Civic Intelligence

Ifa Foundation of North America Ifa Foundation of North America

990 • Fiscal year 2020 • EIN 36-3655118

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 19, 2021

4073 North Chinook LaneOrmond Beach, FL 32174

(386) 214-6489

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

46th percentile

4.0%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

37th percentile

1.0%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$890,588

Up $9,093 (+1.0%) from 2019

Net Assets

Up

$890,588

Up $9,093 (+1.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$229,372

Up $22,272 (+11%) from 2019

Expenses

Up

$220,279

Up $1,179 (+0.5%) from 2019

Net Income

Up

$9,093

Up $21,093 (+176%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $714,210Liabilities 2010: -$177,273Net Assets 2010: $891,4832010Assets 2011: $891,483Liabilities 2011: $0Net Assets 2011: $891,4832011Assets 2012: $930,393Liabilities 2012: $0Net Assets 2012: $930,3932012Assets 2013: $921,342Liabilities 2013: $0Net Assets 2013: $921,3422013Assets 2014: $965,300Liabilities 2014: $0Net Assets 2014: $965,3002014Assets 2015: $971,741Liabilities 2015: $0Net Assets 2015: $971,7412015Assets 2016: $881,213Liabilities 2016: $0Net Assets 2016: $881,2132016Assets 2017: $910,622Liabilities 2017: $0Net Assets 2017: $910,6222017Assets 2018: $893,495Liabilities 2018: $0Net Assets 2018: $893,4952018Assets 2019: $881,495Liabilities 2019: $0Net Assets 2019: $881,4952019Assets 2020: $890,588Liabilities 2020: $0Net Assets 2020: $890,5882020Assets 2021: $776,455Liabilities 2021: $0Net Assets 2021: $776,4552021Assets 2022: $676,790Liabilities 2022: $0Net Assets 2022: $676,7902022Assets 2023: $477,890Liabilities 2023: $0Net Assets 2023: $477,8902023Assets 2024: $477,890Liabilities 2024: $0Net Assets 2024: $477,8902024

Highlighted filing

2020

Assets$890,588
Liabilities$0
Net Assets$890,588

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $212,9952010Expenses 2011: $306,0002011Expenses 2012: $334,8502012Revenue 2013: $321,084Expenses 2013: $268,940Net Income 2013: $52,1442013Revenue 2014: $314,318Expenses 2014: $270,360Net Income 2014: $43,9582014Revenue 2015: $326,032Expenses 2015: $293,391Net Income 2015: $32,6412015Revenue 2016: $244,355Expenses 2016: $215,628Net Income 2016: $28,7272016Revenue 2017: $276,690Expenses 2017: $247,119Net Income 2017: $29,5712017Revenue 2018: $215,800Expenses 2018: $232,500Net Income 2018: -$16,7002018Revenue 2019: $207,100Expenses 2019: $219,100Net Income 2019: -$12,0002019Revenue 2020: $229,372Expenses 2020: $220,279Net Income 2020: $9,0932020Revenue 2021: $274,885Expenses 2021: $336,403Net Income 2021: -$61,5182021Revenue 2022: $164,989Expenses 2022: $258,654Net Income 2022: -$93,6652022Revenue 2023: $206,780Expenses 2023: $82,614Net Income 2023: $124,1662023Revenue 2024: $184,031Expenses 2024: $47,100Net Income 2024: $136,9312024

Highlighted filing

2020

Revenue$229,372
Expenses$220,279
Net Income$9,093
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 19, 2021
Return Version
2020v4.0
Gross Receipts
$229,372
Mission and Program Overview

Mission

The Ifa Foundation through its Ola Olu Spiritual Retreat Workshops books and English and Spanish language websites provides education and service facilities to educate the public regarding the ancient African philosophy of Ifa. We create and maintain the only complete Sacred Orisha Gardens in the Western Hemisphere open to the public at no charge.

