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Igcf INC EIN 82-2743325 Form 990 (PDF) Claim this org

Igcf INC FY2021 filing

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A private foundation based in Monsey, NY. It reported about $444K in revenue for 2021. For fiscal year 2021 it reported $444K in revenue, $284K in expenses, and $256K in net assets.Pt I

Type
Private foundation / grantmaker · Community Development
Location
Monsey, NY
Filings
5 on file (2020–2021)
Revenue
$444KFY2021
Expenses
$284K
Net assets
$256K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2743325 Private foundation / grantmaker Monsey, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Monsey, NY. It reported about $444K in revenue for 2021.
Leadership
Israel Goldstein · Director
Money in and out
$444K revenue, $284K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$444K
Pt VIII · Ln 12
Total expenses
$284K
Pt IX · Ln 25
Net assets
$256K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $160K
Total assets
300K
deployed as grants and operations
Grants paid
283K
in FY2021
Grants made
21grants
total in period
Payout rate
94%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 21 grants · $85K · 2024–2024
Cong Mekor ChaimFY2024$34,854
Cong Yeshuos Moshe ViznitzFY2024$15,400
Charidy INCCA · FY2024$13,517
Yeshiva Beth DovidFY2024$5,000
Moisdes Yetev Lev Bnei Brak INCNJ · FY2024$4,500
Congregation Yetev Lev of MonseyNY · FY2024$3,000
Congregation-Avodas Yisroel INCFY2024$2,000
Cong Yeshias YisroelFY2024$1,300
Talmud Torah Darkei AvosFY2024$1,260
Congregation Oholei YisochorNY · FY2024$750
Congregation Paile YoetzFY2024$500
Mishkuni Spring ValleyFY2024$500
Ahavas Torah CongregationFY2024$380
Cong Tiferes MordechaiFY2024$360
V'YazreimFY2024$360
Time INCTX · FY2024$360
ToiremNY · FY2024$236
Tov Vchesed SimchaFY2024$180
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$4K
Median grantPart XV$500
Largest grantPart XV$35K
Top cause focusNTEEReligion (19%)

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$444K
FY2021▲ +41%
Expenses
$284K
FY2021▲ +10%
Total assets
$300K
FY2021▲ +107%
Total liabilities
$44K
FY2021▼ -11%
Total revenue
$444K
Pt VIII · Ln 12
Total expenses
$284K
Pt IX · Ln 25
Net assets
$256K
Pt X · Ln 32
Total assetsPt II$300K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIgcf INC
EINHdr · item D82-2743325
Principal addressHdr · item CMonsey, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S80)
Ruling yearIRS BMFJun 2018

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Gitty Fekete
Director
$0Pt VII · Sec A
See Igcf INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$444K
Total revenueLn 12$444K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$283K
Operating & administrative$898
Total functional expensesLn 25$284K

Balance Sheet

Part X · end of year
CashLn 1$300K
Total assetsLn 16$300K
Total liabilitiesLn 26$44K
Total net assetsLn 32$256K
Months of cash on handcomputed12.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $300K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $444K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $444K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $444K · Prior year $315K
+41%
Net-asset trend (YoY)
End of year $256K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $444K · Expenses $284K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
—
Net-asset ratio
Net assets $256K · Total assets $300K
85%
People & payroll
Highest Reported Total Compensation
Individual Israel Goldstein · Reported title Director · Highest reported compensation $0 · Total expenses $284K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 41%——

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.

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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
FY2024 (Latest)$55K revenue · ⤓ 990 PDF
FY2023$5K revenue · ⤓ 990 PDF
FY2022$45K revenue · ⤓ 990 PDF
FY2021$444K revenue · viewing · ⤓ 990 PDF
FY2020$315K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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