Ivy Foundation
- Assets
- $99.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 41-2007768
Organization Overview
Ivy Foundation is located in Minneapolis, MN. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 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, Ivy Foundation generated $66.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.4% each year . All expenses for the organization totaled $14.0k during the year ending 12/2021. While expenses have increased by 29.7% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROMOTED AND SUPPORTED CHARITABLE AND EDUCATIONAL PROGRAMS WITHIN AND FOR THE TWIN CITIES AREA AFRICAN AMERICAN AND LATINO COMMUNITIES. A MAJOR PROGRAM IS THE COTILLION: THE COTILLION IS A FORMAL FUNDRAISING BALL HONORING THE RIGHTS OF PASSAGE OF YOUTH TO ADULTHOOD AND MATURATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aretha Green-Rupert President | 15 | $0 | |
Sharon Dykes Vice Preside | 15 | $0 | |
Linda Williams-Brettigan Financial Se | 10 | $0 | |
Jennifer Harris Secretary | 5 | $0 | |
Mary Dedeaux-Swinton Ex Officio | 2 | $0 | |
Melissa Williams Ex Officio | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,503 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$20,420 |
| Other Revenue | $0 |
| Total Revenue | $66,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,389 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,612 |
| Total expenses | $14,001 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,134 |
| Other assets | $0 |
| Total assets | $99,134 |
| Total liabilities | $0 |
| Net assets or fund balances | $99,134 |