2024-11-15T11:30:01-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-01-01 883621334 BBFG FOUNDATION INC BLEE 2035091698 21 TUCKAHOE ROAD TRUMBULL CT 066112100 JOHN MALFETTONE PRESIDENT 2035091698 2024-11-15 1 1 DOUGLAS FARRINGTON P00370668 6178075000 2024-11-15 2023 2024-10-15 13:58:12Z JOHN MALFETTONE 21 TUCKAHOE ROAD TRUMBULL CT 066112100 3639482 0 X BLEEDINGBLUEFORGOOD.ORG X 2022 CT PROVIDE UCONN STUDENT ATHLETES' SERVICES & MAKE FINANCIAL DONATIONS TO YOUTH CHARITIES IN CT. 6 6 1 5 0 0 579204 2903623 0 0 0 1927 0 337237 579204 3242787 20000 28000 0 0 6250 82427 0 0 0 497284 1456035 523534 1566462 55670 1676325 86398 1767146 30728 35151 55670 1731995 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 1349137 28000 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. 1349137 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 CT X THE ORGANIZATION 2035091698 21 TUCKAHOE RD TRUMBULL CT 06611 KALANA GREENE VICE PRESIDENT 2.00 X 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 MIKE BURTON VICE PRESIDENT (AS OF 11/23) 2.00 X X 0 0 0 BEN RENSHAW VICE PRESIDENT 2.00 X X 0 0 0 JARED THOMAS EXECUTIVE DIRECTOR 40.00 X 45385 0 0 LEN LASALANDRA CFO 20.00 X 0 0 0 45385 0 0 0 0 0 0 OPENDORSE 175 VARICK STREET NEW YORK NH 10014 EVENT AND ATHLETIC SERVICES 375450 PRO CAMPERS 10001 ALLIANCE RD 1 CINCINNATI OH 45242 EVENT AND ATHLETIC SERVICES 369000 2 2903623 361535 2903623 404 404 363058 361535 1523 1523 1523 261737 35160 226577 226577 OTHER REVENUE 900099 110660 110660 110660 3242787 0 0 339164 X 18000 18000 10000 10000 45385 45385 32965 32965 4077 4077 25890 25890 20515 20515 1208073 1201950 6123 104 104 1961 1961 4294 4294 5356 5356 36465 36465 EVENT EXPENSES 119187 119187 34190 34190 1566462 1349137 217325 0 78472 1402284 312722 404 7926 1804 49932 86398 1767146 30728 35151 30728 35151 X 55670 819735 912260 55670 1731995 86398 1767146 1676325 0 X 0 1 X 0 0 X 579204 2903623 3482827 579204 2903623 3482827 1210077 2272750 404 404 110660 110660 3593891 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3282947 5000 35160 40160 3242787 0 3242787 1606622 5000 35160 40160 1566462 0 1566462 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, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 35,160. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 35,160. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 8 PROGRAM SERVICE SPORTS CLINICS 197500 CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICE CLINIC MANAGEMENT 35616 0 10 0 0 0 10 233116 0 233116 SUB-SAHARAN AFRICA TO SUPPORT BASKETBALL CAMP 10000 WIRE TRANSFER 0 1 0 0 0 0 0 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. WOMEN'S BASKETBALL FUNDRAISER 24737 24737 3500 8050 4610 MEN'S BASKETBALL FUNDRAISER 237000 237000 19000 261737 261737 3500 8050 23610 35160 226577 1 WATERBURY POLICE ACTIVITY LEAGUE 64 DIVISION ST WATERBURY CT 06704 208262614 501(C)(3) 10500 0 SUPPORTING THE ORGANIZATION'S PROGRAMS RYAN MARTIN FOUNDATION INC PO BOX 7 NORWALK CT 06852 452647478 501(C)(3) 7500 0 SUPPORTING THE ORGANIZATION'S 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. X 5 361535 TRADE PRICE 0 0 0 0 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 6,123. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,123. DOMESTIC ATHLETES: PROGRAM SERVICE EXPENSES 260,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 260,000. SPORTS CLINICS AND OTHER EVENTS: PROGRAM SERVICE EXPENSES 744,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 744,450. FOREIGN ATHLETES: PROGRAM SERVICE EXPENSES 197,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 197,500.