BLUE FOUNDRY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BLUE FOUNDRY CHARITABLE FOUNDATION INC (EIN 87-1693864)
- Tax period
- 2021-06-30 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202223199349107007
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Decreases Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T14:58:48-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-06-30 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 871693864 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUE FOUNDRY CHARITABLE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BLUE | BusinessNameControlTxt |
| Phone | 2022742027 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 PARK AVENUE | AddressLine1Txt |
| City | RUTHERFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07070 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES NESCI | PersonNm |
| Person Title | VICE PRESIDENT | PersonTitleTxt |
| Phone | 2022742027 | PhoneNum |
| Signature | 2022-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JAMES | PersonFirstNm |
| Person Last | NESCI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALYCIA SOLECKI | PreparerPersonNm |
| PTIN | P01272637 | PTIN |
| Phone | 2155614200 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,334,810 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $9,000,000 | ContriRcvdRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $9,000,000 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,302 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $2,302 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $17,888 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $17,888 | OtherProfFeesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $20,190 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $20,190 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $107,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $107,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $127,690 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $127,690 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $8,872,310 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $1,362,310 | CashEOYAmt |
| Cash EOYFMV | $1,362,310 | CashEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,972,500 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $10,972,500 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,334,810 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,334,810 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $0 | RetainedEarningBOYAmt |
| Retained Earning EOY | $12,334,810 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $12,334,810 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $12,334,810 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $8,872,310 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,472,500 | OtherIncreasesAmt |
| Subtotal | $12,344,810 | SubtotalAmt |
| Other Decreases | $10,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $12,334,810 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.BLUEFOUNDRYCHARITABLEFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | JAMES NESCI VICE PRESIDENT | IndividualWithBooksNm |
| Phone | 2019395000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 PARK AVENUE | AddressLine1Txt |
| City | RUTHERFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07070 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PATRICE PICARD | ||||||||
| 19 PARK AVE | RUTHERFORD | NJ | 07070 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| JAMES NESCI | ||||||||
| 19 PARK AVE | RUTHERFORD | NJ | 07070 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| KENNETH GRIMBILAS | ||||||||
| 19 PARK AVE | RUTHERFORD | NJ | 07070 | VICE PRESIDENT AND TREASURER | 1.00 | $0 | $0 | $0 |
| J CHRISTOPHER ELY | ||||||||
| 19 PARK AVE | RUTHERFORD | NJ | 07070 | SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,451,875 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,363,317 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $10,815,192 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $10,815,192 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $162,228 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $10,652,964 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $269,967 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $269,967 | MinimumInvestmentReturnAmt |
| Total Tax | $0 | TotalTaxAmt |
| Distributable Before Adj | $269,967 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $269,967 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $269,967 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $127,690 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $127,690 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $269,967 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $127,690 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $127,690 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $142,277 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | KELLY PECORARO | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 PARK AVENUE | AddressLine1Txt |
| City | RUTHERFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07070 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2022742027 | RecipientPhoneNum |
| Recipient Email Address | INFO@BLUEFOUNDRYCHARITABLEFOUNDATION.ORG | RecipientEmailAddressTxt |
| Form And Info And Materials | GRANT APPLICATIONS CAN BE SUBMITTED: WWW.BLUEFOUNDRYCHARITABLEFOUNDATION.ORG/GRANT/ THE APPLICANT FOR A FOUNDATION GRANT WILL BE ASKED TO SUBMIT A WRITTEN REQUEST DESCRIBING THE INITIATIVE SEEKING SUPPORT. THE FOUNDATION MAY REQUEST SUBMISSION OF ONE OR MORE OF THE FOLLOWING FROM A GRANT APPLICANT: MISSION: 1. A STATEMENT OF PURPOSE AND GOALS FOR THE GRANT 2. TARGET AREA WITHIN THE ORGANIZATION/COMMUNITY THE GRANT WILL ADDRESS ORGANIZATION: 1. EVIDENCE OF 501(C) (3) PUBLIC CHARIY STATUS 2. A LIST OF THE ORGANIZATION'S OFFICERS AND BOARD OF DIRECTORS 3. ANY BANK EMPLOYEE, DIRECTOR OR ADVISORY DIRECTOR KNOWLEDGEABLE ABOUT THE PROJECT OR INITIATIVE 4. RECENT PUBLIC RELATIONS MATERIALS AND OTHER RELEVANT INFORMATION FINANCIALS: 1. ANNUAL REPORT (IF APPLICABLE) AND OTHER FINANCIAL STATEMENTS 2. SOURCES OF FUNDING (INCLUDING OTHER CONTRIBUTIONS) 3. ORGANIZATION'S TOTAL BUDGET | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NO DEADLINE | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS ARE TO GIVEN TO 501 C 3 ORGANIZATIONS THAT MEET ONE OF THE FOUR PILLARS SUPPORTED BY BFCF AND THAT OPERATE OR COVER THE COMMUNITIES SERVED BY BLUE FOUNDRY BANK. THE FOUR PILLARS ARE: EDUCATION; HEALTH AND HUMAN SERVICES; YOUTH PROGRAMS; OR AFFORDABLE HOUSING. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CENTER FOR FOOD ACTION | |||||||
| 192 W DEMAREST AVE | ENGLEWOOD | NJ | 07631 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| FAMILY PROMISE OF BERGEN COUNTY | |||||||
| 100 DAYTON ST | RIDGEWOOD | NJ | 07450 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| FAMILY PROMISE OF HUDSON COUNTY | |||||||
| 39 ERIE ST | JERSEY CITY | NJ | 07302 | NONE | PC | TO DELIVER LIFE SAVING SERVICES; PREVENTION, SHELTER, AND STABILAZATION OF FAMILIES IN NEED. | $5,000 |
| FAMILY PROMISE OF MORRIS COUNTY | |||||||
| PO BOX 1494 | MORRISTOWN | NJ | 07962 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| FRIENDS OF THE GLEN RIDGE LIBRARY | |||||||
| PO BOX 8115 | GLEN RIDGE | NJ | 07028 | NONE | PC | SUPPORT AND ENRICH THE LIBRARY AND COMMUNITY. | $5,000 |
| GLEN RIDGE EDUCATIONAL FOUNDATION | |||||||
| PO BOX 8063 | GLEN RIDGE | NJ | 07028 | NONE | PC | ENHANCES EDUCATIONAL OPPORTUNITIES BY IDENTIFYING, INCUBATING AND FUNDING INNOVATIVE TEACHING AND LEARNING PROGRAMS THAT THE SCHOOL BUDGET DOES NOT HAVE THE LEEWAY TO ADDRESS. OVER THE LAST 25 YEARS, THE GLEN RIDGE EDUCATIONAL FOUNDATION HAS GRANTED MORE THAN $2M TO PROJECTS AND PROGRAMS IN THE GLEN RIDGE PUBLIC SCHOOLS. | $5,000 |
| HELPING HAND FOOD PANTRY | |||||||
| 349 HILLSDALE AVE | HILLSDALE | NJ | 07642 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| HUMAN NEEDS FOOD PANTRY INC | |||||||
| 9 LABEL ST | MONTCLAIR | NJ | 07042 | NONE | PC | SUPPORT MONTCLAIR & NEIGHBORING COMMUNITIES BY PROVIDING FOOD, CLOTHING, ETC. | $5,000 |
| JERSEY BATTERED WOMEN'S SERVICE | |||||||
| PO BOX 1437 | MORRISTOWN | NJ | 07962 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $2,500 |
| KEARNY COMMUNITY FOOD PANTRY | |||||||
| 380 KEARNY AVE | KEARNY | NJ | 07032 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| MONTVILLE KIWANIS FOUNDATION NJ NP CORP | |||||||
| PO BOX 808 | MONTVILLE | NJ | 07045 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| NUTLEY FAMILY SERVICE BUREAU INC | |||||||
| 155 CHESTNUT ST | NUTLEY | NJ | 07110 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| PARSIPPANY EMERGENCE FOOD PANTRY | |||||||
| 1130 KNOLL ROAD | LAKE HIAWATHA | NJ | 07034 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| PEQUANNOCK TOWNSHIP FOOD PANTRY AT THE FIRST REFORMED DUTCH CHURCH OF POMPT | |||||||
| 529 NEWARK POMPTON TPKE | POMPTON | NJ | 07444 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| RUTHERFORD COMMUNITY PANTRY INC | |||||||
| 176 PARK AVE | RUTHERFORD | NJ | 07070 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| SOCIAL SERVICES ASSOCIATION OF RIDGEWOOD & VICINITY | |||||||
| 6 STATION PLAZA | RIDGEWOOD | NJ | 07450 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| TABLE TO TABLE | |||||||
| 611 ROUTE 46 W STE 240 | HASBROUCK HEIGHTS | NJ | 07604 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| THE SHARING PLACE INC | |||||||
| 440 HOBOKEN AVE | JERSEY CITY | NJ | 07306 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| TONIS KITCHEN AT ST LUKE'S CHURCH | |||||||
| 73 S FULLERTON AVE | MONTCLAIR | NJ | 07042 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| TRIBORO FOOD PANTRY | |||||||
| 65 PASCACK RD | PARK RIDGE | NJ | 07656 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| UNITED WAY OF HUDSON COUNTY | |||||||
| 857 BERGEN AVE | JERSEY CITY | NJ | 07306 | NONE | PC | FIGHT HUNGER IN LOCAL COMMUNITY | $5,000 |
| YORK STREET PROJECT | |||||||
| 89 YORK ST | JERSEY CITY | NJ | 07302 | NONE | PC | THE YORK STREET PROJECT IS A NON-PROFIT ORGANIZATION BASED IN JERSEY CITY. THEY OFFER INNOVATIVE PROGRAMS WHICH PROVIDE AN ENVIRONMENT TO SHELTER, FEED, EDUCATE AND PROMOTE THE HEALING OF PERSONS IN NEED, ESPECIALLY WOMEN, CHILDREN AND THEIR FAMILIES. | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $107,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $0 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $0 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| BLUE FOUNDRY BANCORP | |||||||
| 1 | 19 PARK AVE | RUTHERFORD | NJ | 07070 | $1,500,000 | Yes (X) | |
| BLUE FOUNDRY BANCORP | |||||||
| 2 | 19 PARK AVE | RUTHERFORD | NJ | 07070 | $7,500,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | 750,000 COMMON STOCK SHARES AT $10 | NoncashPropertyDesc |
| Fair Market Value | $7,500,000 | FairMarketValueAmt |
| Received | 2021-07-01 | ReceivedDt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | BLUE FOUNDRY BANCORP | StockNm |
| EOY Book Value | $10,972,500 | EOYBookValueAmt |
| EOYFMV | $10,972,500 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LUSE GORMAN PC | CategoryTxt |
| Legal Fees | $2,302 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,302 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNCASHED CHECKS | Desc |
| Amt | $10,000 | Amt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/(LOSS) | Desc |
| Amt | $3,472,500 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MARKETING | CategoryTxt |
| Amt | $17,888 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $17,888 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUE FOUNDRY BANCORP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19 PARK AVE | AddressLine1Txt |
| City | RUTHERFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07070 | ZIPCd |