Civic Intelligence

Blais Foundation

990 • Fiscal year 2020 • EIN 95-4729463

Jul 01, 2020 to Jul 20, 2020 • Filed on Feb 08, 2021

Organization ProfileN/A
150 E Tenth StreetClaremont, CA 91711

(909) 621-8043

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $9,983,042 (-100%) from 2019

Net Assets

Down

$0

Down $9,983,042 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses

Revenue

Down

$239,814

Down $339,721 (-59%) from 2019

Expenses

Up

$10,238,534

Up $9,893,534 (+2868%) from 2019

Net Income

Down

-$9,998,720

Down $10,233,255 (-4363%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $6,362,402Liabilities 2010: $0Net Assets 2010: $6,362,4022010Assets 2011: $7,490,641Liabilities 2011: $0Net Assets 2011: $7,490,6412011Assets 2012: $7,267,434Liabilities 2012: $0Net Assets 2012: $7,267,4342012Assets 2013: $7,877,207Liabilities 2013: $0Net Assets 2013: $7,877,2072013Assets 2014: $9,131,134Liabilities 2014: $0Net Assets 2014: $9,131,1342014Assets 2015: $8,990,186Liabilities 2015: $0Net Assets 2015: $8,990,1862015Assets 2016: $8,710,165Liabilities 2016: $0Net Assets 2016: $8,710,1652016Assets 2017: $9,373,045Liabilities 2017: $0Net Assets 2017: $9,373,0452017Assets 2018: $9,858,903Liabilities 2018: $0Net Assets 2018: $9,858,9032018Assets 2019: $9,983,042Liabilities 2019: $0Net Assets 2019: $9,983,0422019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2020: $9,998,720Liabilities 2020: $0Net Assets 2020: $9,998,7202020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $450,0002010Revenue 2011: $227,034Expenses 2011: $325,000Net Income 2011: -$97,9662011Expenses 2012: $150,0002012Revenue 2013: $300,967Expenses 2013: $525,000Net Income 2013: -$224,0332013Revenue 2014: $486,666Expenses 2014: $330,000Net Income 2014: $156,6662014Revenue 2015: $501,581Expenses 2015: $330,000Net Income 2015: $171,5812015Revenue 2016: $434,258Expenses 2016: $345,000Net Income 2016: $89,2582016Revenue 2017: $398,226Expenses 2017: $345,000Net Income 2017: $53,2262017Revenue 2018: $628,698Expenses 2018: $345,000Net Income 2018: $283,6982018Revenue 2019: $579,535Expenses 2019: $345,000Net Income 2019: $234,5352019Revenue 2020: $239,814Expenses 2020: $10,238,534Net Income 2020: -$9,998,7202020Revenue 2020: $490,011Expenses 2020: $345,000Net Income 2020: $145,0112020

Highlighted filing

2020

Revenue$239,814
Expenses$10,238,534
Net Income-$9,998,720
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jul 20, 2020
Signed
Feb 8, 2021
Return Version
2020v4.0
Gross Receipts
$239,814
Mission and Program Overview

Mission

The Foundation was created to support Claremont Graduate University's intercollegiate programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,998,720$0▼ $9,998,720
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$9,998,720$0▼ $9,998,720
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,998,720$0▼ $9,998,720
Total Net Assets Fund Balance$9,998,720$0▼ $9,998,720
Total Liabilities and Net Assets / Fund Balance$9,998,720$0▼ $9,998,720
Compensation and Service Providers

Employees

NameTitleOtherTotal
Leonard JessupChair$67,076$67,076
Patricia EastonOfficer$38,099$38,099
Leslie NegrittoDirector$37,142$37,142

Board Members and Trustees

NameTitle
Jacob AdamsFormer Chair
Allen OmotoDirector
Robert LovelaceDirector
Joseph HoughSecretary
James IrwinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$239,814
Other Revenue
$0
Change in Net Assets
$-9,998,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,238,534
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,238,534--$10,238,534
Total Functional Expenses$10,238,534$0$0$10,238,534
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Claremont Graduate UniversityClaremont, CA501(c)3Teaching and Research Awards$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 4

“The organization has filed the certificate of election to wind up and dissolve with the california secretary of state.”

Form 990, Part VI, Section A, Line 7A

“Three directors of the blais foundation are selected by the trustees or directors of claremont graduate university. There are also two family directors, initially named as jon lovelace and james lovelace. In the event that either of the initial directors becomes unable or unwilling to serve, jon lovelace or any succeeding family director shall have the ability to appoint a successor.”

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

“The form 990 is reviewed by the treasurer of the organization and the final draft of the form 990 is provided to each officer and director prior to filing.”

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

“The foundation distributes a questionnaire annually to all officers and directors. The questionnaires are collected by the treasurer and the results reported to the board.”

Form 990, Part VI, Section B, Line 15

“The foundation does not have a compensation policy because it does not pay any compensation.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents and conflict of interest policy are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Blais Foundation
EIN
95-4729463
Phone
9096218043
Address
150 E TENTH STREET, CLAREMONT, CA 91711

Signing Officer

Name
Leslie Negritto
Title
Director
Phone
9096218043
Signed
2021-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leonard Jessup
Formed
1999
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Moss Adams Llp
Address
3121 W MARCH LN STE 200, STOCKTON, CA 95219-2367
Preparer
Tracy S Paglia
Phone
2099556100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Blais foundation ceased operations on july 20, 2020. Please refer to schedule n for more information.”

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt012187
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JACOB ADAMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt035881
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: COMPENSATION COMMITTEE AND COMPENSATION SURVEY OR STUDY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CLAREMONT GRADUATE UNIVERSITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-07-20
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0951664100
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt010149530
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0150 E TENTH ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0CLAREMONT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd091710
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0EXPLANATION OF INVOLVEMENT: CURRENT OFFICERS, DIRECTORS AND A FORMER OFFICER OF THE FILING ORGANIZATION ARE ALSO CURRENT OFFICERS AND A FORMER OFFICER OF CLAREMONT GRADUATE UNIVERSITY, A RELATED TAX-EXEMPT ORGANIZATION: LEONARD JESSUP, PRESIDENTLESLIE NEGRITTO, VP/TREASURERPATRICIA EASTON, EVP/ PROVOSTJACOB ADAMS, FORMER PRESIDENT
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BLAIS FOUNDATION CEASED OPERATIONS ON JULY 20, 2020. PLEASE REFER TO SCHEDULE N FOR MORE INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS FILED THE CERTIFICATE OF ELECTION TO WIND UP AND DISSOLVE WITH THE CALIFORNIA SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THREE DIRECTORS OF THE BLAIS FOUNDATION ARE SELECTED BY THE TRUSTEES OR DIRECTORS OF CLAREMONT GRADUATE UNIVERSITY. THERE ARE ALSO TWO FAMILY DIRECTORS, INITIALLY NAMED AS JON LOVELACE AND JAMES LOVELACE. IN THE EVENT THAT EITHER OF THE INITIAL DIRECTORS BECOMES UNABLE OR UNWILLING TO SERVE, JON LOVELACE OR ANY SUCCEEDING FAMILY DIRECTOR SHALL HAVE THE ABILITY TO APPOINT A SUCCESSOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE TREASURER OF THE ORGANIZATION AND THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO EACH OFFICER AND DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION DISTRIBUTES A QUESTIONNAIRE ANNUALLY TO ALL OFFICERS AND DIRECTORS. THE QUESTIONNAIRES ARE COLLECTED BY THE TREASURER AND THE RESULTS REPORTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION DOES NOT HAVE A COMPENSATION POLICY BECAUSE IT DOES NOT PAY ANY COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CLAREMONT GRADUATE UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0951664100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 E TENTH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CLAREMONT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091711
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt09998720
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt09998720
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010238534
IRS990/TotalFunctionalExpensesGrp/TotalAmt010238534
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09998720
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt0113239
IRS990/TotalProgramServiceExpensesAmt010238534
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0239814
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$239,814
Expenses
$10,238,534
Net income
-$9,998,720
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$10.00$0.00$10.00$0.49$0.35$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.24$10.2$10.00
2019Detailed filing. Detailed filing data is available for this year.$9.98$0.00$9.98$0.58$0.35$0.23
2018Detailed filing. Detailed filing data is available for this year.$9.86$0.00$9.86$0.63$0.35$0.28
2017Detailed filing. Detailed filing data is available for this year.$9.37$0.00$9.37$0.40$0.35$0.05
2016Detailed filing. Detailed filing data is available for this year.$8.71$0.00$8.71$0.43$0.35$0.09
2015Detailed filing. Detailed filing data is available for this year.$8.99$0.00$8.99$0.50$0.33$0.17
2014Detailed filing. Detailed filing data is available for this year.$9.13$0.00$9.13$0.49$0.33$0.16
2013Summary only. Only limited summary data is available for this year.$7.88$0.00$7.88$0.30$0.53$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.27$0.00$7.27$0.15
2011Summary only. Only limited summary data is available for this year.$7.49$0.00$7.49$0.23$0.33$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$0.00$6.36$0.45