Civic Intelligence

Ifta Foundation

990EZ • Fiscal year 2021 • EIN 71-0944489

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 12, 2022

Organization Profile
10850 Wilshire Blvd FL 9Los Angeles, CA 90024-4628

(310) 446-1044

Siviq Scores

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

Liabilities / Assets

90th percentile

0.56x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

91st percentile

126%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

$697

No earlier filing loaded for comparison.

Net Assets

$309

No earlier filing loaded for comparison.

Liabilities

$388

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$1.5K$1.0K$500$0-$500-$1.0KAssets 2021: $697Liabilities 2021: $388Net Assets 2021: $3092021Assets 2022: $309Liabilities 2022: $466Net Assets 2022: -$1572022Assets 2024: $306Liabilities 2024: $1,135Net Assets 2024: -$8292024

Highlighted filing

2021

Assets$697
Liabilities$388
Net Assets$309
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$500$0-$500Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $466Net Income 2022: -$4662022Revenue 2024: $0Expenses 2024: $160Net Income 2024: -$1602024

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 12, 2022
Return Version
2021v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

TheIFTAFoundation'spurposeistostrengthen,diversifyorotherwiseservetheneedsoftheIndependentfilmandtelevisionindustry'screativecommunitybyprovidingeducationalopportunitiestoindividualswhodemonstrateaninterestintheartsandentertainment,andbysupportingothermeaningfulprogramsandcharities.

Program Services

DescriptionGrantsExpenses
SeeScheduleO-Note:Relatedexpensesare$0asIFTA501c6staffprovidesadministrativesupportincludinglegalandfinancialtotheIFTAFoundationaspartoftheiremploymentwithIFTA.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick EwaldTreasurer & Secretary-$0--
Scott BednoDirector-$0--
Clay EpsteinDirector-$0--
Wendy ReedsDirector-$0--
Lise RomanoffDirector-$0--
Michael RyanDirector-$0--
Jean PrewittPresident-$0--
Susan ClearyCOO Non-Statutory Advisor-$0--
Robert NewmanVP Finance Non-Statutory Advisor-$0--
Jeannine TangTreasurer Through 9 24 2021-$0--
Caroline Couret-DelegueDirector Through 9 24 2021-$0--
Filing and Contact Details

Filer

Filer Name
Ifta Foundation
EIN
71-0944489
In Care Of
% Robert Newman
Address
10850 WILSHIRE BLVD FL 9, LOS ANGELES, CA 90024-4628

Signing Officer

Name
Robert Newman
Title
Vice President Finance
Signed
2022-11-12
Supplemental Narrative

Additional Explanations

Part II, line 24

“| Explanation:, BOYAmount:, EOYAmount:| Other Assets - Accounts Receivable =, $0, $697|”

Part II, line 26

“| Explanation:, BOYAmount:, EOYAmount:| Total Liabilities - Bank Overdraft =, $0, $388|”

Part III, Line 28

“| Explanation:| The IFTA Foundation connects universities and Independent production and distribution companies to provide academic internships for college students interested in the arts and sciences of the independent film and television industry. Students are selected based on desire and interest in several areas of the independent film and television industry and must meet the academic requirements of their universities. The students are provided orientation by experts and tours of industry events and facilities and are placed in a variety of stimulating and creative industry to gain valuable experience.”

Raw XML Appendix188 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Patrick Ewald
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Scott Bedno
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Wendy Reeds
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Lise Romanoff
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Michael Ryan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jean Prewitt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Susan Cleary
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Jeannine Tang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Caroline Couret-Delegue
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer & Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7COO non-statutory advisor
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VP Finance non-statutory advisor
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Treasurer Through 9 24 2021
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Director Through 9 24 2021
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The staff at IFTA perform all administrative duties and financial reporting for the IFTA Foundation pro bono and having filed IFTA's Form 990 are fully aware that IFTA is qualified under section 501c6 and satisfies the public support tests under section 509a2. The Board of the IFTA Foundation also serves on the Board and the Executive Committee of IFTA and as such is also aware that IFTA is qualified under section 501c6 and satisfies the public support tests under section 509a2.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The staff of IFTA perform all administrative duties and financial reporting for the IFTA Foundation. IFTA's Executive Committee serves as the Board of the IFTA Foundation along with other Directors appointed by the IFTA Executive Committee for service on the IFTA Foundation Board.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2The IFTA Foundation operates exclusively to provide charitable support to the Independent Film & Television Alliance IFTA an Internal Revenue Section 501c6 organization. Its activities are responsible to IFTA and directly further IFTA's exempt purpose specifically serving the charitable portion of IFTA's mission through the placement of students in academic credit internships with IFTA member companies and the operation of other initiatives such as educational programs to strengthen diversify and otherwise serve the needs of the Independent film and television industry.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section D, line 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV Section E, line 2A
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Explanation:, BOYAmount:, EOYAmount:| Other Assets - Accounts Receivable =, $0, $697|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Explanation:, BOYAmount:, EOYAmount:| Total Liabilities - Bank Overdraft =, $0, $388|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Explanation:| The IFTA Foundation connects universities and Independent production and distribution companies to provide academic internships for college students interested in the arts and sciences of the independent film and television industry. Students are selected based on desire and interest in several areas of the independent film and television industry and must meet the academic requirements of their universities. The students are provided orientation by experts and tours of industry events and facilities and are placed in a variety of stimulating and creative industry to gain valuable experience.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III, Line 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Newman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President Finance
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IFTA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IFTA
ReturnHeader/Filer/EIN0710944489
ReturnHeader/Filer/ForeignPhoneNum03104461000
ReturnHeader/Filer/InCareOfNm0% Robert Newman
ReturnHeader/Filer/USAddress/AddressLine1Txt010850 WILSHIRE BLVD FL 9
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0900244628
ReturnHeader/ReturnTs02022-11-12T06:18:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$697
Liabilities
$388
Net assets
$309
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$306$1,135$829$0$160$160
2022Detailed filing. Detailed filing data is available for this year.$309$466$157$0$466$466
2021Detailed filing. Detailed filing data is available for this year.$697$388$309$0$0$0