Ifs Family Foundation Inc
- Assets
- $7.9m
- Revenue
- $26.6k
- Investments
- $7.5m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 06-1552716
Organization Overview
Ifs Family Foundation Inc is located in Old Greenwich, CT. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifs Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ifs Family Foundation Inc generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (50.2%) each year. All expenses for the organization totaled $577.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ifs Family Foundation Inc has awarded 39 individual grants totaling $2,243,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda S Smith Vice President/secretary | 0 | $0 | |
Susan N Smith Vice President | 0 | $0 | |
Stephen D Smith President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,816 |
| Dividends & Interest | $183,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$181,993 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,805 |
| Total operating and administrative expenses | $92,805 |
| Contributions, gifts, grants paid | $485,000 |
| Total expenses and disbursements | $577,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,457 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,884,245 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ifs Family Foundation Inc has awarded $485,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOWDOIN COLLEGE PURPOSE: EDUCATION | $20,000 |
NYU HERMATOLOGY RESEARCH FUND PURPOSE: MEDICAL | $10,000 |
LITTLE STAR FOUNDATION PURPOSE: MEDICAL | $300,000 |
BREAST CANCER ALLLIANCE PURPOSE: MEDICAL | $10,000 |
RONALD MACDONALD HOUSE PURPOSE: PROVIDES A TEMPORARY "HOME AWAY FROM HOME" FOR SERIOUSLY ILL OR INJURED CHILDREN AND THEIR FAMILIES. | $25,000 |
UNIVERSITY OF WISCONSON CHILDREN'S HOSPITAL PURPOSE: HIGHEST QUALITY CARE TO AGING ADULTS WHILE OFFERING GUIDANCE AND SUPPORT TO THEIR CAREGIVERS | $100,000 |