Blue Ocean Foundation EIN 47-5222163

Blue Ocean Foundation

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A private foundation based in Fort Collins, CO. It reported about $80K in revenue for 2021. For fiscal year 2021 it reported $80K in revenue, $80K in expenses.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Fort Collins, CO
Filings
2 on file (2020–2021)
Revenue
$80KFY2021
Expenses
$80K
Net assets
$0
People
2
Filings
2
Updates
0
More identity details & actions ⌄
EIN  47-5222163 Private foundation / grantmaker Fort Collins, CO
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Fort Collins, CO. It reported about $80K in revenue for 2021.
Leadership
Jonathan Roelfs · Treasurer
Money in and out
$80K revenue, $80K expenses
Bottom line
Grants paid & assets · FY2021
Total revenue
$80K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $0
Grants paid
80K
in FY2021
Grants made
1grants
total in period

Who They Fund

Part XV · grants paid · 1 grant · $80K · 2021–2021
Colorado Nonprofit Development CentFY2021$80,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$80K
Median grantPart XV$80K
Largest grantPart XV$80K

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$80K
FY2021▼ -51%
Expenses
$80K
FY2021▼ -43%
Total assets
$0
FY2021
Total liabilities
$0
FY2021
Total revenue
$80K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Total assetsPt II$0

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlue Ocean Foundation
EINHdr · item D47-5222163
Principal addressHdr · item CFort Collins, CO
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

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

Part VIII
Contributions & grants100%$80K
Total revenueLn 12$80K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00
Grants & contributions paid100%$80K
Total functional expensesLn 25$80K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $0
Foundation payout rate (grants ÷ total assets); 5% minimum-distribution rule
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $80K
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $80K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $80K · Prior year $163K
-51%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $80K · Expenses $80K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
People & payroll
Highest Reported Total Compensation
Individual Jonathan Roelfs · Reported title Treasurer · Highest reported compensation $0 · Total expenses $80K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -51%

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
FY2021 (Latest)$80K revenue · viewing · ⤓ 990 PDF
FY2020$163K 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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