The Ibis Foundation
- Assets
- $15.0m
- Revenue
- $1.2m
- Investments
- $14.0m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-3503202
Organization Overview
The Ibis Foundation is located in Scottsdale, AZ. The organization was established in 2006. 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. Ibis 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 12/2022, Ibis Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ibis Foundation has awarded 77 individual grants totaling $3,261,300. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Andriello-Higgins Co-Trustee | 1 | $0 | |
David L Higgins Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $316,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $893,548 |
| Capital Gain Net Income | $893,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,280 |
| Total Revenue | $1,211,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,069 |
| Total operating and administrative expenses | $154,345 |
| Contributions, gifts, grants paid | $1,035,000 |
| Total expenses and disbursements | $1,189,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,192 |
| Savings and temporary cash investments | $927,671 |
| 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 | $1,510,618 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,264 |
| Total assets | $14,964,149 |
| 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 | $21,955 |
| Total liabilities | $21,955 |
Grants Awarded
Over the last fiscal year, The Ibis Foundation has awarded $1,035,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW LEAF PURPOSE: HOUSING SUPPORT SERVICES | $50,000 |
ARIZONA COMMUNITY FOUNDATION PURPOSE: HOUSING FUND | $75,000 |
ARIZONA WOMENS RECOVERY CENTER PURPOSE: HOUSING PROGRAM | $50,000 |
CASS PURPOSE: FINANCIAL ASSISTANCE FOR FAMILIES MOVING | $100,000 |
CHILD CRISIS ARIZONA PURPOSE: INDEPENDENT LIVING | $75,000 |
DIANA GREGORY OUTREACH SERVICE PURPOSE: GENERAL FUND | $20,000 |