Civic Intelligence

Ife Foundation

990 • Fiscal year 2023 • EIN 45-3819689

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 30, 2024

Organization ProfileN/A
2443 South University Blvd 306Denver, CO 80210

(720) 288-2828

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

3rd percentile

0.00x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

1st percentile

-233%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

71st percentile

15%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-61%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$35,242,430

Up $4,523,295 (+15%) from 2022

Net Assets

Up

$35,242,430

Up $4,523,295 (+15%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin1st percentile

Revenue

Down

$593,602

Down $922,781 (-61%) from 2022

Expenses

Up

$1,979,058

Up $201,850 (+11%) from 2022

Net Income

Down

-$1,385,456

Down $1,124,631 (-431%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$60M$40M$20M$0Assets 2012: $4,965,116Liabilities 2012: $1,134Net Assets 2012: $4,963,9822012Assets 2013: $6,766,076Liabilities 2013: $1,026Net Assets 2013: $6,765,0502013Assets 2014: $6,637,794Liabilities 2014: $771Net Assets 2014: $6,637,0232014Assets 2015: $6,454,677Liabilities 2015: $648Net Assets 2015: $6,454,0292015Assets 2016: $6,194,810Liabilities 2016: $2,550Net Assets 2016: $6,192,2602016Assets 2017: $25,885,199Liabilities 2017: $0Net Assets 2017: $25,885,1992017Assets 2018: $23,098,299Liabilities 2018: $0Net Assets 2018: $23,098,2992018Assets 2019: $40,619,828Liabilities 2019: $0Net Assets 2019: $40,619,8282019Assets 2020: $36,842,756Liabilities 2020: $0Net Assets 2020: $36,842,7562020Assets 2021: $38,312,987Liabilities 2021: $0Net Assets 2021: $38,312,9872021Assets 2022: $30,719,135Liabilities 2022: $0Net Assets 2022: $30,719,1352022Assets 2023: $35,242,430Liabilities 2023: $0Net Assets 2023: $35,242,4302023Assets 2024: $43,762,433Liabilities 2024: $0Net Assets 2024: $43,762,4332024

Highlighted filing

2023

Assets$35,242,430
Liabilities$0
Net Assets$35,242,430
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$30M$20M$10M$0-$10MRevenue 2012: $5,242,395Expenses 2012: $278,413Net Income 2012: $4,963,9822012Revenue 2013: $2,151,411Expenses 2013: $350,343Net Income 2013: $1,801,0682013Revenue 2014: $350,679Expenses 2014: $478,706Net Income 2014: -$128,0272014Revenue 2015: $308,973Expenses 2015: $491,967Net Income 2015: -$182,9942015Revenue 2016: $194,111Expenses 2016: $455,880Net Income 2016: -$261,7692016Revenue 2017: $20,093,294Expenses 2017: $400,355Net Income 2017: $19,692,9392017Revenue 2018: $987,131Expenses 2018: $2,923,844Net Income 2018: -$1,936,7132018Revenue 2019: $14,271,515Expenses 2019: $1,681,074Net Income 2019: $12,590,4412019Revenue 2020: -$2,308,051Expenses 2020: $1,377,001Net Income 2020: -$3,685,0522020Revenue 2021: $3,012,688Expenses 2021: $2,703,198Net Income 2021: $309,4902021Revenue 2022: $1,516,383Expenses 2022: $1,777,208Net Income 2022: -$260,8252022Revenue 2023: $593,602Expenses 2023: $1,979,058Net Income 2023: -$1,385,4562023Revenue 2024: $6,377,319Expenses 2024: $1,767,061Net Income 2024: $4,610,2582024

Highlighted filing

2023

Revenue$593,602
Expenses$1,979,058
Net Income-$1,385,456
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 30, 2024
Return Version
2023v5.1
Gross Receipts
$4,232,732
Mission and Program Overview

Mission

To further charitable purposes by charitable grant making; provided that all such grants shall be made to organizations or entities exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$31,419,135$35,242,430▲ $3,823,295
Investments in Publicly Traded Securities$15,638,755$20,798,188▲ $5,159,433
Intangible Assets$13,500,000$13,500,000→ $0
Other Notes and Loans Receivable, Net$692,889$623,086▼ $69,803
Savings and Temporary Cash Investments$705,338$301,863▼ $403,475
Accounts Receivable$882,153$19,293▼ $862,860
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$31,419,135$35,242,430▲ $3,823,295
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,419,135$35,242,430▲ $3,823,295
Total Liabilities and Net Assets / Fund Balance$31,419,135$35,242,430▲ $3,823,295
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Jason BulePresident
Bill LeickDirector
Nathan LutzDirector
Ted EslerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-12,969
Other Revenue
$606,571
Change in Net Assets
$-1,385,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,945,548
Other Expenses$33,510
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,945,548--$1,945,548
Fees for Services Management-$17,450-$17,450
Travel$11,760--$11,760
Conferences and Meetings$2,254--$2,254
Fees for Services Accounting-$1,509-$1,509
Office Expenses-$537-$537
Total Functional Expenses$1,959,562$19,496$0$1,979,058
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BeyondPlano, TX501(c)(3)General Support$500,000
Impact IndonesiaFayetteville, GA501(c)(3)General Support$452,253
All NationsGrandview, MO501(c)(3)General Support$300,000
OC InternationalColorado Spring, CO501(c)(3)General Support$300,000
Mio FrontiersPhoenix, AZ501(c)(3)General Support$192,295
Scriptures in UseGreen Valley, AZ501(c)(3)General Support$150,000
New Horizons MinistriesColorado Spring, CO501(c)(3)General Support$31,000
Near East Organization IncAnaheim, CA501(c)(3)General Support$20,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-SupplementalRoyaltiesNo$606,571

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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is presented to Board Members and Organization's attorney for review prior to signature by the President.”

