Ideals Inc
- Assets
- $40.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 10/1973
- Data as of
- 12/2023
- EIN
- 23-7315118
Organization Overview
Ideals Inc is located in Kensington, MD. The organization was established in 1973. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ideals Inc 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, Ideals Inc generated $197.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $84.8k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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 |
|---|---|---|---|
Bill Coffin President | 1 | $0 | |
Ian Masson Secretary | 1 | $0 | |
Robert Scuka Treasurer | 15 | $16,041 | |
Frances Sarradon Vice President | 1 | $0 | |
Nicole Bryan Director | 1 | $0 | |
Sharon Bryant Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,300 |
| Total Program Service Revenue | $101,503 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $27,772 |
| Total Revenue | $197,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,423 |
| Professional fees and other payments to independent contractors | $26,927 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,811 |
| Other expenses | $30,592 |
| Total expenses | $84,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,482 |
| Other assets | $0 |
| Total assets | $40,482 |
| Total liabilities | $1,588 |
| Net assets or fund balances | $38,894 |