Friends Of Ignota Foundation
- Assets
- $235.7k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-2731070
Organization Overview
Friends Of Ignota Foundation is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Ignota 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 12/2023, Friends Of Ignota Foundation generated $200.0k in total revenue. All expenses for the organization totaled $158.2k during the year ending 12/2023. While expenses have increased by 79.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOSTERS AND SUPPORTS INCREASED ACCESS TO EDUCATION, PARTICULARLY FOR UNDERSERVED AND DISADVANTAGED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS INCREASED ACCESS TO EDUCATION, PARTICULARLY FOR THE UNDERSERVED AND DISADVANTAGED POPULATIONS, IN FURTHERANCE OF SUCH PURPOSES, DURING 2021 THE FOUNDATION RAISED FUNDS TO MAKE FUTURE GRANTS TO FUND SCHOLARSHIPS AT THE IGNOTA FOUNDATION, A COMPANY LIMITED BY GURANTEE THAT IS A REGISTERED CHARITY IN ENGLAND AND WALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachael Bennett President | 1 | $0 | |
Cara Beatman Treasurer | 1 | $0 | |
Denise Angelo Secretary | 1 | $0 | |
Jenny Garcia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| 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 | $200,000 |
| 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 | $553 |
| Total operating and administrative expenses | $7,627 |
| Contributions, gifts, grants paid | $150,529 |
| Total expenses and disbursements | $158,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,718 |
| 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 | $235,718 |
| 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 |