W Bradford Ingalls Charitable Foundation
- Assets
- $12.0m
- Revenue
- $805.8k
- Investments
- $11.8m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 20-3294470
Organization Overview
W Bradford Ingalls Charitable Foundation is located in West Palm Beach, FL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. W Bradford Ingalls Charitable 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, W Bradford Ingalls Charitable Foundation generated $805.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $618.2k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, W Bradford Ingalls Charitable Foundation has awarded 207 individual grants totaling $2,900,744. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan D Ingalls Trustee | 7 | $16,000 | |
Raymond M Masciarella II Trustee | 5 | $16,000 | |
Karen R Masciarella Trustee | 4 | $16,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo# 9510 | 12/30/23 | $74,492 |
Raymond M Masciarella Ii Pa | 12/30/23 | $153,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,029 |
| Dividends & Interest | $243,867 |
| Net Rental Income | $90,967 |
| Net Gain on Sale of Assets | $402,408 |
| Capital Gain Net Income | $402,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,508 |
| Total Revenue | $805,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,327 |
| Total operating and administrative expenses | $297,661 |
| Contributions, gifts, grants paid | $320,500 |
| Total expenses and disbursements | $618,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,251 |
| 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 | $11,417,835 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,952,530 |
| 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, W Bradford Ingalls Charitable Foundation has awarded $320,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA HISTORICAL SOCIETY PURPOSE: CONTRIBUTION | $25,000 |
ALPHA MINISTRIES PURPOSE: CONTRIBUTION | $15,000 |
CONNECTION EDUCATION CENTER PURPOSE: CONTRIBUTION | $10,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: CONTRIBUTION | $37,500 |
MOVIES MAKING A DIFFERENCE PURPOSE: CONTRIBUTION | $10,000 |
JUPITER MEDICAL CENTER PURPOSE: CONTRIBUTION | $7,000 |