Blue Room Foundation Inc
Donations deductibleRevenue
$65k
year to 31 December 2024
Expenses
$114k
year to 31 December 2024
Total assets
$559k
$551k liabilities
Net assets
$7k
assets less liabilities
Directors and trustees
10
3.7 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
5
named in Part VII
Blue Room Foundation Inc's network
10 people2 organisationsi10 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (10). Violet dotted lines (10) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
10 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 10 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Brian Cohen | Director | 2023 | 3 yrs |
| Derek Fordjour | Director | 2022 | 4 yrs |
| ED Stanton III | Company secretary | 2023 | 3 yrs |
| Elliot Perry | Director | 2023 | 3 yrs |
| Isaac Fordjour | Director | 2022 | 4 yrs |
| Lauren Kennedy | Director | 2023 | 3 yrs |
| LIA Fordjour | Treasurer | 2023 | 3 yrs |
| Lisa Opoku | President | 2022 | 4 yrs |
| Manon Slome | Director | 2023 | 3 yrs |
| Yashua Klos | Director | 2023 | 3 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
5 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Amy Keith | CFO | 2024 |
| Christy Gilmour | Cso | 2024 |
| Derek Patterson | Executive Director | 2024 |
| Leslie Bouldin | CFO | 2023 |
| Lisa Opoku | President | 2023 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Brian Cohen | Director | 1 | $0 | ||
| Derek Fordjour | Director | 5 | $0 | ||
| Isaac Fordjour | Director | 1 | $0 | ||
| Lia Fordjour | Treasurer | 1 | $0 | ||
| Lauren Kennedy | Director | 1 | $0 | ||
| Yashua Klos | Director | 1 | $0 | ||
| Lisa Opoku | President | 1 | $0 | ||
| Elliot Perry | Director | 1 | $0 | ||
| Manon Slome | Director | 1 | $0 | ||
| Ed Stanton III | Secretary | 1 | $0 | ||
| Amy Keith | CFO | 10 | $0 | $8k | |
| Christy Gilmour | Cso | 10 | $0 | $70k | |
| Derek Patterson | Executive Director | 10 | $0 | $78k |
About
- Legal name
- Blue Room Foundation Inc
- EIN
- 853390155
- Address
- 652 Marshall Ave, Memphis, TN, 38103-3315
- State
- Tennessee
- Mission
- The organization's mission is to provide education in the arts to young adults and to support artists generally, particularly those from an underpriveleged or low-income background or who would otherwise face hardship or barriers to entry in pursuing art and art education or in entering the art world. (as filed on the Form 990)
- Activity (NTEE)
- N20 Recreation and sports
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Recreation & Sports
- Size band
- 5 (IRS master file code)
- Formed
- 2020
- Principal officer
- Amy Keith (as named on the Form 990)
- IRS ruling date
- 1 July 2022
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 3, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥4years on the filingsDerek Fordjour
≥4years on the filingsIsaac Fordjour
≥4years on the filingsLisa Opoku
≥3years on the filingsBrian Cohen
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $559k
- Total liabilities
- $551k
- Net assets or fund balances
- $7k
- Contributions and grants received
- $30k
- Program service revenue
- $34k
- Grants and similar paid out
- $22k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $65k | $114k | Deficit $49k |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Contemporary Arts Memphis | To donate leasehold improvements and other materials to contemporary arts memphis | $0 |