Ig Family Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842953718 ✦ Dunwoody, GA ✦ Designated as a 501(c)(3)

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Overview

What is Ig Family Foundation Inc?

The Ig Family Foundation Inc, situated in Dunwoody, Georgia, is a compassionate nonprofit organization dedicated to alleviating the financial burdens of individuals encountering challenging circumstances. They offer immediate financial aid to those who have undergone a qualifying hardship. Beyond this, the foundation extends its generosity to other eligible charitable organizations by granting funds. Their primary initiatives include the Hardship Assistance Fund, providing a safety net for those in dire need.


Official website here: www.igfamilyfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

The Ig Family Foundation Inc has earned a Three-Star rating based on an overall score of 77%, reflecting a strong focus on accountability and finance. This rating indicates that the foundation demonstrates a solid level of operational integrity and financial health, with a particular emphasis on the absence of material asset diversion and an outstanding program expense ratio of 99.27%. These metrics suggest that a significant majority of the foundation's funds are directed towards its intended programs.

Strengths include a fully independent board, which enhances governance, and strong performance in financial ratios such as liabilities to assets and fundraising efficiency, both rated at 0% in liabilities and $0 in fundraising costs. However, some limitations are present, including the lack of financial statements and missing policies for whistleblower protection and document retention. These gaps could raise questions about transparency and the foundation's adherence to best practices in governance.

Overall, while the Ig Family Foundation displays commendable financial management and accountability, addressing the noted deficiencies in policy documentation would further enhance its credibility and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Ig Family Foundation Inc legitimate?

Ig Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ig Family 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.igfamilyfoundation.org

What is the mission statement of Ig Family Foundation Inc?

The Ig Family Foundation Inc's mission is centered around providing financial aid to individuals who have encountered a qualifying hardship, leaving them in an urgent need for assistance. Beyond this, the organization also extends grants to other publicly charitable, tax-exempt entities. The foundation's efforts are geared towards alleviating immediate financial struggles and contributing to the broader charitable community.


Official website here: www.igfamilyfoundation.org

Who is the CEO of Ig Family Foundation Inc?

Bert Bean is the President, Director of Ig Family Foundation Inc.


Official website here: www.igfamilyfoundation.org

What is the revenue of Ig Family Foundation Inc?

Ig Family Foundation Inc's revenue in 2022 was $1,131,877.


Official website here: www.igfamilyfoundation.org

Who are the executives of Ig Family Foundation Inc and what are their salaries?

There 3 volunteers at Ig Family Foundation Inc.


Here are 4 key members and their salaries:


Bert Bean (President, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lewis (Treasurer, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David C Lowance Jr (Secretary, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Nelson Iii (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.igfamilyfoundation.org

Where can I find the form 990 for Ig Family Foundation Inc?

Ig Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.igfamilyfoundation.org

Learn more at the official website: www.igfamilyfoundation.org

Mission Statement of Ig Family Foundation Inc

The Ig Family Foundation, a nonprofit organization, is committed to providing financial aid to individuals who have encountered a qualifying hardship. Due to these challenging circumstances, these individuals find themselves in dire need of immediate assistance. In addition to directly helping individuals, the foundation also extends its support by making grants to other publicly charitable, tax-exempt organizations. The foundation's mission is to alleviate the financial burdens faced by those in need, offering a helping hand during difficult times.

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Impact




July, 2024

Ig Family Foundation Inc's impact is significant in providing crucial financial aid to individuals who have faced qualifying hardships and urgently require assistance. Through their Hardship Assistance Fund and grants to charitable organizations, they offer vital support to those in need. Located in Dunwoody, GA, this organization plays a crucial role in fostering human services and addressing immediate challenges faced by vulnerable individuals.




This information is meant to be a general summary of Ig Family 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.

Revenue
$1,131,877 (2022)
Expenses
$1,012,270 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,131,877

Assets and Liabilities:

  • Total Assets: $566,931
  • Total Liabilities: $0
  • Net Assets: $566,931

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Organization Details

Founding Year

2019

Principal Officer

Bert Bean

Main Address

1224 Hammond Dr, Dunwoody, GA, 30346

NTEE Category

Code: P60 - Human services

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