I W Foundation Inc
- Assets
- $5.9m
- Revenue
- $207.6k
- Investments
- $5.2m
- Employees
- 0
- Location
- Riverdale, NY
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 13-3924347
Organization Overview
I W Foundation Inc is located in Riverdale, NY. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community 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. I W 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 12/2022, I W Foundation Inc generated $207.6k 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 (10.2%) each year. All expenses for the organization totaled $486.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Seiden Chairman Of Board | 2 | $2,000 | |
Judith Levi President | 40 | $68,000 | |
Mark Levi Treasurer | 2 | $2,000 | |
Tracey Levi Director | 2 | $2,000 | |
Leslie Spiro Director | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,534 |
| Dividends & Interest | $143,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,532 |
| Capital Gain Net Income | $47,532 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $734 |
| Total Revenue | $207,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $76,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,500 |
| Interest | $0 |
| Taxes | $17,132 |
| Depreciation | $998 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,595 |
| Total operating and administrative expenses | $179,621 |
| Contributions, gifts, grants paid | $307,227 |
| Total expenses and disbursements | $486,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $640,487 |
| 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 | $5,222,635 |
| Net Land, buildings, and equipment | $3,993 |
| Other assets | $0 |
| Total assets | $5,867,115 |
| 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 | $2,863 |
| Total liabilities | $2,863 |