Bloom India Development Foundation Inc

EIN: 800727023 501(c)(3) Human Services

Winchester, MA

Total Revenue
$680,325
Total Expenses
$454,526
Total Assets
$685,058
Net Assets
$685,058
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MA
Principal Officer
Dennis Mathew
Phone
2158506799
Tax Period
2023-01-01 to 2023-12-31

Bloom India Development Foundation Inc, founded in 2012, is a small nonprofit in the Human Services sector that reported $680K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $226K, a strong 33% operating margin.

Program Service Accomplishments

Program 1
Expenses: $217,191 Revenue: $590,998

Bloom India provides quality education to over 2,000 underprivileged children in our academies. Bloom India also provides full scholarships to Bloom graduates, of whom 60 high-potential students are...

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Bloom India provides quality education to over 2,000 underprivileged children in our academies. Bloom India also provides full scholarships to Bloom graduates, of whom 60 high-potential students are in higher education programs. Bloom India also has STEM centers in multiple locations which provide focused math, science, and English curriculum for the hardest to reach students. Bloom India established a meal program with freshly cooked healthy meals to support our students so they can learn without being hungry.

Program 2
Expenses: $0 Revenue: $0

We are pleased to partner with The Darsha Academy, a Pre-University Course (PUC) that prepares resilient young women for leadership and community transformation through education and character...

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We are pleased to partner with The Darsha Academy, a Pre-University Course (PUC) that prepares resilient young women for leadership and community transformation through education and character development. PUCs are similar to an 11th and 12th grade in the US. It is required for students entering university but is often unaffordable to low-income families. Darsha focuses on STEM-based curriculum to prepare young women for studying in a math and science focused university. We are excited to see young women empowered and equipped to pursue their dreams!

Program 3
Expenses: $77,947 Revenue: $0

Bloom USA - Our primary mission is to redefine the future for at-risk children in highly impoverished areas by providing world-class academies. Our vision is to provide high-quality education to...

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Bloom USA - Our primary mission is to redefine the future for at-risk children in highly impoverished areas by providing world-class academies. Our vision is to provide high-quality education to underprivileged children and break the bondage of poverty, injustice, and social discrimination.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $680,325
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $680,325

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,297
Fundraising Expenses $113,016
Program Expenses $295,138
Other Expenses $378,229
TOTAL EXPENSES $454,526

Year-over-Year Comparison

2023 2022 Change
Revenue $680,325 $813,875 -0.2%
Expenses $454,526 $718,282 -0.4%
Net Income $225,799 $95,593 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Mathew President 0.00
Director
$0 $0 $0
Robin John Director 0.00
Director
$0 $0 $0
Jocelyn Kuryan Director 0.00
Director
$0 $0 $0
Johnson Parayil Director 0.00
Director
$0 $0 $0
John Kuryan Director 0.00
Director
$0 $0 $0
Abraham Paul Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $680,325 $454,526 $685,058 $225,799
2022 $813,875 $718,282 $459,363 $95,593
2021 $1,340,373 $1,205,376 $363,770 $134,997
2020 $817,189 $602,480 $228,773 $214,709
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