The Ira & Eileen Ingerman Family Foundation
- Assets
- $10.4m
- Revenue
- $72.4k
- Investments
- $10.1m
- Employees
- 0
- Location
- Souderton, PA
- Founding
- 06/1984
- Data as of
- 11/2023
- EIN
- 23-2278199
Organization Overview
The Ira & Eileen Ingerman Family Foundation is located in Souderton, PA. The organization was established in 1984. 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. Ira & Eileen Ingerman Family 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 11/2023, Ira & Eileen Ingerman Family Foundation generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $247.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ira & Eileen Ingerman Family Foundation has awarded 19 individual grants totaling $632,800. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Balick Director | 1.6 | $4,575 | |
Eileen Ingerman Chairman & President, Director | 0.5 | $0 | |
Elliott Ingerman Director | 0.5 | $0 | |
Randi Ingerman Secretary, Director | 2.67 | $8,475 | |
Gregg Stein Treasurer, Director | 0.5 | $0 | |
Amy Wood Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,705 |
| Interest on Savings | $0 |
| Dividends & Interest | $226,967 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$250,102 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,150 |
| Total Revenue | $72,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,050 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,847 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $309 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $98,388 |
| Contributions, gifts, grants paid | $148,800 |
| Total expenses and disbursements | $247,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,021 |
| 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 | $1,765,774 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,376,388 |
| Accounts payable and accrued expenses | $8,013 |
| 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 | $8,013 |
Grants Awarded
Over the last fiscal year, The Ira & Eileen Ingerman Family Foundation has awarded $148,800 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR BEN-GURION UNIVERSITY INC PURPOSE: RESILIENCE FUND | $50,000 |
MOTHER CAROLINE ACADEMY AND EDUCATION CENTER PURPOSE: FARMS FOR CITY KIDS - TRANSPORTATION FOR 5TH GRADE CLASS | $5,000 |
MEOR INC PURPOSE: BOOK FUND FOR BU MEOR PROGRAM | $1,800 |
FEEDING AMERICA PURPOSE: ENHANCING MEALCONNECT TO RESCUE MORE FOOD | $25,000 |
JEWISH VOCATIONAL SERVICE PURPOSE: ENGLISH FOR ADVANCEMENT & BRIDGES TO COLLEGE & CAREERS | $50,000 |
DIRECT RELIEF PURPOSE: TURKEY EARTHQUAKE RELIEF | $5,000 |