21st Century Ilgwu Heritage Fund
- Assets
- $3.1m
- Revenue
- $28.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 31-1593055
Organization Overview
21st Century Ilgwu Heritage Fund is located in New York, NY. 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. 21st Century Ilgwu Heritage Fund 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, 21st Century Ilgwu Heritage Fund generated $28.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $411.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, 21st Century Ilgwu Heritage Fund has awarded 217 individual grants totaling $2,697,604. 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 |
|---|---|---|---|
Muzaffar Chishti Executive Director | 10 | $66,000 | |
Lloyd Goldenberg Treasurer | 10 | $36,000 | |
Irwin Solomon Secretary & Director | 5 | $0 | |
Jay Mazur Chairman & President | 5 | $0 | |
Carl Proper Director | 1 | $0 | |
Roy Godson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,472 |
| Capital Gain Net Income | $7,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,779 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,250 |
| Printing and publications | $226 |
| Other expenses | $25,684 |
| Total operating and administrative expenses | $176,660 |
| Contributions, gifts, grants paid | $234,500 |
| Total expenses and disbursements | $411,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,269 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,010,620 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,115,889 |
| 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, 21st Century Ilgwu Heritage Fund has awarded $234,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT RESEARCH, DATA ANALYSIS AND POLICY RECOMMENDATIONS IN RELATIONSHIP BETWEEN THE FEDERAL AND STATE/LOCAL GOVERNMENTS IN IMMIGRATION ENFORCEMENT; STREAMLINE PROCEDURES FOR PROCESSING ASYLUM CLAIMS AT THE US SOUTHERN BORDER; AND DEVELOP PROPOSALS THAT RECONCILE IMMIGRATION AND NATIONAL SECURITY CHALLENGES. | $69,000 |
New York, NY PURPOSE: TO HELP PROVIDE SUPPORTIVE SERVICES SUCH AS NURSING AND FALL PREVENTION ASSISTANCE TO THE AGING POPULATION OF THE PENN SOUTH COOP AS IT FACES THE CONSEQUENCES OF THE COVID-19 PANDEMIC. | $15,000 |
Los Angeles, CA PURPOSE: TO SUPPORT A CAMPAIGN TO ENSURE PROMPT AND EFFECTIVE IMPLEMENTATION OF CALIFORNIA LEGISLATION SB62, LANDMARK LEGISLATION TO ELIMINATE PIECE RATE PAY SYSTEM, HOLD FASHION BRANDS LIABLE FOR WAGE VIOLATIONS AND EXPAND AUTHORITY FOR INSPECTIONS IN THE GARMENT INDUSTRY IN THE STATE. | $12,500 |
New York, NY PURPOSE: TO SUPPORT IRECLAMO!, A TECHNOLOGY PLATFORM THAT EMPOWERS LOW-WAGE WORKERS AND WORKER ADVOCATES TO IDENTIFY WAGE THEFT AND FILE CLAIMS AND RECOUP LOST WAGES. | $12,500 |
WORKING THEATER PURPOSE: TO SUPPORT A PRODUCTION OF A NYC BOROUGH TOUR "SONG ABOUT TRAINS", A PLAY TO CELEBRATE THE MULTICULTURAL CANON OF RAILROAD SONGS FROM COMMUNITIES WHO HAD A HAND IN BUILDING THE AMERICA RAILROAD SYSTEM. | $12,000 |
LABORARTSORG PURPOSE: TO SUPPORT THE ANNUAL CLARA LEMICH AWARDS, WHICH HONOR WOMEN WHO HAVE SPENT THEIR LIVES WORKING FOR THE GREATER GOOD AND TO INSPIRE OTHERS TO FOLLOW IN THEIR FOOTSTEPS. | $11,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |