The Blue Lagoon Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARIETTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $206K in total assets. In 2024, it awarded 10 grants totaling $299K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$206K
-70.8% YoY
Annual Giving
$299K
-28.5% YoY
Grant Count
10
-16.7% YoY
Avg Grant Size
$30K
-14.2% YoY
Under IRS private-foundation payout rules, The Blue Lagoon Foundation Inc reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About The Blue Lagoon Foundation Inc
Based on IRS filings
The Blue Lagoon Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARIETTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $206K in total assets. In 2024, it awarded 10 grants totaling $299K. Net investment income was $18K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $205,822 | $704,253 | $1,373,442 |
| Revenue | $202,896 | $59,227 | $17,345 |
| Expenses | $701,327 | $728,416 | $308,112 |
| Qualifying Distributions | $691,388 | $728,416 | $308,112 |
| Net Investment Income | $17,896 | $59,227 | $17,345 |
| Distributable Amount | $20,605 | $51,119 | $73,142 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United States Olympic & Paralympic Foundation ($125,000), Purpose Built Schools - Atl ($57,000), Liftjax Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOWDOIN COLLEGE BRUNSWICK, ME | GENERAL FUND | $10,000 |
| HOWARD UNIVERSITY WASHINGTON, DC | GENERAL FUND | $7,500 |
| JOBS PARTNERSHIP WINTER PARK, FL | GENERAL FUND | $2,000 |
| LEADERSHIP PREP CHARTER SCHOOL MEMPHIS, TN | THE LEAGUE PROCTOR FEES FOR LEADERSHIP PREPARATORY CHARTER SCHOOL | $30,000 |
| LIFTJAX INC JACKSONVILLE, FL | THE LEAGUE PROCTOR FEES, TRANSPORTATION AND SNACKS FOR LONG BRANCH ELEMENTARY SCHOOL | $50,000 |
| PURPOSE BUILT SCHOOLS - ATL ATLANTA, GA | THE LEAGUE PROCTOR FEES FOR SLATER ELEMENTARY SCHOOL | $57,000 |
| THE YOUNG MENS CHRISTIAN ASSOCIATION OF FLORIDAS FIRST COAST JACKSONVILLE, FL | GENERAL FUND | $14,112 |
| TRYALL FUND JAMAICA, WI | GENERAL FUND | $2,500 |
| UNITED STATES OLYMPIC & PARALYMPIC FOUNDATION COLORADO SPINGS, CO | GENERAL FUND | $125,000 |
| WASHINGTON WARRIORS WASHINGTON, OK | GENERAL FUND | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN REID | PRESIDENT/DIRECTOR | 1 | — |
| JUDITH ROGERS | VICE PRESIDENT/DIRECTOR | 1 | — |
| JENNIFER FOOTE | SECRETARY/DIRECTOR | 1 | $2,000 |
| CHERIE WHITNEY ANDRES | TREASURER/DIRECTOR | 1 | $2,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Blue Lagoon Foundation Inc?
The Blue Lagoon Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARIETTA, GA. It holds $206K in total assets as of 2024.
How large is The Blue Lagoon Foundation Inc?
As of 2024, The Blue Lagoon Foundation Inc holds $206K in total assets with $203K in annual revenue. It awarded 10 grants totaling $299K in 2024.
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 size grants does The Blue Lagoon Foundation Inc award?
In 2024, The Blue Lagoon Foundation Inc awarded 10 grants totaling $299K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is The Blue Lagoon Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Blue Lagoon Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Blue Lagoon Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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