Civic Intelligence

The If Foundation Inc

EIN 46-3176588 • 501(c)3 • New York, NY

Profile

The if foundation seeks to improve and enable the health and well-being of families living in the farming regions of the north department of haiti through the development and support of sustainable solutions aimed at poverty alleviation, education and economic development. The if foundation will focus its resources on reducing food insecurity for families through agricultural development; nourishment of children and the promotion and education of healthy lifestyles. The foundation will implement its interventions in partnership with the community and invest in building local capacity and the evaluation of all its activities.

1 Rockefeller Plaza 2803New York, NY 10020

www.if-foundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

63rd percentile

9.0%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,894,794

Up $238,333 (+9.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,894,794

Up $238,333 (+9.0%) from 2023

Revenue

Up

$270,943

Up $28,845 (+12%) from 2023

Expenses

Up

$326,099

Up $49,038 (+18%) from 2023

Net Income

Down

-$55,156

Down $20,193 (-58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2014: $2,217,195Liabilities 2014: $0Net Assets 2014: $2,217,1952014Assets 2015: $2,001,126Liabilities 2015: $5,895Net Assets 2015: $1,995,2312015Assets 2016: $4,405,890Liabilities 2016: $1,716Net Assets 2016: $4,404,1742016Assets 2017: $5,113,915Liabilities 2017: $0Net Assets 2017: $5,113,9152017Assets 2018: $3,985,913Liabilities 2018: $0Net Assets 2018: $3,985,9132018Assets 2019: $2,577,203Liabilities 2019: $0Net Assets 2019: $2,577,2032019Assets 2020: $2,796,752Liabilities 2020: $0Net Assets 2020: $2,796,7522020Assets 2021: $2,934,752Liabilities 2021: $0Net Assets 2021: $2,934,7522021Assets 2022: $2,340,059Liabilities 2022: $0Net Assets 2022: $2,340,0592022Assets 2023: $2,656,461Liabilities 2023: $0Net Assets 2023: $2,656,4612023Assets 2024: $2,894,794Liabilities 2024: $0Net Assets 2024: $2,894,7942024

Highlighted filing

2024

Assets$2,894,794
Liabilities$0
Net Assets$2,894,794

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2014: $3,104,953Expenses 2014: $907,226Net Income 2014: $2,197,7272014Revenue 2015: $1,209,618Expenses 2015: $1,440,498Net Income 2015: -$230,8802015Revenue 2016: $3,286,058Expenses 2016: $1,320,639Net Income 2016: $1,965,4192016Revenue 2017: $1,344,258Expenses 2017: $960,938Net Income 2017: $383,3202017Revenue 2018: $981,993Expenses 2018: $1,074,056Net Income 2018: -$92,0632018Revenue 2019: $351,730Expenses 2019: $2,154,776Net Income 2019: -$1,803,0462019Revenue 2020: $246,524Expenses 2020: $289,927Net Income 2020: -$43,4032020Revenue 2021: $249,989Expenses 2021: $280,157Net Income 2021: -$30,1682021Revenue 2022: $245,899Expenses 2022: $307,099Net Income 2022: -$61,2002022Revenue 2023: $242,098Expenses 2023: $277,061Net Income 2023: -$34,9632023Revenue 2024: $270,943Expenses 2024: $326,099Net Income 2024: -$55,1562024

Highlighted filing

2024

Revenue$270,943
Expenses$326,099
Net Income-$55,156

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 16, 2025
Return Version
2024v5.2
Gross Receipts
$270,943
Mission and Program Overview

Mission

The if foundation seeks to improve and enable the health and well-being of families living in the farming regions of the north department of haiti through the development and support of sustainable solutions aimed at poverty alleviation, education and economic development. The if foundation will focus its resources on reducing food insecurity for families through agricultural development; nourishment of children and the promotion and education of healthy lifestyles. The foundation will implement its interventions in partnership with the community and invest in building local capacity and the evaluation of all its activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,153$1,741,010▲ $1,730,857
Investments in Publicly Traded Securities$2,616,550$1,124,026▼ $1,492,524
Accounts Receivable$29,758$29,758→ $0
Total Assets$2,656,461$2,894,794▲ $238,333
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,656,461$2,894,794▲ $238,333
Total Net Assets Fund Balance$2,656,461$2,894,794▲ $238,333
Total Liabilities and Net Assets / Fund Balance$2,656,461$2,894,794▲ $238,333
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas IovinoFounder and President
Jared SolomonBoard Member
Michael IovinoBoard Member
Sean ApgarBoard Member
Kurt SchwartzTreasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$196,200
Program Service Revenue
$0
Investment Income
$74,743
Other Revenue
$0
All Other Contributions
$196,200
Change in Net Assets
$-55,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$310,165
Other Expenses$15,934
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$310,165--$310,165
Fees for Services Accounting-$10,153-$10,153
Fees for Service Investment Mgmnt Fees-$3,239-$3,239
Insurance-$2,180-$2,180
Other Expenses-$275-$275
All Other Expenses-$73-$73
Office Expenses-$14-$14
Total Functional Expenses$310,165$15,934$0$326,099
International Activity

International Summary

Offices
0
Employees
0
Spending
$310,165

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServicesEconomic Development Work00$310,165
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

THERE ARE NO COMMITTEES.

