Ingersoll-Rand Charitable Foundation
- Assets
- $949.4k
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Davidson, NC
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 20-2045897
Organization Overview
Ingersoll-Rand Charitable Foundation is located in Davidson, NC. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Ingersoll-Rand Charitable 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, Ingersoll-Rand Charitable Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 4 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, Ingersoll-Rand Charitable Foundation has awarded 34 individual grants totaling $12,793,866. 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
ONETEN COALITION INC.
AMERICAN ONLINE GIVING FUND
THE MANUFACTURING INSTITUTE OF WASHINGTON
EMERGENCY ASSISTANCE FOUNDATION INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia J Avedon Vice President | 0.08 | $0 | |
David S Regnery President | 0.04 | $0 | |
Carrie A Ruddy Director | 5 | $0 | |
Scott R Williams Assistant Treasurer | 0 | $0 | |
Evan M Turtz Secretary Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,200,000 |
| Interest on Savings | $21 |
| Dividends & Interest | $0 |
| 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 | $2,242 |
| Total Revenue | $5,202,263 |
| 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 | $84,650 |
| Total operating and administrative expenses | $84,650 |
| Contributions, gifts, grants paid | $7,236,802 |
| Total expenses and disbursements | $7,321,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $915,394 |
| Savings and temporary cash investments | $34,028 |
| 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 | $949,422 |
| 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, Ingersoll-Rand Charitable Foundation has awarded $7,236,802 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: TO HIRE PROMOTE AND ADVANCE ONE MILLION BLACK INDIVIDUALS WHO DO NOT HAVE A FOUR-YEAR DEGREE INTO FAMILY-SUSTAINING CAREERS OVER THE NEXT TEN YEARS | $1,500,000 |
Newark, DE PURPOSE: PRIMARILY EDUCATION | $1,363,441 |
Washington, DC PURPOSE: TO INSPIRE EDUCATE AND EMPOWER THE MANUFACTURING WORKFORCE OF TODAY AND TOMORROW. | $905,000 |
West Palm Beach, FL PURPOSE: PROVIDE DIRECT FINANCIAL SUPPORT FOR EMPLOYEES FACING CHALLENGES IN THE AFTERMATH OF NATURAL DISASTERS OR DEALING WITH HARDSHIP FROM UNFORESEEN PERSONAL EVENTS. | $600,000 |
Charlotte, NC PURPOSE: INSPIRES PHILANTHROPY AND EMPOWERS INDIVIDUALS TO CREATE A BETTER COMMUNITY. | $600,000 |
Laguna Beach, CA PURPOSE: TO IGNITE AND CULTIVATE STEM CONFIDENCE IN ALL GIRLS. | $333,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |