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Foundation Blue Inc Of Ri

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464671142 ✦ Westerly, RI ✦ Designated as a 501(c)(3)

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Overview

What is Foundation Blue Inc Of Ri?

Foundation Blue Inc of RI is a nonprofit organization committed to serving the financial needs of the impoverished, distressed, and underserved community, specifically within the local and Volkswagen-related setting. Their mission extends beyond just financial aid, as they also offer scholarships to two community colleges for students pursuing automotive technology majors. This holistic approach aims to uplift and empower individuals in their chosen field and community.


Official website here: www.foundationblue.org

Is Foundation Blue Inc Of Ri legitimate?

Foundation Blue Inc Of Ri is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Blue Inc Of Ri submitted a form 990EZ, 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.


Official website here: www.foundationblue.org

What is the mission statement of Foundation Blue Inc Of Ri?

Foundation Blue Inc of RI is committed to providing financial assistance to those who are economically disadvantaged and distressed within their community, with a focus on those associated with Volkswagen. Additionally, the organization offers scholarships to two local community colleges for students pursuing degrees in automotive technology. The primary objective of Foundation Blue Inc of RI is to extend financial services to the underprivileged population.


Official website here: www.foundationblue.org

Who is the CEO of Foundation Blue Inc Of Ri?

Unavailable


Official website here: www.foundationblue.org

What is the revenue of Foundation Blue Inc Of Ri?

Foundation Blue Inc Of Ri's revenue in 2022 was $75,240.


Official website here: www.foundationblue.org

Who are the executives of Foundation Blue Inc Of Ri and what are their salaries?


Here are 2 key members and their salaries:


Nancy Derochambeau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juston Santos (Executive Assistant)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.foundationblue.org

Where can I find the form 990EZ for Foundation Blue Inc Of Ri?

Foundation Blue Inc Of Ri's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.foundationblue.org

Learn more at the official website: www.foundationblue.org

Mission Statement of Foundation Blue Inc Of Ri

Foundation Blue Inc. of RI is a nonprofit organization that is committed to providing financial assistance to the underprivileged and distressed individuals within their community, with a focus on those associated with Volkswagen. Beyond this, the organization also offers scholarships to students majoring in automotive technology at two local community colleges. The primary mission of Foundation Blue Inc. of RI is to extend financial services to the impoverished population, aiming to uplift their socioeconomic status. By providing scholarships in the field of automotive technology, the organization is not only empowering individuals with technical skills but also creating opportunities for them to secure stable employment and improve their livelihoods.

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Impact




August, 2024

Foundation Blue Inc Of Ri's impact can be seen in the positive changes it brings to the lives of the poor, distressed, and underprivileged individuals in the local community of Westerly, Rhode Island. By providing financial services to those in need, the organization is helping individuals overcome financial challenges and improve their quality of life. Additionally, offering scholarships to students majoring in automotive technology at two community colleges enables them to pursue their educational goals and build careers in a field that interests them. Through its efforts, Foundation Blue Inc Of Ri is making a valuable contribution to the community and supporting individuals in need of assistance.




This information is meant to be a general summary of Foundation Blue Inc Of Ri. 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.

Revenue
$75,240 (2022)
Expenses
$68,524 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $80,776

Assets and Liabilities:

  • Total Assets: $14,024
  • Total Liabilities: $0
  • Net Assets: $14,024

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Organization Details

Main Address

51 DUNNS CORNER ROAD, WESTERLY, RI, 02891

NTEE Category

Code: P99 - Human services

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