Bloom India Development Foundation INC EIN 80-0727023 Form 990 (PDF) Claim this org

Bloom India Development Foundation INC

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Bloom India Development Foundation INC is a human services nonprofit based in Winchester, MA. For fiscal year 2024 it reported $864K in revenue, $661K in expenses, and $799K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Winchester, MA
Website
www.bloomindia.com
Filings
5 on file (2020–2024)
Revenue
$864KFY2024
Expenses
$661K
Net assets
$799K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  80-0727023 Public charity (501(c)(3)) Winchester, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
a human services nonprofit
Leadership
Dennis Mathew · President
Money in and out
$864K revenue, $661K expenses
Bottom line
74% program efficiency
Where the money goes · FY2024
Total revenue
$864K
Pt VIII · Ln 12
Total expenses
$661K
Pt IX · Ln 25
Net assets
$799K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $204K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.06 Fundraising $0.20
Program efficiency
74%
of spending reaches programs▲ +14% vs prior filing year
Operating runway
14.5mo
months of highly liquid reserves at operating expense rate▼ -20% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▼ -29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$864K
FY2024▲ +27%
Expenses
$661K
FY2024▲ +45%
Total assets
$799K
FY2024▲ +17%
Total liabilities
$0
FY2024
Total revenue
$864K
Pt VIII · Ln 12
Total expenses
$661K
Pt IX · Ln 25
Net assets
$799K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$204K
Total assetsPt X · Ln 16$799K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBloom India Development Foundation INC
EINHdr · item D80-0727023
Principal addressHdr · item CWinchester, MA
WebsiteHdr · item Jwww.bloomindia.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P19)
Ruling yearIRS BMFMar 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rebecca Wainwright’s $52K as Secretary is at the 41st percentile of top reported officer pay among 2162 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2022FY2021FY2020
Rebecca Wainwright$52,500$56,000
Rebecca Wainwright$52,500
Elizabeth Mathew$37,329
Elizabeth Mathew$20,004

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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Mission & Programs · Part III

Where the work happens

3 program services account for $491K of program spending, described in the organization's own filed words · FY2024.
01

Bloom India provides quality education to over 2,000 underprivileged children in our academies. Bloom India also provides full scholarships to Bloom graduates, of whom 60 high-potential students are in higher education programs.

$371Kprogram expense
02

Bloom USA

Our primary mission is to redefine the future for at-risk children in highly impoverished areas by providing world-class academies. Our vision is to provide high-quality education to underprivileged children and break the bondage of poverty, injustice, and social discrimination.

$120Kprogram expense
03

We are pleased to partner with The Darsha Academy, a Pre-University Course (PUC) that prepares resilient young women for leadership and community transformation through education and character development. PUCs are similar to an 11th and 12th grade in the US.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$864K
Total revenueLn 12$864K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.06 Fundraising $0.20
Program services74%$491K
Management & general6%$37K
Fundraising20%$133K
Total functional expensesLn 25$661K

Balance Sheet

Part X · end of year
CashLn 1$799K
Total assetsLn 16$799K
Total liabilitiesLn 26$0
Total net assetsLn 32$799K
Months of cash on handcomputed14.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $799K · Operating expenses/yr $661K
14.5 months
Where the money goes
Program services
Program services $491K · Total expenses $661K
74%
Management & General
Management & general $37K · Total expenses $661K
6%
Fundraising
Fundraising $133K · Total expenses $661K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $111K · Solicited contributions (3-yr avg) $786K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $864K · Total revenue $864K
100%
Government reliance
Government grants — · Total revenue $864K
Earned-income share
Program service revenue $0 · Total revenue $864K
0%
Investment reliance
Investment income $0 · Total revenue $864K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $661K
0%
Growth & trend
Revenue growth (YoY)
This year $864K · Prior year $680K
+27%
Revenue CAGR
FY2020 $817K · FY2024 $864K
+1%
Net-asset trend (YoY)
End of year $799K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $864K · Expenses $661K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $799K
Net-asset ratio
Net assets $799K · Total assets $799K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $799K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dennis Mathew · Reported title President · Highest reported compensation $0 · Total expenses $661K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $120K · Total expenses $661K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 6%
Fundraising cost ratio 15%
Revenue growth 27%
Accounting fee ratio 0.1%

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 · funders on record
Grants received · FY2024
See all 6 funders →

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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)$864K revenue · viewing · ⤓ 990 PDF
FY2023$680K revenue · ⤓ 990 PDF
FY2022$814K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$817K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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