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Nonprofiteer
← BLUE BIRD FOUNDATION

Form 990 for tax year 2023

Filed by BLUE BIRD FOUNDATION.

Totals

Total revenue
$777,518
Total expenses
$905,675
Contributions and grants received
$0
Grants paid
$800,000
Program service revenue
$0
Investment income
$777,518
Other revenue
$0
Total assets, end of year
$23,082,244
Total liabilities, end of year
$10,485,392
Net assets or fund balances, end of year
$12,596,852
Program services expenses (Part IX)
$800,000
Management and general expenses
$105,675
Fundraising expenses
$0
Program service expenses (Part III)
$800,000

Program services were 88.3% 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.

  • 3 · Investment income

    total $524,838 · excluded $524,838

  • 7a · Gross sales of assets other than inventory

    securities $5,324,002

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

    securities $5,071,322

  • 7c · Gain or loss

    securities $252,680

  • 7d · Net gain or loss

    total $252,680 · excluded $252,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $800,000 · program services $800,000

  • 11b · Fees: legal

    total $573 · management and general $573

  • 11c · Fees: accounting

    total $3,056 · management and general $3,056

  • 11f · Fees: investment management

    total $97,069 · management and general $97,069

  • 13 · Office expenses

    total $2,290 · management and general $2,290

  • 23 · Insurance

    total $2,687 · management and general $2,687

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $16,926,680 · end of year $19,055,986

  • 12 · Investments: other securities

    beginning of year $3,869,738 · end of year $4,026,258

  • 18 · Grants payable

    beginning of year $9,100,000 · end of year $8,080,421

  • 25 · Other liabilities

    beginning of year $945,051 · end of year $2,404,971

  • 27 · Net assets without donor restrictions

    beginning of year $10,751,367 · end of year $12,596,852

Mission and programs · 2023

Mission

Blue Bird Foundation holds endowment assets and provides financial support for the programs of The Blue Bird Circle.

Activities or mission (Part I)

To hold endowment assets for and provide financial support for the programs of The Blue Bird Circle.

  • The Blue Bird Foundation's purpose is to hold board-designated endowment funds to provide long-term financial support for the programs of the Blue Bird Circle. The Foundation's Board of Directors approves distributions to the Circle based on the funding needs of the Circle.

    Expenses $800,000 · Grants $800,000

As filed on the 2023 return.

Listed in Part VII

  • Gayle Runshang

    President

    Total calculated
    $0
    Hours/week
    5
  • Robert Vestewig

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Amy Nelson

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Karen Gibbons

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • J Christian Baker III

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sally Barber

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 26 related
  • Gail Branca

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 10 related
  • Mary Gannon

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Trish Greaser

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 29 related
  • Annette Griffith

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 12 related
  • Craig Klaasmeyer

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Deb Korkmas

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 25 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
11 April 2025
IRS schema version
2023v6.0
Source object
202541019349300924

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