Iworks Foundation Inc
- Assets
- $726.2k
- Revenue
- $61.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-4566899
Organization Overview
Iworks Foundation Inc is located in Reston, VA. The organization was established in 2016. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iworks 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 12/2021, Iworks Foundation Inc generated $61.1k 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 (28.3%) each year.
Since 2017, Iworks Foundation Inc has awarded 75 individual grants totaling $253,910. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC SUPPORT AND THE DEVELOPMENT IN HIGHER EDUCATION
SUPPORT LOCAL POLICE ORGANIZATION TO IMPROVE LAW ENFORCEMENT OFFICERS WORKING CONDITIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kumar Gnanamurthy Treasurer | 3 | $0 | |
Kathamuthu Rajendran Secretary | 3 | $0 | |
Jothi Radhakrishnan President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,261 |
| Interest on Savings | $2,831 |
| 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 | $61,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $261 |
| Contributions, gifts, grants paid | $64,311 |
| Total expenses and disbursements | $64,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726,167 |
| 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 | $726,167 |
| 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 |
Grants Awarded
Over the last fiscal year, Iworks Foundation Inc has awarded $64,311 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DIPR-PRNO228-HONBLE CM PRESS RE PURPOSE: HEALTHCARE-COVID | $50,000 |
TN GOVT HOSPITAL PURPOSE: HEALTHCARE-COVID | $12,386 |
CHEYNEY UNIVERSITY OF PENNSYLVANIA PURPOSE: EDUCATION | $1,000 |
FCPA PURPOSE: COMMUNITY SUPPORT SERVICES | $625 |
FCPL202211 PURPOSE: COMMUNITY SUPPORT SERVICES | $250 |
New York, NY PURPOSE: HEALTHCARE | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Museum Of Art Foundation Inc Raleigh, NC | $80,876,506 | $13,828,837 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Marbles Kids Museum Raleigh, NC | $8,790,326 | $3,967,863 |
Friends Of Nc State Museum Of Natural Sciences Raleigh, NC | $9,967,287 | $3,956,524 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
Frist Art Museum Foundation Nashville, TN | $70,216,759 | $5,732,814 |
National Cryptologic Foundation Inc Glen Burnie, MD | $20,609,005 | $4,032,571 |
Kentucky Center For The Arts Foundation Inc Louisville, KY | $30,636,023 | $2,303,018 |