Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Asset Growth
8th percentile
Faster asset growth than 8% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$309
Down $388 (-56%) from 2021
Net Assets
Down-$157
Down $466 (-151%) from 2021
Liabilities
Up$466
Up $78 (+20%) from 2021
Revenue
$0
No earlier filing loaded for comparison.
Expenses
$466
No earlier filing loaded for comparison.
Net Income
-$466
No earlier filing loaded for comparison.
TheIFTAFoundation'spurposeistostrengthen,diversifyorotherwiseservetheneedsoftheIndependentfilmandtelevisionindustry'screativecommunitybyprovidingeducationalopportunitiestoindividualswhodemonstrateaninterestintheartsandentertainment,andbysupportingothermeaningfulprogramsandcharities.
The IFTA Foundation's purpose is to strengthen diversify or otherwise serve the needs of the Independent film and television industry's creative community by providing educational opportunities to individuals who demonstrate an interest in the arts and entertainment and by supporting other meaningful programs and charities.
| Description | Grants | Expenses |
|---|---|---|
| See Schedule O - Note: Related expenses are $0 as IFTA 501c6 staff provides administrative support including legal and financial to the IFTA foundation as part of their employment with IFTA. | $0 | $0 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Patrick Ewald | Treasurer And Secretary Thru 09-23-22 | - | $0 | - | - |
| Scott Bedno | Director Thru 09-23-22 | - | $0 | - | - |
| Clay Epstein | Director | - | $0 | - | - |
| Wendy Reeds | Director Thru 09-23-22 | - | $0 | - | - |
| Lise Romanoff | Director | - | $0 | - | - |
| Michael Ryan | Director | - | $0 | - | - |
| Jean Prewitt | President | - | $0 | - | - |
| Susan Cleary | COO Non-Statutory Advisor | - | $0 | - | - |
| Robert Newman | VP Finance Non-Statutory Advisor | - | $0 | - | - |
| Caroline Couret-Delegue | Director | - | $0 | - | - |
| JD Beaufils | Director | - | $0 | - | - |
| Nat McCormick | Director | - | $0 | - | - |
“| Other Expenses:, Amount:| Other Expenses: Taxes & Licenses, $466|”
“| Explanation:, BOYAmount:, EOYAmount:| Other Assets - Accounts Receivable =, $697, $25|”
“| Explanation:, BOYAmount:, EOYAmount:| Total Liabilities - Bank Overdraft =, $388, $0| Total Liabilities - Accounts Payable: DC Registered Agent Services =, $0, $466|”
“| Explanation:| Form 990 Part III Line 28: 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.”
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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|---|---|---|
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Scott Bedno |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Wendy Reeds |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Lise Romanoff |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Michael Ryan |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Jean Prewitt |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | Susan Cleary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | Robert Newman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | Caroline Couret-Delegue |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 10 | JD Beaufils |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 11 | Nat McCormick |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Treasurer and Secretary thru 09-23-22 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director thru 09-23-22 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director thru 09-23-22 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | COO non-statutory advisor |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | VP Finance non-statutory advisor |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 10 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 11 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
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| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 25 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 466 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The IFTA Foundation's purpose is to strengthen diversify or otherwise serve the needs of the Independent film and television industry's creative community by providing educational opportunities to individuals who demonstrate an interest in the arts and entertainment and by supporting other meaningful programs and charities. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | See Schedule O - Note: Related expenses are $0 as IFTA 501c6 staff provides administrative support including legal and financial to the IFTA foundation as part of their employment with IFTA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
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| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | DC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 388 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 466 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 466 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd | 0 | true |
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| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd | 0 | true |
| IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd | 0 | X |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd | 0 | true |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd | 0 | true |
| IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd | 0 | true |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Section A Line 3b: The staff at IFTA perform all administrative duties and financial reporting for IFTA Foundation pro bono and having filed IFTA's Form 990 are fully aware that IFTA is qualified under section 501c 6 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 501 C 6 and satisfies the public support tests under section 509a2. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | Section A Line 3c: The IFTA Foundation's governance structure is designed to provide maximum control ensuring that its activities and programs support the charitable purposes of the Independent Film & Television Alliance IFTA an Internal Revenue Section 501c 6 organization. Specifically the IFTA Foundation's Board of Directors is composed of IFTA's Executive Committee and such appointments are confirmed each year by the IFTA Board. The day-to-day oversight of the IFTA Foundation's activities and programs is administered by IFTA staff who also ensure operational compliance with the Foundation's bylaws including its narrowly stated purpose to perform and carry out the charitable purposes of IFTA. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | Section D Line 3: The 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/ExplanationTxt | 3 | Section E Line 2a: The IFTA Foundation operates exclusively to provide charitable support to the Independent Film & Television Alliance IFTA an Internal Revenue Section 501 c 6 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. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Part IV, Section A line 3B |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Part IV, Section A line 3C |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | Part IV, Section D, line 3 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 3 | Part IV Section E, line 2A |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 953538775 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 10 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | Independent Film & TV Alliance 501c6 |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType3FuncIntInd | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | Other Expenses:, Amount:| Other Expenses: Taxes & Licenses, $466| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Explanation:, BOYAmount:, EOYAmount:| Other Assets - Accounts Receivable =, $697, $25| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | | Explanation:, BOYAmount:, EOYAmount:| Total Liabilities - Bank Overdraft =, $388, $0| Total Liabilities - Accounts Payable: DC Registered Agent Services =, $0, $466| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | | Explanation:| Form 990 Part III Line 28: 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/FormAndLineReferenceDesc | 0 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part II, line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part II, line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part III, Line 28 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Sara Garcia |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Vice President Finance |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | IFTA FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | IFTA |
| ReturnHeader/Filer/EIN | 0 | 710944489 |
| ReturnHeader/Filer/ForeignPhoneNum | 0 | 3104461000 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Robert Newman |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 10850 WILSHIRE BLVD FL 9 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LOS ANGELES |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 900244628 |
| ReturnHeader/ReturnTs | 0 | 2023-11-15T10:30:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net 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 |
| 2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending. | $697 | $388 | $309 | |||