Civic Intelligence

Blue Room Foundation Inc.

990 • Fiscal year 2024 • EIN 85-3390155

Jan 01, 2024 to Dec 31, 2024 • Filed on Aug 13, 2025

Organization ProfileN/A
652 Marshall AveMemphis, TN 38103

(901) 210-0116

Siviq Scores

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

Liabilities / Assets

94th percentile

0.99x

Higher debt load relative to assets than 94% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

8.54x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

4th percentile

-77%

Higher net margin than 4% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$77,746

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 120.4% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

77th percentile

22%

Faster asset growth than 77% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-19%

Faster revenue growth than 17% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$558,947

Up $101,447 (+22%) from 2023

Net Assets

Down

$7,477

Down $59,186 (-89%) from 2023

Liabilities

Up

$551,470

Up $160,633 (+41%) from 2023

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Down

$64,568

Down $14,827 (-19%) from 2023

Expenses

Down

$114,016

Down $117,639 (-51%) from 2023

Net Income

Up

-$49,448

Up $102,812 (+68%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$600K$400K$200K$0Assets 2021: $42,936Liabilities 2021: $0Net Assets 2021: $42,9362021Assets 2022: $236,668Liabilities 2022: $17,745Net Assets 2022: $218,9232022Assets 2023: $457,500Liabilities 2023: $390,837Net Assets 2023: $66,6632023Assets 2024: $558,947Liabilities 2024: $551,470Net Assets 2024: $7,4772024

Highlighted filing

2024

Assets$558,947
Liabilities$551,470
Net Assets$7,477
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

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

$1.0M$500K$0-$500KRevenue 2021: $102,856Expenses 2021: $59,920Net Income 2021: $42,9362021Revenue 2022: $903,789Expenses 2022: $727,802Net Income 2022: $175,9872022Revenue 2023: $79,395Expenses 2023: $231,655Net Income 2023: -$152,2602023Revenue 2024: $64,568Expenses 2024: $114,016Net Income 2024: -$49,4482024

Highlighted filing

2024

Revenue$64,568
Expenses$114,016
Net Income-$49,448
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 13, 2025
Return Version
2024v5.2
Gross Receipts
$64,568
Mission and Program Overview

Mission

The organization's mission is to provide education in the arts to young adults and to support artists generally, particularly those from an underpriveleged or low-income background or who would otherwise face hardship or barriers to entry in pursuing art and art education or in entering the art world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$12,500--
Prepaid Expenses and Deferred Charges$9,145$11,225▲ $2,080
Land, Buildings, and Equipment, Net$9,740--
Cash and Non-Interest-Bearing Accounts$37,970$3,300▼ $34,670
Pledges and Grants Receivable-$1,875-
Total Assets$457,500$558,947▲ $101,447
Other Assets Total$388,145$542,547▲ $154,402
Liabilities
Other Liabilities$389,468$551,470▲ $162,002
Accounts Payable and Accrued Expenses$1,369--
Total Liabilities$390,837$551,470▲ $160,633
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,663$7,477▼ $59,186
Total Net Assets Fund Balance$66,663$7,477▼ $59,186
Total Liabilities and Net Assets / Fund Balance$457,500$558,947▲ $101,447

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$542,547--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Derek PattersonExecutive DirectorPT$77,746$77,746
Christy GilmourCSOPT$69,715$69,715
Amy KeithCFOPT$8,156$8,156

Board Members and Trustees

NameTitle
Lisa OpokuPresident
Brian CohenDirector
Derek FordjourDirector
Elliot PerryDirector
Isaac FordjourDirector
Lauren KennedyDirector
Manon SlomeDirector
Yashua KlosDirector
Ed Stanton IiiSecretary
Lia FordjourTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,172
Program Service Revenue
$34,200
Investment Income
$196
Other Revenue
$0
All Other Contributions
$28,297
Change in Net Assets
$-49,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,852
Grants and Similar Amounts Paid$22,164
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$81,191-$81,191
Grants to Domestic Orgs$22,164--$22,164
Fees for Services Accounting-$3,000-$3,000
Insurance-$1,267-$1,267
Other Expenses$1,500$236-$236
All Other Expenses-$173-$173
Total Functional Expenses$23,664$90,352$0$114,016
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Contemporary Arts MemphisMemphis, TN501(c)3To Donate Leasehold Improvements and Other Materials to Contemporary Arts Memphis$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities, Operating$551,470
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The founder of the organization, derek fordjour, is a sibling to board member, isaac fordjour. Lia fordjour is isaac fordjour's spouse.”

Form 990, Part VI, Section B, Line 11B

“The organization's form 990 is available to all members of the governing board upon request.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy and disclosures are provided to and signed by board members and employees both at the time of initial affiliation and annually thereafter.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available for review by interested parties by request of the president.”

Filing and Contact Details

Filer

Filer Name
The Blue Room Foundation Inc
EIN
85-3390155
Phone
9012100116
Address
652 MARSHALL AVE, MEMPHIS, TN 38103

Signing Officer

Name
Amy Keith
Title
Chief Financial Officer
Phone
9012100116
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Keith
Formed
2020
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Lbmc Pc
Address
5100 POPLAR AVE STE 1400, MEMPHIS, TN 38137
Preparer
Chandler Eubank CPA
Phone
9016851040
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Based on the evaluation of the organization's tax positions, management believes all positions taken would more likely than not be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended december 31, 2024.”

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IRS990/PYSalariesCompEmpBnftPaidAmt094773
IRS990/PYTotalExpensesAmt0231655
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt079395
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-49448
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt034200
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0542547
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSETS, OPERATING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0551470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITIES, OPERATING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0542547
IRS990ScheduleD/TotalLiabilityAmt0551470
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVED A GRANT FROM CITY OF MEMPHIS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt022164
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LEASEHOLD IMPROVEMENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO DONATE LEASEHOLD IMPROVEMENTS AND OTHER MATERIALS TO CONTEMPORARY ARTS MEMPHIS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CONTEMPORARY ARTS MEMPHIS
IRS990ScheduleI/RecipientTable/RecipientEIN0883444325
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0652 MARSHALL AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038103
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDER OF THE ORGANIZATION, DEREK FORDJOUR, IS A SIBLING TO BOARD MEMBER, ISAAC FORDJOUR. LIA FORDJOUR IS ISAAC FORDJOUR'S SPOUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS AVAILABLE TO ALL MEMBERS OF THE GOVERNING BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY AND DISCLOSURES ARE PROVIDED TO AND SIGNED BY BOARD MEMBERS AND EMPLOYEES BOTH AT THE TIME OF INITIAL AFFILIATION AND ANNUALLY THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY INTERESTED PARTIES BY REQUEST OF THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CONTEMPORARY ARTS MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0883444325
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04655 LAUREL OAKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd038117
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt034200
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt122164
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CONTEMPORARY ARTS MEMPHIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CONTEMPORARY ARTS MEMPHIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$558,947
Liabilities
$551,470
Net assets
$7,477
Revenue
$64,568
Expenses
$114,016
Net income
-$49,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.59$5.51$0.07$0.65$1.14$0.49
2023Detailed filing. Detailed filing data is available for this year.$4.58$3.91$0.67$0.79$2.32$1.52
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.18$2.19$9.04$7.28$1.76
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$1.03$0.60$0.43