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Nonprofiteer
← THE IKE FOUNDATION A NEW JERSEY NON-PROFIT CORPORATION

Form 990 for tax year 2024

Filed by THE IKE FOUNDATION A NEW JERSEY NON-PROFIT CORPORATION.

Totals

Total revenue
$235,402
Total expenses
$251,352
Contributions and grants received
$238,070
Grants paid
$11,000
Program service revenue
$0
Investment income
$0
Other revenue
-$2,668
Total assets, end of year
$98,609
Total liabilities, end of year
$18,005
Net assets or fund balances, end of year
$80,604
Program services expenses (Part IX)
$166,802
Management and general expenses
$44,186
Fundraising expenses
$40,364
Program service expenses (Part III)
$166,802

Program services were 66.4% 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.

  • 1c · Fundraising events

    $24,703

  • 1f · All other contributions, gifts and grants

    $213,367

  • 1g · Noncash contributions included above

    $77,896

  • 8a · Fundraising events: gross income

    $47,516

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

    $24,703

  • 8b · Fundraising events: direct expenses

    $71,379

  • 8c · Net income from fundraising events

    total -$23,863

  • 9a · Gaming: gross income

    $29,558

  • 9b · Gaming: direct expenses

    $8,363

  • 9c · Net income from gaming

    total $21,195 · excluded $21,195

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $11,000 · program services $11,000

  • 11a · Fees: management

    total $113,129 · program services $73,858 · management and general $23,199 · fundraising $16,072

  • 11c · Fees: accounting

    total $7,695 · management and general $7,695

  • 11g · Fees: other

    total $23,767 · fundraising $23,767

  • 12 · Advertising and promotion

    total $3,553 · program services $1,115 · management and general $2,438

  • 13 · Office expenses

    total $17,432 · program services $9,923 · management and general $6,984 · fundraising $525

  • 17 · Travel

    total $1,795 · program services $1,346 · management and general $449

  • 22 · Depreciation, depletion and amortization

    total $5,464 · program services $5,464

  • 23 · Insurance

    total $3,421 · management and general $3,421

  • 24a · Other expenses: TOURNAMENT EXPENSES

    total $37,942 · program services $37,942

  • 24b · Other expenses: FISHING GEAR EQUPMENT

    total $19,582 · program services $19,582

  • 24c · Other expenses: EVENT EXPENSES

    total $6,572 · program services $6,572

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,816 · end of year $85,684

  • 4 · Accounts receivable

    end of year $2,444

  • 9 · Prepaid expenses and deferred charges

    beginning of year $657 · end of year $7,909

  • 10a · Land, buildings and equipment: cost or other basis

    $13,852

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,280

  • 10c · Land, buildings and equipment, net

    end of year $2,572

  • 17 · Accounts payable and accrued expenses

    end of year $10,000

  • 19 · Deferred revenue

    end of year $7,132

  • 25 · Other liabilities

    beginning of year $3,919 · end of year $873

  • 31 · Retained earnings, endowment or other funds

    beginning of year $96,554 · end of year $80,604

Mission and programs · 2024

Mission

OUR MISSION IS TO INSPIRE KIDS TO PUT DOWN THEIR SCREENS, GET OUTSIDE, AND DISCOVER HEALTHY, HANDS-ON ACTIVITIES THAT BUILD CONFIDENCE, PATIENCE, AND RESPECT FOR NATURE THROUGH THE ACTIVITY OF FISHING.

Activities or mission (Part I)

FOUNDED BY MIKE AND BECKY IACONELLI OUR MISSION IS TO CONNECT UNDERSERVED BOYS AND GIRLS WITH FISHING, FOSTERING A PASSION FOR NATURE AND OUTDOOR ACTIVITIES. OUR HANDS-ON EXPERIENCES PROVIDE A POSITIVE OUTLET FOR PERSONAL GROWTH AND INSTILL A LIFELONG COMMITMENT TO CONSERVATION AND PROTECTING OUR NATURAL ENVIRONMENT.

  • THE IKE FOUNDATION COLLEGE SCHOLARSHIP PROGRAM: THE IKE FOUNDATION BEGINS EACH YEAR WITH THE ANNUAL SCHOLARSHIP DINNER IN PITTSGROVE, NJ, THIS SPECIAL EVENING PRIMARILY FUNDS OUR COLLEGE SCHOLARSHIP PROGRAM. THROUGH THIS INITIATIVE, WE PROUDLY AWARD SCHOLARSHIPS RANGING FROM 2,000 TO 2,500 TO 4-5 EXCEPTIONAL HIGH SCHOOL SENIORS WHO HAVE DEMONSTRATED A PASSION FOR FISHING AND INVOLVEMENT IN THE OUTDOORS COMMUNITY. APPLICATIONS ARE REVIEWED THROUGH A BLIND, MERIT-BASED PROCESS USING A STANDARDIZED POINT SYSTEM TO ENSURE FAIRNESS AND OBJECTIVITY. SINCE THE PROGRAM'S INCEPTION IN 2017, THE IKE FOUNDATION HAS AWARDED OVER 100,000 IN SCHOLARSHIPS, HELPING YOUNG LEADERS TAKE THE NEXT STEP TOWARD THEIR FUTURE.

