Bloom Foundation Inc
- Assets
- $6.5m
- Revenue
- $734.5k
- Investments
- $4.3m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 07/2019
- Data as of
- 12/2020
- EIN
- 82-5342697
Organization Overview
Bloom Foundation Inc is located in Morristown, NJ. The organization was established in 2019. According to its NTEE Classification (M11) the organization is classified as: Single Organization Support, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloom 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.
Since 2020, Bloom Foundation Inc has awarded 30 individual grants totaling $784,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bloom Director | 0 | $0 | |
Paul Sczepanski Director | 0 | $0 | |
Sara Bloom Director | 0 | $0 | |
Kate Bloom Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $410,262 |
| Interest on Savings | $64,835 |
| Dividends & Interest | $69,335 |
| Net Rental Income | -$37,132 |
| Net Gain on Sale of Assets | $156,697 |
| Capital Gain Net Income | $156,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,402 |
| Total Revenue | $734,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $206 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,297 |
| Total operating and administrative expenses | $136,503 |
| Contributions, gifts, grants paid | $389,500 |
| Total expenses and disbursements | $526,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,736,203 |
| 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 | $2,027,892 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $415,437 |
| Total assets | $6,491,896 |
| 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, Bloom Foundation Inc has awarded $395,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Miami Beach, FL PURPOSE: UNRESTRICTED | $250,000 |
Miami, FL PURPOSE: UNRESTRICTED | $30,000 |
POLICE OFFICERS ASSISTANCE FUND PURPOSE: UNRESTRICTED | $25,000 |
MIAMI BEACH POLICE ATHLETIC LEAGUE PURPOSE: UNRESTRICTED | $25,000 |
Miami Beach, FL PURPOSE: UNRESTRICTED | $10,000 |
Philadelphia, PA PURPOSE: UNRESTRICTED | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fdny Foundation Brooklyn, NY | $25,859,384 | $8,029,914 |
Leary Firefighters Foundation New York, NY | $7,496,522 | $5,138,431 |
Sod Haadam Inc Lakewood, NJ | $1,381,612 | $2,254,195 |
Friends Of Firefighters Inc Brooklyn, NY | $802,033 | $1,206,133 |
Bloom Foundation Inc Morristown, NJ | $6,491,896 | $734,531 |
Mckinley Volunteer Firefighters Relief Association Elkins Park, PA | $964,209 | $115,816 |
Yardely Firemans Relief Assoc Yardley, PA | $7,759,188 | $1,555,502 |
Huntingdon Valley Fire Co No 1 Firemens Relief Assoc Huntingdon Valley, PA | $3,875,104 | $227,052 |
Wakefield Ambulance Association Peach Bottom, PA | $752,063 | $426,526 |
Two Hundred Club Of Bergen County Hackensack, NJ | $2,852,182 | $348,784 |
Lancaster County Public Safety Training Center Foundation Manheim, PA | $125,316 | $381,978 |
Western Regional Ems Inc Pittsburgh, PA | $641,498 | $202,565 |