Blue Foundry Charitable Foundation Inc
- Assets
- $12.3m
- Revenue
- $9.0m
- Investments
- $11.0m
- Employees
- 0
- Location
- Rutherford, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 87-1693864
Organization Overview
Blue Foundry Charitable Foundation Inc is located in Rutherford, 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.
Since 2021, Blue Foundry Charitable Foundation Inc has awarded 22 individual grants totaling $107,500. 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 | $9,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $9,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $20,190 |
| Contributions, gifts, grants paid | $107,500 |
| Total expenses and disbursements | $127,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,362,310 |
| 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 | $12,334,810 |
| 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 $107,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE OF BERGEN COUNTY PURPOSE: FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
FRIENDS OF THE GLEN RIDGE LIBRARY PURPOSE: SUPPORT AND ENRICH THE LIBRARY AND COMMUNITY. | $5,000 |
Morristown, NJ PURPOSE: FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
FAMILY PROMISE OF HUDSON COUNTY PURPOSE: TO DELIVER LIFE SAVING SERVICES; PREVENTION, SHELTER, AND STABILAZATION OF FAMILIES IN NEED. | $5,000 |
CENTER FOR FOOD ACTION PURPOSE: FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
Glen Ridge, NJ PURPOSE: ENHANCES EDUCATIONAL OPPORTUNITIES BY IDENTIFYING, INCUBATING AND FUNDING INNOVATIVE TEACHING AND LEARNING PROGRAMS THAT THE SCHOOL BUDGET DOES NOT HAVE THE LEEWAY TO ADDRESS. OVER THE LAST 25 YEARS, THE GLEN RIDGE EDUCATIONAL FOUNDATION HAS GRANTED MORE THAN $2M TO PROJECTS AND PROGRAMS IN THE GLEN RIDGE PUBLIC SCHOOLS. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |