Civic Intelligence

Ifma Educational Foundation

990 • Fiscal year 2012 • EIN 23-7220674

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 15, 2013

Organization ProfileWWW.ifmaworld.com
180 N Stetson AvenueSuite 85060601
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.22x

Higher debt load relative to assets than 60% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

94th percentile

65%

Faster asset growth than 94% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$1,020,131

Up $403,273 (+65%) from 2011

Net Assets

Up

$799,841

Up $241,983 (+43%) from 2011

Liabilities

Up

$220,290

Up $161,290 (+273%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$199,446

Up $115,405 (+137%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $616,858Liabilities 2011: $59,000Net Assets 2011: $557,8582011Assets 2012: $1,020,131Liabilities 2012: $220,290Net Assets 2012: $799,8412012Assets 2013: $1,027,824Liabilities 2013: $117,840Net Assets 2013: $909,9842013Assets 2014: $1,119,140Liabilities 2014: $210,014Net Assets 2014: $909,1262014Assets 2015: $1,065,291Liabilities 2015: $182,950Net Assets 2015: $882,3412015Assets 2016: $1,056,610Liabilities 2016: $223,850Net Assets 2016: $832,7602016Assets 2017: $1,167,909Liabilities 2017: $178,777Net Assets 2017: $989,1322017Assets 2018: $1,177,692Liabilities 2018: $302,305Net Assets 2018: $875,3872018Assets 2019: $1,343,149Liabilities 2019: $330,780Net Assets 2019: $1,012,3692019Assets 2020: $1,265,828Liabilities 2020: $194,982Net Assets 2020: $1,070,8462020Assets 2021: $1,971,179Liabilities 2021: $373,400Net Assets 2021: $1,597,7792021Assets 2022: $1,869,167Liabilities 2022: $136,763Net Assets 2022: $1,732,4042022Assets 2023: $1,680,499Liabilities 2023: $14,500Net Assets 2023: $1,665,9992023Assets 2024: $1,732,868Liabilities 2024: $205,500Net Assets 2024: $1,527,3682024

Highlighted filing

2012

Assets$1,020,131
Liabilities$220,290
Net Assets$799,841
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $84,0412011Expenses 2012: $199,4462012Revenue 2013: $259,937Expenses 2013: $189,856Net Income 2013: $70,0812013Revenue 2014: $288,172Expenses 2014: $289,030Net Income 2014: -$8582014Revenue 2015: $347,073Expenses 2015: $307,129Net Income 2015: $39,9442015Revenue 2016: $218,994Expenses 2016: $271,692Net Income 2016: -$52,6982016Revenue 2017: $352,452Expenses 2017: $333,927Net Income 2017: $18,5252017Revenue 2018: $282,571Expenses 2018: $399,099Net Income 2018: -$116,5282018Revenue 2019: $286,988Expenses 2019: $349,069Net Income 2019: -$62,0812019Revenue 2020: $255,050Expenses 2020: $82,816Net Income 2020: $172,2342020Revenue 2021: $215,500Expenses 2021: $133,294Net Income 2021: $82,2062021Revenue 2022: $481,885Expenses 2022: $509,960Net Income 2022: -$28,0752022Revenue 2023: $544,486Expenses 2023: $475,585Net Income 2023: $68,9012023Revenue 2024: $498,756Expenses 2024: $636,991Net Income 2024: -$138,2352024

Highlighted filing

2012

Revenue-
Expenses$199,446
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 15, 2013
Return Version
2012v2.1
Gross Receipts
$637,216
Mission and Program Overview

Mission

Primary purpose is to fund scholarships and support curriculum and training programs for persons interested in a career in the foodservice industry.

