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Nonprofiteer
← BLUUM INC

Form 990 for tax year 2024

Filed by BLUUM INC.

Totals

Total revenue
$5,336,722
Total expenses
$5,210,909
Contributions and grants received
$5,299,329
Grants paid
$528,541
Program service revenue
$0
Investment income
$37,393
Other revenue
$0
Total assets, end of year
$6,046,467
Total liabilities, end of year
$5,861,538
Net assets or fund balances, end of year
$184,929
Program services expenses (Part IX)
$4,415,943
Management and general expenses
$794,966
Fundraising expenses
$0
Program service expenses (Part III)
$4,415,943

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,124,579

  • 1f · All other contributions, gifts and grants

    $4,174,750

  • 3 · Investment income

    total $37,393 · related or exempt $37,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $528,541 · program services $528,541

  • 5 · Compensation of officers, directors and key employees

    total $430,257 · program services $430,257

  • 7 · Other salaries and wages

    total $1,330,536 · program services $885,544 · management and general $444,992

  • 9 · Other employee benefits

    total $461,785 · program services $369,428 · management and general $92,357

  • 11b · Fees: legal

    total $4,573 · program services $4,573

  • 11c · Fees: accounting

    total $11,250 · program services $6,188 · management and general $5,062

  • 12 · Advertising and promotion

    total $109,318 · program services $109,318

  • 16 · Occupancy

    total $106,832 · program services $53,416 · management and general $53,416

  • 17 · Travel

    total $85,279 · program services $85,279

  • 23 · Insurance

    total $23,449 · program services $17,587 · management and general $5,862

  • 24a · Other expenses: FELLOWSHIPS

    total $851,807 · program services $851,807

  • 24b · Other expenses: CSP GRANT EXPENSES

    total $531,648 · program services $431,078 · management and general $100,570

  • 24c · Other expenses: RESEARCH

    total $271,569 · program services $271,569

  • 24d · Other expenses: 20 IN 10

    total $265,322 · program services $265,322

  • 24e · All other expenses

    total $198,743 · program services $106,036 · management and general $92,707

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,817,531 · end of year $1,704,087

  • 2 · Savings and temporary cash investments

    beginning of year $3,531,880 · end of year $3,632,388

  • 4 · Accounts receivable

    beginning of year $67,955 · end of year $539,887

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,641 · end of year $62,868

  • 15 · Other assets

    beginning of year $178,040 · end of year $107,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,342 · end of year $163,758

  • 19 · Deferred revenue

    beginning of year $1,718,396 · end of year $1,896,984

  • 25 · Other liabilities

    beginning of year $3,774,193 · end of year $3,800,796

  • 27 · Net assets without donor restrictions

    beginning of year $59,116 · end of year $184,929

Mission and programs · 2024

Mission

BLUUM IS A NON-PROFIT ORGANIZATION COMMITTED TO ENSURING IDAHO'S CHILDREN REACH THEIR FULLEST POTENTIAL BY CULTIVATION GREAT LEADERS AND INNOVATIVE SCHOOLS. WE WORK TO HELP IDAHO BECOME A NATIONAL MODEL FOR HOW TO MAXIMIZE LEARNING OPPORTUNITIES FOR CHILDREN. BLUUM PLANS TO HELP CREATE 20,000 NEW, HIGH-PERFORMING SCHOOL SEATS IN IDAHO IN 10 YEARS.

Activities or mission (Part I)

ENSURE IDAHO'S CHILDREN REACH THEIR FULLEST POTENTIAL BY CULTIVATING GREAT LEADERS AND INNOVATIVE SCHOOLS. WE WORK TO HELP IDAHO BECOME A NATIONAL MODEL BY MAXIMIZING LEARNING OPPORTUNITIES FOR CHILDREN. ACTIVITIES: DEVELOP LEADERS, GROW SCHOOL MODELS, SHARE RESEARCH AND LEARNING.

  • BLUUM IS A BOISE-BASED NON-PROFIT ORGANIZATION COMMITTED TO ENSURING IDAHO'S CHILDREN REACH THEIR FULLEST POTENTIAL BY CULTIVATING GREAT LEADERS AND INNOVATIVE SCHOOLS. WE WORK TO HELP IDAHO BECOME A NATIONAL MODEL FOR HOW TO MAXIMIZE LEARNING OPPORTUNITIES FOR CHILDREN. IN PARTNERSHIP WITH THE J.A. AND KATHRYN ALBERTSON FAMILY FOUNDATION, THE U.S. DEPARTMENT OF EDUCATION, AND OTHER PRIVATE AND PUBLIC FUNDING SOURCES BLUUM SERVES AS A FUNDING INTERMEDIARY AND LOCAL CHAMPION FOR SUPPORTING ENTREPRENEURIAL EDUCATION VENTURES, ESPECIALLY PUBLIC CHARTER SCHOOLS.

    Expenses $4,415,943 · Grants $528,541

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Prehn

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Joe Bruno

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Marcia Aaron

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Joe Forney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Renita Thukral

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd Lindsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Terry Ryan

    CEO

    Total calculated
    $217,915
    From this org
    $217,915
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,915
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $217,915
  • Marc Carignan

    CFO

    Total calculated
    $212,342
    From this org
    $212,342
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,342
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $212,342
  • Max Koltuv

    EMPLOYEE

    Total calculated
    $152,503
    From this org
    $152,503
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,503
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $152,503
  • Keith Donahue

    EMPLOYEE

    Total calculated
    $146,738
    From this org
    $146,738
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jennifer Ribordy

    EMPLOYEE

    Total calculated
    $136,702
    From this org
    $136,702
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Michael Caldwell

    EMPLOYEE

    Total calculated
    $127,109
    From this org
    $127,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Kathryn French

    EMPLOYEE

    Total calculated
    $140,461
    From this org
    $140,461
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Conrad Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • PATHWAYS IN EDUCATION

    $380,857

  • FERN WATERS PUBLIC CHARTER SCHOOL

    $139,512

  • NORTH IDAHO CLASSICAL ACADEMY

    $8,172

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2025
IRS schema version
2024v5.0
Source object
202501419349301260

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