Iris Foundation
- Assets
- $81.6m
- Revenue
- $11.4m
- Investments
- $36.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1991
- Data as of
- 08/2021
- EIN
- 13-6977690
Organization Overview
Iris Foundation is located in New York, NY. The organization was established in 1991. 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. Iris 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 08/2021, Iris Foundation generated $11.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $14.9m during the year ending 08/2021. While expenses have increased by 8.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Weber Trustee | 0 | $0 | |
George Soros - Co Chair Trustee | 0 | $0 | |
William D Zabel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $484,445 |
| Dividends & Interest | $10,203,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $704,908 |
| Total Revenue | $11,393,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $175,000 |
| Depreciation | $2,055,425 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $713,153 |
| Total operating and administrative expenses | $2,944,032 |
| Contributions, gifts, grants paid | $12,000,541 |
| Total expenses and disbursements | $14,944,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352,748 |
| 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 | $35,989,317 |
| Net Land, buildings, and equipment | $38,216,582 |
| Other assets | $6,000,000 |
| Total assets | $81,558,647 |
| 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 | $28 |
| Total liabilities | $28 |
Grants Awarded
Over the last fiscal year, Iris Foundation has awarded $12,000,541 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BARD COLLEGE PURPOSE: ON GOING ACTIVITIES | $11,863,041 |
New York, NY PURPOSE: UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE | $125,000 |
THE WOLFSONIAN FLORIDA INTERNATIONAL UNIVERSITY PURPOSE: UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE | $7,500 |
NEW YORK UNIVERSITY - ISAW PURPOSE: UNRESTRICTED GIFT FOR DONEE'S EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |