Overview
What is Bluum Inc?
Bluum Inc, a Boise-based nonprofit organization, is dedicated to fostering Idaho's children's growth and potential by nurturing exceptional leaders and innovative schools. The organization collaborates with various funding sources, such as the J.A. and Kathryn Albertson Family Foundation and the U.S. Department of Education, to act as a funding intermediary and local advocate for entrepreneurial education ventures, particularly public charter schools. Bluum's mission is to help Idaho become a national role model in maximizing learning opportunities for children, aiming to create 20,000 new, high-performing school seats within a decade. Their activities include developing leaders, growing school models, and sharing research and learning experiences. The nonprofit is staffed by 18 dedicated individuals.
Official website here: www.bluum.org
What are the reviews and ratings of this charity?
**Bluum Inc**
**Charity Navigator Rating: Needs Improvement (2 Stars, 70%)**
Bluum Inc has received a two-star rating from Charity Navigator, highlighting a need for improvement primarily in accountability and finance. While the organization demonstrates strong governance practices with a fully independent board and a solid audit and oversight framework, there are significant concerns reflected in its financial health ratios. Notably, the organization has not achieved favorable scores in areas such as fundraising efficiency and working capital, which could impact its operational sustainability.
The accountability score is bolstered by the absence of asset diversion and strong document retention practices, although it falls short due to missing policies, such as a whistleblower policy and the absence of the tax form on the nonprofit's website. These elements can affect stakeholder trust and transparency. Additionally, while the program expense ratio is commendable, the financial strains indicated by the high liabilities relative to assets present a cautionary note regarding the organization’s fiscal management.
Unfortunately, user feedback from GreatNonprofits could not be retrieved, limiting the insight into public perception. Overall, while Bluum Inc exhibits important strengths in governance, the financial indicators suggest a pressing need for improvement to ensure long-term viability and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Bluum Inc legitimate?
Bluum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bluum Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,664,300
For more financial information, click here
Official website here: www.bluum.org
What is the mission statement of Bluum Inc?
Bluum Inc is a non-profit organization with a mission to help children in Idaho reach their fullest potential. They aim to achieve this by cultivating great leaders and promoting innovative schools, with the ultimate goal of making Idaho a national model for maximizing learning opportunities for children. Bluum has set a target to create 20,000 new, high-performing school seats in Idaho over a period of ten years. The organization works in partnership with various funding sources, including the J.A. and Kathryn Albertson Family Foundation, the U.S. Department of Education, and private and public funders, serving as a funding intermediary and local champion for entrepreneurial education ventures, particularly public charter schools.
Official website here: www.bluum.org
Who is the CEO of Bluum Inc?
Terry Ryan is the Ceo of Bluum Inc. The CEO's salary of Bluum Inc is $200,450 and their total compensation is $200,450.
Official website here: www.bluum.org
What is the revenue of Bluum Inc?
Bluum Inc's revenue in 2022 was $8,540,607.
Official website here: www.bluum.org
Who are the executives of Bluum Inc and what are their salaries?
The average compensation at Bluum Inc during 2022 was $92,461. There are 18 employees at Bluum Inc.
Here are 11 key members and their salaries (Bluum Inc's CEO's salary is $200,450 and their total compensation is $200,450):
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- Compensation: $200,450
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- Compensation: $193,450
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- Compensation: $160,450
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- Compensation: $160,450
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- Compensation: $125,337
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- Other: $0
Official website here: www.bluum.org
Where can I find the form 990 for Bluum Inc?
Bluum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bluum.org
Learn more at the official website: www.bluum.org
Mission Statement of Bluum Inc
Bluum Inc, a dedicated non-profit organization, strives to ensure Idaho's children reach their fullest potential by fostering great leaders and innovative schools. Its mission is to transform Idaho into a national model by maximizing learning opportunities for children. Bluum Inc aims to create 20,000 new, high-performing school seats in Idaho over a decade, working in partnership with the J.A. and Kathryn Albertson Family Foundation, the U.S. Department of Education, and other private and public funding sources. Serving as a funding intermediary and local champion, Bluum Inc supports entrepreneurial education ventures, particularly public charter schools, to help realize its vision of a thriving educational landscape for Idaho's children.
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Impact
October, 2024
Bluum Inc. makes a significant impact in Idaho by focusing on the development of effective leaders and innovative educational models. It aims to ensure that the state's children reach their fullest potential, setting a high standard for educational opportunities. By working to establish Idaho as a national model for maximizing learning, Bluum is not only enhancing local education but is also inspiring broader changes across the country.
By partnering with organizations such as the J.A. and Kathryn Albertson Family Foundation and the U.S. Department of Education, Bluum acts as a catalyst for entrepreneurial education ventures, particularly in the realm of public charter schools. Their efforts include developing leadership capabilities, fostering diverse school models, and sharing insights from research and successful practices.
Through these initiatives, Bluum plans to create 20,000 new high-performing school seats within a decade, significantly boosting access to quality education for Idaho's children. This commitment to cultivating educational excellence aims to transform the landscape of learning in the state, ensuring that more students have the resources and environments they need to succeed.
This information is meant to be a general summary of Bluum Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,677
- Program Service Revenue: $191,659
- Gross Receipts: $8,540,607
Assets and Liabilities:
- Total Assets: $2,587,858
- Total Liabilities: $2,524,328
- Net Assets: $63,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BACK OFFICE SUPPORT
Revenue
$191,659
Organization Details
Founding Year
2009
Phone
(208) 336-8400Principal Officer
Terry Ryan
Main Address
702 W IDAHO STREET SUITE 600, BOISE, ID, 83702
Website
www.bluum.orgNTEE Category
Code: B99 - Education
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