Ideal Foundation
- Assets
- $2.7m
- Revenue
- $300.6k
- Investments
- $2.5m
- Employees
- 0
- Location
- Clearfield, PA
- Founding
- 11/1969
- Data as of
- 06/2024
- EIN
- 23-7046799
Organization Overview
Ideal Foundation is located in Clearfield, PA. The organization was established in 1969. 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. Ideal 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 06/2024, Ideal Foundation generated $300.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $286.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ideal Foundation has awarded 269 individual grants totaling $2,026,397. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL LAND MANAGEMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Bean Trustee | 1 | $0 | |
A Alexandra Jupin Trustee | 1 | $0 | |
Tara Clifford Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,448 |
| Dividends & Interest | $41,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $248,134 |
| Capital Gain Net Income | $248,134 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,872 |
| Depreciation | $17,265 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $59,279 |
| Contributions, gifts, grants paid | $227,270 |
| Total expenses and disbursements | $286,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,875 |
| Net Accounts receivable | $3,266 |
| 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 | $568,670 |
| Net Land, buildings, and equipment | $27,183 |
| Other assets | $0 |
| Total assets | $2,680,731 |
| Accounts payable and accrued expenses | $6,587 |
| 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 | $3,808 |
| Total liabilities | $10,395 |
Grants Awarded
Over the last fiscal year, Ideal Foundation has awarded $227,270 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
INVISIBLE THEATRE PURPOSE: DONATION | $1,200 |
GRACE METHODIST CHURCH PURPOSE: DONATION | $10,000 |
WASHINGTON & JEFFERSON PURPOSE: DONATION | $1,000 |
ST PETERS UNITED CHURCH PURPOSE: DONATION | $10,000 |
JOHN MABLE RINGLING MUSEUM OF ART PURPOSE: DONATION | $4,300 |
RUSSELL SAGE COLLEGES PURPOSE: DONATION | $10,000 |