Ince Foundation Inc
- Assets
- $641.5k
- Revenue
- $48.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 14-1761628
Organization Overview
Ince Foundation Inc is located in Cambridge, MA. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ince 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, Ince Foundation Inc generated $48.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $36.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND MEDALS FUNDED BY THE INCE FOUNDATION DURING CY 2022 ARE:* INCE/USA STUDENT PAPER AND CLASSIC PAPER AWARDS WERE FUNDED TO SIX STUDENTS AND PRESENTED DURING NOISE-CON 2022 CONFERENCE. * LEO BERANEK MEDALS FOR EXCELLENCE IN NOISE CONTROL STUDIES WERE FUNDED AND AWARDED TO SIX STUDENTS.* LAYMON N. MILLER EXCELLENCE IN ACOUSTICAL CONSULTING AWARD WAS FUNDED.* MARTIN HISCHORN/IAC BEST PAPER AWARD WAS FUNDED.* FOUR HALLBERG FOUNDATION AND MICHIKO SO FINEGOLD TRAVEL AWARDS TO NOISE-CON 2022 WERE FUNDED.*THE INCE-USA SCHOLARSHIP WAS AWARDED IN 2022 AND FUNDED IN 2023.
AS PART OF ITS TECHNOLOGY FOR A QUIETER AMERICA (TQA) PROGRAM, THE INCE FOUNDATION FUNDED:* THE INCE FOUNDATION CO-SPONSORED A FOUR-DAY VIRTUAL WORKSHOP "NOISE AROUND AIRPORTS: A GLOBAL PERSPECTIVE." THE WORKSHOP WAS HOSTED BY THE NATIONAL ACADEMY OF ENGINEERING ON NOVEMBER 1-4, 2022. * A REPORT WAS PREPARED AND PRINTED IN 2022 FOR THE 2021 2-DAY TQA VIRTUAL WORKSHOP "ADVANCES IN NOISE CONTROL ENGINEERING". * COPIES OF ALL PREVIOUS TQA WORKSHOP REPORTS ARE AVAILABLE ON-LINE AT NO COST AT HTTPS://WWW.INCEUSA.ORG/PUBLICATIONS/TECHNICAL-REPORTS/.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric W Wood President | OfficerTrustee | 15 | $0 |
Gordon Ebbitt Vice President Of Development | OfficerTrustee | 4 | $0 |
Robert D Hellweg Jr Treasurer | OfficerTrustee | 15 | $0 |
James K Thompson Secretary | OfficerTrustee | 8 | $0 |
George C Maling Director | Trustee | 15 | $0 |
Patricia Davies Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,826 |
| Total Program Service Revenue | $0 |
| Investment income | $11,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,215 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $84 |
| Total functional expenses | $36,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $242,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $398,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,452 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $641,452 |
| Total liabilities and net assets/fund balances | $641,452 |