Civic Intelligence

Bloom India Development Foundation Inc.

990 • Fiscal year 2022 • EIN 80-0727023

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 16, 2023

Organization Profilewww.bloomindia.com
56 Lorena RoadWinchester, MA 01890

(215) 850-6799

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

59th percentile

12%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

69th percentile

$52,500

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

78th percentile

26%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-39%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$459,363

Up $95,593 (+26%) from 2021

Net Assets

Up

$459,363

Up $95,593 (+26%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin59th percentile

Revenue

Down

$813,875

Down $526,498 (-39%) from 2021

Expenses

Down

$718,282

Down $487,094 (-40%) from 2021

Net Income

Down

$95,593

Down $39,404 (-29%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$800K$600K$400K$200K$0Assets 2012: $537Net Assets 2012: $5372012Assets 2019: $14,064Liabilities 2019: $02019Assets 2020: $228,773Liabilities 2020: $0Net Assets 2020: $228,7732020Assets 2021: $363,770Liabilities 2021: $0Net Assets 2021: $363,7702021Assets 2022: $459,363Liabilities 2022: $0Net Assets 2022: $459,3632022Assets 2023: $685,058Liabilities 2023: $0Net Assets 2023: $685,0582023Assets 2024: $799,327Liabilities 2024: $0Net Assets 2024: $799,3272024

Highlighted filing

2022

Assets$459,363
Liabilities$0
Net Assets$459,363
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

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

$1.5M$1.0M$500K$0Expenses 2012: $1,0632012Revenue 2019: $13,674Expenses 2019: $110Net Income 2019: $13,5642019Revenue 2020: $817,189Expenses 2020: $602,480Net Income 2020: $214,7092020Revenue 2021: $1,340,373Expenses 2021: $1,205,376Net Income 2021: $134,9972021Revenue 2022: $813,875Expenses 2022: $718,282Net Income 2022: $95,5932022Revenue 2023: $680,325Expenses 2023: $454,526Net Income 2023: $225,7992023Revenue 2024: $864,243Expenses 2024: $660,640Net Income 2024: $203,6032024

Highlighted filing

2022

Revenue$813,875
Expenses$718,282
Net Income$95,593
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 16, 2023
Return Version
2022v5.0
Gross Receipts
$813,875
Mission and Program Overview

Mission

The purposes for which this corporation is formed are set forth in the articles of incorporation and by-laws. The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, and as a not-for-profit corporation pursuant to massachuseets law. More particularly, the purposes of the corporation are: a. Our primary mission is to redefine the future for at-risk children in highly impoverished areas by providing world class academies. B. To engage in other charitable, and educational activities that support the foregoing purposes and are not otherwise prohibited by the articles of incorporation or applicable law. C. To engage in any and all lawful activities as determined by the board of directors.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$363,770$459,363▲ $95,593
Total Assets$363,770$459,363▲ $95,593
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$363,770$459,363▲ $95,593
Total Net Assets Fund Balance$363,770$459,363▲ $95,593
Total Liabilities and Net Assets / Fund Balance$363,770$459,363▲ $95,593
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca WainwrightSecretaryPT$52,500$52,500
Elizabeth MathewTreasurer-$37,329$37,329

Board Members and Trustees

NameTitle
Dennis MathewPresident
Jocelyn KuryanDirector
John KuryanDirector
Johnson ParayilDirector
Jon GeorgeDirector
Robin JohnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$813,875
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$813,875
Change in Net Assets
$95,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$628,453
Salaries, Compensation, and Employee Benefits$89,829
Total Fundraising Expense$85,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$482,705$14,143$85,916$582,764
Other Salaries and Wages$89,829$0$0$89,829
Advertising$0$21,925$0$21,925
Office Expenses$0$10,409$0$10,409
Travel$0$9,626$0$9,626
Information Technology$0$2,308$0$2,308
Fees for Services Accounting$0$1,421$0$1,421
Total Functional Expenses$572,534$59,832$85,916$718,282
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bloom India Development Foundation Inc
EIN
80-0727023
Phone
2158506799
Address
56 Lorena Road, Winchester, MA 01890

Signing Officer

Name
Dennis Mathew
Title
President
Phone
2158506799
Signed
2023-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Mathew
Formed
2012
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
OneAscent Wealth Management LLC
Address
23 Inverness Center Pkwy, Birmingham, AL 35242
Preparer
Philip Johnston CPA
Phone
2053139142
Supplemental Narrative

