Civic Intelligence

Bloomfield Educational Foundation Incorporated

990 • Fiscal year 2023 • EIN 22-3621312

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 16, 2023

Organization ProfileBLOOMFIELDEDUCATIONALFOUNDATION.ORG
PO Box 1358Bloomfield, NJ 07003-1358

(973) 403-0032

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.02x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.11x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

65th percentile

$25,100

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Asset Growth

54th percentile

6.5%

Faster asset growth than 54% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

16%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$769,769

Up $47,317 (+6.5%) from 2022

Net Assets

Up

$752,834

Up $59,868 (+8.6%) from 2022

Liabilities

Down

$16,935

Down $12,551 (-43%) from 2022

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin78th percentile

Revenue

Up

$159,917

Up $22,314 (+16%) from 2022

Expenses

Up

$116,223

Up $12,452 (+12%) from 2022

Net Income

Up

$43,694

Up $9,862 (+29%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $581,343Liabilities 2010: $02010Assets 2011: $616,953Liabilities 2011: $7,647Net Assets 2011: $609,3062011Assets 2012: $681,442Liabilities 2012: $7,825Net Assets 2012: $673,6172012Assets 2013: $725,358Liabilities 2013: $3,750Net Assets 2013: $721,6082013Assets 2014: $800,110Liabilities 2014: $14,250Net Assets 2014: $785,8602014Assets 2015: $825,615Liabilities 2015: $27,000Net Assets 2015: $798,6152015Assets 2016: $776,998Liabilities 2016: $27,675Net Assets 2016: $749,3232016Assets 2017: $862,091Liabilities 2017: $108,500Net Assets 2017: $753,5912017Assets 2018: $816,972Liabilities 2018: $29,750Net Assets 2018: $787,2222018Assets 2019: $828,525Liabilities 2019: $49,912Net Assets 2019: $778,6132019Assets 2020: $765,417Liabilities 2020: $61,965Net Assets 2020: $703,4522020Assets 2021: $808,795Liabilities 2021: $36,752Net Assets 2021: $772,0432021Assets 2022: $722,452Liabilities 2022: $29,486Net Assets 2022: $692,9662022Assets 2023: $769,769Liabilities 2023: $16,935Net Assets 2023: $752,8342023Assets 2024: $982,332Liabilities 2024: $1,000Net Assets 2024: $981,3322024Assets 2025: $1,061,220Liabilities 2025: $0Net Assets 2025: $1,061,2202025

Highlighted filing

2023

Assets$769,769
Liabilities$16,935
Net Assets$752,834
Open 2023 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2010: $57,181Expenses 2010: $75,519Net Income 2010: -$18,3382010Revenue 2011: $134,412Expenses 2011: $85,254Net Income 2011: $49,1582011Revenue 2012: $123,370Expenses 2012: $93,860Net Income 2012: $29,5102012Revenue 2013: $158,526Expenses 2013: $92,390Net Income 2013: $66,1362013Revenue 2014: $189,861Expenses 2014: $126,561Net Income 2014: $63,3002014Revenue 2015: $114,150Expenses 2015: $67,498Net Income 2015: $46,6522015Revenue 2016: $173,183Expenses 2016: $266,270Net Income 2016: -$93,0872016Revenue 2017: $152,515Expenses 2017: $159,012Net Income 2017: -$6,4972017Revenue 2018: $157,514Expenses 2018: $87,302Net Income 2018: $70,2122018Revenue 2019: $200,706Expenses 2019: $204,428Net Income 2019: -$3,7222019Revenue 2020: $124,744Expenses 2020: $137,677Net Income 2020: -$12,9332020Revenue 2021: $132,167Expenses 2021: $102,341Net Income 2021: $29,8262021Revenue 2022: $137,603Expenses 2022: $103,771Net Income 2022: $33,8322022Revenue 2023: $159,917Expenses 2023: $116,223Net Income 2023: $43,6942023Revenue 2024: $350,855Expenses 2024: $174,081Net Income 2024: $176,7742024Revenue 2025: $278,316Expenses 2025: $162,802Net Income 2025: $115,5142025

Highlighted filing

2023

Revenue$159,917
Expenses$116,223
Net Income$43,694
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 16, 2023
Return Version
2022v5.0
Gross Receipts
$202,299
Mission and Program Overview

Mission

Provide grants to bloomfield, nj public schools, teachers and students. Provide scholarships to bloomfield high school graduates.

Provide support for bloomfield, nj public schools and college scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$669,692$687,997▲ $18,305
Cash and Non-Interest-Bearing Accounts$11,005$71,441▲ $60,436
Savings and Temporary Cash Investments$41,470$10,331▼ $31,139
Accounts Receivable$285--
Total Assets$722,452$769,769▲ $47,317
Liabilities
Grants Payable$29,486$16,935▼ $12,551
Total Liabilities$29,486$16,935▼ $12,551
Net Assets / Fund Balance
Net Assets With Donor Restrictions$672,345$674,847▲ $2,502
Net Assets Without Donor Restrictions$20,621$77,987▲ $57,366
Total Net Assets Fund Balance$692,966$752,834▲ $59,868
Total Liabilities and Net Assets / Fund Balance$722,452$769,769▲ $47,317
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ann DassingExecutive DiPT$25,100$25,100

Board Members and Trustees

NameTitle
Terence MullaneChairman
Madeline WollnerVice-chairwo
Howard FriedmanTrustee
Jennifer VignaTrustee
Joseph KliminskiTrustee
Mary Jean MonahanTrustee
Mary TodaroTrustee
Michael SceurmanTrustee
Paul GiulianoTrustee
Robert Fetterly JrTrustee
Robert StormTrustee
Steven TiceTrustee
Richard KoscielakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$67,689
Program Service Revenue
$0
Investment Income
$25,802
Other Revenue
$66,426
All Other Contributions
$67,094
Change in Net Assets
$43,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,924
Grants and Similar Amounts Paid$49,299
Total Fundraising Expense$23,240
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$47,500--$47,500
Fees for Services Management$7,530$7,530$10,040$25,100
Fees for Service Investment Mgmnt Fees$6,402$3,201-$9,603
Fees for Services Accounting-$8,275-$8,275
Office Expenses$2,388$2,084$884$5,356
Advertising$3,009$2,006-$5,015
Grants to Domestic Orgs$1,799--$1,799
Other Expenses--$1,291$1,291
Insurance-$997-$997
Royalties--$240$240
Fees for Services Other$37$75$38$150
Conferences and Meetings-$150-$150
Total Functional Expenses$68,665$24,318$23,240$116,223
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$87,768
Fundraising Direct Expenses$31,382
Gaming Gross Income$20,700
Gaming Direct Expenses$11,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$44,555$43,960$29,770$14,190
Sunset Classic$34,834$34,834-$34,834
Total Events$85,618$85,023$30,952$54,071
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Bloomfield Educational Foundation
EIN
22-3621312
Address
PO BOX 1358, BLOOMFIELD, NJ 07003-1358

Signing Officer

Name
Terence Mullane
Title
Chairman
Phone
9734030032
Signed
2023-01-16

Organization Details

Principal Officer
Terence Mullane
Formed
1998
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Nardi & Associates LLC
Address
37 VREELAND AVE STE 2, TOTOWA, NJ 07512
Preparer
Joseph Berardinelli CPA Ea
Phone
9732562288
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/FundraisingAmt0240
IRS990/RoyaltiesGrp/TotalAmt0240
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041470
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt067689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt047353
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt081572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt083082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt081442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0361138
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017542
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017542
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0469499
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0340
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0340
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95280
IRS990ScheduleA/PublicSupportPY170Pct00.94360
IRS990ScheduleA/PublicSupportTotal170Amt0361138
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt067689
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt047353
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt081572
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt083082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt081442
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0361138
IRS990ScheduleA/TotalSupportAmt0379020
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesOtherEventsAmt0336
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0336
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0595
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0595
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030952
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SUNSET CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt044555
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt034834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt085618
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt043960
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt034834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt085023
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt054071
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0846
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030616
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt029770
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt011000
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt011000
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt011000
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt020700
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt020700
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt09700
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0ANN DASSING
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt014 HATFIELD ST
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0CALDWELL
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0NJ
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd007006
IRS990ScheduleG/StatesWhereGamingConductedCd0NJ
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt047500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0722452
IRS990/TotalAssetsEOYAmt0769769
IRS990/TotalAssetsGrp/BOYAmt0722452
IRS990/TotalAssetsGrp/EOYAmt0769769
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt067689
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023240
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024318
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068665
IRS990/TotalFunctionalExpensesGrp/TotalAmt0116223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029486
IRS990/TotalLiabilitiesEOYAmt016935
IRS990/TotalLiabilitiesGrp/BOYAmt029486
IRS990/TotalLiabilitiesGrp/EOYAmt016935
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0692966
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0752834
IRS990/TotalProgramServiceExpensesAmt068665
IRS990/TotalReportableCompFromOrgAmt025100
IRS990/TotalRevenueGrp/ExclusionAmt0340
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035502
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0159917
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0722452
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0769769
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0375 ESSEX AVE
IRS990/USAddress/CityNm0BLOOMFIELD
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007003
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0BLOOMFIELDEDUCATIONALFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TERENCE MULLANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$769,769
Liabilities
$16,935
Net assets
$752,834
Revenue
$159,917
Expenses
$116,223
Net income
$43,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.28$0.16$0.12
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.35$0.17$0.18
2023Detailed filing. Detailed filing data is available for this year.$0.77$0.02$0.75$0.16$0.12$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.03$0.69$0.14$0.10$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.04$0.77$0.13$0.10$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.70$0.12$0.14$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.05$0.78$0.20$0.20$0.00
2018Summary only. Only limited summary data is available for this year.$0.82$0.03$0.79$0.16$0.09$0.07
2017Summary only. Only limited summary data is available for this year.$0.86$0.11$0.75$0.15$0.16$0.01
2016Summary only. Only limited summary data is available for this year.$0.78$0.03$0.75$0.17$0.27$0.09
2015Summary only. Only limited summary data is available for this year.$0.83$0.03$0.80$0.11$0.07$0.05
2014Summary only. Only limited summary data is available for this year.$0.80$0.01$0.79$0.19$0.13$0.06
2013Summary only. Only limited summary data is available for this year.$0.73$0.00$0.72$0.16$0.09$0.07
2012Summary only. Only limited summary data is available for this year.$0.68$0.01$0.67$0.12$0.09$0.03
2011Summary only. Only limited summary data is available for this year.$0.62$0.01$0.61$0.13$0.09$0.05
2010Summary only. Only limited summary data is available for this year.$0.58$0.00$0.06$0.08$0.02