Continuous Blessings Foundation EIN 26-1864950 Form 990 (PDF) Claim this org

Continuous Blessings Foundation

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Provides opportunities for underprivileged children in NC to play competitive amateur sports, improving their lives and health. For fiscal year 2023 it reported $37K in revenue, $42K in expenses, and $45K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Raleigh, NC
Website
continuousblessings.org
Filings
4 on file (2020–2023)
Revenue
$37KFY2023
Expenses
$42K
Net assets
$45K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  26-1864950 Public charity (501(c)(3)) Raleigh, NC
Form 990 (PDF)
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Size
<$100K
What they do
Provides opportunities for underprivileged children in NC to play competitive amateur sports, improving their lives and health.
Leadership
Player Barefoot · Director
Money in and out
$37K revenue, $42K expenses
Bottom line
94% program efficiency
Where the money goes · FY2023
Total revenue
$37K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$45K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
12.9mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▲ +71% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$37K
FY2023▲ +42%
Expenses
$42K
FY2023▲ +12%
Total assets
$45K
FY2023▼ -9%
Total liabilities
$0
FY2023
Total revenue
$37K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$45K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$45K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2023.
01

The continuous blessings foundation sponsored the friends of thewake county guardian ad litem program which supports the childvictims of abuse and neglect by providing enrichment opportunityfunds and needed items for impoverished children including ones infoster care, out-of-home kinship placements, families working hardto break the…

Pt IX · col B
02

The continuous blessings foundation sponsored the fellowship ofchristian athletes program which allows underprivileged childrenthe opportunity to participate in amateur athletic competition.

Pt IX · col B
03

The continuous blessings foundation sponsored the zebulon boys and girls club program which allows underprivileged children the opportunity to participate in amateur athletic competition.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CContinuous Blessings Foundation
EINHdr · item D26-1864950
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jcontinuousblessings.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O12)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$25K · 67%
Other revenue$12K · 32%
Contributions & grants67%$25K
Other revenue32%$12K
Investment income$144
Total revenueLn 12$37K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$40K
Management & general6%$2K
Total functional expensesLn 25$42K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$45K
Total liabilitiesLn 26$0
Total net assetsLn 32$45K
Months of cash on handcomputed9.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $45K · Operating expenses/yr $42K
12.9 months
Where the money goes
Program services
Program services $40K · Total expenses $42K
94%
Management & General
Management & general $2K · Total expenses $42K
6%
Fundraising
Fundraising $0 · Total expenses $42K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $37K
67%
Government reliance
Government grants — · Total revenue $37K
Earned-income share
Program service revenue $0 · Total revenue $37K
0%
Investment reliance
Investment income $144 · Total revenue $37K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $42K
0%
Growth & trend
Revenue growth (YoY)
This year $37K · Prior year $26K
+42%
Net-asset trend (YoY)
End of year $45K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $37K · Expenses $42K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $45K
Net-asset ratio
Net assets $45K · Total assets $45K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $45K
23%
People & payroll
Highest Reported Total Compensation
Individual Player Barefoot · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $42K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $42K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 42%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$6K
Grants paid · 6 grants · $42K · 2020–2023
Zebulon Boys and Girls ClubFY2021$10,000
Zebulon Boys and Girls ClubFY2020$2,500
Friends of Wake County Guardian Ad LitemFY2020$2,500

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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
FY2023 (Latest)$37K revenue · viewing · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$77K revenue · ⤓ 990 PDF
FY2020$11K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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