Ichauway Inc
- Assets
- $38.0m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, GA
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 58-1824778
Organization Overview
Ichauway Inc is located in Newton, GA. The organization was established in 1988. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Ichauway 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 12/2021, Ichauway Inc generated $29.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 2.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSTANTIALLY ALL OF THE FOUNDATION'S RESOURCES ARE DEVOTED TO THE ENVIRONMENTAL RESEARCH, EDUCATION, AND CONSERVATION PROGRAMS OF THE JOSEPH W. JONES ECOLOGICAL RESEARCH CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kier Klepzig Director | 40 | $233,000 | |
Becky Gay Business Administrat | 40 | $157,820 | |
Mike Conner Scientist | 40 | $156,696 | |
Lora Smith Scientist | 40 | $143,836 | |
Steve Golladay Scientist | 40 | $135,340 | |
Kevin Mcintyre Education Coordinato | 40 | $128,441 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Cooper Carusi Architects | 12/30/21 | $551,121 |
Lra Contractors | 12/30/21 | $133,749 |
Higdon Herring | 12/30/21 | $98,041 |
Emc Engineering Services | 12/30/21 | $54,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,117,188 |
| Interest on Savings | $436 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,299 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $271,413 |
| Total Revenue | $29,470,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $233,000 |
| Other employee salaries and wages | $4,655,070 |
| Pension plans, employee benefits | $1,980,291 |
| Interest | $0 |
| Taxes | $198,594 |
| Depreciation | $1,347,006 |
| Occupancy | $329,436 |
| Travel, conferences, and meetings | $65,416 |
| Printing and publications | $12,212 |
| Other expenses | $2,509,456 |
| Total operating and administrative expenses | $11,443,986 |
| Contributions, gifts, grants paid | $14,713 |
| Total expenses and disbursements | $11,458,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,356 |
| Savings and temporary cash investments | $8,417,491 |
| Net Accounts receivable | $191,158 |
| Net Pledges Receivable | $0 |
| Grants receivable | $23,785,474 |
| 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 | $129,802 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,295,862 |
| Other assets | $0 |
| Total assets | $38,010,143 |
| Accounts payable and accrued expenses | $1,384,433 |
| Grants payable | $0 |
| Deferred revenue | $51,858 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,436,291 |
Grants Awarded
Over the last fiscal year, Ichauway Inc has awarded $14,713 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UGA RESEARCH FOUNDATION INC PURPOSE: RESEARCH | $8,092 |
UNIVERSITY OF GEORGIA PURPOSE: RESEARCH | $5,871 |
BAKER COUNTY 4-H CLUB PURPOSE: MISCELLANEOUS CONTRIBUTION | $500 |
Albany, GA PURPOSE: MISCELLANEOUS CONTRIBUTION | $250 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ichauway Inc has recieved totaling $43,400,000.
| Awarding Organization | Amount |
|---|---|
Robert W Woodruff Foundation Inc Atlanta, GA PURPOSE: 2020 CAPITAL AND OPERATING NEEDS. | $10,850,000 |
Robert W Woodruff Foundation Inc Atlanta, GA PURPOSE: 2021 CAPITAL AND OPERATING NEEDS. | $10,850,000 |
Robert W Woodruff Foundation Inc Atlanta, GA PURPOSE: 2020 CAPITAL AND OPERATING NEEDS. | $10,850,000 |
Robert W Woodruff Foundation Inc Atlanta, GA PURPOSE: 2021 CAPITAL AND OPERATING NEEDS. | $10,850,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |