International Foundation Inc
- Assets
- $29.1m
- Revenue
- $1.1m
- Investments
- $29.0m
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 05/1955
- Data as of
- 12/2023
- EIN
- 13-1962255
Organization Overview
International Foundation Inc is located in Fairfield, NJ. The organization was established in 1955. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. International 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 12/2023, International Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. 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 Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Letitia Butler Board Chair | 20 | $27,500 | |
Douglas Walker Brd. Vice Chair | 15 | $28,750 | |
John Tyree Treasurer | 20 | $6,250 | |
Matthew Hurlock Trustee | 0 | $25,000 | |
Fernando Soto Trustee | 0 | $0 | |
Sharon Vanpelt Trustee | 0 | $18,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cullari Carrico Llc | 12/30/23 | $112,750 |
Brown Brothers Harriman | 12/30/23 | $116,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $655,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $447,309 |
| Capital Gain Net Income | $447,309 |
| Net ST Capital Gain | $447,309 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,102,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $106,250 |
| Other employee salaries and wages | $30,120 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,236 |
| Printing and publications | $0 |
| Other expenses | $75,575 |
| Total operating and administrative expenses | $508,813 |
| Contributions, gifts, grants paid | $1,201,274 |
| Total expenses and disbursements | $1,710,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,407 |
| 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 | $23,722 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,325,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,820 |
| Total assets | $29,124,849 |
| Accounts payable and accrued expenses | $54,544 |
| 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 | $57,435 |
| Total liabilities | $111,979 |
Grants Awarded
Over the last fiscal year, International Foundation Inc has awarded $930,926 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHEDULE ATTACHED PURPOSE: SEE ATTACHED | $915,926 |
GONZAGA COLLEGE HIGH SCHOOL PURPOSE: APPALACHIA PROGRAM ASSISTANCE | $15,000 |