Iabc Foundation
- Assets
- $130.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1982
- Data as of
- 12/2022
- EIN
- 94-2804924
Organization Overview
Iabc Foundation is located in Chicago, IL. The organization was established in 1982. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iabc 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 12/2022, Iabc Foundation generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $6.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE IABC FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION THAT FUNDS AND SUPPORTS STRATEGIC INITIATIVES TO SUPPORT IABC'S MISSION AND TO DEMONSTRATE THE POWER OF PROFESSIONAL COMMUNICATION AS A FORCE FOR GOOD IN BUSINESS AND SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alain Legault Chair | 1 | $0 | |
Maliha Aqeel Vice Chair | 1 | $0 | |
Danielle Bond Immediate Past Chair | 1 | $0 | |
Ann-Marie Blake Secretary/treasurer | 1 | $0 | |
Ed Kamrin Director | 1 | $0 | |
Julie Ludwig Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $861 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,861 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,879 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $640 |
| Total expenses | $6,519 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,594 |
| Other assets | $0 |
| Total assets | $130,751 |
| Total liabilities | $20,509 |
| Net assets or fund balances | $110,242 |