Ivy 1879 Foundation Inc
- Assets
- $3.2m
- Revenue
- $554.2k
- Investments
- $546.3k
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 22-3561344
Organization Overview
Ivy 1879 Foundation Inc is located in Princeton, NJ. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy 1879 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, Ivy 1879 Foundation Inc generated $554.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $39.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF THE EDUCATIONAL AND CULTURAL ACTIVITIES OF THE IVY CLUB AS WELL AS PROVIDING SCHOLARSHIPS, EDUCATIONAL LECTURES & DISCUSSIONS & MAINTENANCE OF HISTORIC CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO THE IVY CLUB FOR RENOVATION TO EDUCATIONAL FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Sanderson Garrett President (1/1-9/18/21) | Officer | 0.5 | $0 |
Alexander Evans Secretary/treasurer | Officer | 1 | $0 |
Bill Ughetta President (9/18-12/31/21) | Officer | 1 | $0 |
Wyatt G Rockefeller Trustee | Trustee | 0.5 | $0 |
Caroline R Shifke Trustee | Trustee | 0.5 | $0 |
Brian Mcdonald Trustee (9/18-12/31/21) | Trustee | 0.5 | $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 | $480,106 |
| Noncash contributions included in lines 1a–1f | $3,203 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,106 |
| Total Program Service Revenue | $0 |
| Investment income | $33,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,875 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $2,142 |
| Fees for services: Accounting | $13,755 |
| 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 | $580 |
| 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 | $0 |
| Total functional expenses | $39,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,750 |
| Savings and temporary cash investments | $25,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,636 |
| 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 | $2,486,326 |
| Investments—other securities | $546,255 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,225,404 |
| Accounts payable and accrued expenses | $11,153 |
| 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 | $11,153 |
| Net assets without donor restrictions | $671,649 |
| Net assets with donor restrictions | $2,542,602 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,225,404 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Ivy 1879 Foundation Inc has recieved totaling $96,203.
| Awarding Organization | Amount |
|---|---|
Dominic Moross Foundation Inc New York, NY PURPOSE: TO HELP ORG. IN ITS CHARITABLE PURPOSE | $50,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $25,650 |
Barr Foundation Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $10,000 |
Schumann Fund For New Jersey Inc Montclair, NJ PURPOSE: TRUSTEE GRANT | $4,000 |
Dan And Stacey Case Family Foundation San Francisco, CA PURPOSE: TO FURTHER ORGANIZATION'S CHARITABLE PURPOSES | $2,500 |
The Richardson Foundation Katonah, NY PURPOSE: GENERAL FUNDING | $2,000 |
Endowment Analysis
| Earnings | $23,844 |
| Net Contributions | $375,895 |
| Ending Balance | $399,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |