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Nonprofiteer
← BBFG FOUNDATION INC

Form 990 for tax year 2022

Filed by BBFG FOUNDATION INC.

Totals

Total revenue
$579,204
Total expenses
$523,534
Contributions and grants received
$579,204
Grants paid
$20,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$86,398
Total liabilities, end of year
$30,728
Net assets or fund balances, end of year
$55,670
Program services expenses (Part IX)
$433,157
Management and general expenses
$90,377
Fundraising expenses
$0
Program service expenses (Part III)
$433,157

Program services were 82.7% 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.

  • 1f · All other contributions, gifts and grants

    $579,204

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 7 · Other salaries and wages

    total $6,250 · management and general $6,250

  • 11g · Fees: other

    total $449,247 · program services $400,875 · management and general $48,372

  • 12 · Advertising and promotion

    total $250 · management and general $250

  • 23 · Insurance

    total $35,445 · management and general $35,445

  • 24a · Other expenses: EVENT EXPENSES

    total $12,282 · program services $12,282

  • 24b · Other expenses: SERVICE FEES

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $78,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $7,926

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $30,728

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $55,670

Mission and programs · 2022

Mission

HELPING TO SUPPORT UCONN STUDENT ATHLETES BY PROVIDING INCOME EARNING OPPORTUNITIES THAT ASSIST CHARITABLE CAUSES, INCLUDING INTERACTIONS WITH YOUTHS FROM LOW-INCOME FAMILIES IN THE STATE OF CONNECTICUT FOR WHOM THE STUDENT ATHLETES SERVE AS ROLE MODELS.

Activities or mission (Part I)

PROVIDE UCONN STUDENT ATHLETES' SERVICES & MAKE FINANCIAL DONATIONS TO YOUTH CHARITIES IN CT.

  • BLEEDING BLUE FOR GOOD FUND (BBGF) WILL PROVIDE TAX-EXEMPT CHARITABLE ORGANIZATIONS WITH GRANTS AND STUDENT ATHLETE IN-KIND CONTRIBUTIONS OF SPORTS AND PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND PUBLIC RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES, BETTER SERVE THEIR CONSTITUENTS, AND BETTER ACHIEVE THEIR EXEMPT PURPOSES. BY DEPLOYING INTERCOLLEGIATE ATHLETES AND THE NAMES, IMAGES, AND LIKENESSES OF INTERCOLLEGIATE ATHLETES, BBGF'S SERVICES WILL INCREASE THE CONSTITUENT ORGANIZATIONS' VISIBILITY AND REACH IN THEIR COMMUNITIES AS WELL AS PROVIDE UNIQUE ATHLETIC AND PHYSICAL EDUCATION TO BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, (SEE SCHEDULE O) RAISE AWARENESS OF THE NEED OF BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, ATTRACT DONORS AND VOLUNTEERS TO CONSTITUENT ORGANIZATIONS, AND ENHANCE THE CONSTITUENT ORGANIZATIONS' RELATIONSHIPS AMONG SERVED POPULATIONS. EXAMPLES OF BBGF'S SERVICES USING THE NAME, IMAGE, SPEAKING, AND LIKENESS OF INTERCOLLEGIATE ATHLETES AND INTERCOLLEGIATE ATHLETES THEMSELVES INCLUDE, BUT ARE NOT LIMITED TO, HOLDING ATHLETIC SKILL CAMPS AND PHYSICAL EDUCATION EVENTS, CONDUCTING CHARITABLE ACTIVITIES AND EVENTS, AND PROVIDING THE SERVICES OF INTERCOLLEGIATE ATHLETES AS ORGANIZATIONAL SPOKESPERSONS, MOTIVATIONAL SPEAKERS, GROUP SPEAKERS, AND ADVISORS ON RELATIONSHIPS WITH AND NEEDS OF SERVED POPULATIONS.

    Expenses $433,157 · Grants $20,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kalana Greene

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Greenblatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Cantor

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John P Malfettone

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rasool Ahmed

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349310971

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