Blue Sky Support Services EIN 26-4299147 Form 990 (PDF) Claim this org

Blue Sky Support Services FY2022 filing

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Helps people with developmental disabilities gain job, life, and personal skills. For fiscal year 2022 it reported $663K in revenue, $648K in expenses, and $250K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Detroit Lakes, MN
Filings
5 on file (2020–2022)
Revenue
$663KFY2022
Expenses
$648K
Net assets
$250K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-4299147 Public charity (501(c)(3)) Detroit Lakes, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps people with developmental disabilities gain job, life, and personal skills.
Leadership
Steven Schmit · President
Money in and out
$663K revenue, $648K expenses
Bottom line
77% program efficiency
Where the money goes · FY2022
Total revenue
$663K
Pt VIII · Ln 12
Total expenses
$648K
Pt IX · Ln 25
Net assets
$250K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$663K
FY2022▲ +28%
Expenses
$648K
FY2022▲ +15%
Total assets
$284K
FY2022▲ +6%
Total liabilities
$34K
FY2022▼ -1%
Total revenue
$663K
Pt VIII · Ln 12
Total expenses
$648K
Pt IX · Ln 25
Net assets
$250K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$284K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $500K of program spending, described in the organization's own filed words · FY2022.
01

Assist developmentally disabled individuals in job skills, independent

$500Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlue Sky Support Services
EINHdr · item D26-4299147
Principal addressHdr · item CDetroit Lakes, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P82)
Ruling yearIRS BMFMay 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 2No

Officers, Directors & Key Employees

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

Part VIII
Program service revenue$609K · 92%
Other revenue$54K · 8%
Program service revenue92%$609K
Other revenue8%$54K
Total revenueLn 12$663K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$500K
Management & general23%$148K
Total functional expensesLn 25$648K

Balance Sheet

Part X · end of year
CashLn 1$255K
Total assetsLn 16$284K
Total liabilitiesLn 26$34K
Total net assetsLn 32$250K
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $255K · Operating expenses/yr $648K
4.7 months
Where the money goes
Program services
Program services $500K · Total expenses $648K
77%
Management & General
Management & general $148K · Total expenses $648K
23%
Fundraising
Fundraising $0 · Total expenses $648K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $663K
0%
Government reliance
Government grants — · Total revenue $663K
Earned-income share
Program service revenue $609K · Total revenue $663K
92%
Investment reliance
Investment income $0 · Total revenue $663K
0%
Program self-sufficiency
Program service revenue $609K · Total expenses $648K
94%
Growth & trend
Revenue growth (YoY)
This year $663K · Prior year $520K
+28%
Net-asset trend (YoY)
End of year $250K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $663K · Expenses $648K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $284K
Net-asset ratio
Net assets $250K · Total assets $284K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $284K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steven Schmit · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $648K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $648K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Revenue growth 28%

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
FY2024 (Latest)$746K revenue · ⤓ 990 PDF
FY2023$730K revenue · ⤓ 990 PDF
FY2022$663K revenue · viewing · ⤓ 990 PDF
FY2021$520K revenue · ⤓ 990 PDF
FY2020$367K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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