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Nonprofiteer
← BLUE CAP FOUNDATION INC

Form 990 for tax year 2023

Filed by BLUE CAP FOUNDATION INC.

Totals

Total revenue
$105,512
Total expenses
$102,784
Contributions and grants received
$45,633
Grants paid
$81,365
Program service revenue
$0
Investment income
$49,779
Other revenue
$10,100
Total assets, end of year
$1,463,203
Total liabilities, end of year
$1,240
Net assets or fund balances, end of year
$1,461,963
Program services expenses (Part IX)
$81,365
Management and general expenses
$21,419
Fundraising expenses
$0
Program service expenses (Part III)
$81,365

Program services were 79.2% 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.

  • 1c · Fundraising events

    $43,020

  • 1f · All other contributions, gifts and grants

    $2,613

  • 3 · Investment income

    total $39,330 · excluded $39,330

  • 7a · Gross sales of assets other than inventory

    securities $45,000

  • 7b · Less cost or other basis and sales expenses

    securities $34,551

  • 7c · Gain or loss

    securities $10,449

  • 7d · Net gain or loss

    total $10,449 · excluded $10,449

  • 8a · Fundraising events: gross income

    $33,478

  • 8a · Fundraising events: contributions included on line 1c

    $43,020

  • 8b · Fundraising events: direct expenses

    $23,378

  • 8c · Net income from fundraising events

    total $10,100 · excluded $10,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $81,365 · program services $81,365

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $9,589 · management and general $9,589

  • 24e · All other expenses

    total $1,830 · management and general $1,830

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,900 · end of year $43,543

  • 4 · Accounts receivable

    beginning of year $10,805 · end of year $18,661

  • 11 · Investments: publicly traded securities

    beginning of year $1,307,298 · end of year $1,400,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $279 · end of year $1,240

  • 27 · Net assets without donor restrictions

    beginning of year $1,360,724 · end of year $1,461,963

Mission and programs · 2023

Mission

PROMOTE BLUE ISLAND CITIZENS FOR PERSONS WITH INTELLECTUAL DISABILITIES (BLUE CAP) MISSION AND ASSIST IN SECURING PRIVATE FUNDING FOR BLUE CAP'S PROGRAMS THAT BENEFIT CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.

  • PROVIDE DONATIONS TO BLUE CAP TO HELP SUPPORT THEIR MISSION.

    Expenses $81,365 · Grants $81,365

As filed on the 2023 return.

Listed in Part VII

  • Arthur Mike Connor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Jeffrey Deyoung

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bill Gecsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheryl Germany

    VICE -PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dan Krause

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Valente

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Pettiford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pat Thies

    EXECUTIVE DIRECTOR

    Total calculated
    $121,076
    From this org
    $0
    From related orgs
    $121,076
    Other
    $0
    Hours/week
    2 + 40 related

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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202540359349301659

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