Imperial College Foundation Inc
- Assets
- $105.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1989
- Data as of
- 07/2021
- EIN
- 58-1813092
Organization Overview
Imperial College Foundation Inc is located in Atlanta, GA. The organization was established in 1989. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Imperial College 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 07/2021, Imperial College Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $3.9m during the year ending 07/2021. 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
GRANTS TO IMPERIAL COLLEGE, AND SUPPORT OF STUDENTS AND ACADEMIC RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO IMPERIAL COLLEGE, AND SUPPORT OF STUDENTS AND ACADEMIC RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Angela Hey Vice President | OfficerTrustee | 0 | $0 |
Michael Murphy President | OfficerTrustee | 0 | $0 |
Zoe Punaks Secretary/treas | OfficerTrustee | 0 | $0 |
Stephen Webb Director | Trustee | 0 | $0 |
Dr Mark Thomas Director | Trustee | 0 | $0 |
Ian Gatland Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,183,981 |
| Noncash contributions included in lines 1a–1f | $73,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,183,981 |
| Total Program Service Revenue | $0 |
| Investment income | -$1,336 |
| 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 | $1,182,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,907,918 |
| 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 | $0 |
| Fees for services: Legal | $4,799 |
| Fees for services: Accounting | $26,074 |
| 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 | $322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,791 |
| All other expenses | $0 |
| Total functional expenses | $3,943,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,686 |
| Savings and temporary cash investments | $400 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,086 |
| 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 | $105,086 |
| 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 | $105,086 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Imperial College Foundation Inc has recieved totaling $63,553.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,600 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Hodges University Inc Ft Myers, FL | $69,958,364 | $14,637,102 |
Voorhees College Denmark, SC | $34,849,156 | $40,025,778 |
Compass Rose Foundation Inc Jacksonville, FL | $51,584,568 | $19,833,051 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Bennett College Greensboro, NC | $45,162,174 | $40,377,386 |
Morris College Sumter, SC | $47,268,567 | $16,212,901 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Judson College Marion, AL | $32,056,907 | $7,964,098 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
Beacon College Prep Inc Miami Beach, FL | $12,193,654 | $7,064,402 |