Blossom Charitable Foundation INC EIN 86-3139841 Form 990 (PDF) Claim this org

Blossom Charitable Foundation INC

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Presents music and performances to nurture local culture and support arts. For fiscal year 2024 it reported $555K in revenue, $616K in expenses, and $-145K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Lake Wales, FL
Website
www.orangeblossomrevue.com/foundation
Filings
4 on file (2021–2024)
Revenue
$555KFY2024
Expenses
$616K
Net assets
$-145K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-3139841 Public charity (501(c)(3)) Lake Wales, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents music and performances to nurture local culture and support arts.
Leadership
Carlie W Cosce · Secretary/Tr
Money in and out
$555K revenue, $616K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$616K
Pt IX · Ln 25
Net assets
$-145K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$61K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▲ +67% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▼ -70% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$555K
FY2024+0.3%
Expenses
$616K
FY2024▲ +5%
Total assets
$200K
FY2024▲ +47%
Total liabilities
$345K
FY2024▲ +57%
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$616K
Pt IX · Ln 25
Net assets
$-145K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$61K
Total assetsPt X · Ln 16$200K
Program-expense ratioPt IX · col B99%
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 $610K of program spending, described in the organization's own filed words · FY2024.
01

We remain deeply committed to enriching the culture of lake wales by bringing an exceptional lineup of musicians, artists, and performers to our community. These events are more than entertainment.

$610Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlossom Charitable Foundation INC
EINHdr · item D86-3139841
Principal addressHdr · item CLake Wales, FL
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFNov 2021

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 12aYes
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
Secretary/Tr
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$386K · 69%
Contributions & grants$169K · 31%
Program service revenue69%$386K
Contributions & grants31%$169K
— government grantsLn 1e$84K
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$610K
Management & general1%$6K
Total functional expensesLn 25$616K

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$200K
Total liabilitiesLn 26$345K
Total net assetsLn 32$-145K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $616K
2.5 months
Where the money goes
Program services
Program services $610K · Total expenses $616K
99%
Management & General
Management & general $6K · Total expenses $616K
0.9%
Fundraising
Fundraising $0 · Total expenses $616K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $169K · Total revenue $555K
31%
Government reliance
Government grants $84K · Total revenue $555K
15%
Earned-income share
Program service revenue $386K · Total revenue $555K
69%
Investment reliance
Investment income $0 · Total revenue $555K
0%
Program self-sufficiency
Program service revenue $386K · Total expenses $616K
63%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year $553K
+0.3%
Net-asset trend (YoY)
End of year $-145K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $616K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $200K
Net-asset ratio
Net assets $-145K · Total assets $200K
-72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $200K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carlie W Cosce · Reported title SECRETARY/TR · Highest reported compensation $0 · Total expenses $616K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $616K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.9%
Fundraising cost ratio 0%
Revenue growth 0.3%

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 1 funder$5K
Grants paid · 2 grants · $20K · 2023–2024
Lake Wales Arts Council INCFL · FY2024$10,000
Lake Wales Arts Council INCFL · FY2023$10,000

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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)$555K revenue · viewing · ⤓ 990 PDF
FY2023$553K revenue · ⤓ 990 PDF
FY2022$269K revenue · ⤓ 990 PDF
FY2021$324K 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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