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

Continuous Blessings Foundation FY2021 filing

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Provides opportunities for underprivileged children in NC to play competitive amateur sports, improving their lives and health. For fiscal year 2021 it reported $77K in revenue, $37K in expenses, and $60K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Raleigh, NC
Website
continuousblessings.org
Filings
4 on file (2020–2021)
Revenue
$77KFY2021
Expenses
$37K
Net assets
$60K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  26-1864950 Public charity (501(c)(3)) Raleigh, NC
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →
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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
$77K revenue, $37K expenses
Bottom line
96% program efficiency
Where the money goes · FY2021
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$60K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
19.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+51%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$77K
FY2021▲ +623%
Expenses
$37K
FY2021▲ +133%
Total assets
$60K
FY2021▲ +192%
Total liabilities
$0
FY2021
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$60K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$60K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

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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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2021.
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 theopportunity to participate in amateur athletic competition.

Pt IX · col B

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Statement of Revenue

Part VIII
Other revenue$63K · 82%
Contributions & grants$13K · 17%
Investment income$1K · 1%
Other revenue82%$63K
Contributions & grants17%$13K
Investment income1%$1K
Total revenueLn 12$77K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$36K
Management & general4%$1K
Total functional expensesLn 25$37K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$60K
Total liabilitiesLn 26$0
Total net assetsLn 32$60K
Months of cash on handcomputed16.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $37K
19.3 months
Where the money goes
Program services
Program services $36K · Total expenses $37K
96%
Management & General
Management & general $1K · Total expenses $37K
4%
Fundraising
Fundraising $0 · Total expenses $37K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $13K · Total revenue $77K
17%
Government reliance
Government grants — · Total revenue $77K
Earned-income share
Program service revenue $0 · Total revenue $77K
0%
Investment reliance
Investment income $1K · Total revenue $77K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $37K
0%
Growth & trend
Revenue growth (YoY)
This year $77K · Prior year $11K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $60K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $77K · Expenses $37K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $60K
Net-asset ratio
Net assets $60K · Total assets $60K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $60K
17%
People & payroll
Highest Reported Total Compensation
Individual Player Barefoot · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $37K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $37K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 623%

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 · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$77K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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