Ince Foundation INC EIN 14-1761628 Form 990 (PDF) Claim this org

Ince Foundation INC

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Ince Foundation INC is a public foundation based in Wakefield, MA, formed in 1993. For fiscal year 2025 it reported $144K in revenue, $50K in expenses, and $760K in net assets.Pt I

Founded
1993
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Wakefield, MA
Website
incefoundation.org
Filings
6 on file (2020–2025)
Revenue
$144KFY2025
Expenses
$50K
Net assets
$760K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  14-1761628 Public foundation / grantmaker Wakefield, MA Founded 1993
Form 990 (PDF)
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Size
$100K–1M
What they do
a public foundation
Leadership
Steve Marshall · President
Money in and out
$144K revenue, $50K expenses
Bottom line
86% program efficiency
Grants paid & assets · FY2025
Total revenue
$144K
Pt VIII · Ln 12
Total expenses
$50K
Pt IX · Ln 25
Net assets
$760K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $94K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.03 Fundraising $0.11
Program efficiency
86%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
181.9mo
months of highly liquid reserves at operating expense rate▲ +20% vs prior filing year
Surplus margin
+65%
revenue over expenses, this year▲ +237% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$144K
FY2025▲ +121%
Expenses
$50K
FY2025▼ -5%
Total assets
$760K
FY2025▲ +14%
Total liabilities
$0
FY2025
Total revenue
$144K
Pt VIII · Ln 12
Total expenses
$50K
Pt IX · Ln 25
Net assets
$760K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$94K
Total assetsPt X · Ln 16$760K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInce Foundation INC
EINHdr · item D14-1761628
Principal addressHdr · item CWakefield, MA
WebsiteHdr · item Jincefoundation.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T00Z)
Ruling yearIRS BMFAug 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President - Development
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $43K of program spending, described in the organization's own filed words · FY2025.
01

Awards and medals funded by the ince foundation during 2025 are:* INCE/USA student paper and classic paper awards were awarded to six students and presented during noise-con 2025 CONFERENCE.* martin HISCHORN/GRADUATE student project award was funded and presented at noise-con 2025.* eighteen hallberg foundation travel awards to noise-con…

$29Kprogram expense
02

As part of its technology for a quieter america (tqa) program, the ince foundation funded: * a report was prepared and printed in 2025 for the 2024 two-day tqa virtual workshop "urban noise: impact and CONTROL."* the ince foundation co-sponsored a two-day in-person workshop "disruptive and blue-sky ideas for noise control." the workshop…

$14Kprogram expense

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Statement of Revenue

Part VIII
Investment income$133K · 92%
Contributions & grants$11K · 8%
Investment income92%$133K
Contributions & grants8%$11K
Total revenueLn 12$144K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.03 Fundraising $0.11
Program services86%$43K
Management & general3%$2K
Fundraising11%$6K
Total functional expensesLn 25$50K

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$760K
Total liabilitiesLn 26$0
Total net assetsLn 32$760K
Months of cash on handcomputed42.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $760K · Operating expenses/yr $50K
181.9 months
Where the money goes
Program services
Program services $43K · Total expenses $50K
86%
Management & General
Management & general $2K · Total expenses $50K
3%
Fundraising
Fundraising $6K · Total expenses $50K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $18K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $144K
8%
Government reliance
Government grants — · Total revenue $144K
Earned-income share
Program service revenue $0 · Total revenue $144K
0%
Investment reliance
Investment income $133K · Total revenue $144K
+92%
Program self-sufficiency
Program service revenue $0 · Total expenses $50K
0%
Growth & trend
Revenue growth (YoY)
This year $144K · Prior year $65K
+121%
Revenue CAGR
FY2020 $90K · FY2025 $144K
+10%
Net-asset trend (YoY)
End of year $760K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $144K · Expenses $50K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $760K
Net-asset ratio
Net assets $760K · Total assets $760K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $583K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $760K
77%
People & payroll
Highest Reported Total Compensation
Individual Steve Marshall · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $50K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $50K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 3%
Fundraising cost ratio 51%
Revenue growth 121%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 13 grants · $134K · 2020–2025
Unitemized GrantFY2025$12,600
Unitemized GrantFY2025$6,000
Unitemized GrantFY2025$4,000
Unitemized GrantFY2024$19,800
Pennsylvania State UniversityFY2024$6,000
Unitemized GrantFY2023$24,400
Unitemized GrantFY2022$14,000
Unitemized GrantFY2021$12,185
Michigan Tech FundMI · FY2021$6,000
Unitemized GrantFY2020$11,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$144K revenue · viewing · ⤓ 990 PDF
FY2024$65K revenue · ⤓ 990 PDF
FY2023$61K revenue · ⤓ 990 PDF
FY2022$48K revenue · ⤓ 990 PDF
FY2021$60K revenue · ⤓ 990 PDF
FY2020$90K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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