Civic Intelligence

The If Foundation Inc

990 • Fiscal year 2018 • EIN 46-3176588

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 05, 2019

Organization ProfileWWW.IF-FOUNDATION.ORG
14-45 117th Street No 2803College Point, NY 11356

(646) 813-6430

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

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

2018 filings • NTEE Q • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

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

2018 filings • NTEE Q • $1M-$5M nonprofits • Source year 2018

Net Margin

25th percentile

-9.4%

Higher net margin than 25% of similar nonprofits.

2018 filings • NTEE Q • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$113,733

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2018 filings • NTEE Q • $1M-$5M nonprofits • Source year 2018

Asset Growth

17th percentile

-22%

Faster asset growth than 17% of similar nonprofits.

2018 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-27%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$3,985,913

Down $1,128,002 (-22%) from 2017

Net Assets

Down

$3,985,913

Down $1,128,002 (-22%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin25th percentile

Revenue

Down

$981,993

Down $362,265 (-27%) from 2017

Expenses

Up

$1,074,056

Up $113,118 (+12%) from 2017

Net Income

Down

-$92,063

Down $475,383 (-124%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$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

2018

Assets$3,985,913
Liabilities$0
Net Assets$3,985,913
Open 2018 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$981,993
Expenses$1,074,056
Net Income-$92,063
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$4,387,414
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
Investments in Publicly Traded Securities$4,826,371$3,769,432▼ $1,056,939
Savings and Temporary Cash Investments$258,299$187,236▼ $71,063
Accounts Receivable$29,245$29,245→ $0
Total Assets$5,113,915$3,985,913▼ $1,128,002
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$5,113,915$3,985,913▼ $1,128,002
Total Net Assets Fund Balance$5,113,915$3,985,913▼ $1,128,002
Total Liabilities and Net Assets / Fund Balance$5,113,915$3,985,913▼ $1,128,002
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eileen SpencerChief of Staff PhilanthropyFT$113,733$113,733
David DohertyDirectorFT$107,403$107,403

Board Members and Trustees

NameTitle
Tom IovinoFounder and President
Dale OkonowDirector
Frank CaraTreasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$109,741
Program Service Revenue
$0
Investment Income
$872,252
Other Revenue
$0
All Other Contributions
$109,741
Change in Net Assets
$-92,063

Audited Revenue Reconciliation

Revenue per Audited Statements
$965,753
Revenue Not Reported on Financial Statements
$16,241
Revenue Not Reported on Form 990
$-1,035,939
Total Revenue per Audited Statements
$-70,186
Total Revenue per Form 990
$981,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$771,830
Salaries, Compensation, and Employee Benefits$239,285
Other Expenses$62,941
Total Fundraising Expense$49,439
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$771,830--$771,830
Other Salaries and Wages-$68,240$45,493$113,733
Current Officers, Directors, Trustees, and Key Employees$107,403--$107,403
Fees for Services Accounting-$24,458-$24,458
Payroll Taxes$8,284$5,919$3,946$18,149
Fees for Service Investment Mgmnt Fees-$16,241-$16,241
Insurance-$10,287-$10,287
Office Expenses-$4,249-$4,249
Fees for Services Legal-$2,685-$2,685
Advertising-$2,150-$2,150
Travel$1,703$313-$2,016
Other Expenses-$855-$855
Total Functional Expenses$889,220$135,397$49,439$1,074,056

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,074,056
Expenses per Audited Statements$1,057,815
Total Expenses per Audited Statements$1,057,815
Expenses Not Reported on Financial Statements$16,241
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$771,830

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 CaribbeanProgram ServicesEconomic Development Work00$771,830
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 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 employees are reviewed at mid year and year end by the officer they report to directly. The reviews are then discussed with the founder and ceo.”

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
14-45 117TH STREET NO 2803, COLLEGE POINT, NY 11356

Signing Officer

Name
Thomas Iovino
Title
Founder/president
Phone
6468136430
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Iovino
Formed
2013
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
0

Preparer

Firm
GRASSI & CO CPA'S PC
Address
488 MADISON AVENUE 21ST FLOOR, NEW YORK, NY 10022
Preparer
David Rottkamp
Phone
2126616166
Supplemental Narrative

Additional Explanations

Form 990 Part XII Lince 2C

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the provisions pertaining to uncertain tax provisions financial accounting standards board ("fasb") accounting standards codification ("asc") topic 740) and has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations prior to 2015.”

