The Blue Lagoon Foundation Inc

Private foundation · Grantmaker Orlando, FL EIN: 47-5674394

The Blue Lagoon Foundation Inc is a private foundation, based in Orlando, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $11K.

Key facts about The Blue Lagoon Foundation Inc

In short: The Blue Lagoon Foundation Inc gave $3K across 1 grant in 2025 (avg $3K), mostly in Virginia. Source: 2025 IRS Form 990-PF.

EIN
47-5674394
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$2,500
Grants made (2025)
1
Average grant
$2,500
Median grant
$2,500
Total assets
$1,708,342
Primary geography
Virginia (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.7M

+730.0% YoY

Annual Giving

$3K

-99.2% YoY

Grant Count

1

-90.0% YoY

Avg Grant Size

$3K

-91.6% YoY

Under IRS private-foundation payout rules, The Blue Lagoon Foundation Inc reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.

How The Blue Lagoon Foundation Inc gives

  • Giving fell 98% from 2022 to 2025. Method
  • In 2025 it paid out 16% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

13states

Share of the 2025 grant dollars on its one itemized grant.

Cities

WashingtonAlexandriaAtlantaBrunswickGaithersburgJacksonvilleMiamiNew YorkColorado SpingsFt LauderdaleMemphisPembroke PinesAtlantic BeachBostonChicagoColorado SpringsDenverGainesvilleGainsvilleJamaica

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M14 grants2020 11 grants2021 10 grants2022 12 grants2023 10 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $3K (2025) to $1.6M (2021). In 2025 it made 1 grant totaling $3K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Leukemia & Lymphoma Society: $3KLeukemia & Lymphoma Society$3K

The largest 2025 recipient was Leukemia & Lymphoma Society ($3K).

Grant Size Distribution

44 grants across all recorded years

33<$50K5$50–100K4$100–250K1$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 33 grants of 44 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Leukemia & Lymphoma Society Alexandria, VAGeneral Fund$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,708,342$205,822$704,253
Revenue$1,511,035$202,896$59,227
Expenses$8,515$701,327$728,416
Qualifying Distributions$2,500$691,388$728,416
Net Investment Income$11,035$17,896$59,227
Distributable Amount$15,566$20,605$51,119

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS August 25, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Blue Lagoon Foundation Inc is led by Kevin Reid, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Kevin Reid

    President & Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Judith Rogers

    Vice President & Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Young Nam

    Treasurer & Secretary

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (4)
  • Former: Cherie Whitney Andres (2020–2024) — Treasurer & Director
  • Former: Jennifer Foote (2020–2024) — Secretary & Director
  • Former: Rodney Rogers (2020–2023) — Vice President & Director
  • Former: Heather Nation-Reid (2020–2022) — Secretary & Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The Blue Lagoon Foundation Inc

How much does The Blue Lagoon Foundation Inc give each year?

The Blue Lagoon Foundation Inc gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $299K across 10 grants.

How large is The Blue Lagoon Foundation Inc?

The Blue Lagoon Foundation Inc reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does The Blue Lagoon Foundation Inc operate?

The Blue Lagoon Foundation Inc has awarded grants in Colorado, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Maryland, Maine, New York, Oklahoma, Tennessee, Virginia, Wisconsin.

What is The Blue Lagoon Foundation Inc's EIN?

The Blue Lagoon Foundation Inc's EIN (Employer Identification Number) is 47-5674394. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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