Ibm International Foundation
- Assets
- $379.7m
- Revenue
- $37.7m
- Investments
- $375.3m
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 11/1985
- Data as of
- 12/2021
- EIN
- 13-3267906
Organization Overview
Ibm International Foundation is located in Armonk, NY. The organization was established in 1985. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibm International Foundation 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 12/2021, Ibm International Foundation generated $37.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $18.9m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ibm International Foundation has awarded 5,064 individual grants totaling $31,921,686. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IBM INTERNATIONAL FOUNDATION PROVIDED EDUCATIONAL AND SKILLS PROGRAMS TO FOCUS ON SKILLS NEEDED FOR 21ST CENTURY JOBS THROUGH THE FOLLOWING PROGRAMS:P-TECH IS A GROUND BREAKING EDUCATION MODEL WHICH COMBINES PUBLIC HIGH SCHOOL AND NO-COST COMMUNITY COLLEGE WITH PREPARATION FOR "NEW COLLAR" JOBS. P-TECH STUDENTS, PRIMARILY FROM UNDER-SERVED BACKGROUNDS, GRADUATE WITH A NO-COST ASSOCIATE DEGREE, ALONG WITH WORKPLACE EXPERIENCES INCLUDING MENTORSHIPS.SKILLSBUILD OFFERS FREE LEARNING, SUPPORT, AND RESOURCES FROM SECONDARY EDUCATION (STUDENTS AGED 13-18) TO ADULTS SEEKING ENTRY-LEVEL EMPLOYMENT. SKILLSBUILD PROVIDES SKILLS FOR ENTRY-LEVEL TECH JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvind Krishna Chairman, Director | 1 | $0 | |
Justina Nixon-Saintil Director, President & Vice Chair | 10 | $0 | |
Simon J Beaumont Treasurer | 1 | $0 | |
Kathleen Mcdonald Controller | 1 | $0 | |
Frank Sedlarcik Secretary | 1 | $0 | |
Stephen Lett Assistant Controller | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibm Corporation | 12/30/21 | $211,556 |
State Street Bank & Trust Co | 12/30/21 | $315,479 |
General Assembly | 12/30/21 | $194,310 |
Kpmg Llp | 12/30/21 | $158,000 |
Experis Us Inc | 12/30/21 | $4,277,717 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,935,965 |
| Interest on Savings | $2,148 |
| Dividends & Interest | $6,852,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,884,342 |
| Capital Gain Net Income | $43,206,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,675,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $645,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,544 |
| Total operating and administrative expenses | $6,865,168 |
| Contributions, gifts, grants paid | $12,030,324 |
| Total expenses and disbursements | $18,895,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,823,404 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $2,564,457 |
| 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 | $379,735,895 |
| Accounts payable and accrued expenses | $1,494,384 |
| 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 | $1,494,384 |
Grants Awarded
Over the last fiscal year, Ibm International Foundation has awarded $13,825,120 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, SC PURPOSE: EMPLOYEE MATCHING GRANT | $7,580,025 |
COMMUNITY FOUNDATION FOR CENTRAL SAVANNAH RIVER AREA PURPOSE: SUPPORT INITIATIVES IN THE LANEY WALKER AREA OF AUGUSTA | $2,500,000 |
New York, NY PURPOSE: SUPPORTING INDIA WITH OXYGEN CONCENTRATORS DURING COVID EPIDEMIC | $1,000,000 |
SMITHSONIAN INSTITUTION - NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND C PURPOSE: SUPPORT TO PROVIDE EDUCATION ON AFRICAN AMERICAN HISTORY | $800,000 |
JOBS FOR THE FUTURE INC - SKILLBUILD PURPOSE: SUPPORTING DIGITAL AND PROFESSIONAL SKILLS FOR ADULT LEARNERS | $610,000 |
Boston, MA PURPOSE: SUPPORT FOR THE NEXT PHASE OF PTECH | $315,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ibm International Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Carnegie Corporation Of New York New York, NY PURPOSE: FOR FUNDING TEACHER ENGAGEMENT TO DEVELOP THE WATSON TEACHER ADVISOR TOOL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ibm International Foundation Armonk, NY | $379,735,895 | $37,675,246 |
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr Syracuse, NY | $54,107,460 | $23,322,409 |
American Friends Of Hebron Yeshiva Jerusalem Inc New York, NY | $25,067,213 | $12,744,013 |
American Friends Of Nishmat New York, NY | $924,715 | $3,909,273 |
American Friends Of Kollel Shaarei Simcha Inc Lakewood, NJ | $629,948 | $2,453,453 |
Worldscale Assoc Nyc Inc New York, NY | $4,101,775 | $1,283,281 |
Aleph Society Inc New York, NY | $1,195,690 | $2,418,228 |
Latin American And Caribbean Network For Democracy Inc Wayland, MA | $106,495 | $1,142,210 |
American Friends Of Sucath David Inc Brooklyn, NY | $50,628 | $601,691 |
American Friends Of Bnei Akiva Yeshivas In Israel Inc New York, NY | $232,193 | $1,234,954 |
International Grooving & Grinding Assoc Inc West Coxsackie, NY | $2,039,990 | $893,129 |
Wells Mountain Initiative Inc Bristol, VT | $3,066,989 | $541,087 |