Irontown Foundation
- Assets
- $1.1m
- Revenue
- $163.6k
- Investments
- $28.0k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 20-8095898
Organization Overview
Irontown Foundation is located in Brooklyn, NY. The organization was established in 2008. 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. Irontown 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 06/2022, Irontown Foundation generated $163.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $398.3k during the year ending 06/2022. While expenses have increased by 21.2% per year over the past 6 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 |
|---|---|---|---|
Jay Eisenstadt President | 0.5 | $0 | |
Desiree Eisenstadt VP | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $164,300 |
| Interest on Savings | $271 |
| Dividends & Interest | $974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247 |
| Capital Gain Net Income | $247 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,171 |
| Total Revenue | $163,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $392 |
| Total operating and administrative expenses | $3,517 |
| Contributions, gifts, grants paid | $394,775 |
| Total expenses and disbursements | $398,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,010 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $397,736 |
| Total assets | $1,088,704 |
| 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, Irontown Foundation has awarded $79,418 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVAS OHAVEI TORAH PURPOSE: RELIGIOUS | $1,000 |
AMERICAN FRIENDS OF YESHIVA D'MIR I PURPOSE: RELIGIOUS | $4,000 |
AHAVAS CHESED FUND PURPOSE: BENEFITING SICK AND INDIGENT | $750 |
KOLEL NACHLAS AHRON PURPOSE: RELIGIOUS | $1,730 |
BANSALEM KOLLEL & OUTREACH CENTER PURPOSE: RELIGIOUS | $500 |
CHASDEI LEV PURPOSE: BENEFITING SICK AND INDIGENT | $5,000 |