Blossom Charitable Foundation Inc
- Assets
- $83.9k
- Revenue
- $268.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Wales, FL
- Founding
- Data as of
- 12/2022
- EIN
- 86-3139841
Organization Overview
Blossom Charitable Foundation Inc is located in Lake Wales, FL. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Blossom 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, Blossom Charitable Foundation Inc generated $268.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $333.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO NURTURE THE CULTURE OF LAKE WALES BY PRESENTING A SPECTACULAR GATHERING OF MUSICIANS AND PERFORMERS THAT LEADS TO A GREATER AWARENESS AND SUPPORTS LAKE WALES ARTS AND RECREATION PROGRAMMING THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS THAT QUALIFY AS AN EXEMPT ORGANIZATION UNDER 501 (C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE'VE BEEN DEDICATED TO ENRICHING THE CULTURE OF LAKE WALES BY SHOWCASING AN IMPRESSIVE ARRAY OF MUSICIANS AND PERFORMERS, FOSTERING INCREASED CULTURAL AWARENESS. THESE EVENTS ARE MORE THAN JUST CELEBRATIONS; THEY'RE INVESTMENTS IN OUR COMMUNITY'S FUTURE. THE PROCEEDS ARE CHANNELED INTO VITAL COMMUNITY SERVICES, INCLUDING TUTORING, ARTS EDUCATION, AND RECREATIONAL ACTIVITIES, DIRECTLY ADDRESSING THE GAPS IN OUR PUBLIC SCHOOL SYSTEM'S OFFERINGS. OUR MISSION IS TO MAKE A TANGIBLE DIFFERENCE BY ENSURING EVERY CHILD HAS ACCESS TO PROGRAMS THAT BROADEN THEIR PERSPECTIVES AND ENHANCE THEIR GROWTH. HOWEVER, IT'S IMPORTANT TO ACKNOWLEDGE THE CHALLENGES WE'VE FACED, NOTABLY THE DECREASED ATTENDANCE DUE TO HURRICANE IRMA AND COVID-19, WHICH HAS LED TO A FINANCIAL SHORTFALL. DESPITE THESE OBSTACLES, OUR COMMITMENT TO CREATING A MORE VIBRANT, EDUCATED, AND JOYFUL LAKE WALES REMAINS UNWAVERING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlie W Cosce Secretary/tr | OfficerTrustee | $0 | |
John Reid Hardman Vice Preside | OfficerTrustee | $0 | |
Roger A Ingley Jr President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,475 |
| Total Program Service Revenue | $152,110 |
| 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 | $268,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $0 |
| 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 | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,195 |
| Office expenses | $1,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,178 |
| 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 | $5,928 |
| All other expenses | $67,705 |
| Total functional expenses | $333,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,177 |
| 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 | $4,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,948 |
| Accounts payable and accrued expenses | $132,619 |
| 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 | $132,619 |
| Net assets without donor restrictions | -$48,671 |
| 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 | $83,948 |