Iron One Foundation
- Assets
- $250.2k
- Revenue
- $43.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Onaway, MI
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 30-0283975
Organization Overview
Iron One Foundation is located in Onaway, MI. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron One 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 12/2021, Iron One Foundation generated $43.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $36.1k during the year ending 12/2021. 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 |
|---|---|---|---|
Ashli Brook Berry President 7/1/20-11/25/20 | 1 | $0 | |
Thomas James Moran President/secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$2,929 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,433 |
| Total Revenue | $43,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,124 |
| Depreciation | $5,260 |
| Occupancy | $3,563 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,193 |
| Total operating and administrative expenses | $17,040 |
| Contributions, gifts, grants paid | $19,031 |
| Total expenses and disbursements | $36,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,134 |
| 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 | $223,787 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $318 |
| Other assets | $0 |
| Total assets | $250,239 |
| 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, Iron One Foundation has awarded $19,031 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MCLAREN FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
AWAKEN CHURCH PURPOSE: GENERAL SUPPORT | $2,746 |
THE SALVATION ARMY PURPOSE: CHILDREN'S MINISTRIES | $2,695 |
Alpena, MI PURPOSE: GENERAL SUPPORT | $2,500 |
PATHWAY OF HOPE - THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $1,090 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iron One Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: General Use | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Kappa Kappa Gamma Foundation Dublin, OH | $48,213,422 | $9,077,849 |
Horizon Science Academy Of Lorain Lorain, OH | $7,416,204 | $11,463,711 |
Lansing Christian School Lansing, MI | $7,908,099 | $6,549,219 |
Alliance Community Schools Inc Dayton, OH | $2,196,262 | $6,414,023 |
Jewish Community Center Association Of Indianapolis Incorporated Indianapolis, IN | $4,270,447 | $7,644,985 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Dugger Union Community Schools Dugger, IN | $4,720,303 | $6,347,033 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
907 Associated School Employees Credit Union Inc Youngstown, OH | $175,293,632 | $5,241,906 |
Duneland Charter School Incorporated Porter, IN | $8,159,001 | $4,448,249 |