Bloomfield Educational Foundation Incorporated FY2021 filing

Tax-deductible

Bloomfield, NJ501(c)(3)EducationEIN 22-3621312Revenue $132K in FY2021

On file with the IRSbloomfieldeducationalfoundation.orgPo Box 1358, 07003-1358 · Bloomfield, NJTax-exempt since Dec 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Provide support for Bloomfield, NJ public schools and college scholarships.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $64K a year · 33% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$132K
+6% vs prior year
Spent
$102K
To programs
73%
Net assets
$772K
By yearFY2020–FY2025
Revenue
$132K
FY2021▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$125K
FY2021$132K
FY2022$138K
FY2023$160K
FY2024$351K
FY2025$278K
Expenses
$102K
FY2021▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$102K
FY2022$104K
FY2023$116K
FY2024$174K
FY2025$163K
Net assets
$772K
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$703K
FY2021$772K
FY2022$693K
FY2023$753K
FY2024$981K
FY2025$1.1M

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $75K Management & general 17% · $17K Fundraising 10% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$19,800Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ann Dassing’s $33K as Executive Di is at the 25th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Ann Dassing$32,760$25,100$21,600$19,800$23,990

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bloomfield Educational Foundation Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Bloomfield, NJ public schools and provides college scholarships.

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Provided by the organization

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2 programs · $75K · in their own filed words · FY2020
01

College scholarships

$68Kprogram expense
02

Grants to public schools

$7Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$10K
Grants paid · 9 grants · $385K · 2019–2024
Unitemized GrantFY2024$70,000
Unitemized GrantFY2023$67,000
Bloomfield Public SchoolsFY2023$28,132
Unitemized GrantFY2022$47,500
Unitemized GrantFY2021$39,500
Unitemized GrantFY2020$51,000
Unitemized GrantFY2019$48,750
Bloomfield Public SchoolsFY2019$28,413
Unitemized GrantFY2019$4,320

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$132K
Ln 12
Gifts and grantsLn 1h$82K
Other incomeLn 4–11$32K
Investment incomeLn 3$19K
Money outPt IX
$102K
Ln 25
Programscol B$75K
Managementcol C$17K
Fundraisingcol D$10K
Owns and owesPt X
$772K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$809K
LiabilitiesLn 26$37K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Investment incomeLn 3$19K
Other incomeLn 4–11$32K
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$781K
Total assetsLn 16$809K
LiabilitiesLn 26$37K
Net assetsLn 32$772K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$44K$28K
InvestmentsLn 11–13$721K$781K
Total assetsLn 16$765K$809K
LiabilitiesLn 26$62K$37K
Net assetsLn 32$703K$772K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$51K$51K
Management feesLn 11a$20K$6K$6K$8K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$11K$7K$4K
Advertising and promotionLn 12$5K$3K$2K
Office expensesLn 13$3K$1K$504$2K
RoyaltiesLn 15$480$480
InsuranceLn 23$916$916
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$102K$75K$17K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $278K$163K$116K$1.1M 990 PDF
FY2024 $351K$174K$177K$981K 990 PDF
FY2023 $160K$116K$44K$753K 990 PDF
FY2022 $138K$104K$34K$693K 990 PDF
FY2021 Viewing $132K$102K$30K$772K 990 PDF
FY2020 $125K$138K−$13K$703K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $132,167 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,082$81,572
I-9 Program service revenue$0
I-10 Investment incomePrior year $21,155$18,801
I-11 Other revenuePrior year $20,507$31,794
I-12 Total revenuePrior year $124,744$132,167
I-13 Grants and similar amounts paidPrior year $82,753$55,232
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,924$47,109
I-18 Total expensesPrior year $137,677$102,341
I-19 Revenue less expensesPrior year −$12,933$29,826
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $132,167 across 5 lines filed
Lines not itemized here account for $12,900 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$81,572
VIII-1h Total contributions, gifts and grants$81,572
VIII-3 Investment incomeRelated to mission $18,801$18,801
VIII-8 Net income from fundraising events$18,894
VIII-12 Total revenueRelated to mission $31,701$132,167
Part IX · Statement of functional expenses $102,341 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $4,232$4,232
IX-2 Grants to domestic individualsPrograms $51,000$51,000
IX-11a Management feesPrograms $5,940 · Management $5,940 · Fundraising $7,920$19,800
IX-11c Accounting feesManagement $4,500$4,500
IX-11f Investment management feesPrograms $7,011 · Management $3,505$10,516
IX-12 Advertising and promotionPrograms $2,867 · Management $1,911$4,778
IX-13 Office expensesPrograms $1,110 · Management $504 · Fundraising $1,769$3,383
IX-15 RoyaltiesFundraising $480$480
IX-23 InsuranceManagement $916$916
IX-24 Other expenses (24a–d)Programs $2,736$2,736
IX-25 Total functional expensesPrograms $74,896 · Management $17,276 · Fundraising $10,169$102,341
Part X · Balance sheet $808,795 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $33,681$17,627
X-2 Savings and temporary cash investmentsStart of year $10,317$10,322
X-11 Publicly traded securitiesStart of year $721,419$780,846
X-16 Total assetsStart of year $765,417$808,795
X-18 Grants payableStart of year $61,965$36,752
X-26 Total liabilitiesStart of year $61,965$36,752
X-27 Net assets without donor restrictionsStart of year −$26,768$116,814
X-28 Net assets with donor restrictionsStart of year $730,220$655,229
X-32 Total net assets or fund balancesStart of year $703,452$772,043
X-33 Total liabilities and net assetsStart of year $765,417$808,795
Part XI · Reconciliation of net assets $772,043 net assets at year end
XI-1 Total revenue$132,167
XI-2 Total expenses$102,341
XI-3 Revenue less expenses$29,826
XI-4 Net assets at start of year$703,452
XI-5 Net unrealized gains (losses) on investments$31,672
XI-8 Prior period adjustments$7,093
XI-10 Net assets at end of year$772,043

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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