The Ifa Foundation through its Ola Olu Spiritual Retreat, Workshops, books and English and Spanish language websites provides education and service facilities to educate the public regarding the ancient African philosophy of Ifa. We create and maintain the only complete Sacred Orisha Gardens in the Western Hemisphere open to the public at no charge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$665,000$665,000→ $0
Pledges and Grants Receivable$198,810$198,810→ $0
Cash and Non-Interest-Bearing Accounts$17,685$26,778▲ $9,093
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$881,495$890,588▲ $9,093
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$881,495$890,588▲ $9,093
Total Net Assets Fund Balance$881,495$890,588▲ $9,093
Total Liabilities and Net Assets / Fund Balance$881,495$890,588▲ $9,093

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$665,000-$665,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Philip John NeimarkPresident & CEO
Glenn Marion LewisBoard Member
John StaffordBoard Member
Vassa NeimarkBoard Member
Tanya HusainSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$44,210
Program Service Revenue
$185,162
Investment Income
$0
Other Revenue
$0
All Other Contributions
$44,210
Change in Net Assets
$9,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$220,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$71,876--$71,876
Occupancy$23,792--$23,792
Advertising$14,388--$14,388
All Other Expenses$13,654--$13,654
Other Expenses$9,239--$9,239
Office Expenses$8,404--$8,404
Insurance$5,481--$5,481
Total Functional Expenses$220,279$0$0$220,279
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Philip Neimark and Vassa Neimark are married and Tanya Neimark is the daughter of Philip Neimark

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Ifa Foundation
EIN
36-3655118
Phone
3862146489
Address
4073 NORTH CHINOOK LANE, ORMOND BEACH, FL 32174

Signing Officer

Name
Vassa Neimark
Title
Board Member
Signed
2021-10-19
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
De
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Kathryn F Krause CPA Pa
Address
555 W GRANADA BLVD SUITE E5, ORMOND BEACH, FL 32174
Preparer
Kathryn F Krause CPA
Phone
3866711994
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0235016
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0211498
IRS990ScheduleA/Total509Grp/TotalAmt01050970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0215800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0172856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0215800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0235016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0211498
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01050970
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0665000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0665000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0665000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Philip Neimark and Vassa Neimark are married and Tanya Neimark is the daughter of Philip Neimark
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsEOYAmt0890588
IRS990/TotalAssetsGrp/BOYAmt0881495
IRS990/TotalAssetsGrp/EOYAmt0890588
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IRS990/TotalContributionsAmt044210
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0220279
IRS990/TotalFunctionalExpensesGrp/TotalAmt0220279
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0890588
IRS990/TotalProgramServiceExpensesAmt0220279
IRS990/TotalProgramServiceRevenueAmt0185162
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0185162
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229372
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0881495
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0890588
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0www.ifafoundation.org
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VASSA NEIMARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IFA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IFAF
ReturnHeader/Filer/EIN0363655118
ReturnHeader/Filer/PhoneNum03862146489
ReturnHeader/Filer/USAddress/AddressLine1Txt04073 NORTH CHINOOK LANE
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KATHRYN F KRAUSE CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 W GRANADA BLVD SUITE E5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORMOND BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032174
ReturnHeader/PreparerPersonGrp/PhoneNum03866711994
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kathryn F Krause CPA
ReturnHeader/ReturnTs02021-10-19T13:19:26-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VASSA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEIMARK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.78$0.00$4.78$1.84$0.47$1.37
2023Detailed filing. Detailed filing data is available for this year.$4.78$0.00$4.78$2.07$0.83$1.24
2022Detailed filing. Detailed filing data is available for this year.$6.77$0.00$6.77$1.65$2.59$0.94
2021Detailed filing. Detailed filing data is available for this year.$7.76$0.00$7.76$2.75$3.36$0.62
2020Detailed filing. Detailed filing data is available for this year.$8.91$0.00$8.91$2.29$2.20$0.09
2019Detailed filing. Detailed filing data is available for this year.$8.81$0.00$8.81$2.07$2.19$0.12
2018Detailed filing. Detailed filing data is available for this year.$8.93$0.00$8.93$2.16$2.33$0.17
2017Detailed filing. Detailed filing data is available for this year.$9.11$0.00$9.11$2.77$2.47$0.30
2016Detailed filing. Detailed filing data is available for this year.$8.81$0.00$8.81$2.44$2.16$0.29
2015Detailed filing. Detailed filing data is available for this year.$9.72$0.00$9.72$3.26$2.93$0.33
2014Detailed filing. Detailed filing data is available for this year.$9.65$0.00$9.65$3.14$2.70$0.44
2013Detailed filing. Detailed filing data is available for this year.$9.21$0.00$9.21$3.21$2.69$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$0.00$9.30$3.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.91$0.00$8.91$3.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.14$1.77$8.91$2.13