Michael Iganamort Foundation

Organization Overview

Michael Iganamort Foundation is located in Sparta, NJ. The organization was established in 1982. 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. Michael Iganamort 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 07/2021, Michael Iganamort Foundation generated $74.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $42.7k during the year ending 07/2021. While expenses have increased by 1.9% per year over the past 5 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 2015, Michael Iganamort Foundation has awarded 168 individual grants totaling $223,265. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS WERE MADE DIRECTLY TO VARIOUS CHARITABLE ORGANIZATIONS THROUGH THE FOUNDATION'S BUSINESS CHECKING ACCOUNT.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Inganamort Jr
Director
$0
Marilyn Inganamort
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $44
Dividends & Interest $14,684
Net Rental Income$0
Net Gain on Sale of Assets $5,928
Capital Gain Net Income $5,928
Net ST Capital Gain $5,928
Income Modifications $0
Profit on Inventory Sales $0
Other Income $53,720
Total Revenue $74,376

Grants Awarded

Over the last fiscal year, Michael Iganamort Foundation has awarded $31,255 in support to 20 organizations.

Grant RecipientAmount

INSTITUTE FOR EDUCATIONAL ACHIEVEME

Org PageRecipient Profile

New Milford, NJ

PURPOSE: SUPPORTING EDUCATIONAL PROGRAMSFOR STUDENTS WITH AUTISM

$8,730

ST GABRIEL'S CHURCH

PURPOSE: CONSTRUCTION AND RESTORATION OF RECTORY.

$4,000

BOY SCOUTS OF AMERICA

PURPOSE: SUPPORTING YOUTH BY COMBINING EDUCATIONAL ACTIVITIES AND LIFELONG VALUES.

$3,800

SCARC FOUNDATION

PURPOSE: PLANNING AND FUNDING PROGRAMS FOR YOUNG PEOPLE WITH DISABILITIES

$2,000

LAKELAND CHARITIES

PURPOSE: FUNDING TO SUPPORT VARIOUS CHILDRENS CHARITIES

$1,925

PROJECT SELF SUFFICIENCY

PURPOSE: SUPPORT COMMUNITY SERVICES FOR FAMILY AND PROFESSIONAL EDUCATION

$1,700
View Grant Profile

Peer Organizations

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