Overview
What is Ivymount Foundation Inc?
The Ivymount Foundation Inc, situated in Rockville, Maryland, is a dedicated nonprofit organization committed to fostering programs for children and young adults with various disabilities in the Washington, DC metropolitan area. Through financial support, they enhance educational, therapeutic, and school-related initiatives for children struggling with developmental disabilities, learning disabilities, behavioral disorders, autism spectrum disorders, communication disorders, and multiple handicaps. Their mission is to empower these individuals, helping them overcome their challenges and lead fulfilling lives.
Official website here: www.ivymount.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Ivymount Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The overall score is solely based on the Accountability & Finance metrics, where it has excelled in areas like board independence and financial oversight. Notably, 92% of its board members are independent, contributing to strong governance practices.
The organization demonstrates transparency in its operations, with policies in place for conflict of interest, whistleblowing, and document retention. Moreover, it has reported no material diversion of assets, showcasing its commitment to ethical financial practices. The foundation's financial health is reinforced by a low liabilities to assets ratio.
However, the program expense ratio is relatively low at 56.78%, suggesting that a significant portion of funds may not be directed towards programs. This could be a point of concern for potential donors who prioritize direct impact. Despite this limitation, the foundation's strong governance and oversight mechanisms indicate a responsible approach to its financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Ivymount Foundation Inc legitimate?
Ivymount Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivymount Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ivymount.org
What is the mission statement of Ivymount Foundation Inc?
The Ivymount Foundation Inc's mission is centered around supporting the development of programs for children and young adults with various disabilities, such as developmental, learning, behavioral, autism spectrum, communication, and multiple handicaps, in the Washington, DC metropolitan area. They accomplish this by financially backing educational, therapeutic, and school-related initiatives. The foundation's goal is to enhance the lives of these individuals by providing them with the necessary resources to thrive. They aim to empower these children and young adults, enabling them to reach their full potential. The foundation's activities primarily focus on supporting programs that cater to their unique needs, fostering an environment of growth and learning.
Official website here: www.ivymount.org
Who is the CEO of Ivymount Foundation Inc?
Matt Watson is the Treasurer of Ivymount Foundation Inc. The CEO's salary of Ivymount Foundation Inc is $0 and their total compensation is $190,824.
Official website here: www.ivymount.org
What is the revenue of Ivymount Foundation Inc?
Ivymount Foundation Inc's revenue in 2022 was $1,262,759.
Official website here: www.ivymount.org
Who are the executives of Ivymount Foundation Inc and what are their salaries?
Here are 24 key members and their salaries (Ivymount Foundation Inc's CEO's salary is $0 and their total compensation is $190,824):
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- Other: $16,484
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- Other: $12,878
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Official website here: www.ivymount.org
Where can I find the form 990 for Ivymount Foundation Inc?
Ivymount Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ivymount.org
Learn more at the official website: www.ivymount.org
Mission Statement of Ivymount Foundation Inc
Ivymount Foundation Inc is committed to making a difference in the lives of children and young adults with various disabilities in the Washington, DC metropolitan area. Their mission is to financially support educational, therapeutic, and school-related programs that cater to children with developmental disabilities, learning disabilities, behavioral disorders, autism spectrum disorders, communication disorders, and multiple handicaps. By providing financial assistance, Ivymount Foundation Inc aims to help develop and enhance these programs, ensuring that these children have access to the resources they need to thrive. Through their support, the foundation contributes to the overall well-being and development of these young individuals, enabling them to reach their full potential.
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Impact
August, 2024
Ivymount Foundation Inc's impact is primarily focused on developing programs for children and young adults with disabilities throughout the Washington, DC metropolitan area. By providing financial support to educational, therapeutic, and school-related programs, Ivymount Foundation Inc is able to positively impact the lives of individuals with developmental disabilities, learning disabilities, behavioral disorders, autism spectrum disorders, communication disorders, and multiple handicaps. Through their work, they contribute to improving the educational opportunities and quality of life for disabled individuals in the community.
This information is meant to be a general summary of Ivymount Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $574,611
- Gross Receipts: $3,358,491
Assets and Liabilities:
- Total Assets: $7,467,855
- Total Liabilities: $961,157
- Net Assets: $6,506,698
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Organization Details
Founding Year
2004
Principal Officer
Matt Watson
Main Address
11614 Seven Locks Road, Rockville, MD, 20854
Website
www.ivymount.orgNTEE Category
Code: B11 - Education
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