Skip to main content
Filing year 2024

ION BANK FOUNDATION INC

Naugatuck, Connecticut·EIN 06-1513293·NTEE T22Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$2.8M
Total assets
$14.8M
Total expenses
$1.1M
Reported officers
13

Reported officers (all unpaid)

No paid executives reported in 2024. ION BANK FOUNDATION INC reported 13 unpaid officers and board members on its 990-PF.

Secretary
Director
Director
President & CEO
Director
Treasurer
Director
Executive Director
Director
Director
Director
Director
Director

Grants paid

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

Total granted

$991k

Itemized grants

410

Median grant

$500

RecipientLocationPurposeAmount
UNITED WAY OF NAUGATUCK & BEACON FALLSNAUGATUCK, CT"ECONOMIC EMPOWERMENT PROGRAMS"$104k
UNITED WAY OF GREATER WATERBURYWATERBURY, CT"BOOSTING SERVICES FOR GUESTS AT SOUTH PARK"$70k
UNITED WAY OF GREATER WATERBURYWATERBURY, CT"ANNUAL EMPLOYEE COMPAIGN CONTRIBUTIONS"$49k
CONNECTICUT COMMUNITY FOUNDATIONWATERBURY, CT"GIVE LOCAL"$42k
WATERBURY PROMISE INCWATERBURY, CT"MATCHING GRANT$25k
CONNECTICUT COMMUNITY FOUNDATIONWATERBURY, CT"COMMUNITY AWARDS 2023"$25k
NAUGATUCK YMCANAUGATUCK, CT"DINNER SPONSORSHIP"$16k
UNITED WAY OF GREATER WATERBURYWATERBURY, CT"COMMUNITY AWARDS 2023"$15k
NAUGATUCK ECONOMIC DEVELOPMENT CORPNAUGATUCK, CT"CONTRIBUTION"$11k
GRIFFIN HOSPITAL DEVELOPMENT FUND INCDERBY, CT"RELAY FOR LIFE GREATER WATERBURY"$11k
CAREER RESOURCES INCBRIDGEPORT, CT"SPONSORSHIP"$10k
POLICE ATHLETIC LEAGUE OF PARSIPPANY-TROY HILLSPARSIPPANY, NJ"SYMPHONY SUPPORT"$10k
ELIM PARK BAPTIST HOME INCCHESHIRE, CT"DANCING WITH THE STARS"$10k
OPERATION FUELHARTFORD, CT"FOOD FOR THE HOLIDAYS"$10k
WOMENS BUSINESS DEVELOPMENT COUNCIL INCSTAMFORD, CT"LIFELINE FUND: IMMEDIATE SUPPORT FOR SENIORS"$10k
ECUMENICAL FOOD BANK INCNAUGATUCK, CT"EQUITY MATCH GRANT PROGRAM"$10k
GREATER WATERBURY INTERFAITH MINISTRIES INCWATERBURY, CT"DONATION"$10k
THE SALVATION ARMYWATERBURY, CT"DONATION"$10k
ST VINCENT DEPAUL MISSION OF WATERBURYWATERBURY, CT"DONATION"$10k
UNITED WAY OF CENTRAL AND NORTHEASTERN CONNECTICUTHARTFORD, CT"DONATION"$10k
JERSEY BATTERED WOMES SERVICES INCMORRISTOWN, NJ"PARENT AND COMMUNITY PROGRAM"$8k
NAUGATUCK AMBULANCE INCNAUGATUCK, CT"LAPTOP/HOTSPOT SUPPORT"$8k
SEVEN ANGELS THEATREWATERBURY, CT"A NIGHT AT THE CLUB"$8k
NEW JERSEY ANGELSJACKSON TOWNSHIP, NJ"HELPING HEARTS HEAL"$8k
HANDS ON HARTFORD INCHARTFORD, CT"DAY SUPPORT - AMERICAN SIGH LANGUAGE COURSE"$8k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

ION BANK FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$837k
$1.3M
2023
$2.8M
$1.1M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Connecticut

ION BANK FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Connecticut earns a median of $31,500.

25th percentile
$8k
Median
$31,500
75th percentile
$95k
90th percentile
$218k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 377 organizations across 377 filings (2021 – 2024).

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

Common questions about ION BANK FOUNDATION INC

What are ION BANK FOUNDATION INC's revenue and expenses?

In 2024, ION BANK FOUNDATION INC reported $2.8M in total revenue and $1.1M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

ION BANK FOUNDATION INC | Naugatuck, CT | Pay | Lucido