Ifa Foundation
- Assets
- $8.7m
- Revenue
- $918.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1984
- Data as of
- 10/2023
- EIN
- 52-1358631
Organization Overview
Ifa Foundation is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifa 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 10/2023, Ifa Foundation generated $918.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.2m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ifa Foundation has awarded 15 individual grants totaling $112,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING FRANCHISING AND THE FREE ENTERPRISE SYSTEM BY:--INCREASING THE KNOWLEDGE AND PROFESSIONAL STANDARDS OF ALL MEMBERS OF THE FRANCHISING COMMUNITY,--EDUCATING THE NEXT GENERATION OF FRANCHISING PRACTITIONERS,--INCREASING RECOGNITION OF FRANCHISING'S KEY ROLE IN THE FREE ENTERPRISE SYSTEM, AND--PROVIDING COMPREHENSIVE INFORMATION AND RESEARCH ABOUT IMPORTANT DEVELOPMENTS AND TRENDS IN FRANCHISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND OPERATED TO USE FUNDS DONATED BY IFA MEMBERS AND OTHERS, AND OTHER FUNDRAISING ACTIVITIES, TO FULFILL EDUCATIONAL OBJECTIVES, TO PROMOTE PROFESSIONAL DEVELOPMENT, AND TO EXPAND THE KNOWLEDGE AND AWARENESS OF FRANCHISING. THE FOUNDATION ALSO CONDUCTS AND SUPPORTS RESEARCH INTO ALL ASPECTS OF FRANCHISING, AND PROVIDES SCHOLARSHIPS TO STUDENTS ENGAGED IN BUSINESS STUDIES AT COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Monaghan Cfe Chairman | OfficerTrustee | 0.3 | $0 |
Tony Valle Cfe Immediate Past Chair | OfficerTrustee | 0.3 | $0 |
Earsa Jackson Cfe Chair, Diversity Institute | Trustee | 0.3 | $0 |
Steve White 1st Vice Chair | Trustee | 0.3 | $0 |
Ralph Yarusso Cfe Chair, Vetfran | Trustee | 0.6 | $0 |
Stan Friedman At Large Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhousecoopers Consulting | 10/30/16 | $472,564 |
Fish Consulting Public Relations | 10/30/16 | $146,579 |
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 | $715,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,149 |
| Total Program Service Revenue | $0 |
| Investment income | $202,839 |
| 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 | $917,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $261,956 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,773 |
| 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 | $2,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,601 |
| Advertising and promotion | $0 |
| Office expenses | $6,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,218 |
| 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 | $12,186 |
| Total functional expenses | $1,152,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,397 |
| Pledges and grants receivable | $1,054,238 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,389,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,055,753 |
| Total assets | $8,685,284 |
| Accounts payable and accrued expenses | $33,247 |
| 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 | $657,869 |
| Total liabilities | $691,116 |
| Net assets without donor restrictions | $6,191,067 |
| Net assets with donor restrictions | $1,803,101 |
| 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 | $8,685,284 |
Grants Awarded
Over the last fiscal year, Ifa Foundation has awarded $31,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RICHARD J RUNDLE ELEMENTARY SCHOOL PURPOSE: FGB AWARD | $6,500 |
ALEX'S LEMONADE STAND FOUNDATION PURPOSE: FGB SPIRIT OF FRANCHISING GOLD AWARD | $5,000 |
DONORSCHOOSEORG PURPOSE: FGB ENDURING IMPACT GOLD AWARD | $5,000 |
PETALUMA ACTIVE 20-30 PURPOSE: FGB INNOVAQTION AND IMPACT GOLD AWARD | $5,000 |
THE ALEETHIA FOUNDATION PURPOSE: FGB SUPPORT OUR VETERANS GOLD AWARD | $5,000 |
USA SWIMMING FOUNDATION PURPOSE: FGB NEWCOMER SILVER AWARD | $5,000 |