International Debutante Ball Foundation Inc
- Assets
- $345.2k
- Revenue
- $34.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1987
- Data as of
- 06/2021
- EIN
- 13-3416572
Organization Overview
International Debutante Ball Foundation Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. International Debutante Ball 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 06/2021, International Debutante Ball Foundation Inc generated $34.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (58.5%) each year. All expenses for the organization totaled $30.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, International Debutante Ball Foundation Inc has awarded 18 individual grants totaling $378,390. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BI-ANNUAL BALL TO RAISE FUNDS TO SUPPORT INDENTIFIED 501 (C) (3) ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BI-ANNUAL BALL TO RAISE FUNDS TO SUPPORT INDENTIFIED 501 (C) (3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Hedberg Director | Officer | 0.1 | $0 |
Margaret Hedberg Vice President | Officer | 8 | $0 |
Gregory Hedberg President | Officer | 0.5 | $0 |
Diane Rand Walman Director | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,350 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $12 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $291 |
| Total functional expenses | $30,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,854 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,930 |
| Total assets | $345,235 |
| Accounts payable and accrued expenses | $7,500 |
| Grants payable | $0 |
| Deferred revenue | $183,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $190,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $154,735 |
| Total liabilities and net assets/fund balances | $345,235 |
Grants Awarded
Over the last fiscal year, International Debutante Ball Foundation Inc has awarded $80,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS | $16,750 |
New York, NY PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS | $16,750 |
New York, NY PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS | $16,750 |
New Haven, CT PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS | $10,000 |
New Haven, CT PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS | $10,000 |
New Haven, CT PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Debutante Ball Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Globe Foundation Scottsdale, AZ PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of The Capital Region Enola, PA | $30,416,646 | $10,642,115 |
United Way Of Northern New Jersey Inc Cedar Knolls, NJ | $17,018,206 | $10,490,738 |
United Way Of Westchester And Putnam Inc White Plains, NY | $5,306,671 | $10,280,091 |
United Way Of Southeastern Conn Inc Gales Ferry, CT | $10,705,205 | $8,943,002 |
United Way Of Central Massachusetts Inc Worcester, MA | $17,606,516 | $12,267,996 |
Mosaic & Terrazzo Welfare Fund Long Island City, NY | $7,395,380 | $7,617,875 |
Major League Baseball Charities Inc New York, NY | $2,315,439 | $9,095,032 |
Supreme Council Benevolent Foundation Lexington, MA | $125,656,047 | $11,525,847 |
United Way Of Wyoming Valley Wilkes Barre, PA | $25,303,702 | $9,071,760 |
United Way Of Western Connecticut Inc Danbury, CT | $8,563,444 | $6,698,403 |
The Jewish Federation Of Greater New Haven Inc Woodbridge, CT | $16,539,651 | $6,887,092 |
Federation Of Protestant Welfare Agencies Inc New York, NY | $89,939,475 | $9,007,528 |