Ibrea Foundation
- Assets
- $1.2m
- Revenue
- $344.2k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-2331802
Organization Overview
Ibrea Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Ibrea Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibrea 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 12/2021, Ibrea Foundation generated $344.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $341.6k during the year ending 12/2021. While expenses have increased by 8.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ju Eun Shin Director/tre | OfficerTrustee | 40 | $35,600 |
Isabel Pastor Guzman Director/sec | OfficerTrustee | 40 | $35,600 |
Seung Heun Lee President/di | OfficerTrustee | 12 | $0 |
Warrington Parker Vice Preside | Officer | 5 | $0 |
Anne Covert Chair | Trustee | 5 | $0 |
Collette Hemmings Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,082 |
| Total Program Service Revenue | $63,778 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $100,000 |
| 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 | $71,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,542 |
| Payroll taxes | $5,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,851 |
| Advertising and promotion | $3,856 |
| Office expenses | $17,549 |
| Information technology | $627 |
| Royalties | $0 |
| Occupancy | $60,527 |
| Travel | $15,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,510 |
| Insurance | $0 |
| All other expenses | $2,210 |
| Total functional expenses | $341,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,827 |
| 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 | $39,645 |
| Net Land, buildings, and equipment | $678,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $60,000 |
| Intangible assets | $11,821 |
| Other assets | $43,146 |
| Total assets | $1,239,920 |
| Accounts payable and accrued expenses | $7,519 |
| 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 | $506,921 |
| Total liabilities | $514,440 |
| Net assets without donor restrictions | $725,480 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,239,920 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ibrea Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The International Academy Of Hope New York, NY | $21,778,473 | $17,024,094 |
Tisch Multiple Sclerosis Research Center Of New York Inc New York, NY | $14,119,730 | $12,621,293 |
Apbd Research Foundation Brooklyn, NY | $480,862 | $398,154 |
Ibrea Foundation New York, NY | $1,239,920 | $344,213 |
Mind Your Brain Berwyn, PA | $206,976 | $300,317 |
Bounce Out The Stigma Project Inc Allendale, NJ | $44,213 | $0 |
Pierce Family Fragile X Foundation Inc Winchester, MA | $47,634 | $0 |
Charles Maddock Foundation New York, NY | $0 | $391 |
Neuronetworks Fund Inc New Canaan, CT | $156,501 | $0 |
Irene & Eric Simon Brain Research Foundation Inc Sparta, NJ | $310,495 | $0 |
Bryces Bridge Of Hope Thorofare, NJ | $6,277 | $26 |
Brain Injury Foundation Merion Station, PA | $3,870 | $280 |