Ingaa Foundation
- Assets
- $3.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 09/1990
- Data as of
- 12/2023
- EIN
- 52-1667696
Organization Overview
Ingaa Foundation is located in Washington, DC. The organization was established in 1990. 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. As of 12/2023, Ingaa Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingaa Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Ingaa Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INGAA FOUNDATION, INC. (FOUNDATION) WAS FORMED TO FACILITATE THE SAFE, RELIABLE AND ENVIRONMENTALLY RESPONSIBLE CONSTRUCTION, OPERATION AND MAINTENANCE OF THE GAS INFRASTRUCTURE VALUE CHAIN SO AS TO ADVANCE THE USE AND FOR THE BENEFIT OF THE CONSUMING PUBLIC AND THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPONSORED THREE ANNUAL MEMBERSHIP MEETINGS AT WHICH THE PROGRAMMING FOCUSED ON DEVELOPMENTS AFFECTING THE NATURAL GAS TRANSMISSION PIPELINE AND COMPLEMENTARY CLEAN ENERGY INDUSTRY. THE FOUNDATION ALSO SPONSORED THREE WORKSHOPS, SIX REPORTS, EIGHT SAFETY GUIDELINES, AND ONE VIDEO THROUGHOUT THE YEAR.
THE FOUNDATION'S PRIMARY ACTIVITY IS TO SPONSOR RESEARCH AIMED AT SIGNIFICANT ISSUES RELATED TO NATURAL GAS AND COMPLEMENTARY CLEAN ENERGY USE AND SAFE, EFFICIENT PIPELINE CONSTRUCTION AND OPERATION. SINCE 1990, THE FOUNDATION HAS COMPLETED OVER 200 STUDIES, IN ADDITION TO MANY PROJECTS AND WORKSHOPS WHICH BENEFIT THE INDUSTRY. THESE PROJECTS FOCUS ON KEY INDUSTRY ISSUES, SUCH AS ENVIRONMENTAL IMPACTS OF ENERGY USE, IMPROVED PIPELINE CONSTRUCTION PRACTICES, PIPELINE SAFETY PROCEDURES, NEW TECHNOLOGIES AND MARKET OPPORTUNITIES FOR NATURAL GAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Alexander Board Member | Trustee | 0.1 | $0 |
Allan Edwards Board Member | Trustee | 0.1 | $0 |
Tim Wagner Board Member | Trustee | 0.1 | $0 |
Jonathan Noland Board Member | Trustee | 0.1 | $0 |
Jana Metcalfe-Crooks Board Member | Trustee | 0.1 | $0 |
David Bardeen Board Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Park Street Strategies Consulting | 12/30/20 | $257,025 |
The Ritz-carlton - Naples Event Venue | 12/30/20 | $161,482 |
Geosyntec Consultants Consulting | 12/30/20 | $125,000 |
Cultureiq Inc Consulting | 12/30/20 | $113,458 |
Golder Associates Inc Consulting | 12/30/20 | $109,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,109,765 |
| Investment income | $78,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,282,088 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $406,661 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $384,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,842 |
| Payroll taxes | $46,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,389 |
| Fees for services: Other | $115,245 |
| Advertising and promotion | $0 |
| Office expenses | $43,103 |
| Information technology | $34,857 |
| Royalties | $0 |
| Occupancy | $110,979 |
| Travel | $67,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $683,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,075 |
| All other expenses | $5,663 |
| Total functional expenses | $2,426,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $69,784 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,447,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,975,799 |
| Accounts payable and accrued expenses | $314,348 |
| Grants payable | $0 |
| Deferred revenue | $525,000 |
| 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 | $0 |
| Total liabilities | $839,348 |
| Net assets without donor restrictions | $2,136,451 |
| 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 | $2,975,799 |