Iocc Foundation Incorporated

Organization Overview

Iocc Foundation Incorporated is located in Baltimore, MD. The organization was established in 2006. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iocc Foundation Incorporated 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, Iocc Foundation Incorporated generated $342.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $143.3k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES BY RECEIVING GIFTS, DONATIONS, CONVEYANCES, DEEDS, BEQUESTS, AND DEVICES OF MONEY AND PROPERTY, AND USING THE NET INCOME FOR THE ABOVE STATED PURPOSES, IN SUPPORT OF THE WORK OF AND FOR THE BENEFIT OF IOCC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF INTERNATIONAL ORTHODOX CHRISTIAN CHARITIES, INC.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$35,833
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$110,196
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$146,029
Total Program Service Revenue$0
Investment income $112,035
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $84,477
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $342,541

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Iocc Foundation Incorporated has recieved totaling $36,446.

Awarding OrganizationAmount
International Orthodox Christian Charities Inc

Baltimore, MD

PURPOSE: TO SUPPORT IOCC FOUNDATION ADMINISTRATIVE ACTIVITIES

$35,833
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$500
Mckesson Foundation

Dallas, TX

PURPOSE: CHARITABLE

$100
Westrock Foundation

Atlanta, GA

PURPOSE: MATCHING GIFTS PROGRAM

$13
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,320,621
Earnings$461,112
Admin Expense$14,042
Net Contributions$52,950
Other Expense$78,736
Ending Balance$3,741,905

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