Raw XML AppendixShowing 400 of 434 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.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsReceivableGrp/BOYAmt029245
IRS990/AccountsReceivableGrp/EOYAmt029245
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02150
IRS990/AdvertisingGrp/TotalAmt02150
IRS990/AllOtherContributionsAmt0109741
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS IOVINO
IRS990/BooksInCareOfDetail/PhoneNum09149249704
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt014-45 117TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLLEGE POINT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011356
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0107403
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0107403
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0109741
IRS990/CYGrantsAndSimilarPaidAmt0771830
IRS990/CYInvestmentIncomeAmt0872252
IRS990/CYOtherExpensesAmt062941
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-92063
IRS990/CYSalariesCompEmpBnftPaidAmt0239285
IRS990/CYTotalExpensesAmt01074056
IRS990/CYTotalFundraisingExpenseAmt049439
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0981993
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROMOTE PROGRAMS AND ACTIVITIES THAT FOCUS ON CREATING SUSTAINABLE ECONOMIC OPPORTUNITIES FOR DISADVANTAGED INDIVIDUALS PRIMARILY IN HAITI BY PROVIDING THEM WITH THE TOOLS AND TRAINING THEY NEED TO BECOME SELF-SUFFICIENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0889220
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt024458
IRS990/FeesForServicesAccountingGrp/TotalAmt024458
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02685
IRS990/FeesForServicesLegalGrp/TotalAmt02685
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt016241
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt016241
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt0771830
IRS990/ForeignGrantsGrp/TotalAmt0771830
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM IOVINO
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANK CARA
IRS990/Form990PartVIISectionAGrp/PersonNm2DALE OKONOW
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm4EILEEN SPENCER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3107403
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4113733
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER AND SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF OF STAFF PHILANTHROPY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0835456
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt0771830
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04240877
IRS990/GrossReceiptsAmt04387414
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt010287
IRS990/InsuranceGrp/TotalAmt010287
IRS990/InvestmentIncomeGrp/ExclusionAmt036796
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt036796
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04826371
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03769432
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03405421
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt05113915
IRS990/NetAssetsOrFundBalancesEOYAmt03985913
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0835456
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0835456
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1035939
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04249
IRS990/OfficeExpensesGrp/TotalAmt04249
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSES AND TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0855
IRS990/OtherExpensesGrp/TotalAmt0855
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt045493
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068240
IRS990/OtherSalariesAndWagesGrp/TotalAmt0113733
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03946
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05919
IRS990/PayrollTaxesGrp/ProgramServicesAmt08284
IRS990/PayrollTaxesGrp/TotalAmt018149
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THOMAS IOVINO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01224790
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0561846
IRS990/PYInvestmentIncomeAmt0118298
IRS990/PYOtherExpensesAmt075769
IRS990/PYOtherRevenueAmt01170
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0383320
IRS990/PYSalariesCompEmpBnftPaidAmt0323323
IRS990/PYTotalExpensesAmt0960938
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01344258
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-92063
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0258299
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0187236
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2017 AMOUNT: $ 1,170.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0109741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01224790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03246846
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01225942
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03111206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08918525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0872032
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0118298
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039212
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0751
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01053644
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01170
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01170
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0902628
IRS990ScheduleA/SubstantialContributorsTotAmt08015897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0109741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01224790
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03246846
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01225942
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03111206
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08918525
IRS990ScheduleA/TotalSupportAmt09973339
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt016241
IRS990ScheduleD/ExpensesSubtotalAmt01057815
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt016241
IRS990ScheduleD/InvestmentExpensesNotIncldAmt016241
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1035939
IRS990ScheduleD/RevenueNotReportedAmt0-1035939
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt016241
IRS990ScheduleD/RevenueSubtotalAmt0965753
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS PERTAINING TO UNCERTAIN TAX PROVISIONS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740) AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01074056
IRS990ScheduleD/TotalRevenuePerForm990Amt0981994
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-70186
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01057815
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0771830
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ECONOMIC DEVELOPMENT WORK
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0771830
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0ECONOMIC, ENVIRONMENTAL AND NUTRITIONAL PROGRAMS IN HAITI
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARRIBEAN
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0771830
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/TotalSpentAmt0771830
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 EMPLOYEES ARE REVIEWED AT MID YEAR AND YEAR END BY THE OFFICER THEY REPORT TO DIRECTLY. THE REVIEWS ARE THEN DISCUSSED WITH THE FOUNDER AND CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII LINCE 2C
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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05113915
IRS990/TotalAssetsEOYAmt03985913
IRS990/TotalAssetsGrp/BOYAmt05113915
IRS990/TotalAssetsGrp/EOYAmt03985913
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0109741
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt049439
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0135397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0889220
IRS990/TotalFunctionalExpensesGrp/TotalAmt01074056
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05113915
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03985913
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0889220
IRS990/TotalReportableCompFromOrgAmt0221136
IRS990/TotalRevenueGrp/ExclusionAmt0872252
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0981993
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05113915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03985913
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0313
IRS990/TravelGrp/ProgramServicesAmt01703
IRS990/TravelGrp/TotalAmt02016
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05113915
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03985913
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014-45 117TH STREET NO 2803
IRS990/USAddress/CityNm0COLLEGE POINT
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011356
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.IF-FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,985,913
Liabilities
$0
Net assets
$3,985,913
Revenue
$981,993
Expenses
$1,074,056
Net income
-$92,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.00$2.89$0.27$0.33$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.24$0.28$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.25$0.31$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$0.25$0.28$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.80$0.00$2.80$0.25$0.29$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$0.35$2.15$1.80
2018Detailed filing. Detailed filing data is available for this year.$3.99$0.00$3.99$0.98$1.07$0.09
2017Detailed filing. Detailed filing data is available for this year.$5.11$0.00$5.11$1.34$0.96$0.38
2016Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.40$3.29$1.32$1.97
2015Detailed filing. Detailed filing data is available for this year.$2.00$0.01$2.00$1.21$1.44$0.23
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$3.10$0.91$2.20