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EIN 82-5342697

The Bloom Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Morristown
State
New Jersey
Year formed
2019
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Bloom Foundation is a corporate foundation of Johnson & Johnson that primarily funds unrestricted programs, including the Freeman College of Management and the Bison Club for football. It supports grantees such as the Mount Sinai Medical Center Foundation and made 16 grants last year. The foundation is located in Morristown, NJ.
Total revenues
$1,541,340
2023
Total expenses
$615,432
2023
Total assets
$8,717,722
2023
Num. employees
0
2023

Grants made by The Bloom Foundation

GranteeGrant descriptionAmount
Mount Sinai Medical Center FoundationUnrestricted$250,000
Bucknell UniversityBucknell Farm Project$50,000
Do the Right ThingUnrestricted$30,000
...and 6 more grants made

Personnel at The Bloom Foundation

NameTitleCompensation
David C BloomDirector$0

Financials for The Bloom Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$708,933
Investment income and dividends$473,835
Net rental income$-30,617
Net gain from sale of non-inventory assets$352,638
Gross sales of inventory$0
Miscellaneous revenues$5,934
Total revenues$1,541,340

Form 990s for The Bloom Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-07990PFView PDF
2022-122023-11-06990PFView PDF
2021-122022-11-14990PFView PDF
2020-122022-08-01990PFView PDF
Data update history
January 20, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2020
May 13, 2023
Updated personnel
Identified 4 new personnel
May 9, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
Human servicesPublic safety
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
360 MT Kemble Ave Co Bloom Office
Morristown, NJ 07960
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Morris County, NJ
Phone
(973) 682-2698
IRS details
EIN
82-5342697
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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