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Filing year 2024

IBC FOUNDATION

Laredo, Texas·EIN 74-2902265·NTEE T21 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$882k
Total assets
$3.5M
Total expenses
$2.1M
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. IBC FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

Director/president
Secretary
Director/vp/treasurer
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$2.1M

Itemized grants

5

Median grant

$400k

RecipientLocationPurposeAmount
MD ANDERSON CANCER CENTERHOUSTON, TXENDOWMENT$1M
UT HEALTH SCIENCE CENTERSAN ANTONIO, TXMASS SPECTROMETER$400k
UT HEALTH SCIENCE CENTERSAN ANTONIO, TXENDOWED PROFESSORSHIPS$400k
ST MARY'S UNIVERSITYSAN ANTONIO, TXNURSING WING$250k
UT HEALTH SCIENCE CENTERSAN ANTONIO, TXWILLIAM HEINRICH MEMORIAL ENDOWMENT$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

IBC FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.8M
$1.2M
2023
$882k
$2.1M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Texas

IBC FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Texas earns a median of $14,224.

25th percentile
$5k
Median
$14,224
75th percentile
$43k
90th percentile
$112k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 4,499 organizations across 4,499 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Texas
FAQ

Common questions about IBC FOUNDATION

What are IBC FOUNDATION's revenue and expenses?

In 2024, IBC FOUNDATION reported $882k in total revenue and $2.1M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.