2023-11-15T12:06:20-06:00 2022-12-31 111986323 MARCUM LLP 555 LONG WHARF DRIVE NEW HAVEN CT 06511 990 2022-01-01 883621334 BBFG FOUNDATION INC BBFG 2035091698 21 TUCKAHOE ROAD TRUMBULL CT 066112100 SIGNING MEMEBER PRESIDENT 2035091698 2023-11-15 1 SIGNING MEMEBER 999009999 0 MARY ANTONETTI P00431862 2037819600 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JOHN MALFETTONE 21 TUCKAHOE ROAD TRUMBULL CT 066112100 579204 0 X BLEEDINGBLUEFORGOOD.ORG X 2022 CT PROVIDE UCONN STUDENT ATHLETES' SERVICES & MAKE FINANCIAL DONATIONS TO YOUTH CHARITIES IN CT. 5 5 0 30 0 0 0 579204 0 0 0 0 0 0 0 579204 0 20000 0 0 0 6250 0 0 0 0 497284 0 523534 0 55670 0 86398 0 30728 0 55670 X HELPING TO SUPPORT UCONN STUDENT ATHLETES BY PROVIDING INCOME EARNING OPPORTUNITIES THAT ASSIST CHARITABLE CAUSES, INCLUDING INTERACTIONS WITH YOUTHS FROM LOW-INCOME FAMILIES IN THE STATE OF CONNECTICUT FOR WHOM THE STUDENT ATHLETES SERVE AS ROLE MODELS. 0 0 433157 20000 BLEEDING BLUE FOR GOOD FUND (BBGF) WILL PROVIDE TAX-EXEMPT CHARITABLE ORGANIZATIONS WITH GRANTS AND STUDENT ATHLETE IN-KIND CONTRIBUTIONS OF SPORTS AND PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND PUBLIC RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES, BETTER SERVE THEIR CONSTITUENTS, AND BETTER ACHIEVE THEIR EXEMPT PURPOSES. BY DEPLOYING INTERCOLLEGIATE ATHLETES AND THE NAMES, IMAGES, AND LIKENESSES OF INTERCOLLEGIATE ATHLETES, BBGF'S SERVICES WILL INCREASE THE CONSTITUENT ORGANIZATIONS' VISIBILITY AND REACH IN THEIR COMMUNITIES AS WELL AS PROVIDE UNIQUE ATHLETIC AND PHYSICAL EDUCATION TO BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, (SEE SCHEDULE O) RAISE AWARENESS OF THE NEED OF BENEFICIARIES SERVED BY CONSTITUENT ORGANIZATIONS, ATTRACT DONORS AND VOLUNTEERS TO CONSTITUENT ORGANIZATIONS, AND ENHANCE THE CONSTITUENT ORGANIZATIONS' RELATIONSHIPS AMONG SERVED POPULATIONS. EXAMPLES OF BBGF'S SERVICES USING THE NAME, IMAGE, SPEAKING, AND LIKENESS OF INTERCOLLEGIATE ATHLETES AND INTERCOLLEGIATE ATHLETES THEMSELVES INCLUDE, BUT ARE NOT LIMITED TO, HOLDING ATHLETIC SKILL CAMPS AND PHYSICAL EDUCATION EVENTS, CONDUCTING CHARITABLE ACTIVITIES AND EVENTS, AND PROVIDING THE SERVICES OF INTERCOLLEGIATE ATHLETES AS ORGANIZATIONAL SPOKESPERSONS, MOTIVATIONAL SPEAKERS, GROUP SPEAKERS, AND ADVISORS ON RELATIONSHIPS WITH AND NEEDS OF SERVED POPULATIONS. 433157 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 X THE ORGANIZATION 2035091698 21 TUCKAHOE RD TRUMBULL CT 06611 X KALANA GREENE VICE PRESIDENT 2.00 X X 0 0 0 JONATHAN GREENBLATT DIRECTOR 2.00 X 0 0 0 MICHAEL CANTOR SECRETARY 2.00 X X 0 0 0 JOHN P MALFETTONE PRESIDENT 2.00 X X 0 0 0 RASOOL AHMED TREASURER 2.00 X X 0 0 0 0 0 0 0 0 0 0 PRO CAMPERS 10001 ALLIANCE RD 1 CINCINNATI OH 45242 EVENT AND ATHLETIC SERVICES 181500 OPENDORSE 175 VARICK STREET NEW YORK NH 10014 EVENT AND ATHLETIC SERVICES 165375 2 579204 579204 579204 0 0 0 X 20000 20000 6250 6250 449247 400875 48372 250 250 35445 35445 EVENT EXPENSES 12282 12282 SERVICE FEES 60 60 523534 433157 90377 0 0 78472 0 7926 