Louise H And David S Ingalls Foundation Inc
- Assets
- $38.8m
- Revenue
- $1.3m
- Investments
- $37.7m
- Employees
- 0
- Location
- Shaker Heights, OH
- Founding
- 02/1955
- Data as of
- 12/2022
- EIN
- 34-6516550
Organization Overview
Louise H And David S Ingalls Foundation Inc is located in Shaker Heights, OH. The organization was established in 1955. 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. Louise H And David S Ingalls Foundation 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 12/2022, Louise H And David S Ingalls Foundation Inc generated $1.3m 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 (7.1%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louise H And David S Ingalls Foundation Inc has awarded 294 individual grants totaling $13,239,573. 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.
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 |
|---|---|---|---|
Barbara Brown President & | 0 | $35,000 | |
Caren V Sturges Vice Pres & | 0 | $0 | |
Willard W Brown Jr Recording Se | 0 | $0 | |
Gary Dayton Treas. & Ass | 0 | $0 | |
James R Bright Asst. Sec./t | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $57,901 |
| Dividends & Interest | $874,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $415,880 |
| Capital Gain Net Income | $415,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1 |
| Total Revenue | $1,347,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186,896 |
| Total operating and administrative expenses | $401,542 |
| Contributions, gifts, grants paid | $1,900,090 |
| Total expenses and disbursements | $2,301,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,010,057 |
| 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 | $10 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,599 |
| Total assets | $38,786,686 |
| 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, Louise H And David S Ingalls Foundation Inc has awarded $1,900,090 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS NE OHIO REGION PURPOSE: HEALTH | $20,000 |
AMERICAN FRIENDS OF THE EPISCOPAL PURPOSE: EDUCATION | $50,000 |
AMERICAN UNIVERSITY IN CAIRO PURPOSE: EDUCATION | $120,000 |
BIGELOW LABORATORY FOR OCEAN SCIENC PURPOSE: ENVIRONMENTAL | $100,000 |
BLOSSOM HILL INC PURPOSE: HEALTH | $10,000 |
CAMP JOY FOUNDATION PURPOSE: EDUCATION | $35,000 |