Civic Intelligence

The Blue Sky Fund Inc

990EZ • Fiscal year 2021 • EIN 27-2168445

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

260 N Josephine Street Suite 210Denver, CO 80206

(720) 550-7357

Siviq Scores

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

Liabilities / Assets

74th percentile

0.06x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

10th percentile

-64%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

6th percentile

-64%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

75th percentile

49%

Faster revenue growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$43,519

Down $76,883 (-64%) from 2020

Net Assets

Down

$40,832

Down $75,801 (-65%) from 2020

Liabilities

Down

$2,687

Down $1,082 (-29%) from 2020

Revenue

Up

$117,730

Up $38,835 (+49%) from 2020

Expenses

Down

$193,531

Down $12,772 (-6.2%) from 2020

Net Income

Up

-$75,801

Up $51,607 (+41%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $6,174Liabilities 2011: $0Net Assets 2011: $6,1742011Assets 2012: $33,709Liabilities 2012: $0Net Assets 2012: $33,7092012Assets 2015: $69,660Liabilities 2015: $0Net Assets 2015: $69,6602015Assets 2016: $153,934Liabilities 2016: $0Net Assets 2016: $153,9342016Assets 2017: $212,204Liabilities 2017: $0Net Assets 2017: $212,2042017Assets 2018: $238,770Liabilities 2018: $0Net Assets 2018: $238,7702018Assets 2019: $251,437Liabilities 2019: $7,396Net Assets 2019: $244,0412019Assets 2020: $120,402Liabilities 2020: $3,769Net Assets 2020: $116,6332020Assets 2021: $43,519Liabilities 2021: $2,687Net Assets 2021: $40,8322021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$43,519
Liabilities$2,687
Net Assets$40,832

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $18,616Expenses 2011: $15,125Net Income 2011: $3,4912011Revenue 2012: $12,665Expenses 2012: $7,700Net Income 2012: $4,9652012Revenue 2015: $61,666Expenses 2015: $11,307Net Income 2015: $50,3592015Revenue 2016: $122,461Expenses 2016: $38,187Net Income 2016: $84,2742016Revenue 2017: $122,896Expenses 2017: $64,626Net Income 2017: $58,2702017Revenue 2018: $148,765Expenses 2018: $122,199Net Income 2018: $26,5662018Revenue 2019: $189,262Expenses 2019: $183,991Net Income 2019: $5,2712019Revenue 2020: $78,895Expenses 2020: $206,303Net Income 2020: -$127,4082020Revenue 2021: $117,730Expenses 2021: $193,531Net Income 2021: -$75,8012021Revenue 2022: $49,036Expenses 2022: $89,868Net Income 2022: -$40,8322022

Highlighted filing

2021

Revenue$117,730
Expenses$193,531
Net Income-$75,801
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$117,730
Mission and Program Overview

Mission

To provide tutoring scholarships to students who qualify based on both need and merit

The organization's mission is to help level the playing field for disadvantaged children. A college education is the primary determinant of a young person's future earning power and contribution to society. College today is both hard to get into and hard to afford and there are tremendous advantages afforded to those with financial resources.

Program Services

DescriptionGrantsExpenses
SAT/ACT TUTORING SPONSORSHIPS ARE AN EXTREMELY DOLLAR EFFICIENT WAY OF SUPPORTING A STUDENT'S CHANCE OF GETTING INTO COLLEGE AND GETTING ACADEMIC SCHOLARSHIPS. BLUE SKY CREATED ITS A.C.C.E.S.S PROGRAM TO PROVIDE TUTORING SCHOLARSHIPS TO STUDENTS WHO QUALIFY BASED ON BOTH NEED AND MERIT. BY PROVIDING THE SAME TOOLS AND STRATEGIES, A.C.C.E.S.S ATTEMPTS TO CREATE AN EQUAL OPPORTUNITY FOR LOW-INCOME STUDENTS THROUGHOUT THE COLLEGE APPLICATION PROCESS.-$188,216
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATT WEISSPresident-$0--
BRAD FARBERVice President-$0--
SAM ZAITZSecretary-$0--
MATT JOBLONCo-Treasurer-$0--
JEREMY ABELSONCo-Treasurer-$0--
MATT ROBERTSONDirector-$0--
MATT CORNWELLDirector-$0--
MINDY HUMPHREYDirector-$0--
SCOTT GRIMMDirector-$0--
Filing and Contact Details

