George Ignatius Foundation
- Assets
- $3.1m
- Revenue
- $2.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- Covina, CA
- Founding
- 09/1976
- Data as of
- 12/2023
- EIN
- 51-0198566
Organization Overview
George Ignatius Foundation is located in Covina, CA. The organization was established in 1976. 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. George Ignatius 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 12/2023, George Ignatius Foundation generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $241.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, George Ignatius Foundation has awarded 166 individual grants totaling $1,228,575. 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 |
|---|---|---|---|
George R Phillips Sr Chairman | 0 | $7,870 | |
Walter J Karabian Trustee | 0 | $7,870 | |
Michael R Amerian Trustee | 0 | $7,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,407 |
| Dividends & Interest | $82,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$84,022 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,610 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $70,606 |
| Contributions, gifts, grants paid | $171,000 |
| Total expenses and disbursements | $241,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,969 |
| Savings and temporary cash investments | $80,847 |
| 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 | $2,795,337 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,123,153 |
| 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, George Ignatius Foundation has awarded $171,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AID BEYOND BORDERS PURPOSE: CHARITABLE ACTIVITIES | $5,000 |
HOLY MARTYRS FERRAHIAN HIGH SCHOOL PURPOSE: CHARITABLE ACTIVITIES | $25,000 |
ARARAT HOME OF LOS ANGELES WESTSIDE PURPOSE: CHARITABLE ACTIVITIES | $5,000 |
USC GOULD SCHOOL OF LAW PURPOSE: CHARITABLE ACTIVITIES | $25,000 |
ARMENIAN BAR ASSOCIATION PURPOSE: CHARITABLE ACITIVITES | $2,500 |
ARMENIAN CHURCH WESTERN DIOCESE PURPOSE: CHARITABLE ACITIVITES | $10,000 |