NonprofitsIbg Foundation Inc

Human Services

Ibg Foundation Inc

NEW YORK, NY

Total revenue

$466K

Total expenses

$39K

Net assets

$427K

Grants received

$235K

6 grants

EIN

991169421

Tax year

2024

Mission

The foundation's mission is to provide financial assistance to individuals and families facing serious illnesses. It covers medical and living costs during treatments, surgeries, and recovery, and offers monetary awards for funeral-related expenses. The nonprofit also grants educational scholarships to those pursuing career advancement, covering costs for attending four-year and two-year colleges, trade and vocational schools, certifications, and other educational opportunities. The main target for the scholarships is secondary students nearing graduation, although others can apply.

Financials

FY 2024

Revenue

Contributions & grants$466K
Program service revenue
Investment income$149
Other revenue
Total revenue$466K

Expenses

Grants paid$28K
Salaries & benefits$2K
Fundraising
Other expenses$10K
Total expenses$39K
Total assets$427K
Net assets$427K

People

3 listed

NameRoleCompensation

THOMAS IOVINO

PRESIDENT

Board

0.25 hrs/wk

GENE BERNSTEIN

SECRETARY

Board

0.25 hrs/wk

MICHAEL GRAFF

TREASURER

Board

0.25 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$125K
GENERAL SUPPORT
2024
$50K
GRANT FOR OPERATING SUPPORT
2024
$25K
GENERAL SUPPORT
2024
$5K
GENERAL SUPPORT
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$25K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023

Funded by

$235K from 6 funders · 6 grants · 2023–2024

Impactassetsinc

$125K · 1 grant · 2024

Ganek Family Foundation

$50K · 1 grant · 2024

Jewish Communal Fund

$25K · 1 grant · 2023

St Louis Community Foundation Inc

$25K · 1 grant · 2024

Joe Plumeri Foundation Inc

$5K · 1 grant · 2024

Details

EIN991169421
NTEE codeP20
Subsection03
Ruling date2024-06
Formed2024
Employees0
Volunteers3
IBG FOUNDATION INC — Mission, Financials & Grants Received | Grantivo