Force Blue Inc
- Assets
- $619.7k
- Revenue
- $797.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Mount Pleasant, SC
- Founding
- 10/2016
- Data as of
- 12/2021
- 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 12/2021, Force Blue Inc employed 4 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 12/2021, Force Blue Inc generated $797.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $659.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | Officer | 40 | $56,538 |
Angelo Fiore Director | Trustee | 40 | $56,039 |
Keith Sahm Secretary | Officer | 40 | $55,243 |
Ken Roche Treasurer | Officer | 10 | $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 | $749,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,755 |
| Total Program Service Revenue | $0 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,933 |
| 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. | $167,820 |
| Compensation of current officers, directors, key employees. | $54,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,389 |
| Office expenses | $568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $63,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,813 |
| All other expenses | $75,171 |
| Total functional expenses | $659,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,588 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $73,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $619,681 |
| Accounts payable and accrued expenses | $10,792 |
| 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 | $150,000 |
| Total liabilities | $160,792 |
| Net assets without donor restrictions | $282,397 |
| Net assets with donor restrictions | $176,492 |
| 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 | $619,681 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Force Blue Inc has recieved totaling $165,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $150,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |
Highlands Festivals Inc Highlands, NC | $326,105 | $1,750,969 |
Fearless Foundation Atlanta, GA | $1,132,374 | $1,879,003 |
Allied Churches Of Alamance County Inc Burlington, NC | $1,257,075 | $884,626 |
Force Blue Inc Mount Pleasant, SC | $619,681 | $797,933 |
Flint Energies Foundation Inc Reynolds, GA | $1,510,696 | $1,010,080 |