Force Blue Inc
- Assets
- $237.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Mount Pleasant, SC
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-2921674
Organization Overview
Force Blue Inc is located in Mount Pleasant, SC. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Force Blue Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Force 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 12/2023, Force Blue Inc generated $88.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $398.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
FORCE BLUE IS THE ONLY NONPROFIT ORGANIZATION IN THE WORLD THAT RETRAINS, RETOOLS, AND REDEPLOYS FORMER SPECIAL OPERATIONS VETERANS AND MILITARY-TRAINED COMBAT DIVERS ON MISSIONS OF MARINE CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ritterhoff President & CEO | 40 | $60,000 | |
Angelo Fiore Director | 40 | $60,000 | |
Keith Sahm Secretary | 40 | $60,000 | |
Ken Roche Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,673 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,665 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,700 |
| Other Revenue | $406 |
| Total Revenue | $88,444 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $250,999 |
| Professional fees and other payments to independent contractors | $49,520 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13 |
| Other expenses | $97,914 |
| Total expenses | $398,446 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $177,688 |
| Other assets | $0 |
| Total assets | $236,984 |
| Total liabilities | $144,458 |
| Net assets or fund balances | $92,526 |