Iimi Inc
- Assets
- $30.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 13-4077817
Organization Overview
Iimi Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Iimi 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 12/2022, Iimi Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Iimi Inc has awarded 43 individual grants totaling $3,427,560. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Gloznek Assistant Secretary | 0 | $0 | |
W Stern Director | 0 | $0 | |
R Kanner Director | 0 | $0 | |
S Wexner Pres,secy,treas,dir | 0 | $0 | |
G Levy Director | 0 | $0 | |
R Agus Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $418 |
| Dividends & Interest | $897,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $861,969 |
| Capital Gain Net Income | $861,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75,268 |
| Total Revenue | $1,835,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $22,897 |
| Taxes | $36,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $491,795 |
| Total operating and administrative expenses | $613,592 |
| Contributions, gifts, grants paid | $1,478,239 |
| Total expenses and disbursements | $2,091,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,713 |
| 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 | $30,280,427 |
| Total assets | $30,343,140 |
| Accounts payable and accrued expenses | $288 |
| Grants payable | $0 |
| Deferred revenue | $24,975 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,263 |
Grants Awarded
Over the last fiscal year, Iimi Inc has awarded $1,478,239 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MEIR & HAREL COMMUNITY EDUCATION CENTER PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S SUMMERTIME EDUCATIONAL PROGRAMMING. | $20,000 |
SACRED SPACES PURPOSE: GENERAL SUPPORT FOR ORGANIZATION'S CHARITABLE PROGRAMMING. | $10,000 |
NETWORK OF JEWISH HUMAN SERVICE AGENCIES PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S EFFORTS TO COMBAT POVERTY AND HUNGER. | $365,422 |
RAJE-USA INC PURPOSE: FUNDING TO PROVIDE SUPPORT FOR THE ORGANIZATION'S CHARITABLE PROGRAMMING'S EXPANSION TO VARIOUS CITIES THROUGHT THE COUNTRY. | $50,000 |
FOUNDATION FOR JEWISH CAMP INC PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S EDUCATIONAL SUMMERTIME PROGRAMMING. | $236,750 |
AMERICAN FRIENDS OF YAD ELIEZER INC PURPOSE: PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S EFFORT TO COMBAT POVERTY AND HUNGER. | $250,000 |