Interchange Foundation Inc
- Assets
- $496.9k
- Revenue
- $33.0k
- Investments
- $475.0k
- Employees
- 0
- Location
- Siesta Key, FL
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 84-2116385
Organization Overview
Interchange Foundation Inc is located in Siesta Key, FL. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Interchange Foundation Inc 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, Interchange Foundation Inc generated $33.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $33.8k during the year ending 12/2022. While expenses have increased by 30.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS AND SCHOLARSHIPS TO INDIVIDUALS TO HELP THEM ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Wood Executive Di | 2 | $0 | |
Roxanna Wood Secretary | 0 | $0 | |
Brian Wood Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,865 |
| Total operating and administrative expenses | $7,865 |
| Contributions, gifts, grants paid | $25,890 |
| Total expenses and disbursements | $33,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,879 |
| Savings and temporary cash investments | $0 |
| 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 | $475,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $496,879 |
| 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, Interchange Foundation Inc has awarded $25,890 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEE ROAD BUILDERS ASSOCIATION PURPOSE: DONATION FOR SCHOLARSHIP FUND. | $2,350 |
TENNESSEE STATE UNIVERSITY PURPOSE: DONATION FOR SCHOLARSHIP FUND. | $12,000 |
BIG AL MOWING PURPOSE: DONATION FOR SCHOLARSHIP FUND. | $250 |
NATIONAL ASSOCIATION OF WOMEN IN PURPOSE: DONATION FOR SCHOLARSHIP FUND | $770 |
GRANT TO INDIGENT INDIVIDUALS 1000 PURPOSE: DONATION TO INDIGENT INDIVIDUAL | $520 |
FAULHABER FAB LAB PURPOSE: DONATION FOR SCHOLARSHIP FUND. | $10,000 |