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Isec Foundation EIN 20-5632234

Isec Foundation FY2020 filing

EIN  20-5632234 Private foundation / grantmaker Wilmington, DE
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Wilmington, DE. It reported about $253K in revenue for 2020.
Money in and out
$253K revenue, $227K expenses
Bottom line
—

A private foundation based in Wilmington, DE. It reported about $253K in revenue for 2020. For fiscal year 2020 it reported $253K in revenue, $227K in expenses, and $459K in net assets.Pt I

Grants paid & assets · FY2020
Total revenue
$253K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$459K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Total assets
459K
deployed as grants and operations
Grants paid
217K
in FY2020
Grants made
61grants
total in period
Payout rate
47%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 61 grants · $164K · 2025–2025
NAMI NationalVA · FY2025$75,000
Wwp INC - Wounded Warrior Project INCFY2025$5,250
K9s for Warriors INCFL · FY2025$4,510
St Jude Childrens Research Hospital INCFY2025$4,395
Together We Rise CorporationFY2025$2,500
Support the Enlisted Project INCCA · FY2025$2,500
Stephen Benito Jacobo FoundationAZ · FY2025$2,500
Lines for LifeOR · FY2025$2,500
Feeding AmericaIL · FY2025$2,435
Susan G Komen Breast Cancer FoundationFY2025$2,250
Blood Cancer United INCNY · FY2025$2,250
American National Red CrossFY2025$2,019
Wounded Warrior Project INCFL · FY2025$1,500
Stephen Siller Tunnel to Towers FoundationFY2025$1,500
St Jude Children's Research Hospital INCTN · FY2025$1,500
Shriners Hospitals for ChildrenFL · FY2025$1,500
Riderdown FoundationCO · FY2025$1,500
Project Jumpstart INCFY2025$1,500
See all 61 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV41
Average grantPart XV$3K
Median grantPart XV$2K
Largest grantPart XV$75K
Top cause focusNTEEHuman Services (13%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$253K
FY2020
Expenses
$227K
FY2020
Total assets
$459K
FY2020
Total liabilities
$0
FY2020
Total revenue
$253K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$459K
Pt X · Ln 32
Total assetsPt II$459K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIsec Foundation
EINHdr · item D20-5632234
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMar 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Isec Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants$250K · 99%
Investment income$3K · 1%
Contributions & grants99%$250K
Investment income1%$3K
Total revenueLn 12$253K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$217K
Operating & administrative4%$10K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$459K
Total assetsLn 16$459K
Total liabilitiesLn 26$0
Total net assetsLn 32$459K
Months of cash on handcomputed24.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $459K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $253K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $253K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $253K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $459K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $253K · Expenses $227K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $459K
—
Net-asset ratio
Net assets $459K · Total assets $459K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $227K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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)$154K revenue · ⤓ 990 PDF
FY2024$253K revenue · ⤓ 990 PDF
FY2023$3K revenue · ⤓ 990 PDF
FY2022$2K revenue · ⤓ 990 PDF
FY2021$252K revenue · ⤓ 990 PDF
FY2020$253K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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