The 513 Fund Ima
- Assets
- $1.4m
- Revenue
- $453.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- Data as of
- 06/2024
- EIN
- 86-3410200
Organization Overview
The 513 Fund Ima is located in Cincinnati, OH. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. 513 Fund Ima 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 06/2024, 513 Fund Ima generated $453.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $230.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, 513 Fund Ima has awarded 34 individual grants totaling $438,400. 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 |
|---|---|---|---|
Edward A Hutton Co-Trustee | 1 | $0 | |
Jennifer L Baker Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,820 |
| Dividends & Interest | $38,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $413,685 |
| Capital Gain Net Income | $413,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,725 |
| 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 | $1,558 |
| Total operating and administrative expenses | $26,791 |
| Contributions, gifts, grants paid | $204,100 |
| Total expenses and disbursements | $230,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,491 |
| 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 | $38,274 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,364,955 |
| 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, The 513 Fund Ima has awarded $204,100 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI TOOLBANK PURPOSE: GENERAL | $21,500 |
NO EXCUSES COLLEGE TOURS & PROGRAMS LLC PURPOSE: GENERAL | $80,000 |
LEGACY RESIDENTIAL HOMES INC PURPOSE: GENERAL | $60,000 |
LAST MILE FOOD RESCUE PURPOSE: GENERAL | $4,000 |
INTERFAITH JUSTICE AND PEACE CENTER PURPOSE: GENERAL | $20,000 |
WORD PLAY CINCINNATI PURPOSE: GENERAL | $4,000 |