Ionic Building Association
- Assets
- $211.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 08/1952
- Data as of
- 12/2020
- EIN
- 95-2051957
Organization Overview
Ionic Building Association is located in Los Angeles, CA. The organization was established in 1952. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Ionic Building Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ionic Building Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2020, Ionic Building Association generated $37.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.5% each year . All expenses for the organization totaled $53.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Bear Vice President | 2 | $0 | |
Evan A Weiss Treasurer | 4 | $0 | |
Timothy J Shiner Director | 2 | $0 | |
Daniel M Ferszt Directorbuilding Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,603 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,335 |
| Total Revenue | $37,938 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,591 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $41,803 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,885 |
| Total expenses | $53,279 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,767 |
| Other assets | $0 |
| Total assets | $211,115 |
| Total liabilities | $130,371 |
| Net assets or fund balances | $80,744 |
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