Ifma Educational Foundation
- Assets
- $2.0m
- Revenue
- $215.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 23-7220674
Organization Overview
Ifma Educational Foundation is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifma Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ifma Educational Foundation generated $215.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $133.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY PURPOSE IS TO FUND SCHOLARSHIPS AND SUPPORT CURRICULUM AND TRAINING PROGRAMS FOR PERSONS INTERESTED IN A CAREER IN THE FOODSERVICE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND INTERNSHIP PROGRAM FOR COLLEGES/UNIVERSITY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Obekfell CEO Thru 12/2021 | OfficerTrustee | 1 | $0 |
Alec Frisch Chairman | OfficerTrustee | 0.25 | $0 |
Jennifer Tarulis CFO | Officer | 1 | $0 |
Hugh Roth Trustee | Trustee | 0.25 | $0 |
Zach Ramos Trustee | Trustee | 0.25 | $0 |
Tim Wayne Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,535 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,012 |
| Fees for services: Other | $57,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $747 |
| Total functional expenses | $133,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,079,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $876,975 |
| Total assets | $1,971,179 |
| Accounts payable and accrued expenses | $210,700 |
| Grants payable | $0 |
| Deferred revenue | $162,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $373,400 |
| Net assets without donor restrictions | $1,597,779 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,971,179 |
Grants Awarded
Over the last fiscal year, Ifma Educational Foundation has awarded $50,535 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROGRAM SUPPORT | $25,535 |
New Orleans, LA PURPOSE: PROGRAM SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ifma Educational Foundation has recieved totaling $12,600.
| Awarding Organization | Amount |
|---|---|
Society Of Independent Show Organizers Inc Marietta, GA PURPOSE: SUPPORT FOR PCMA SCHOLARSHIP FUNDRAISER | $10,000 |
Conferencedirect Foundation West Hollywood, CA PURPOSE: CHARITABLE | $2,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Islamic Food And Nutriton Council Of America Des Plaines, IL | $98,247,157 | $25,774,259 |
Produce For Better Health Foundation Brentwood, MO | $4,913,115 | $2,245,758 |
Little Buns Inc 2 Chicago, IL | $256,696 | $2,571,702 |
Dependent Care Management Inc Zionsville, IN | $0 | $2,226,772 |
Urban Growers Collective Inc Chicago, IL | $5,224,971 | $4,434,892 |
Food Fix Campaign Inc Chicago, IL | $621,218 | $2,655,350 |
Nutrition & Health Associates Inc Janesville, WI | $874,072 | $1,092,235 |
Society For Nutrition Education And Behavior Indianapolis, IN | $795,632 | $848,916 |
Nutrition For Children Inc Champaign, IL | $99,161 | $760,311 |
Stop Foodborne Illness Inc Chicago, IL | $1,013,592 | $962,783 |
Seniors United For Nutrition Program Inc Dodgeville, WI | $264,917 | $713,893 |
Fairshare Csa Coalition Inc Madison, WI | $439,447 | $744,114 |