Blue Foundry Charitable Foundation Inc
- Assets
- $10.4m
- Revenue
- $1.1k
- Investments
- $9.6m
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 87-1693864
Organization Overview
Blue Foundry Charitable Foundation Inc is located in Parsippany, NJ. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Blue Foundry Charitable 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 12/2022, Blue Foundry Charitable Foundation Inc generated $1.1k in total revenue. All expenses for the organization totaled $655.8k during the year ending 12/2022.
Since 2021, Blue Foundry Charitable Foundation Inc has awarded 153 individual grants totaling $693,355. 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 |
|---|---|---|---|
Patrice Picard President | 1 | $0 | |
James Nesci Vice President | 1 | $0 | |
Kenneth Grimbilas Vice President And Treasurer | 1 | $0 | |
J Christopher Ely Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,061 |
| 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 | $1,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $13,631 |
| Pension plans, employee benefits | $4,512 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,058 |
| Total operating and administrative expenses | $69,933 |
| Contributions, gifts, grants paid | $585,855 |
| Total expenses and disbursements | $655,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,085 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,352,585 |
| 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, Blue Foundry Charitable Foundation Inc has awarded $585,855 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER APHASIA CENTER PURPOSE: HEALTH AND HUMAN SERVICES | $2,500 |
ALL CHILDRENS ART CENTER OF NJ PURPOSE: YOUTH PROGRAM | $3,500 |
ALLENDALE WOMAN'S CLUB OF NEW JERSEY PURPOSE: HEALTH AND HUMAN SERVICES | $500 |
ANGELA CARES PURPOSE: HEALTH AND HUMAN SERVICES | $2,500 |
ARAWAKAN INC PURPOSE: EDUCATION | $1,000 |
BERGEN COUNTY COURT APPOINTED SPECIAL ADVOCATES INC PURPOSE: HEALTH AND HUMAN SERVICES | $5,000 |