Iger Bay Foundation Ea0210983
- Assets
- $14.6m
- Revenue
- $438.4k
- Investments
- $14.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2013
- Data as of
- 12/2023
- EIN
- 80-0875813
Organization Overview
Iger Bay Foundation Ea0210983 is located in Wilmington, DE. The organization was established in 2013. 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. Iger Bay Foundation Ea0210983 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, Iger Bay Foundation Ea0210983 generated $438.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Iger Bay Foundation Ea0210983 has awarded 132 individual grants totaling $27,220,833. 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 |
|---|---|---|---|
Goldman Sachs Trust Company Administrative Trustee | 3 | $47,512 | |
Robert A Iger Individual Trustee | 1 | $0 | |
Kristine Bay Individual Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $462,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,661 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $438,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,512 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $77,838 |
| Contributions, gifts, grants paid | $3,664,000 |
| Total expenses and disbursements | $3,741,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,914 |
| Savings and temporary cash investments | $271,137 |
| 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 | $548,315 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,555,100 |
| 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 | $2,500,000 |
| Total liabilities | $2,500,000 |
Grants Awarded
Over the last fiscal year, Iger Bay Foundation Ea0210983 has awarded $3,664,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF PHILLIPS ACADEMY PURPOSE: GENERAL | $10,000 |
SESAME WORKSHOP PURPOSE: GENERAL | $5,000 |
PEN AMERICAN CENTER PURPOSE: GENERAL | $25,000 |
NEW YORK PRESBYTERIAN HOSPITAL PURPOSE: GENERAL | $100,000 |
BANK STREET COLLEGE OF EDUCATION PURPOSE: GENERAL | $10,000 |
CATHOLIC CHARITIES ARCHDIOCESE PURPOSE: GENERAL | $5,000 |