Ingrid Mahan Foundation
- Assets
- $2.5m
- Revenue
- $365.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Bernardville, NJ
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 20-2033950
Organization Overview
Ingrid Mahan Foundation is located in Bernardville, NJ. The organization was established in 2006. 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. Ingrid Mahan Foundation 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, Ingrid Mahan Foundation generated $365.8k 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 (13.7%) each year. All expenses for the organization totaled $347.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ingrid Mahan Foundation has awarded 239 individual grants totaling $2,465,943. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED ON DECEMBER 30, 2004. DURING THE CURRENT YEAR CHARITABLE CONTRIBUTIONS WERE MADE TO VARIOUS EDUCATIONAL, MEDICAL, SOCIAL SERVICE AND RESEARCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy M Ernst Trustee | 1 | $0 | |
Robert Goldstein Trustee | 1 | $0 | |
Gary Mahan Trustee | 1 | $0 | |
Roger Mahan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $363,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,214 |
| Capital Gain Net Income | $2,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $365,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,143 |
| Total operating and administrative expenses | $27,043 |
| Contributions, gifts, grants paid | $320,700 |
| Total expenses and disbursements | $347,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,892 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,509,743 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ingrid Mahan Foundation has awarded $320,700 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HUMARE PURPOSE: VARIOUS | $4,000 |
CAMDEN ARE CHRISTIAN FOOD PANTRY PURPOSE: VARIOUS | $2,400 |
APPLETON LIBRARY PURPOSE: VARIOUS | $2,400 |
FEEDING TAMPA PURPOSE: VARIOUS | $6,000 |
CENTER FOR HOPE HOSPICE PURPOSE: VARIOUS | $15,000 |
CHOP 4 CHANGE PURPOSE: VARIOUS | $500 |