David & Margery Inkeles Charitable Foundation
- Assets
- $8.2m
- Revenue
- $8.0m
- Investments
- $7.1m
- Employees
- 0
- Location
- Sparta, NJ
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 22-3505137
Organization Overview
David & Margery Inkeles Charitable Foundation is located in Sparta, NJ. The organization was established in 1998. 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. David & Margery Inkeles 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 12/2023, David & Margery Inkeles Charitable Foundation generated $8.0m in total revenue. All expenses for the organization totaled $611.8k during the year ending 12/2023. While expenses have increased by 46.0% per year over the past 8 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 2016, David & Margery Inkeles Charitable Foundation has awarded 201 individual grants totaling $1,188,262. 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 |
|---|---|---|---|
John Inkeles Vice President General Counsel,secreta | 1 | $0 | |
Laura Inkeles Chief Financial Officer And Treasurer | 1 | $0 | |
Charles Inkeles President | 1 | $0 | |
Barbara Inkeles Vice President Director Charitable Gi | 1 | $0 | |
William Mann Trustee And Disclaimed Funds Trustee | 1 | $0 | |
Daniel Dicarlo Trustee And Disclaimed Funds Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,877,266 |
| Interest on Savings | $209 |
| Dividends & Interest | $71,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,434 |
| Capital Gain Net Income | $3,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,952,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $599 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $5,252 |
| Contributions, gifts, grants paid | $606,500 |
| Total expenses and disbursements | $611,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,639 |
| Savings and temporary cash investments | $967,832 |
| 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 | $4,880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,155,957 |
| 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, David & Margery Inkeles Charitable Foundation has awarded $606,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL FUND | $2,000 |
ALZHEIMER'S FOUNDATION OF AMERICA PURPOSE: SUPPORT FOR DIMENTIA | $1,000 |
ALBERT EINSTEIN COLLEGE PURPOSE: RESEARCH | $1,000 |
BLAIR ACADEMY PURPOSE: GENERAL EDUCATION FUND | $100,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: GENERAL FUND | $420,000 |
DOCTORS WITHOUT BORDERS PURPOSE: SUPPORT FOR CHARITABLE PURPOSES | $1,000 |