Ikea Us Community Foundation
- Assets
- $1.7m
- Revenue
- $907.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- EIN
- 85-2011733
Organization Overview
Ikea Us Community Foundation is located in Wilmington, DE. 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. Ikea Us Community 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 12/2021, Ikea Us Community Foundation generated $907.5k in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2021.
Since 2020, Ikea Us Community Foundation has awarded 38 individual grants totaling $54,166,437. 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 |
|---|---|---|---|
Kate Dugan Dir | 1 | $0 | |
Tiffany Fordyce Dir | 1 | $0 | |
Samantha Guisti Dir, Chairperson | 1 | $0 | |
Jennifer Keesson Vice-Chairperson | 1 | $0 | |
Stephani Lewis Sec | 1 | $0 | |
Javier Quinones Vice-Chairperson | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $900,000 |
| Interest on Savings | $7,467 |
| Dividends & Interest | $0 |
| 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 | $907,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99,295 |
| Total operating and administrative expenses | $100,095 |
| Contributions, gifts, grants paid | $2,159,006 |
| Total expenses and disbursements | $2,259,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,681,585 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,681,585 |
| 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, Ikea Us Community Foundation has awarded $2,159,006 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF AUSTIN PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
ATLANTA BLACK CHAMBERS FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $55,000 |
COMMUNITY FOUNDATION OF GREATER MEMPHIS INC PURPOSE: WORKFORCE MIDSOUTH PROJECT | $123,633 |
ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN PURPOSE: WORKFORCE DEVELOPMENT PROJECT AND YOUTH ENGAGEMENT/VIOLENCE PREVENTION PROGRAMS | $450,000 |
GREATER BALTIMORE BLACK CHAMBER COMMERCE FOUNDATIO PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
NEW HAVEN FESTIVALS INC PURPOSE: GENERAL & UNRESTRICTED | $100,000 |