Trace Bulger Foundation Corp

EIN: 844605405 501(c)(3) Health Care

Noblesville, IN

Total Revenue
$41,394
Total Expenses
$22,191
Total Assets
$19,203
Net Assets
$19,203
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IN
Principal Officer
Daniel Bulger
Phone
3176942504
Tax Period
2020-01-01 to 2020-12-31

Trace Bulger Foundation Corp, founded in 2020, is a micro nonprofit in the Health Care sector that reported $41K in total revenue in fiscal year 2020. The organization ran a surplus of $19K, a strong 46% operating margin.

Mission

Trace suffered from undiagnosed neurological issues. In an effort to assist onthers in similar situations, the foundation will work with Indiana University Neuroscience Center Art Therapy program. Indiana University Health Neuroscience Center has partnered with Herron School of Art and Design to facilitate healing through creativity. The Indiana University School of Medicine sees serious cases where people suffer from ALS, Parkinson's and other brain disorders. Many of the patients have unmet needs. There is a large group of patients who have significant components of stress, depression, anxiety, mood, fear existential challenges and questions that medication and conventional management does not address. To address these challenges doctors work with the Herron School of Art and Design to create an art therapy program. The doctors continue to develop clinical care and research. One of the doctors co-authored with Indiana University Purdue University Indianapolis professors and art thera

Program Service Accomplishments

Program 1
Expenses: $13,120 Revenue: $38,769

The funding from contributions and fundraising activities will be used to fund educational scholarships and healthcare support initiatives.

Program 2
Expenses: $4,200

The Kindness Bags program is to give random people or, people who are always thinking of others and could use a good day. The bags include age/genser specific goods. During 2020, about 50 such bags...

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The Kindness Bags program is to give random people or, people who are always thinking of others and could use a good day. The bags include age/genser specific goods. During 2020, about 50 such bags were handed out. The value of the items in the bage (no cash) have a value of less than $100.

Program 3
Expenses: $3,750 Revenue: $2,625

To support law enforcement in the county where foundation is located and to inform first responders of the possible signs of neurological issues even if previously undiagnosed.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,785
Program Service Revenue $15,275
Investment Income $0
Other Revenue $17,334
TOTAL REVENUE $41,394

Expense Breakdown

Grants Paid $20,950
Salaries & Benefits $0
Fundraising Expenses $265
Program Expenses $21,070
Other Expenses $1,241
TOTAL EXPENSES $22,191

Year-over-Year Comparison

2020 2019 Change
Revenue $41,394 N/A N/A
Expenses $22,191 N/A N/A
Net Income $19,203 N/A N/A
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
3
Independent Members
N/A
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Bulger Director 0.00
Director
$0 $0 $0
Amy Bulger Director 0.00
Director
$0 $0 $0
Kevin Bulger 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
2020 $41,394 $22,191 $19,203 $19,203
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