Filer

Filer Name
Blue Sky Fund
EIN
27-2168445
In Care Of
% MATT WEISS
Phone
7205507357
Address
260 N Josephine Street Suite 210, Denver, CO 80206

Signing Officer

Name
Brad Farber
Title
Vice President
Phone
7205507357
Signed
2022-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Bdo USA Llp
Address
303 E 17th Avenue Ste 600, Denver, CO 80203
Preparer
Megan Grozdanich CPA
Phone
3038301120
Supplemental Narrative

Additional Explanations

FORM 990-EZ, PART V, INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS:

The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract.

Form 990EZ Part I Line 16

Description:PAYPAL SERVICE FEES Amount:901

Form 990EZ Part I Line 16

Description:PAYROLL EXPENSES Amount:4604

Form 990EZ Part I Line 16

Description:BANK FEES Amount:33

Form 990EZ Part II Line 24

Description:ACCRUED REVENUE BOY Amount:13478 EOY Amount:

Raw XML Appendix199 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DENVER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MATT WEISS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BRAD FARBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
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IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S MISSION IS TO HELP LEVEL THE PLAYING FIELD FOR DISADVANTAGED CHILDREN. A COLLEGE EDUCATION IS THE PRIMARY DETERMINANT OF A YOUNG PERSON'S FUTURE EARNING POWER AND CONTRIBUTION TO SOCIETY. COLLEGE TODAY IS BOTH HARD TO GET INTO AND HARD TO AFFORD AND THERE ARE TREMENDOUS ADVANTAGES AFFORDED TO THOSE WITH FINANCIAL RESOURCES.
IRS990EZ/PrintingPublicationsPostageAmt01909
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SAT/ACT TUTORING SPONSORSHIPS ARE AN EXTREMELY DOLLAR EFFICIENT WAY OF SUPPORTING A STUDENT'S CHANCE OF GETTING INTO COLLEGE AND GETTING ACADEMIC SCHOLARSHIPS. BLUE SKY CREATED ITS A.C.C.E.S.S PROGRAM TO PROVIDE TUTORING SCHOLARSHIPS TO STUDENTS WHO QUALIFY BASED ON BOTH NEED AND MERIT. BY PROVIDING THE SAME TOOLS AND STRATEGIES, A.C.C.E.S.S ATTEMPTS TO CREATE AN EQUAL OPPORTUNITY FOR LOW-INCOME STUDENTS THROUGHOUT THE COLLEGE APPLICATION PROCESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0188216
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IRS990EZ/SpecialEventsDirectExpensesAmt00
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.bsfcolorado.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0117730
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0189260
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:PAYPAL SERVICE FEES Amount:901
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:PAYROLL EXPENSES Amount:4604
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:BANK FEES Amount:33
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:ACCRUED REVENUE BOY Amount:13478 EOY Amount:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART V, INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART II LINE 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Brad Farber
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum07205507357
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Blue Sky Fund
ReturnHeader/Filer/BusinessNameControlTxt0BLU
ReturnHeader/Filer/EIN0272168445
ReturnHeader/Filer/InCareOfNm0% MATT WEISS
ReturnHeader/Filer/PhoneNum07205507357
ReturnHeader/Filer/USAddress/AddressLine1Txt0260 N Josephine Street Suite 210
ReturnHeader/Filer/USAddress/CityNm0Denver
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080206
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0303 E 17th Avenue Ste 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Denver
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080203
ReturnHeader/PreparerPersonGrp/PhoneNum03038301120
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Megan Grozdanich CPA
ReturnHeader/ReturnTs02022-11-15T17:22:45-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Brad
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Farber
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings