2025-11-13T14:38:20-06:00 2024-12-31 113266576 GRASSI & CO CPA'S PC 360 MADISON AVENUE 7TH FLOOR NEW YORK NY 10017 990 2024-01-01 991169421 IBG FOUNDATION INC IBGF 5164955755 1 ROCKEFELLER PLAZA 2803 NEW YORK NY 10020 THOMAS IOVINO PRESIDENT 5164955755 2025-11-13 1 0 DAVID ROTTKAMP P01303468 2126616166 2025-11-13 2024 2025-03-06 01:10:19Z X THOMAS IOVINO 1 ROCKEFELLER PLAZA 2803 NEW YORK NY 10020 481547 0 X N/A X 2024 NY THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES FACING SERIOUS ILLNESSES. IT COVERS MEDICAL AND LIVING COSTS DURING TREATMENTS, SURGERIES, AND RECOVERY, AND OFFERS MONETARY AWARDS FOR FUNERAL-RELATED EXPENSES. THE NONPROFIT ALSO GRANTS EDUCATIONAL SCHOLARSHIPS TO THOSE PURSUING CAREER ADVANCEMENT, COVERING COSTS FOR ATTENDING FOUR-YEAR AND TWO-YEAR COLLEGES, TRADE AND VOCATIONAL SCHOOLS, CERTIFICATIONS, AND OTHER EDUCATIONAL OPPORTUNITIES. THE MAIN TARGET FOR THE SCHOLARSHIPS IS SECONDARY STUDENTS NEARING GRADUATION, ALTHOUGH OTHERS CAN APPLY. 3 3 0 3 0 0 466199 0 149 0 466348 27929 0 1675 0 0 9785 39389 426959 426959 0 426959 X THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES FACING SERIOUS ILLNESSES. IT COVERS MEDICAL AND LIVING COSTS DURING TREATMENTS, SURGERIES, AND RECOVERY, AND OFFERS MONETARY AWARDS FOR FUNERAL-RELATED EXPENSES. THE NONPROFIT ALSO GRANTS EDUCATIONAL SCHOLARSHIPS TO THOSE PURSUING CAREER ADVANCEMENT, COVERING COSTS FOR ATTENDING FOUR-YEAR AND TWO-YEAR COLLEGES, TRADE AND VOCATIONAL SCHOOLS, CERTIFICATIONS, AND OTHER EDUCATIONAL OPPORTUNITIES. THE MAIN TARGET FOR THE SCHOLARSHIPS IS SECONDARY STUDENTS NEARING GRADUATION, ALTHOUGH OTHERS CAN APPLY. 0 0 29861 27929 DURING 2024, THE IBG FOUNDATION PROVIDED FINANCIAL AWARDS TO INDIVIDUALS STRUGGLING WITH LIVING AND MEDICAL EXPENSES DUE TO SERIOUS ILLNESS. ADDITIONALLY, THE ORGANIZATION PAID FUNERAL EXPENSES FOR AN INDIVIDUAL WHO SUCCUMBED TO CANCER. 29861 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X THOMAS IOVINO 6468136430 1 ROCKEFELLER PLAZA SUITE 2803 NEW YORK NY 10020 X THOMAS IOVINO PRESIDENT 0.25 X 0 0 0 GENE BERNSTEIN SECRETARY 0.25 X 0 0 0 MICHAEL GRAFF TREASURER 0.25 X 0 0 0 0 0 0 0 0 0 0 0 466199 15199 466199 63 63 15285 15199 86 86 86 466348 0 0 149 27929 27929 1675 1675 8242 8242 1286 1286 257 257 39389 29861 9528 0 426959 0 426959 0 0 X 426959 0 426959 0 426959 426959 0 X X 1 X 0 1 0 X 466199 466199 466199 466199 336949 129250 63 63 466262 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 FINANCIAL ASSISTANCE FOR MEDICAL EXPENSES 1 27929 PART I, LINE 2: THE FOUNDATION WILL FREQUENTLY PAY INVOICES DIRECTLY TO VENDORS ON BEHALF OF AWARDEES. IN OTHER INSTANCES, THE FOUNDATION WILL PROVIDE FUNDS DIRECTLY TO THE RECIPIENT, SUBSTANTIATING AMOUNTS BASED ON BILLS AND OTHER FINANCIAL DOCUMENTATION SUBMITTED. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS DISTRIBUTED VIA EMAIL AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF SUCH INTERESTED PERSON'S FINANCIAL INTEREST TO THE BOARD OF TRUSTEES AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 MONITORING AND ENFORCING CONFLICT OF INTEREST CONSISTS OF RENEWING DISCLOSURE STATEMENTS ANNUALLY. FORM 990, PART XII, LINE 2C: THIS PROCESS IS NEW TO THE CURRENT YEAR, AS THE FOUNDATION WAS FORMED IN 2024.