Additional Explanations

Other

“Form 990 - Organization's Mission: The purpose for which this corporation is formed are set forth in the Article of Incorporation and By-laws. The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, and as a not-for-profit Corporation pursuant to Massachusetts law. More particularly, the purposes of the Corporation are: (a) To redefine the future for at-risk children in highly impoverished areas by providing world class academies; (b) To engage in other charitable and educational activities that support the foregoing purposes and are not otherwise prohibited by the Articles of Incorporation or applicable law; (c) To engage in any and all lawful activities as determined by the Board of Directors”

Pt VI, Line 2

“Dennis Mathew (President) and Elizabeth Mathew (Treasurer) - Husband/Wife; John Kuryan (Director) and Jocelyn Kuryan (Director) - Husband/Wife”

Pt VI, Line 11B

“The BoD met to review the Form 990. Each section was reviewed. Any questions were sent to preparer for answer/clarification.”

Form 990, Part IX, Line 24E

“Media Expenses 6385. 6385. 0. 0.”

Form 990, Part IX, Line 24E

“Event Expenses 77095. 0. 0. 77095.”

Form 990, Part IX, Line 24E

“Donor Management 8821. 0. 0. 8821.”

Form 990, Part IX, Line 24E

“Donor Database 14143. 0. 14143. 0.”

Form 990, Part IX, Line 24E

“Darsha Expenses 240628. 240628. 0. 0.”

Form 990, Part IX, Line 24E

“Bloom India Programs 235692. 235692. 0. 0.”

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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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IRS990/ProgSrvcAccomActy2Grp/Desc0We 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. PUC's are similar to an 11th and 12th grade in the US. It is required for students entering university but is often unaffordable to low-income families. Darsha focuses on STEM-based curriculum to prepare young women for studying in a math and science focused university. We are excited to see young women empowered and equipped to pursue their dreams!
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IRS990/ProgSrvcAccomActy3Grp/Desc0Bloom 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 - Organization's Mission: The purpose for which this corporation is formed are set forth in the Article of Incorporation and By-laws. The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, and as a not-for-profit Corporation pursuant to Massachusetts law. More particularly, the purposes of the Corporation are: (a) To redefine the future for at-risk children in highly impoverished areas by providing world class academies; (b) To engage in other charitable and educational activities that support the foregoing purposes and are not otherwise prohibited by the Articles of Incorporation or applicable law; (c) To engage in any and all lawful activities as determined by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Dennis Mathew (President) and Elizabeth Mathew (Treasurer) - Husband/Wife; John Kuryan (Director) and Jocelyn Kuryan (Director) - Husband/Wife
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The BoD met to review the Form 990. Each section was reviewed. Any questions were sent to preparer for answer/clarification.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Donor Management 8821. 0. 0. 8821.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Donor Database 14143. 0. 14143. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Darsha Expenses 240628. 240628. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bloom India Programs 235692. 235692. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0363770
IRS990/TotalAssetsEOYAmt0459363
IRS990/TotalAssetsGrp/BOYAmt0363770
IRS990/TotalAssetsGrp/EOYAmt0459363
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0813875
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt085916
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059832
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0572534
IRS990/TotalFunctionalExpensesGrp/TotalAmt0718282
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0363770
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0459363
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0572534
IRS990/TotalReportableCompFromOrgAmt089829
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0813875
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0363770
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0459363
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt09626
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt09626
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt031 Tall Oaks Drive
IRS990/USAddress/CityNm0Feasterville Trevose
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019053
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.bloomindia.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis Mathew
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02158506799
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bloom India Development Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0800727023
ReturnHeader/Filer/PhoneNum02158506799
ReturnHeader/Filer/USAddress/AddressLine1Txt056 Lorena Road
ReturnHeader/Filer/USAddress/CityNm0Winchester
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001890
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850895057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OneAscent Wealth Management LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023 Inverness Center Pkwy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Birmingham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035242
ReturnHeader/PreparerPersonGrp/PhoneNum02053139142
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Philip Johnston CPA
ReturnHeader/ReturnTs02023-07-13T07:47:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Dennis
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Mathew
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$459,363
Liabilities
$0
Net assets
$459,363
Revenue
$813,875
Expenses
$718,282
Net income
$95,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.00$0.80$0.86$0.66$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.68$0.45$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.81$0.72$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.34$1.21$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.82$0.60$0.21
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00