The Ignite Foundation
- Assets
- $686.6k
- Revenue
- $32.3k
- Investments
- $600.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 88-0845880
Organization Overview
The Ignite Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ignite 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, Ignite Foundation generated $32.3k in total revenue. All expenses for the organization totaled $200.2k during the year ending 12/2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher G Bell Dir, Pres | 1 | $0 | |
Grace J Bell Dir | 1 | $0 | |
Mackenzie J Bell Dir | 1 | $0 | |
Madeline J Bell Dir | 1 | $0 | |
Michelle J Bell Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,242 |
| Dividends & Interest | $18,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,581 |
| Capital Gain Net Income | $22,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $31,116 |
| Printing and publications | $0 |
| Other expenses | $9,693 |
| Total operating and administrative expenses | $58,558 |
| Contributions, gifts, grants paid | $141,690 |
| Total expenses and disbursements | $200,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,151 |
| 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 | $686,602 |
| 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 Ignite Foundation has awarded $141,690 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EARTH ISLAND INSTITUTE INC PURPOSE: SHARK STEWARD'S COMMUNITY PROTECTION PROGRAM | $25,000 |
NKURINGO ORPHANS GROUP PURPOSE: SECONDARY EDUCATION. SCHOLARSHIP FUND | $8,000 |
NKURINGO ORPHANS GROUP PURPOSE: GENERAL & UNRESTRICTED | $12,750 |
NKURINGO ORPHANS GROUP PURPOSE: SPONSORSHIP OF 2 ORPHANS FOR ONE YEAR | $900 |
PELAGIOS KAKUNJA AC PURPOSE: SHARK CONSERVATION AND ECOTOURISM IN THE GULF OF CALIFORNIA PROJECT | $41,800 |
SIERRA AVALANCHE CENTER PURPOSE: GENERAL & UNRESTRICTED | $500 |