Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Foundation Blue Inc.
990EZ • Fiscal year 2023 • EIN 46-4671142
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.07x
Liabilities / Revenue
68th percentile
Higher debt load relative to revenue than 68% of similar nonprofits.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
25th percentile
Faster revenue growth than 25% of similar nonprofits.
Balance Sheet
Assets
Down$10,631
Down $3,393 (-24%) from 2022
Net Assets
Down$9,860
Down $4,164 (-30%) from 2022
Liabilities
Up$771
Up $771 from 2022
Revenue And Expenses
Revenue
Down$60,680
Down $14,560 (-19%) from 2022
Expenses
Down$64,844
Down $3,680 (-5.4%) from 2022
Net Income
Down-$4,164
Down $10,880 (-162%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Apr 25, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $63,588
Mission and Program Overview
Mission
To provide financial services to poor
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE SCHOLARSHIPS TO TWO COMMUNITY COLLEGES FOR STUDENTS MAJORING IN AUTOMOTIVE TECH | - | $64,074 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| NANCY DEROCHAMBEAU | Director | PT | $0 | - | - |
| JUSTON SANTOS | Executive Assistant | PT | $0 | - | - |
| PATRICK HOLDEN | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Foundation Blue Inc of Ri
- EIN
- 46-4671142
- Address
- 51 DUNNS CORNER ROAD, WESTERLY, RI 02891
Signing Officer
- Name
- Nancy Derochambeau
- Title
- Director
- Phone
- 4013220841
- Signed
- 2024-04-25
- Discuss with paid preparer
- No
Preparer
- Firm
- Dufour & Schmitt Ltd
- Address
- 272 WEST EXCHANGE ST STE 001, PROVIDENCE, RI 02903
- Preparer
- Roger M Dufour
- Phone
- 4017517154
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity SCHOLARSHIPS FOR STUDENTS STUDYING AUTOMOTIVE TECHGrantee NEW ENGLAND INSTITUTE OF TECHNOLOGYStreet 1 NEW ENGLAND TECH BLVD City, State, Zip EAST GREENWICH, RI 02818Relationship NONE Amount 5,000”
Description of other expenses Part I line 16
“Description AmountADVERTISING AND MARKETING 10BANK CHARGES AND PAYAL FEES 374EDUCATION EXPENSE 470CONTRACTORS 3,160RAFLE ITEMS 106TRAVEL AND MEALS TO EVENTS 4,909OFFICE SUPPLIES AND SOFTWARE 259SUBSCRIPTION SERVICES 389TRAILER EXPENSE 1,112INTERNET ABD TELEPHONE 3,821”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearPAYROLL TAX WITHHELD 0 771”
Raw XML Appendix151 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | NANCY DEROCHAMBEAU |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4013220841 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 51 DUNNS CORNER RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WESTERLY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | RI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02891 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 14024 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10631 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 49357 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 2908 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -4164 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 14024 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 10631 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 5000 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 11323 |
| IRS990EZ/GrossReceiptsAmt | 0 | 63588 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 14231 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 14024 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 9860 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 14024 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 9860 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 250 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 30.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | NANCY DEROCHAMBEAU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JUSTON SANTOS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PATRICK HOLDEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | EXECUTIVE ASSISTANT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 14610 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE FINANCIAL SERVICES TO POOR |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE SCHOLARSHIPS TO TWO COMMUNITY COLLEGES FOR STUDENTS MAJORING IN AUTOMOTIVE TECH |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 64074 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 44984 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | RI |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 771 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 64844 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 64074 |
| IRS990EZ/TotalRevenueAmt | 0 | 60680 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.FOUNDATIONBLUE.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 49357 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 71876 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77346 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 52746 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50774 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 302099 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.36880 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.39250 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 111408 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 190691 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 49357 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 71876 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77346 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 52746 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50774 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 302099 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 302099 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity SCHOLARSHIPS FOR STUDENTS STUDYING AUTOMOTIVE TECHGrantee NEW ENGLAND INSTITUTE OF TECHNOLOGYStreet 1 NEW ENGLAND TECH BLVD City, State, Zip EAST GREENWICH, RI 02818Relationship NONE Amount 5,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountADVERTISING AND MARKETING 10BANK CHARGES AND PAYAL FEES 374EDUCATION EXPENSE 470CONTRACTORS 3,160RAFLE ITEMS 106TRAVEL AND MEALS TO EVENTS 4,909OFFICE SUPPLIES AND SOFTWARE 259SUBSCRIPTION SERVICES 389TRAILER EXPENSE 1,112INTERNET ABD TELEPHONE 3,821 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearPAYROLL TAX WITHHELD 0 771 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | NANCY DEROCHAMBEAU |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4013220841 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-04-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FOUNDATION BLUE INC OF RI |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FOUN |
| ReturnHeader/Filer/EIN | 0 | 464671142 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 51 DUNNS CORNER ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WESTERLY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | RI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02891 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 050471368 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DUFOUR & SCHMITT LTD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 272 WEST EXCHANGE ST STE 001 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PROVIDENCE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | RI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 02903 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4017517154 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-05-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROGER M DUFOUR |
| ReturnHeader/ReturnTs | 0 | 2024-05-11T13:44:26-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | NANCY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | DEROCHAMBEAU |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $10,631
- Liabilities
- $771
- Net assets
- $9,860
- Revenue
- $60,680
- Expenses
- $64,844
- Net income
- -$4,164