The Ivy Foundation
- Assets
- $502.9k
- Revenue
- $97.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 52-1542302
Organization Overview
The Ivy Foundation is located in Washington, DC. The organization was established in 1988. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Ivy 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, Ivy Foundation generated $97.4k 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 (7.2%) each year. All expenses for the organization totaled $71.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE EDUCATION AND CULTURE; ENHANCE ECONOMIC EMPOWERMENT; AND PROMOTE HEALTH AND SOCIAL WELFARE THROUGH FINANCIAL SUPPORT TO COMMUNITY ORGANIZATIONS AND/OR INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS AWARDED TO YOUTH AND OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendolyn Mccarthy-Jones Attorney Advisor | OfficerTrustee | 2 | $0 |
Shana Wilson Ways & Means Chairman | OfficerTrustee | 2 | $0 |
Patricia Khan Treasurer | OfficerTrustee | 2 | $0 |
Ferial S Bishop Parliamentarian | OfficerTrustee | 2 | $0 |
Crystal Saunders Hancock Financial Secretary | OfficerTrustee | 2 | $0 |
Karyn Upshaw Nominations Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,659 |
| Membership dues | $27,783 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,178 |
| Total Program Service Revenue | $23,953 |
| Investment income | $7,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,857 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,376 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $599 |
| Information technology | $2,873 |
| Royalties | $0 |
| Occupancy | $5,103 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $209,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $502,897 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $502,897 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Ivy Foundation has recieved totaling $319.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $219 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 02/10/20 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |
United Jewish Fed Endow Fd Tr Rev 63418202 Virginia Beach, VA | $11,572,026 | $8,665,477 |
United Way Of Roanoke Valley Inc Roanoke, VA | $7,671,992 | $5,417,169 |
United Way Of Southwest Virginia Abingdon, VA | $2,938,004 | $4,536,393 |
Asian Hope Forest, VA | $2,771,563 | $4,911,610 |
United Way Of Greater Charlottesville Charlottesville, VA | $7,793,808 | $4,973,896 |
Jewish Community Federation Of Richmond Richmond, VA | $4,286,110 | $4,000,113 |
United Way Of The Virginia Peninsula Yorktown, VA | $7,731,679 | $6,479,153 |
Richmond Jewish Foundation Richmond, VA | $52,290,313 | $3,682,952 |
Association Of Small Foundations Washington, DC | $6,598,836 | $5,328,346 |
Rappahannock United Way Inc Fredericksburg, VA | $2,992,940 | $2,356,986 |
The Zanvyl And Isabelle Krieger Fund Inc Baltimore, MD | $28,391,746 | $2,380,828 |