Idealistic Cause Foundation
- Assets
- $8.1m
- Revenue
- $8.5m
- Investments
- $7.9m
- Employees
- 0
- Location
- Mesa, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 87-3468516
Organization Overview
Idealistic Cause Foundation is located in Mesa, AZ. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Idealistic Cause Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Idealistic Cause Foundation has awarded 16 individual grants totaling $380,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,824,562 |
| Interest on Savings | $16,082 |
| Dividends & Interest | $49,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $617,007 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,507,365 |
| 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 | $1,101 |
| Total operating and administrative expenses | $13,869 |
| Contributions, gifts, grants paid | $380,000 |
| Total expenses and disbursements | $393,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,089 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,108,428 |
| 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, Idealistic Cause Foundation has awarded $380,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ANDRE HOUSE PURPOSE: MEALS FOR HOMELESS | $40,000 |
ARIS PURPOSE: FEED HOMELESS YOUTH | $10,000 |
ARIZONA RAILROAD PURPOSE: GUIDED TOURS AT CAPITAL | $5,000 |
ASTER AGING INC PURPOSE: SENIOR CENTERS IN MESA | $10,000 |
AUTISM SCIENCE FOUNDATION PURPOSE: RESEARCH CAUSE OF AUTISM | $40,000 |
AZ HELPING HANDS PURPOSE: CHILDREN IN FOSTER CARE | $50,000 |