Blits Foundation
- Assets
- $492.8k
- Revenue
- $15.3k
- Investments
- $475.8k
- Employees
- 0
- Location
- Mill Valley, CA
- Founding
- 01/2013
- Data as of
- 06/2024
- EIN
- 45-4050417
Organization Overview
Blits Foundation is located in Mill Valley, CA. The organization was established in 2013. 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. Blits 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 06/2024, Blits Foundation generated $15.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $31.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Blits Foundation has awarded 40 individual grants totaling $234,962. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn L Camastral President | 1 | $0 | |
Brian M Camastral CFO And Secretary | 1 | $0 | |
Ryan T Camastral Project Manager | 1 | $0 | |
Caitlin A Camastral Project Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $595 |
| Dividends & Interest | $9,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,137 |
| Capital Gain Net Income | $5,137 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,977 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $30,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,064 |
| 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 | $100,555 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $492,842 |
| 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, Blits Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CANTICLE FARM PURPOSE: FUNDING FOR PROJECT ADAPT: CURRICULUM/PROCESS FOR SPIRITUAL CARE & ADAPTATION SKILLS FOR THE CLIMATE CRISIS. | $15,000 |
LIVING DYING PROJECT PURPOSE: FUNDING FOR GENERAL PROGRAM AND CENTER SUPPORT. | $2,500 |
SAN FRANCISCO ZEN CENTER PURPOSE: FUNDING TO SUPPORT ZEN CENTER PROGRAMMING. | $1,250 |
SPIRIT ROCK MEDITATION CENTER PURPOSE: FUNDING TO SUPPORT SPIRIT ROCK MEDITATION CENTER PROGRAMING. | $1,250 |