Bleeding Blue For Good Fund
- Assets
- $1.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Trumbull, CT
- Founding
- Data as of
- 12/2023
- EIN
- 88-3621334
Organization Overview
Bleeding Blue For Good Fund is located in Trumbull, CT. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bleeding Blue For Good Fund 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, Bleeding Blue For Good Fund generated $3.2m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 73.0% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE UCONN STUDENT ATHLETES' SERVICES & MAKE FINANCIAL DONATIONS TO YOUTH CHARITIES IN CT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLEEDING BLUE FOR GOOD FUND (BBGF) WILL PROVIDE TAX-EXEMPT CHARITABLE ORGANIZATIONS WITH GRANTS AND STUDENT ATHLETE IN-KIND CONTRIBUTIONS OF SPORTS AND PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND PUBLIC RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES, BETTER SERVE THEIR CONSTITUENTS, AND BETTER ACHIEVE THEIR EXEMPT PURPOSES. BY DEPLOYING INTERCOLLEGIATE ATHLETES AND THE NAMES, IMAGES, AND LIKENESSES OF INTERCOLLEGIATE ATHLETES, BBGF'S SERVICES WILL INCREASE THE CONSTITUENT ORGANIZATIONS' VISIBILITY AND REACH IN THEIR COMMUNITIES AS WELL AS PROVIDE UNIQUE ATHLETIC AND PHYSICAL EDUCATION TO BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, (SEE SCHEDULE O) RAISE AWARENESS OF THE NEED OF BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, ATTRACT DONORS AND VOLUNTEERS TO CONSTITUENT ORGANIZATIONS, AND ENHANCE THE CONSTITUENT ORGANIZATIONS' RELATIONSHIPS AMONG SERVED POPULATIONS. EXAMPLES OF BBGF'S SERVICES USING THE NAME, IMAGE, SPEAKING, AND LIKENESS OF INTERCOLLEGIATE ATHLETES AND INTERCOLLEGIATE ATHLETES THEMSELVES INCLUDE, BUT ARE NOT LIMITED TO, HOLDING ATHLETIC SKILL CAMPS AND PHYSICAL EDUCATION EVENTS, CONDUCTING CHARITABLE ACTIVITIES AND EVENTS, AND PROVIDING THE SERVICES OF INTERCOLLEGIATE ATHLETES AS ORGANIZATIONAL SPOKESPERSONS, MOTIVATIONAL SPEAKERS, GROUP SPEAKERS, AND ADVISORS ON RELATIONSHIPS WITH AND NEEDS OF SERVED POPULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kalana Greene Vice President | OfficerTrustee | 2 | $0 |
Michael Cantor Secretary | OfficerTrustee | 2 | $0 |
John P Malfettone President | OfficerTrustee | 2 | $0 |
Rasool Ahmed Treasurer | OfficerTrustee | 2 | $0 |
Mike Burton Vice President (as Of 11/23) | OfficerTrustee | 2 | $0 |
Ben Renshaw Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pro Campers Event And Athletic Services | 12/30/23 | $369,000 |
Opendorse Event And Athletic Services | 12/30/23 | $375,450 |
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 | $2,903,623 |
| Noncash contributions included in lines 1a–1f | $361,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,903,623 |
| Total Program Service Revenue | $0 |
| Investment income | $404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,523 |
| Net Income from Fundraising Events | $226,577 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,242,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,385 |
| Compensation of current officers, directors, key employees. | $45,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,890 |
| Fees for services: Accounting | $20,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,208,073 |
| Advertising and promotion | $104 |
| Office expenses | $1,961 |
| Information technology | $4,294 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,465 |
| All other expenses | $34,190 |
| Total functional expenses | $1,566,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,402,284 |
| Savings and temporary cash investments | $312,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404 |
| 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 | $1,804 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,767,146 |
| Accounts payable and accrued expenses | $35,151 |
| 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 | $0 |
| Total liabilities | $35,151 |
| Net assets without donor restrictions | $819,735 |
| Net assets with donor restrictions | $912,260 |
| 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 | $1,767,146 |
Grants Awarded
Over the last fiscal year, Bleeding Blue For Good Fund has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WATERBURY POLICE ACTIVITY LEAGUE PURPOSE: SUPPORTING THE ORGANIZATION'S PROGRAMS | $10,500 |
RYAN MARTIN FOUNDATION INC PURPOSE: SUPPORTING THE ORGANIZATION'S PROGRAMS | $7,500 |