0 86398 0 30728 0 30728 X 0 0 0 0 0 55670 0 55670 0 86398 55670 0 X 0 1 X 0 0 X 579204 579204 579204 579204 429160 150044 579204 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 579204 0 579204 0 579204 523534 0 523534 0 523534 PART X, LINE 2: THE FUND EVALUATES ALL TAX POSITIONS AS REQUIRED BY GAAP. IN JUNE 2023, THE IRS ISSUED A GENERIC LEGAL ADVICE MEMO (GLAM) IN WHICH THEY ASSERT THAT MANY NONPROFIT ORGANIZATIONS OPERATING NIL COLLECTIVES DO NOT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER IRC SECTION 501(C)(3) AS THE BENEFIT TO THE PRIVATE INTERESTS OF STUDENT-ATHLETES IS MORE THAN INCIDENTAL, BOTH QUALITATIVELY AND QUANTITATIVELY, TO THE COLLECTIVES' TAX-EXEMPT PURPOSES. THE GLAM FURTHER NOTES THAT THE IRS MAY RECONSIDER THE EXEMPT STATUS OF NIL COLLECTIVES, SUCH AS THE FUND, THAT HAVE ALREADY RECEIVED FAVORABLE IRC SECTION 501(C)(3) DETERMINATION LETTERS, BUT THAT IT MAY BE APPROPRIATE UNDER THESE CIRCUMSTANCES TO GRANT RELIEF TO THESE ORGANIZATIONS UNDER IRC SECTION 7805(B) TO LIMIT THE RETROACTIVE EFFECT OF ANY REVOCATIONS OF THEIR TAX EXEMPTION. AS OF THE DATE OF THESE FINANCIAL STATEMENTS, THE FUND HAS NOT RECEIVED A REVOCATION OF ITS 501(C)(3) STATUS, BUT BELIEVES SUCH ACTION IS LIKELY. MANAGEMENT IS CONSIDERING ALTERNATIVES TO ITS ORGANIZATIONAL STRUCTURE SHOULD SUCH A REVOCATION BE MADE BY THE IRS AND EXPECTS TO CONVERT TO A 501(C)(4) ORGANIZATION, WHICH WOULD MAINTAIN TAX-EXEMPT STATUS. THEREFORE, MANAGEMENT DOES NOT BELIEVE ANY ADDITIONAL TAX LIABILITY SHOULD BE RECORDED AS OF DECEMBER 31, 2022. CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICE SPORTS CLINICS 54000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICE CLINIC MANAGEMENT 10000 0 2 0 0 0 2 64000 0 64000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 CARDINAL SHEHAN CENTER 1494 MAIN STREET BRIDGEPORT CT 06604 061101081 501(C)(3) 10000 0 SUPPORT OF CLUB PROGRAMS HARTFORD BOYS & GIRLS CLUB 170 SIGOURNEY STREET HARTFORD CT 06105 060678537 501(C)(3) 10000 0 SUPPORT OF CLUB PROGRAMS 2 0 PART I, LINE 2: BBFG FOUNDATION, INC. PROVIDES GRANTS TO ORGANIZATIONS IT PARTNERS WITH TO PROVIDE CAMP PROGRAMS. BBFG IS INVOLVED IN THE PROVISION OF THE PROGRAMS AND PROVIDES ADDITIONAL FUNDS TO THE CHARITIES FOR USE IN THEIR EXEMPT PURPOSE. FORM 990, PART VI, SECTION A, LINE 8B N/A FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE CEO, CFO AND BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, SUCH INDIVIDUAL, AND ANY OTHER INTERESTED PERSON VIS A VIS THAT PERSON OR TRANSACTION, SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF WHETHER ANY CONFLICT OF INTEREST EXISTS IS DISCUSSED AND VOTED UPON. THE REMAINING DISINTERESTED BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,372. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,372. MANAGING EVENTS & PAYMENTS TO ATHLETES: PROGRAM SERVICE EXPENSES 346,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 346,875. FOREIGN ATHLETES: PROGRAM SERVICE EXPENSES 54,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,000.