Ibex Foundation
- Assets
- $3.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-2217488
Organization Overview
Ibex Foundation is located in Laguna Beach, CA. The organization was established in 2019. 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. Ibex 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 12/2023, Ibex Foundation generated $145.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.3% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
LGBT YOUTH SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Sorenson President | 0 | $0 | |
Eleanor Sorenson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,453 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $21,173 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $145 |
| Total Revenue | $145,771 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,027 |
| Total expenses | $167,427 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,241 |
| Other assets | $0 |
| Total assets | $3,241 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,241 |