Ignite Cultural Solutions Foundation
- Assets
- $383.5k
- Revenue
- $1.5m
- Investments
- $79.6k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-3439501
Organization Overview
Ignite Cultural Solutions Foundation is located in Long Beach, CA. The organization was established in 2017. 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. Ignite Cultural Solutions 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 12/2022, Ignite Cultural Solutions Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ignite Cultural Solutions Foundation has awarded 58 individual grants totaling $4,828,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise S Ukleja Chairman/president | 0.1 | $0 | |
Carol M Tambellini Treasurer | 0.1 | $0 | |
Jeff Schoenfeld Vice President | 0.1 | $0 | |
Cathy Hollenbeck Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,001,811 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $521,458 |
| Capital Gain Net Income | $521,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,531,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $199 |
| Total operating and administrative expenses | $26,063 |
| Contributions, gifts, grants paid | $1,207,200 |
| Total expenses and disbursements | $1,233,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,988 |
| 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 | $79,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $383,539 |
| 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, Ignite Cultural Solutions Foundation has awarded $1,207,200 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
49ER FOUNDATION PURPOSE: SOCIETAL | $100,000 |
BETHANY CHURCH PURPOSE: SOCIETAL | $20,000 |
BIOLA UNIVERSITY PURPOSE: EDUCATIONAL | $100,000 |
CITY TO CITY LOS ANGELES PURPOSE: SOCIETAL | $25,000 |
LONG BEACH RESCUE MISSION PURPOSE: SOCIETAL | $15,000 |
PATHWAYS TO INDEPENDENCE PURPOSE: SOCIETAL | $300,000 |