Foundation For Information Accountability And Governance
- Assets
- $805.0k
- Revenue
- $643.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-1416947
Organization Overview
Foundation For Information Accountability And Governance is located in Little Rock, AR. The organization was established in 2013. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Information Accountability And Governance 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, Foundation For Information Accountability And Governance generated $643.3k 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 (4.5%) each year. All expenses for the organization totaled $760.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
GLOBAL INFO POLICY THINK TANK-CREATES SCHOLARSHIP & EDUCATION ON POLICIES & PROCESSES NECESSARY TO USE DATA WISELY THAT SERVES PEOPLE. THE IAF GOAL, IS TO ACHIEVE EFFECTIVE INFORMATION GOVERNANCE SYSTEMS TO FACILITATE INFO-DRIVEN INNOVATION RESPECTFUL OF RIGHT TO FAIR PROCESSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IAF BEGAN TO TAKE THE DEFINITION FOR ADVERSE PROCESSING IMPACTS FROM THE FAIR AND OPEN USE ACT AS THE BASIS FOR ASSESSING FUTURE LEGISLATION IN THE UNITED STATES AND OTHER COUNTRIES, SUCH AS CANADA, THAT WERE CONSIDERING LEGISLATION. THE PURPOSE WAS TO SET CLEAR, ACTIONABLE OBJECTIVES FOR THE NEXT GENERATIONS OF DATA AND DIGITAL POLICY LEGISLATION.THE IAF BEGAN A NEW PROJECT TO LINK THE ACCOUNTABILITY PRINCIPLE TO THE MATURITY MAP FOR ORGANIZATIONS PRIVACY OPERATIONS.THE IAF EXPLORED HOW THE PROPORTIONALITY PRINCIPLE COULD BETTER BE LINKED TO RISK TO PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Taylor Chairman | OfficerTrustee | 8 | $0 |
Martin Abrams Executive Director | Officer | 30 | $0 |
Jennifer B Glasgow Treasurer | Officer | 2 | $0 |
Barbara Lawler Secretary | Officer | 30 | $0 |
Michelle Richardson Director | Trustee | 5 | $0 |
Sheila J Colclasure Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martin Abrams And Associates Llc Management | 12/30/21 | $203,400 |
Global Information Governance Solut Consulting | 12/30/21 | $120,000 |
Indicium Llc Consulting | 12/30/21 | $108,000 |
Digital Stewardship Strategies Management | 12/30/21 | $135,000 |
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 | $643,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,000 |
| Total Program Service Revenue | $0 |
| Investment income | $342 |
| 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 | $643,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $386,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $341,715 |
| Advertising and promotion | $0 |
| Office expenses | $1,673 |
| Information technology | $1,756 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,666 |
| All other expenses | $0 |
| Total functional expenses | $760,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,723 |
| Savings and temporary cash investments | $675,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,000 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $804,996 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $804,996 |
| 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 | $804,996 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Safe Skies Alliance Inc Louisville, TN | $472,651 | $4,638,557 |
Cis Conference Inc Sherman, TX | $3,243,722 | $396,603 |
Snell Foundation Inc Biloxi, MS | $3,848,629 | $1,656,850 |
Missouri Universal Service Fund Inc Jefferson City, MO | $882,014 | $360 |
Foundation For Information Accountability And Governance Little Rock, AR | $804,996 | $643,342 |
Texas Watch Austin, TX | $399,920 | $488,720 |
St Joseph Safety And Health Council Inc Saint Joseph, MO | $179,134 | $411,738 |
Scamawarenessorg Dallas, TX | $0 | $0 |
Cameron Missouri Veterans Home Assistance League Cameron, MO | $617,857 | $242,816 |
Texas Public Interest Research Group Education Fund Inc Austin, TX | $15,371 | $0 |
Better Business Bureau Consumer Education Foundation Beaumont, TX | $24,664 | $0 |
Missouri Association For Persons With Intellectual Disabilities Inc Cape Girardeau, MO | $1,200,176 | $40,992 |