Blue Heron Foundation FY2022 filing

Tax-deductible

Beverly Hills, CA501(c)(3)Foundations & GrantmakersEIN 41-2054373Revenue $578K in FY2022

On file with the IRSblueheronfoundation.org269 S Beverly Drive 435, 90212-3851 · Beverly Hills, CATax-exempt since Nov 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's efforts have been focused on the educational scholarship and personal transformation program for romanian and moldovan orphans.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $22K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $37K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$433
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$578K
+141% vs prior year
Spent
$652K
To programs
97%
Net assets
$159K
By yearFY2020–FY2024
Revenue
$578K
FY2022▲ +141%
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$239K
FY2022$578K
FY2023$288K
FY2024$254K
Expenses
$652K
FY2022▲ +183%
Tap a bar for its year
Expenses by fiscal year
FY2020$174K
FY2021$230K
FY2022$652K
FY2023$438K
FY2024$224K
Net assets
$159K
FY2022▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$224K
FY2021$234K
FY2022$159K
FY2023$9K
FY2024$39K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2002.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $631K Management & general 2% · $13K Fundraising 1% · $7K

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

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

Part VII, Section A · reportable compensation
Treasurer
$12,725Pt VII · Sec A
$0Pt VII · Sec A
V.p. of Communications
$0Pt VII · Sec A
$0Pt VII · Sec A

Anne Kurashige’s $3K as Director of Communications is at the 3rd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Katty Bermejo—$6,975$12,725$9,175$8,325
Anne Kurashige$2,637$3,418———

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.

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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

Provides educational scholarships and personal transformation programs for Romanian and Moldovan orphans.

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Provided by the organization

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1 program · $631K · in their own filed words · FY2022
01

The organization's efforts have been focused on the educational and personal transformation for romanian and moldovan orphans.

$631Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$578K
Ln 12
Gifts and grantsLn 1h$578K
Investment incomeLn 3$38
Money outPt IX
$652K
Ln 25
Programscol B$631K
Managementcol C$13K
Fundraisingcol D$7K
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$160K
LiabilitiesLn 26$433
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$578K
Fundraising eventsLn 1c$397K
Investment incomeLn 3$38
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$75K
SavingsLn 2$84K
Cash and savings togetherLn 1–2$160K
Total assetsLn 16$160K
LiabilitiesLn 26$433
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$234K$160K
Total assetsLn 16$234K$160K
LiabilitiesLn 26$486$433
Net assetsLn 32$234K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$570K$570K
Pay of current officers, directors and key staffLn 5$13K$6K$6K
Payroll taxesLn 10$1K$1K
Legal feesLn 11b$2K$2K
TravelLn 17$32K$32K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$28K$23K$6K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$652K$631K$13K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $254K$224K$30K$39K 990 PDF
FY2023 $288K$438K−$151K$9K 990 PDF
FY2022 Viewing $578K$652K−$74K$159K 990 PDF
FY2021 $239K$230K$9K$234K 990 PDF
FY2020 $250K$174K$76K$224K 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 FY2022 990 (6 parts)
Part I · Summary $577,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,401$577,616
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $67$38
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $239,468$577,654
I-13 Grants and similar amounts paidPrior year $201,010$570,210
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,133$13,838
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,952$67,956
I-18 Total expensesPrior year $230,095$652,004
I-19 Revenue less expensesPrior year $9,373−$74,350
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
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 $577,654 across 6 lines filed
VIII-1c Fundraising events$397,390
VIII-1f All other contributions, gifts and grants$180,226
VIII-1h Total contributions, gifts and grants$577,616
VIII-3 Investment incomeUnrelated business $38$38
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $38 · Excluded from tax $0$577,654
Part IX · Statement of functional expenses $652,004 across 8 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $570,210$570,210
IX-5 Pay of current officers, directors and key staffPrograms $6,363 · Management $6,362$12,725
IX-10 Payroll taxesManagement $1,113$1,113
IX-11b Legal feesManagement $2,225$2,225
IX-17 TravelPrograms $32,085$32,085
IX-23 InsuranceManagement $3,390$3,390
IX-24 Other expenses (24a–d)Programs $22,775 · Fundraising $5,697$28,472
IX-24e All other expensesFundraising $1,784$1,784
IX-25 Total functional expensesPrograms $631,433 · Management $13,090 · Fundraising $7,481$652,004
Part X · Balance sheet $159,839 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $106,937$75,496
X-2 Savings and temporary cash investmentsStart of year $127,305$84,343
X-16 Total assetsStart of year $234,242$159,839
X-25 Other liabilitiesStart of year $486$433
X-26 Total liabilitiesStart of year $486$433
X-32 Total net assets or fund balancesStart of year $233,756$159,406
X-33 Total liabilities and net assetsStart of year $234,242$159,839
Part XI · Reconciliation of net assets $159,406 net assets at year end
XI-1 Total revenue$577,654
XI-2 Total expenses$652,004
XI-3 Revenue less expenses−$74,350
XI-4 Net assets at start of year$233,756
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$159,406

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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