Ina Kay Foundation Inc
- Assets
- $12.0m
- Revenue
- $1.6m
- Investments
- $11.9m
- Employees
- 0
- Location
- Germantown, MD
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 36-4540423
Organization Overview
Ina Kay Foundation Inc is located in Germantown, MD. The organization was established in 2004. 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. Ina Kay 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 12/2022, Ina Kay Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 7.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Ann Kay President | 0 | $0 | |
Lauren Ann Kay Chairman | 0 | $0 | |
Lauren Ann Kay Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $406,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,168,589 |
| Capital Gain Net Income | $1,168,589 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69,254 |
| Total Revenue | $1,644,080 |
| 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 | $131,683 |
| Total operating and administrative expenses | $135,683 |
| Contributions, gifts, grants paid | $1,462,000 |
| Total expenses and disbursements | $1,597,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,985 |
| Net Accounts receivable | $227 |
| 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 | $397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,009,283 |
| 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, Ina Kay Foundation Inc has awarded $964,000 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
HADASSAH PURPOSE: VARIOUS | $50,000 |
WOUNDER WARRIORS PROJECT PURPOSE: VARIOUS | $25,000 |
JCC OF GREATER WASHINGTON PURPOSE: VARIOUS | $30,000 |
BLACKROCK CENTER FOR THE ARTS PURPOSE: VARIOUS | $20,000 |
ANIMAL WELFARE INSTITUTE PURPOSE: VARIOUS | $15,000 |
BRAIN AND BEHAVIOR RESEARCH FNDTN PURPOSE: VARIOUS | $20,000 |