTICE, AND SOCIAL DISCRIMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Mathew President | Trustee | 0 | $0 |
Robin John Director | Trustee | 0 | $0 |
Jocelyn Kuryan Director | Trustee | 0 | $0 |
Johnson Parayil Director | Trustee | 0 | $0 |
John Kuryan Director | Trustee | 0 | $0 |
Abraham Paul Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,325 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,367 |
| Office expenses | $3,536 |
| Information technology | $2,012 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,006 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $357,058 |
| Total functional expenses | $454,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $685,058 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $685,058 |
| Net assets with donor restrictions | $0 |
| 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 | $685,058 |