Bleu Blanc Rouge Foundation
- Assets
- $10.4m
- Revenue
- $1.6m
- Investments
- $5.6m
- Employees
- 0
- Location
- Dover, DE
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 82-1684769
Organization Overview
Bleu Blanc Rouge Foundation is located in Dover, DE. The organization was established in 2017. 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. Bleu Blanc Rouge Foundation 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 12/2022, Bleu Blanc Rouge Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 5 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.
Since 2018, Bleu Blanc Rouge Foundation has awarded 99 individual grants totaling $4,629,737. 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
WUBANCHI PROJECT - THE FOUNDATION'S GOAL IS TO SUPPORT ETHIOPIAN ORPHANS SUCCESSFULLY TRANSITION OUT OF THE FOSTER CARE SYSTEM AND INTO SOCIETY AS PRODUCTIVE AND SELF-SUSTAINING CITIZENS. ETHIOPIAN LAWS ORDER ORPHANAGES AND CHILD CARE CENTERS TO RELEASE A CHILD WHEN HE/ SHE TURNS 16. IN MOST CASES, THE ORPHANAGES AND CHILD CARE CENTERS RELEASE THE CHILD WITHOUT PLANS TO ENSURE THE CHILD'S SAFETY OR SUCCESS IN SOCIETY. THE FOUNDATION'S EFFORTS ARE FOCUSED ON PROVIDING HOUSING, EDUCATION AND MEDICAL ASSISTANCE TO THESE ORPHANS. THE FOUNDATION ASSISTED 812 YOUNG PEOPLE DURING 2022. PLEASE SUBMIT APPLICATIONS TO TSEDEY TEFERA TILAHUN, KALITY SUB CITY, KEBELE 12/13, AKAKI, HOUSE NUMBER 1351, ADDIS ABABA, ETHIOPIA TELEPHONE # 2034051040 EMAIL TSEDEY@WUBANCHI.ORG PLEASE INCLUDE COPIES OF IDENTITY DOCUMENTS (IF AVAILABLE), SUPPORTING PLANS/INVOICES & THIRD PARTY BANK DETAILS (WHERE POSSIBLE). NO SUBMISSION DEADLINES. GRANTEE SHOULD BE BASED IN ETHIOPIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 0.3 | $0 | |
Name Not Listed President/ Director | 1 | $0 | |
Name Not Listed Director | 0.3 | $0 | |
Name Not Listed Director | 0.3 | $0 | |
Name Not Listed Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenwood Place | 12/30/22 | $93,311 |
Islandbridge Capital | 12/30/22 | $87,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,534,563 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,354 |
| 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 | $1,590,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132,378 |
| Total operating and administrative expenses | $506,256 |
| Contributions, gifts, grants paid | $1,120,912 |
| Total expenses and disbursements | $1,627,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,803,332 |
| Savings and temporary cash investments | $0 |
| 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 | $2,862,210 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,439,897 |
| 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, Bleu Blanc Rouge Foundation has awarded $1,120,913 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
A GLIMMER OF HOPE PURPOSE: GENERAL SUPPORT | $137,900 |
COLLABORATIVE CURES PURPOSE: GENERAL SUPPORT | $34,435 |
GIVE & SURF PURPOSE: GENERAL SUPPORT | $3,000 |
HAND IN HAND PURPOSE: GENERAL SUPPORT | $7,500 |
SOCIAL GOOD FUND PURPOSE: GENERAL SUPPORT | $7,500 |
INSEAD PURPOSE: GENERAL SUPPORT | $50,000 |