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Nonprofit · EIN 82-5342697

BLOOM FOUNDATION INC

Tax-exempt · MORRISTOWN, NJ 07960

Financials

$1.5M$615K2023$1.8M$658K2024
Revenue Expenses · by fiscal year end
Financials of BLOOM FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,785,683$658,103$1,127,580$9,845,302$0$9,845,302
December 31, 2023990-PF$1,541,340$615,432$925,908$8,717,722$0$8,717,722
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$850,720
Dividends
$452,408
Interest
$177,549
Net rental income
$4,128
Net gain from sales of assets
$255,998
Other income
$44,880

Expenses

Grants and similar amounts paid
$517,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$571,061
Excise tax on investment income
$11,586

Balance sheet and other

Total assets, start of year
$8,717,722
Total assets, end of year
$9,845,302
Total liabilities, end of year
$0
Net assets, end of year
$9,845,302
Fair market value of assets
$11,803,159
Qualifying distributions
$571,061
Net investment income
$920,593

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAVID BLOOM
101 20TH ST THE SETAI UNIT 3307, MIAMI, FL 33139
DIRECTOR0$0
KATE BLOOM
128 WOODS LANE, WAYNE, PA 19087
DIRECTOR0$0
SARA BLOOM
111 TUNBRIDGE CIRCLE, HAVERFORD, PA 19041
DIRECTOR0$0
PAUL SCZEPANSKI
C/O BLOOM OFFICE 360 MT KEMBLE AVE, MORRISTOWN, NJ 07960
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DAVID BLOOM
101 20TH ST THE SETAI UNIT 3307, MIAMI, FL 33139
DIRECTOR0$0
KATE BLOOM
128 WOODS LANE, WAYNE, PA 19087
DIRECTOR0$0
SARA BLOOM
111 TUNBRIDGE CIRCLE, HAVERFORD, PA 19041
DIRECTOR0$0
PAUL SCZEPANSKI
C/O BLOOM OFFICE 360 MT KEMBLE AVE, MORRISTOWN, NJ 07960
DIRECTOR0$0

Address and contacts

Address (IRS master file)
360 MT KEMBLE AVE CO BLOOM OFFICE, MORRISTOWN, NJ 07960-0000
In care of
% DAVID BLOOM
Signed the 990-PF
DAVID C BLOOM, DIRECTOR
Phone
(973) 682-2698
Return prepared by
MADDALONI NYDICK & KEENAN PC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
82-5342697
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2019
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$9,845,302
Income (IRS master file)
$5,351,421

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,785,683$658,103$9,845,302XML
990-TDecember 2024–––IRS
990-PFDecember 2023$1,541,340$615,432$8,717,722XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-5342697).

Questions about BLOOM FOUNDATION INC

What is the EIN of BLOOM FOUNDATION INC?
The employer identification number (EIN) of BLOOM FOUNDATION INC is 82-5342697.
Is BLOOM FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to BLOOM FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BLOOM FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of BLOOM FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BLOOM FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of BLOOM FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does BLOOM FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,785,683, expenses of $658,103 and total assets of $9,845,302 at year end.

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