Ignite Good Foundation Inc
- Assets
- $245.6k
- Revenue
- $147.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 81-0848739
Organization Overview
Ignite Good Foundation Inc is located in New York, NY. The organization was established in 2016. 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. Ignite Good 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, Ignite Good Foundation Inc generated $147.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $216.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ignite Good Foundation Inc has awarded 22 individual grants totaling $131,722. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arianna Huffington Director / Chairperson | 2.5 | $0 | |
Agapi Stassinopoulos Director / Secretary/ Trea | 2.5 | $0 | |
Joey Hubbard CEO / President/director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $147,500 |
| 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 | $147,500 |
| 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 | $6,234 |
| Printing and publications | $0 |
| Other expenses | $202,348 |
| Total operating and administrative expenses | $213,782 |
| Contributions, gifts, grants paid | $2,572 |
| Total expenses and disbursements | $216,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,556 |
| 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 | $245,556 |
| Accounts payable and accrued expenses | $90,303 |
| 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 | $90,303 |
Grants Awarded
Over the last fiscal year, Ignite Good Foundation Inc has awarded $2,572 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: DONATION | $51 |
ALZHEIMER'S ASSOCIATION PURPOSE: DONATION | $200 |
AMERICARES PURPOSE: DONATION | $500 |
DANA FARBER CANCER INSTITUTE PURPOSE: DONATION | $51 |
HUMANE SOCIETY OF THE TRUCKEE-TAHOE PURPOSE: DONATION | $51 |
DANA FARBER CANCER INSTITUTE PURPOSE: DONATION | $51 |