    Expenses $17,572 · Grants $11,000

  • IKE'S HOOK'EM EARLY KIDS FISHING PROGRAM: THE IKE FOUNDATION HOSTS MULTIPLE IKE'S HOOK 'EM EARLY KIDS FISHING EVENTS EACH YEAR DURING THE SPRING, FALL, OUR ANNUAL PRO-AM TOURNAMENT, AND THE BASSMASTER CLASSIC. EACH OF THESE EVENTS SERVE 100 PLUS CHILDREN, PROVIDING HANDS-ON ACCESS TO LOCAL LAKES AND WATERWAYS AND INTRODUCING YOUTH, MANY FOR THE FIRST TIME, TO THE LIFELONG ACTIVITY OF FISHING. AT EVERY EVENT, EACH CHILD RECEIVES THEIR OWN ROD, REEL, TACKLE BOX, AND TACKLE, ALONG WITH INSTRUCTION FROM VOLUNTEERS. THIS ENSURES THAT THE EXPERIENCE DOES NOT END ON EVENT DAY, CHILDREN LEAVE FULLY EQUIPPED AND CONFIDENT TO CONTINUE FISHING WITH THEIR FAMILIES. PARENTS AND GUARDIANS ACTIVELY PARTICIPATE, REINFORCING OUTDOOR RECREATION AS A FAMILY ACTIVITY AND SUPPORTING LONG-TERM ENGAGEMENT. VOLUNTEERS TRACK EVERY CHILD'S CATCH, ALLOWING US TO AWARD PRIZES AND CELEBRATE THEIR ACCOMPLISHMENTS AND EACH CHILD LEAVES WITH NEW SKILLS, LASTING MEMORIES, AND A SMILE ON THEIR FACE. TO ENHANCE BOTH THE EXPERIENCE AND THE LOCAL ECOSYSTEMS, THE IKE FOUNDATION PARTNERS WITH STATE AND LOCAL FISH AND WILDLIFE AGENCIES TO STOCK THE LAKES WITH BASS, CATFISH, OR BLUEGILL, BASED ON EACH WATERWAY'S ENVIRONMENTAL NEEDS. THESE STOCKINGS NOT ONLY MAKE THE EVENTS MORE SUCCESSFUL FOR YOUNG ANGLERS BUT ALSO CONTRIBUTE TO A HEALTHIER, SUSTAINABLE FISHERY FOR YEARS TO COME. EVENT DAYS ALSO INCLUDE LUNCH, SNACKS, AND A UNIQUE OPPORTUNITY FOR CHILDREN TO ENJOY A FRONT-ROW SEAT TO WATCH THE PRO-AM BASS TOURNAMENT WEIGH-IN, WHERE THE CHILDREN CHEER ON THE ANGLERS AND SEE THE SPORT OF FISHING IN ACTION. THROUGH THESE PROGRAMS, THE IKE FOUNDATION ADVANCES ITS MISSION BY CONNECTING CHILDREN AND FAMILIES WITH THE OUTDOORS, PROMOTING CONSERVATION AND SUSTAINABILITY, AND FOSTERING A LOVE AND RESPECT FOR OUR WATERWAYS. THESE EVENTS CREATE MEANINGFUL, LONG-TERM IMPACT BY EQUIPPING THE NEXT GENERATION WITH SKILLS, CONFIDENCE, AND A PASSION FOR OUTDOOR RECREATION.

    Expenses $37,942

  • FISHING GEAR REQUEST PROGRAM: THROUGH OUR ON-LINE FISHING GEAR REQUEST PROGRAM WE DONATE 100-150 RODS AND REELS PER QUARTER TO OTHER QUALIFIED ORGANIZATIONS. THE IKE FOUNDATION CONSIDERS REQUESTS FROM CIVIC ORGANIZATIONS, YOUTH ORGANIZATIONS, AND OTHER NON-PROFITS. IDEALLY, THE RELATIONSHIP WILL EDUCATE YOUTH ABOUT THE OUTDOORS, WILDLIFE MANAGEMENT AND SUSTAINABILITY, PARTICULARLY AS IT RELATES TO THE SPORT OF FISHING. IDEAL DONATION RECIPIENTS ARE YOUTH-CENTERED PROGRAMS AND EVENTS THAT ALIGN WITH THE MISSION OF THE IKE FOUNDATION. OUR PRIORITY IS TO SUPPORT PROGRAMS THAT OFFER ONGOING FISHING EDUCATION AND FOSTER A LASTING APPRECIATION FOR NATURE AND CONSERVATION.

    Expenses $19,582

  • CONNECTING CHILDREN AND FAMILIES WITH THE OUTDOORS THROUGH THE SPORT OF FISHING BUT ALSO FOSTERS A LOVE FOR CONSERVATION, SUSTAINABILITY, AND THE PROTECTION OF OUR WATERWAYS.

    Expenses $91,706

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Iaconelli

    TRUSTEE

    Total calculated
    $598,000
    From this org
    $0
    From related orgs
    $345,000
    Other
    $253,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $345,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $253,000 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $598,000 related
  • Becky Iaconelli

    TRUSTEE

    Total calculated
    $571,551
    From this org
    $0
    From related orgs
    $373,751
    Other
    $197,800
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $345,000 related
    Bonus
    not reported
    Other
    not reported + $28,751 related
    Deferred
    not reported + $197,800 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $571,551 related
  • Carol Muracco

    TRUSTEE

    Total calculated
    $63,922
    From this org
    $0
    From related orgs
    $58,000
    Other
    $5,922
    Hours/week
    1 + 24 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202513189349314201

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