Inclusive Foundation Endowment is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Inclusive Foundation Endowment 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, Inclusive Foundation Endowment generated $63.9k 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 (40.0%) each year. All expenses for the organization totaled $62.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $13,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,207 |
| Capital Gain Net Income | $46,207 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,336 |
| Total Revenue | $63,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,405 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,329 |
| Total operating and administrative expenses | $16,734 |
| Contributions, gifts, grants paid | $45,500 |
| Total expenses and disbursements | $62,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,646 |
| 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 | $343,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,126,795 |
| 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 | $35,000 |
| Total liabilities | $35,000 |
Over the last fiscal year, Inclusive Foundation Endowment has awarded $45,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ISHA FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $44,500 |
FOUNDATION FOR PROMOTION OF SPORTS PURPOSE: GENERAL AND UNRESTRICTED | $1,000 |