International Foundation Inc
- Assets
- $32.7m
- Revenue
- $1.0m
- Investments
- $32.1m
- Employees
- 0
- Location
- Fairfield, NJ
- Founding
- 05/1955
- Data as of
- 12/2021
- 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 12/2021, International Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Letitia Butler Board Chair | 20 | $35,000 | |
Douglas Walker Brd. Vice Chair | 15 | $25,000 | |
Matthew Hurlock Trustee | 0 | $25,000 | |
Hilda Arellano Trustee | 0 | $25,000 | |
John Tyree Treasurer | 20 | $25,000 | |
Gary Dicovitsky Trustee | 15 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cullari Carrico Llc | 12/30/21 | $112,348 |
Brown Brothers Harriman | 12/30/21 | $128,188 |
Cullari Carrico Llc | 12/30/21 | $112,348 |
Brown Brothers Harriman | 12/30/21 | $128,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $479,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $334,594 |
| Capital Gain Net Income | $334,594 |
| Net ST Capital Gain | $24,884 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $215,319 |
| Total Revenue | $1,029,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $25,140 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,865 |
| Printing and publications | $0 |
| Other expenses | $29,001 |
| Total operating and administrative expenses | $499,416 |
| Contributions, gifts, grants paid | $991,859 |
| Total expenses and disbursements | $1,491,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,256 |
| Savings and temporary cash investments | $498,954 |
| 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 | $41,748 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,146,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,657,229 |
| Accounts payable and accrued expenses | $29,495 |
| 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 | $90,469 |
| Total liabilities | $119,964 |
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 |
Washington, DC PURPOSE: APPALACHIA PROGRAM ASSISTANCE | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Berlin Family Charitable Foundation Dallas, TX PURPOSE: GENERAL CONTRIBUTION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |