Idex Foundation
- Assets
- $6.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1141222
Organization Overview
Idex Foundation is located in Northbrook, IL. The organization was established in 2014. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Idex 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, Idex Foundation generated $6.0m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 47.4% per year over the past 4 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.
Since 2020, Idex Foundation has awarded 171 individual grants totaling $2,354,487. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Goddard President | 3.5 | $0 | |
Bruce Manning Treasurer | 3.5 | $0 | |
Jeff Bucklew Director | 0.5 | $0 | |
Anastasia Graves Secretary | 3.5 | $0 | |
Arthur Laszlo Jr Director | 0.5 | $0 | |
Denise Cade Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $6,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $376 |
| Total operating and administrative expenses | $376 |
| Contributions, gifts, grants paid | $1,261,511 |
| Total expenses and disbursements | $1,261,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,670,116 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,670,116 |
| 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, Idex Foundation has awarded $1,261,511 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: WELFARE GRANT | $287,834 |
BOYS AND GIRLS CLUB AMERICA PURPOSE: WELFARE GRANT | $100,000 |
KIDS ABOVE ALL PURPOSE: WELFARE GRANT | $55,000 |
NORTH END COMMUNITY IMPROVEMENT PURPOSE: WELFARE GRANT | $45,300 |
BOYS AND GIRLS CLUB CHARLOTTE COUNT PURPOSE: WELFARE GRANT | $45,000 |
BOYS AND GIRLS CLUB BENTON HARBOR PURPOSE: WELFARE GRANT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Good Samaritan Hospital Foundation Inc Vincennes, IN | $4,610,658 | $1,741,371 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |