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Blue Dolphin Foundation EIN 06-1512625 Form 990 (PDF) Claim this org

Blue Dolphin Foundation

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A private foundation based in Marlboro, NJ. It reported about $300K in revenue for 2024. For fiscal year 2025 it reported $300K in revenue, $275K in expenses, and $212K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Marlboro, NJ
Filings
6 on file (2020–2025)
Revenue
$300KFY2025
Expenses
$275K
Net assets
$212K
People
2
Filings
6
Updates
0
More identity details & actions ⌄
EIN  06-1512625 Private foundation / grantmaker Marlboro, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Marlboro, NJ. It reported about $300K in revenue for 2024.
Leadership
Mindy Grafstein · Trustee
Money in and out
$300K revenue, $275K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Total assets
212K
deployed as grants and operations
Grants paid
275K
in FY2025
Grants made
24grants
total in period
Payout rate
130%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 24 grants · $275K · 2024–2024
Chabad of MonroeFY2024$250,000
Marlboro Jewish CenterFY2024$13,297
Jewish Family and Children ServicesFY2024$1,800
The Reich AcadamyFY2024$1,800
BbyoFY2024$1,800
Joan Dancy and P A L S INCNJ · FY2024$1,800
West Side SynagagueFY2024$720
University of MiamiFL · FY2024$500
Friends of Isreal Defense FundFY2024$500
Jewish National Fund -Keren Kayemeth Leisrael- INCNY · FY2024$500
Pef Isreal Endowment FundFY2024$500
Pasadena TempleFY2024$371
FareFY2024$318
Birthright Israel FoundationNY · FY2024$250
Washington University HillelFY2024$180
Washington University ChabadFY2024$180
Sea Bright Fire DeptFY2024$100
Sea Bright First AideFY2024$100
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$11K
Median grantPart XV$371
Largest grantPart XV$250K
Top cause focusNTEEInternational (8%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$300K
FY2025▲ +758%
Expenses
$275K
FY2025▲ ×19
Total assets
$212K
FY2025▲ +25%
Total liabilities
$0
FY2025
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Total assetsPt II$212K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlue Dolphin Foundation
EINHdr · item D06-1512625
Principal addressHdr · item CMarlboro, NJ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T90Z)
Ruling yearIRS BMFMay 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
See Blue Dolphin Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$299K
Investment income$991
Total revenueLn 12$300K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00
Grants & contributions paid100%$275K
Total functional expensesLn 25$275K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$212K
Total liabilitiesLn 26$0
Total net assetsLn 32$212K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $212K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $300K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $300K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $300K · Prior year $-46K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $212K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $300K · Expenses $275K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $212K
—
Net-asset ratio
Net assets $212K · Total assets $212K
100%
People & payroll
Highest Reported Total Compensation
Individual Mindy Grafstein · Reported title Trustee · Highest reported compensation $0 · Total expenses $275K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 758%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$300K revenue · viewing · ⤓ 990 PDF
FY2024$-46K revenue · ⤓ 990 PDF
FY2023$49K revenue · ⤓ 990 PDF
FY2022$274K revenue · ⤓ 990 PDF
FY2021$29 revenue · ⤓ 990 PDF
FY2020$850 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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