Major Activities

Activity 2
Scholarship AND INTERNSHIP PROGRAM FOR COLLEGES/UNIVERSITY STUDENTS.
Filing and Contact Details

Filer

EIN
23-7220674
Raw XML AppendixShowing 400 of 485 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Foundation follows Accounting Standards Codification("ASC") 740-10-25 "Accounting for Uncertainty in Income Taxes". Under ASC 740-10-25, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than-not that the position will be sustained. The Foundation does not believe that there are any unrecognized tax benefits that should be recorded. No interest or penalties were recorded or included in the statements of activities for the years ended December 31, 2012 and 2011. Tax years going back to 2009 remain open.
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0Scholarships
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Colleges and universities with programs related to the organization's exempt purpose are pre-selected. These institutions select deserving students based upon merit for the awards. The college or university assures that funds are properly used.
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IRS990ScheduleO/GeneralExplanation/Explanation0The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation1The organization's form 990 undergoes a number of internal and external reviews before it is filed with the IRS. The return is prepared by the organization's public accounting firm, BDO USA, LLP and is reviewed by the organization's Chief Financial Officer.
IRS990ScheduleO/GeneralExplanation/Explanation2The CONFLICT OF INTEREST Policy is reviewed at each Board meeting and annually employees are requested to sign agreement and compliance with policy.
IRS990ScheduleO/GeneralExplanation/Explanation3There are no compensation policies since the organization has no paid employees.
IRS990ScheduleO/GeneralExplanation/Explanation4This organization shall at all times maintain a program known as the International Gold and Silver Plate Society (the "Society"), governed by a Council to which the board of trustees delegates responsibility and authority to (a) provide grants to educational institutions to support stipends for students participating in internships related to their study of foodservice, including, but not limited to, foodservice marketing, culinary studies, and food science; and (b) pay reasonable costs associated with the administration of the foregoing programs; using funds held or designated by this organization for such purposes. The Council shall consist of nine (9) individuals, including the President of IFMA, two other members of the IFMA Executive Committee, and six representatives of winners of the International Gold and Silver Plate Award. The Council shall strive to have each award category be represented on the Council. Each Council member shall be appointed for a term of two years, except the President of IFMA and the two other members of the IFMA Executive Committee, whose term as a Council member shall end when his or her term as IFMA Board member ends. Each member of the Council shall have one vote on any matter that comes before the Council. The presence of at least one-half of the total number of Council members shall constitute a quorum for a meeting of the Council. Representatives of the Council will meet annually. The Council will then approve the stipend grants directly to the selected colleges and universities.
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IRS990ScheduleO/GeneralExplanation/Identifier2Part VI, Line 12c
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IRS990ScheduleO/GeneralExplanation/Identifier4PART VI, LINE 4
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IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg0false
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/Form990ScheduleRPartII/EIN0362406517
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(6)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0IL
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10INT'L Foodservice manufacturers assoc
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0Education
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0N/A
IRS990ScheduleR/Form990ScheduleRPartVII/Explanation0IFMA Foundation has close relationship to IFMA - Contributions primarily solicited from IFMA members. IFMA staff also supports IFMA Foundation, Board members overlap. Awareness and fundraising activities held at IFMA functions. Education materials provided to schools are purchased from IFMA (at market rate).
IRS990ScheduleR/Form990ScheduleRPartVII/Identifier0PART V
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0false
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0false
IRS990ScheduleR/OtherTransferFromOtherOrg0false
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0true
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0true
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0false
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0false
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs0false
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs0false
IRS990ScheduleR/SaleOfAssetsToOtherOrg0false
IRS990ScheduleR/SharingOfFacilities0true
IRS990ScheduleR/SharingOfPaidEmployees0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0IL
IRS990/StatesWhereCopyOfReturnIsFiled0IL
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBondLiabilities/BOY00
IRS990/TaxExemptBondLiabilities/EOY00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,020,131
Liabilities
$220,290
Net assets
$799,841
Revenue
-
Expenses
$199,446
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.21$1.53$0.50$0.64$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.01$1.67$0.54$0.48$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.14$1.73$0.48$0.51$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.37$1.60$0.22$0.13$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.19$1.07$0.26$0.08$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.33$1.01$0.29$0.35$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.30$0.88$0.28$0.40$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.18$0.99$0.35$0.33$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.22$0.83$0.22$0.27$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.18$0.88$0.35$0.31$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.21$0.91$0.29$0.29$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.03$0.12$0.91$0.26$0.19$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.22$0.80$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.06$0.56$0.08