Ivy Foundation of Hampton Inc

EIN: 342023854 501(c)(3) Philanthropy & Grantmaking

Hampton, VA

Total Revenue
$11,186
Total Expenses
$12,264
Total Assets
$24,904
Net Assets
$24,904
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
TERRY WEST
Tax Period
2023-01-01 to 2023-12-31

IVY FOUNDATION OF HAMPTON INC, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $27K in total revenue in fiscal year 2021. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6K, a strong 21% operating margin.

Mission

The mission of the Ivy Foundation of Hampton Inc is to provide funding support for scholarships and other programs and initiatives

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,889
Program Service Revenue $0
Investment Income $0
Other Revenue $1,297
TOTAL REVENUE $11,186

Expense Breakdown

Grants Paid $8,998
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,998
Other Expenses $3,266
TOTAL EXPENSES $12,264

Year-over-Year Comparison

2023 2022 Change
Revenue $11,186 $18,070 -0.4%
Expenses $12,264 $16,711 -0.3%
Net Income $-1,078 $1,359 -1.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
N/A
Employees
N/A
Volunteers
74

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY FARMER WEST Board Chair N/A
Officer
$0 $0 $0
LORRAINE SPELLER Trustee N/A
Director
$0 $0 $0
CRISTINA MCWILLIAMS Treasurer N/A
Officer
$0 $0 $0
WANDA HOLT Assistant Treasurer N/A
Officer
$0 $0 $0
ELEANOR BLOWE Business Manager N/A
Officer Director
$0 $0 $0
GAIL CASH Trustee N/A
Director
$0 $0 $0
YVETTE DISNEW Trustee N/A
Director
$0 $0 $0
CRYSTAL FISHER Trustee N/A
Director
$0 $0 $0
LORRAIN HARRELL Trustee N/A
Director
$0 $0 $0
ANITA GORDON PLASKETT Trustee N/A
Director
$0 $0 $0
JOYCE WATSON Chaplain N/A
Officer
$0 $0 $0
ELSIE WILLIAMS Trustee N/A
Director
$0 $0 $0
MILLICENT ROGERS Trustee N/A
Director
$0 $0 $0
SONYA VEGA Vice Chair N/A
Officer
$0 $0 $0
SHARON SIMMONS Trustee N/A
Director
$0 $0 $0
SYREETA JONES CASON Trustee N/A
Director
$0 $0 $0
ALYSSA BOONE Trustee N/A
Director
$0 $0 $0
JOEY STEELE Trustee N/A
Director
$0 $0 $0
TONI MONTGOMERY Trustee N/A
Director
$0 $0 $0
TANDIE TALIAFERRO Parliamentarian N/A
Officer
$0 $0 $0
TUWANDA WILLIAMS Trustee N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $11,186 $12,264 $24,904 $-1,078
2021 $27,138 $21,473 $24,469 $5,665
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