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Nonprofiteer
← BLUUM INC

Form 990 for tax year 2023

Filed by BLUUM INC.

Totals

Total revenue
$8,624,909
Total expenses
$8,629,323
Contributions and grants received
$8,349,399
Grants paid
$4,531,985
Program service revenue
$267,858
Investment income
$7,652
Other revenue
$0
Total assets, end of year
$5,654,047
Total liabilities, end of year
$5,594,931
Net assets or fund balances, end of year
$59,116
Program services expenses (Part IX)
$8,210,092
Management and general expenses
$419,231
Fundraising expenses
$0
Program service expenses (Part III)
$8,210,092

Program services were 95.1% 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)

    $4,860,972

  • 1f · All other contributions, gifts and grants

    $3,488,427

  • 2a · Program service revenue: BACK OFFICE SUPPORT

    total $267,858 · related or exempt $267,858

  • 3 · Investment income

    total $7,652 · related or exempt $7,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,531,985 · program services $4,531,985

  • 7 · Other salaries and wages

    total $1,727,863 · program services $1,592,361 · management and general $135,502

  • 9 · Other employee benefits

    total $317,973 · program services $254,466 · management and general $63,507

  • 11b · Fees: legal

    total $57,595 · program services $57,595

  • 11c · Fees: accounting

    total $10,900 · program services $5,995 · management and general $4,905

  • 12 · Advertising and promotion

    total $95,085 · program services $95,085

  • 16 · Occupancy

    total $97,888 · program services $48,944 · management and general $48,944

  • 17 · Travel

    total $139,152 · program services $139,152

  • 23 · Insurance

    total $30,283 · program services $22,712 · management and general $7,571

  • 24a · Other expenses: 20 IN 10

    total $379,306 · program services $379,306

  • 24b · Other expenses: CSP GRANT EXPENSES

    total $328,987 · program services $264,055 · management and general $64,932

  • 24c · Other expenses: FELLOWSHIPS

    total $319,234 · program services $319,234

  • 24d · Other expenses: RESEARCH

    total $303,227 · program services $303,227

  • 24e · All other expenses

    total $289,845 · program services $195,975 · management and general $93,870

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,208,018 · end of year $1,817,531

  • 2 · Savings and temporary cash investments

    end of year $3,531,880

  • 4 · Accounts receivable

    beginning of year $102,380 · end of year $67,955

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,632 · end of year $58,641

  • 15 · Other assets

    beginning of year $244,828 · end of year $178,040

  • 17 · Accounts payable and accrued expenses

    beginning of year $276,340 · end of year $102,342

  • 19 · Deferred revenue

    beginning of year $1,929,394 · end of year $1,718,396

  • 25 · Other liabilities

    beginning of year $318,594 · end of year $3,774,193

  • 27 · Net assets without donor restrictions

    beginning of year $63,530 · end of year $59,116

Mission and programs · 2023

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 $8,210,092 · Grants $4,531,985

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Toby 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
    $210,597
    From this org
    $210,597
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,597
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $210,597

  • Marc Carignan

    CFO

    Total calculated
    $204,039
    From this org
    $204,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,039
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $204,039

  • Max Koltuv

    EMPLOYEE

    Total calculated
    $153,836
    From this org
    $153,836
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,836
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $153,836

  • Keith Donahue

    EMPLOYEE

    Total calculated
    $141,277
    From this org
    $141,277
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Ribordy

    EMPLOYEE

    Total calculated
    $130,202
    From this org
    $130,202
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • IDAHO NOVUS CLASSICAL ACADEMY

    $837,500

  • THE ACADEMY INC (ABN CONNOR ACADE

    $800,000

  • ELEVATE ACADEMY - IDAHO FALLS

    $692,749

  • GEM PREP TWIN FALLS

    $574,203

  • ANSER CHARTER SCHOOL

    $484,973

  • PINECREST ACADEMY OF LEWISTON

    $282,691

  • IDAHO YOUTH RANCH - PROMISE ACADEMY

    $254,678

  • ELEVATE ACADEMY NORTH

    $232,561

  • GEM PREP MERIDIAN SOUTH LLC

    $142,299

  • MOUNTAIN COMMUNITY SCHOOL

    $82,521

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202431359349303838

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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