Form 990, Part VI, Section B, Line 12C

“President reviews conflict policy individually with Board Members at periodic intervals.”

Form 990, Part VI, Section B, Line 15B

“Directors and Officers are not compensated. The Organization has no employees. Administrative and accounting assistance is provided by contractors all of whom are independent and disinterested persons and whose fees are approved by the Board of Directors.”

Form 990, Part VI, Section C, Line 19

“Form 990, Form 1023, and IRS determination letter are publicly available. Other governing documents, policies, and financial statements are not available to the public.”

Filing and Contact Details

Filer

Filer Name
IFE Foundation
EIN
45-3819689
Phone
7202882828
Address
2443 South University Blvd 306, Denver, CO 80210

Signing Officer

Name
Jason Bule
Title
President
Signed
2024-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Bule
Formed
2011
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Mogg & Associates LLC
Address
5601 S Broadway Ste 440, Littleton, CO 80121
Preparer
Bryan D Mogg
Phone
7209459100
Raw XML AppendixShowing 400 of 429 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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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7General Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0All Nations
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Beyond
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Impact Indonesia
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Mio Frontiers
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Near East Organization Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5New Horizons Ministries
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6OC International
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Scriptures in Use
IRS990ScheduleI/RecipientTable/RecipientEIN0870701288
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IRS990ScheduleI/RecipientTable/RecipientEIN5841123082
IRS990ScheduleI/RecipientTable/RecipientEIN6941501634
IRS990ScheduleI/RecipientTable/RecipientEIN7860578728
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 55
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 860548
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2135 Gray Fox Pt
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 60730
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41240 N Lakeview Ave Ste 120
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt55550 Tech Center Dr Ste 303
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt65801 North Union Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt775 W Calle De Las Tiendas
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Grandview
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Plano
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Fayetteville
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Phoenix
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Anaheim
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Colorado Spring
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Colorado Spring
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Green Valley
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3AZ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7AZ
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd680918
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd785614
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Expenditure status and purpose compliance reports are reviewed when periodically received back from recipient organizations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt08
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PlasmaCAM Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Supplemental
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0606571
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Royalties
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0On December 27, 2019, IFE Foundation received as a charitable grant from another tax-exempt organization described in Section 501(c)(3) certain intellectual property. Such intellectual property had previously been licensed to a corporation which was 100% owned by Jason Bule, who is a director and officer of IFE Foundation, for use in the production of a device for controlled cutting of metal. The license agreement was also assigned to IFE Foundation along with the intellectual property. Under the license agreement, the licensee pays fair market royalties based upon its sales using the intellectual property. During the year ended December 31, 2023, IFE Foundation earned $606,571 in royalties under the license agreement, which also reflects a receivable balance in the amount of $19,293. Such balance was paid early in 2024, according to the terms of the agreement.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is presented to Board Members and Organization's attorney for review prior to signature by the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1President reviews conflict policy individually with Board Members at periodic intervals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Directors and Officers are not compensated. The Organization has no employees. Administrative and accounting assistance is provided by contractors all of whom are independent and disinterested persons and whose fees are approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Form 1023, and IRS determination letter are publicly available. Other governing documents, policies, and financial statements are not available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01959562
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IRS990/USAddress/AddressLine1Txt02443 South University Blvd 306
IRS990/USAddress/CityNm0Denver
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IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,242,430
Liabilities
$0
Net assets
$35,242,430
Revenue
$593,602
Expenses
$1,979,058
Net income
-$1,385,456
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$43.8$0.00$43.8$6.38$1.77$4.61
2023Detailed filing. Detailed filing data is available for this year.$35.2$0.00$35.2$0.59$1.98$1.39
2022Detailed filing. Detailed filing data is available for this year.$30.7$0.00$30.7$1.52$1.78$0.26
2021Detailed filing. Detailed filing data is available for this year.$38.3$0.00$38.3$3.01$2.70$0.31
2020Detailed filing. Detailed filing data is available for this year.$36.8$0.00$36.8$2.31$1.38$3.69
2019Detailed filing. Detailed filing data is available for this year.$40.6$0.00$40.6$14.3$1.68$12.6
2018Detailed filing. Detailed filing data is available for this year.$23.1$0.00$23.1$0.99$2.92$1.94
2017Summary only. Only limited summary data is available for this year.$25.9$0.00$25.9$20.1$0.40$19.7
2016Summary only. Only limited summary data is available for this year.$6.19$0.00$6.19$0.19$0.46$0.26
2015Summary only. Only limited summary data is available for this year.$6.45$0.00$6.45$0.31$0.49$0.18
2014Summary only. Only limited summary data is available for this year.$6.64$0.00$6.64$0.35$0.48$0.13
2013Summary only. Only limited summary data is available for this year.$6.77$0.00$6.77$2.15$0.35$1.80
2012Summary only. Only limited summary data is available for this year.$4.97$0.00$4.96$5.24$0.28$4.96