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

The 990 is reviewed by management after it is prepared by our independent auditors. A copy of the 990 is provided to the board prior to its filing with the internal revenue service.

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

Relationships and new partnerships are vetted and approved at the board level.

Form 990, Part VI, Section B, Line 15

The foundation does not have any employees.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
The If Foundation Inc
EIN
46-3176588
Phone
6468136430
Address
1 ROCKEFELLER PLAZA 2803, NEW YORK, NY 10020

Signing Officer

Name
Thomas Iovino
Title
Founder/president
Phone
6468136430
Signed
2025-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Iovino
Formed
2013
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
GRASSI & CO CPA'S PC
Address
750 THIRD AVENUE 28TH FLOOR, NEW YORK, NY 10017
Preparer
David Rottkamp
Phone
2126616166
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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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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS MADE BY THE FOUNDATION ARE SUBJECT TO THE OVERSIGHT AND REPORTING REQUIREMENTS AS SET FORTH IN THE FOUNDATION'S GRANT LETTER AGREEMENT. THE FOUNDATION REQUIRES MONTHLY FINANCIAL AND PROGRAM UPDATES FROM THE DIRECTOR.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0310165
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY MANAGEMENT AFTER IT IS PREPARED BY OUR INDEPENDENT AUDITORS. A COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RELATIONSHIPS AND NEW PARTNERSHIPS ARE VETTED AND APPROVED AT THE BOARD LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1MS
IRS990/StatesWhereCopyOfReturnIsFldCd2NH
IRS990/StatesWhereCopyOfReturnIsFldCd3SC
IRS990/StatesWhereCopyOfReturnIsFldCd4IL
IRS990/StatesWhereCopyOfReturnIsFldCd5KS
IRS990/StatesWhereCopyOfReturnIsFldCd6MD
IRS990/StatesWhereCopyOfReturnIsFldCd7NJ
IRS990/StatesWhereCopyOfReturnIsFldCd8NM
IRS990/StatesWhereCopyOfReturnIsFldCd9TN
IRS990/StatesWhereCopyOfReturnIsFldCd10NC
IRS990/StatesWhereCopyOfReturnIsFldCd11MN
IRS990/StatesWhereCopyOfReturnIsFldCd12MI
IRS990/StatesWhereCopyOfReturnIsFldCd13DC
IRS990/StatesWhereCopyOfReturnIsFldCd14WI
IRS990/StatesWhereCopyOfReturnIsFldCd15CO
IRS990/StatesWhereCopyOfReturnIsFldCd16MA
IRS990/StatesWhereCopyOfReturnIsFldCd17AK
IRS990/StatesWhereCopyOfReturnIsFldCd18AR
IRS990/StatesWhereCopyOfReturnIsFldCd19CA
IRS990/StatesWhereCopyOfReturnIsFldCd20HI
IRS990/StatesWhereCopyOfReturnIsFldCd21KY
IRS990/StatesWhereCopyOfReturnIsFldCd22OH
IRS990/StatesWhereCopyOfReturnIsFldCd23OR
IRS990/StatesWhereCopyOfReturnIsFldCd24PA
IRS990/StatesWhereCopyOfReturnIsFldCd25VA
IRS990/StatesWhereCopyOfReturnIsFldCd26CT
IRS990/StatesWhereCopyOfReturnIsFldCd27ME
IRS990/StatesWhereCopyOfReturnIsFldCd28WA
IRS990/StatesWhereCopyOfReturnIsFldCd29OK
IRS990/StatesWhereCopyOfReturnIsFldCd30UT
IRS990/StatesWhereCopyOfReturnIsFldCd31RI
IRS990/StatesWhereCopyOfReturnIsFldCd32FL
IRS990/StatesWhereCopyOfReturnIsFldCd33WV
IRS990/StatesWhereCopyOfReturnIsFldCd34GA
IRS990/StatesWhereCopyOfReturnIsFldCd35AL
IRS990/StatesWhereCopyOfReturnIsFldCd36ND
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02656461
IRS990/TotalAssetsEOYAmt02894794
IRS990/TotalAssetsGrp/BOYAmt02656461
IRS990/TotalAssetsGrp/EOYAmt02894794
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0196200
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0310165
IRS990/TotalFunctionalExpensesGrp/TotalAmt0326099
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02656461
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02894794
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0310165
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt074743
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270943
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02656461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02894794
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 ROCKEFELLER PLAZA 2803
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010020
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.IF-FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS IOVINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06468136430
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE IF FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0IFFO
ReturnHeader/Filer/EIN0463176588
ReturnHeader/Filer/PhoneNum06468136430
ReturnHeader/Filer/USAddress/AddressLine1Txt01 ROCKEFELLER PLAZA 2803
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010020
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113266576
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRASSI & CO CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 THIRD AVENUE 28TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02126616166
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID ROTTKAMP
ReturnHeader/ReturnTs02025-10-17T11:02:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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