Bloom India Development Foundation Inc
- Assets
- $363.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 80-0727023
Organization Overview
Bloom India Development Foundation Inc is located in Winchester, MA. The organization was established in 2013. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloom India Development 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 12/2021, Bloom India Development Foundation Inc generated $1.3m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE SET FORTH IN THE ARTICLES OF INCORPORATION AND BY-LAWS. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND AS A NOT-FOR-PROFIT CORPORATION PURSUANT TO MASSACHUSEETS LAW. MORE PARTICULARLY, THE PURPOSES OF THE CORPORATION ARE: A. OUR PRIMARY MISSION IS TO REDEFINE THE FUTURE FOR AT-RISK CHILDREN IN HIGHLY IMPOVERISHED AREAS BY PROVIDING WORLD CLASS ACADEMIES. B. TO ENGAGE IN OTHER CHARITABLE, AND EDUCATIONAL ACTIVITIES THAT SUPPORT THE FOREGOING PURPOSES AND ARE NOT OTHERWISE PROHIBITED BY THE ARTICLES OF INCORPORATION OR APPLICABLE LAW. C. TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES AS DETERMINED BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOOM MERCY SCHOOL PROVIDES QUALITY EDUCATION TO OVER 400 UNDERPRIVILEGED CHILDREN. BLOOM CENTRAL SCHOOL PROVIDES QUALITY EDUCATION TO 800 STUDENTS THAT COME FROM LOWER CLASS TO WORKING FAMILIES, OF WHICH 138 ARE DISPLACED CHILDREN AND SOME ARE ORPHANED. BLOOM INDIA ALSO PROVIDES FULL SCHOLARSHIPS TO BLOOM GRADUATES, WHERE WE HAVE 60 HIGH-POTENTIAL STUDENTS IN HIGHER EDUCATION PROGRAMS. BLOOM INDIA ALSO HELPED TO PROVIDE EMERGENCY COVID FOOD RELIEF, MEDICAL ASSISTANCE, AND MEDICAL EQUIPMENT TO SUPPORT AND ESTABLISH A NECESSARY ICU WARD.
WE ARE PLEASED TO PARTNER WITH THE DARSHA ACADEMY, A PRE-UNIVERSITY COURSE (PUC) THAT PREPARES RESILIENT YOUNG WOMEN FOR LEADERSHIP AND COMMUNITY TRANSFORMATION THROUGH EDUCATION AND CHARACTER DEVELOPMENT. PRE-UNIVERSITY COURSES ARE SIMILAR TO AN 11TH AND 12TH GRADE IN THE US. IT IS REQUIRED FOR STUDENTS ENTERING UNIVERSITY, BUT IS OFTEN UNAFFORDABLE TO LOW-INCOME FAMILIES. DARSHA FOCUSES ON STEM-BASED CURRICULUM, TO PREPARE YOUNG WOMEN FOR STUDYING IN A MATH- AND SCIENCE-FOCUSED UNIVERSITY. WE ARE EXCITED TO SEE YOUNG WOMEN EMPOWERED AND EQUIPPED TO PURSUE THEIR DREAMS
BLOOM USA - OUR PRIMARY MISSION IS TO REDEFINE THE FUTURE FOR AT-RISK CHILDREN IN HIGHLY IMPOVERISHED AREAS BY PROVIDING WORLD-CLASS ACADEMIES. OUR VISION IS TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN TO BREAK THE BONDAGE OF POVERTY, INJUSTICE, AND SOCIAL DISCRIMINATION.
EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Wainwright Secretary | Officer | 20 | $52,500 |
Elizabeth Mathew Treasurer | Officer | $20,004 | |
Dennis Mathew President | OfficerTrustee | $0 | |
Robin John Director | Trustee | $0 | |
Jocelyn Kuryan Director | Trustee | $0 | |
John Kuryan Director | Trustee | $0 |
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 | $1,340,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,340,373 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,340,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,114,442 |
| Advertising and promotion | $11,892 |
| Office expenses | $2,986 |
| Information technology | $1,707 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,205,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $363,770 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $363,770 |
| Net assets with donor restrictions | $0 |
| 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 | $363,770 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bloom India Development Foundation Inc has recieved totaling $180,380.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $173,635 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,445 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highland-Valley Elder Services Inc Florence, MA | $4,698,909 | $12,881,441 |
Yours For Children Inc Auburn, MA | $1,101,334 | $6,181,837 |
Nysarc - North Country Management Services Corporation Plattsburgh, NY | $2,039,526 | $5,594,006 |
Resources For Children With Special Needs Inc New York, NY | $3,831,747 | $5,410,220 |
New York School Of Urban Ministry Inc Long Island City, NY | $4,044,090 | $3,905,565 |
Kids Unlimited Services Inc Charlton, MA | $818,098 | $3,429,935 |
Lawyers Concerned For Lawyers Inc Boston, MA | $1,840,661 | $1,932,151 |
Childrens Center Hamden, CT | $16,528,918 | $746,234 |
Paul And Jenna Segal Family Foundation New York, NY | $20,683,944 | $6,190,686 |
Operation Hat Trick Hampton, NH | $1,425,759 | $1,951,048 |
Bloom India Development Foundation Inc Winchester, MA | $363,770 | $1,340,373 |
Dignity Matters Inc Hopkinton, MA | $1,261,382 | $1,411,928 |