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Nonprofiteer
← IG FAMILY FOUNDATION INC

Form 990 for tax year 2024

Filed by IG FAMILY FOUNDATION INC.

Totals

Total revenue
$1,460,063
Total expenses
$1,342,407
Contributions and grants received
$1,407,947
Grants paid
$1,107,995
Program service revenue
$0
Investment income
$52,116
Other revenue
$0
Total assets, end of year
$2,369,904
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,369,904
Program services expenses (Part IX)
$1,265,971
Management and general expenses
$76,436
Fundraising expenses
$0
Program service expenses (Part III)
$1,265,971

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,407,947

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $52,116 · unrelated business $52,116

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $246,697 · program services $246,697

  • 2 · Grants to domestic individuals

    total $861,298 · program services $861,298

  • 11a · Fees: management

    total $210,634 · program services $157,976 · management and general $52,658

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 24a · Other expenses: Bank fees

    total $13,778 · program services $0 · management and general $13,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,252,248 · end of year $2,369,904

  • 27 · Net assets without donor restrictions

    beginning of year $2,252,248 · end of year $2,369,904

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Providing financial aid to persons who have experienced a qualifying hardship and, as a result, are in need of immediate assistance. In addition, the nonprofit will make grants to other publicly charitable, tax-exempt organizations.

Activities or mission (Part I)

Providing financial aid to persons who have experienced a qualifying hardship and, as a result, are in need of immediate assistance.

  • Hardship Assistance Fund

    Expenses $1,265,971 · Grants $1,265,971

As filed on the 2024 return.

Listed in Part VII

  • Bert Bean

    President, Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ngoc-Chi Nguyen Swallow

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ariel D Zion

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.0
Source object
202541279349300309

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