Civic Intelligence

Blue Foundry Charitable Foundation Inc.

990PF • Fiscal year 2022 • EIN 87-1693864

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 24, 2023

Organization Profile
7 Sylvan WayParsippany, NJ 07054

(202) 274-2027

Siviq Scores

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

Liabilities / Assets

67th percentile

0.00x

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

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Net Margin

1st percentile

-61708%

Higher net margin than 1% of similar nonprofits.

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$0

Higher top officer pay than 64% of similar nonprofits.

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

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Asset Growth

14th percentile

-16%

Faster asset growth than 14% of similar nonprofits.

2022 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$10,352,585

Down $1,982,225 (-16%) from 2021

Net Assets

Down

$10,352,585

Down $1,982,225 (-16%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$1,061

Down $8,998,939 (-100%) from 2021

Expenses

Up

$655,788

Up $528,098 (+414%) from 2021

Net Income

Down

-$654,727

Down $9,527,037 (-107%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$15M$10M$5.0M$0Assets 2021: $12,334,810Liabilities 2021: $0Net Assets 2021: $12,334,8102021Assets 2022: $10,352,585Liabilities 2022: $0Net Assets 2022: $10,352,5852022Assets 2023: $7,481,913Liabilities 2023: $0Net Assets 2023: $7,481,9132023Assets 2024: $7,250,353Liabilities 2024: $0Net Assets 2024: $7,250,3532024

Highlighted filing

2022

Assets$10,352,585
Liabilities$0
Net Assets$10,352,585
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

$10M$5.0M$0-$5.0MRevenue 2021: $9,000,000Expenses 2021: $127,690Net Income 2021: $8,872,3102021Revenue 2022: $1,061Expenses 2022: $655,788Net Income 2022: -$654,7272022Revenue 2023: $15,273Expenses 2023: $500,945Net Income 2023: -$485,6722023Revenue 2024: $9,885Expenses 2024: $349,105Net Income 2024: -$339,2202024

Highlighted filing

2022

Revenue$1,061
Expenses$655,788
Net Income-$654,727
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 24, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PATRICE PICARDPresident-$0--
JAMES NESCIVice President-$0--
KENNETH GRIMBILASVice President And Treasurer-$0--
J CHRISTOPHER ELYSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Blue Foundry Charitable Foundation Inc
EIN
87-1693864
Phone
2022742027
Address
7 SYLVAN WAY, PARSIPPANY, NJ 07054

Signing Officer

Name
James Nesci
Title
Vice President
Phone
2022742027
Signed
2023-10-24
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Llp
Address
2001 MARKET STREET SUITE 700, PHILADELPHIA, PA 19103
Preparer
Alycia Solecki
Phone
2155614200
Raw XML AppendixShowing 400 of 1,406 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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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/AnyDiversionByGranteeTxt2NO DIVERSION NOTED.
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt0WYCKOFF SENIOR CITIZENS CLUB
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt1WFFC FOUNDATION INC
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt2BERGEN COUNTY AMERICAN DREAM PROGRAM
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/DatesOfReportsByGranteeTxt0REQUESTED
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/DatesOfReportsByGranteeTxt13/29/23
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt12023-05-25
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt0TO BRING TOGETHER WYCKOFF SENIORS TO PROVIDE SOCIAL, CHARITABLE, AND EDUCATION ACTIVITIES FOR ITS MEMBERS.12/31/2022 - 3,550
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt0206 FOX HOLLOW ROAD
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt155 HARRISTOWN RD STE 106
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYBookValueAmt09637500
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt09637500
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm0BLUE FOUNDRY BANCORP
IRS990PF/AddressChangeInd0X
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IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesDsbrsChrtblAmt02444
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IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt03058
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT AND TREASURER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3SECRETARY
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt17 SYLVAN WAY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt27 SYLVAN WAY
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt37 SYLVAN WAY
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IRS990PF/Organization501c3ExemptPFInd0X
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IRS990PF/PFQualifyingDistributionsGrp/QualifyingDistributionsAmt0654492
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IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0INFORMATION RELATED TO AVAILABLE GRANTS, REQUIREMENTS AND APPLICATION PROCESS CAN BE FOUND ON THE ORGANIZATIONS WEBSITE: WWW.BLUEFOUNDRYCHARITABLEFOUNDATION.ORG/GRANT/
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientEmailAddressTxt0[email protected]
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0SARA AITKEN
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum09733878290
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt07 SYLVAN WAY SUITE 200
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0PARSIPPANY
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0GRANTS ARE TO GIVEN TO 501 C 3 PUBLIC CHARITIES THAT MEET ONE OF THE FOUR PILLARS SUPPORTED BY BFCF AND THAT OPERATE OR COVER THE COMMUNITIES SERVED BY BLUE FOUNDRY BANK. THE FOUR PILLARS ARE: EDUCATION; HEALTH AND HUMAN SERVICES; YOUTH PROGRAMS; OR AFFORDABLE HOUSING.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0GENERALLY NOVEMBER 15TH, REFER TO WEBSITE FOR FURTHER DETAILS.
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1193500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1205000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1211000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt12225000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt123500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt124500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1254150
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1263000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1275000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1283550
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1295000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt130500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0HEALTH AND HUMAN SERVICES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1YOUTH PROGRAM
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2HEALTH AND HUMAN SERVICES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt3HEALTH AND HUMAN SERVICES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt4EDUCATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt5PROMOTION OF THE BERGEN COUNTY AMERICAN DREAM FIRST TIME HOMEBUYER PROGRAM AND HOMEBUYER EDUCATION FUND

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$10,352,585
Liabilities
$0
Net assets
$10,352,585
Revenue
$1,061
Expenses
$655,788
Net income
-$654,727
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.25$0.00$7.25$0.01$0.35$0.34
2023Detailed filing. Detailed filing data is available for this year.$7.48$0.00$7.48$0.02$0.50$0.49
2022Detailed filing. Detailed filing data is available for this year.$10.4$0.00$10.4$0.00$0.66$0.65
2021Detailed filing. Detailed filing data is available for this year.$12.3$0.00$12.3$9.00$0.13$8.87