Indian Paintbrush Foundation
- Assets
- $2.6b
- Revenue
- $1.5b
- Investments
- $2.5b
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 54-1739160
Organization Overview
Indian Paintbrush Foundation is located in Washington, DC. The organization was established in 1995. 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. Indian Paintbrush 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, Indian Paintbrush Foundation generated $1.5b in total revenue. All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 60.5% per year over the past 4 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.
Since 2020, Indian Paintbrush Foundation has awarded 28 individual grants totaling $19,742,604. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Rales Chairman/director/president | 1 | $0 | |
Queenie H Chung Vice President | 5 | $0 | |
Joseph O Bunting III Vice President | 0.5 | $0 | |
Teresa L C Baldwin Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,505,727,050 |
| Interest on Savings | $608,189 |
| Dividends & Interest | $4,096,366 |
| Net Rental Income | $10 |
| Net Gain on Sale of Assets | $10,744,975 |
| Capital Gain Net Income | $8,908,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $805,253 |
| Total Revenue | $1,521,981,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $46,926 |
| Taxes | $320,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,714,080 |
| Total operating and administrative expenses | $2,081,006 |
| Contributions, gifts, grants paid | $13,295,252 |
| Total expenses and disbursements | $15,376,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,609 |
| Savings and temporary cash investments | $120,314,555 |
| 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 | $378,092,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,617,521,485 |
| 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, Indian Paintbrush Foundation has awarded $13,295,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: GENERAL SUPPORT | $13,000,000 |
Northeast Harbor, ME PURPOSE: GENERAL SUPPORT | $200,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $12,500 |
Nashville, TN PURPOSE: GENERAL SUPPORT | $12,500 |
East Boothbay, ME PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |