Inter-Religious Foundation For Community Organization Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 13-2590548
Organization Overview
Inter-Religious Foundation For Community Organization Inc is located in New York, NY. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Inter-Religious Foundation For Community Organization Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter-Religious Foundation For Community Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Inter-Religious Foundation For Community Organization Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 27.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TECHNICAL ASSISTANCE AND SUPPORT TO COMMUNITY - BASED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ORGANIZING, EDUCATIONAL EVENTS AND DELEGATIONS IFCO ORGANIZES EDUCATIONAL EVENTS THROUGHOUT THE U.S. INCLUDING MEETINGS, WORKSHOPS, WEBINARS, FILM SCREENINGS, CULTURAL EVENTS, PANEL DISCUSSIONS AND CONFERENCES ON VARIOUS ISSUES, IN ORDER TO EDUCATE AND EMPOWER PEOPLE TO REACH OUT TO THEIR NEIGHBORS, COMMUNITY GROUPS, HOUSES OF WORSHIP AND ELECTED OFFICIALS TO DISCUSS THE IMPACT. WE PROVIDE SUPPORT TO OTHER COMMUNITY ORGANIZATIONS TO DO THE SAME. IFCO ALSO PERIODICALLY SPONSORS STUDY DELEGATIONS TO ALLOW U.S. CITIZENS THE OPPORTUNITY TO LEARN AND TRAVEL IN LATIN AMERICA AND THE CARIBBEAN. THESE TYPICALLY LASTING 7 TO 10 DAYS, ADDRESS A VARIETY OF DIFFERENT INTERESTS AND THEMES INCLUDING HEALTHCARE, EDUCATION, WOMENS RIGHTS, CULTURE, RACE, LGBT COMMUNITY CONCERNS, AND MUCH MORE.
FRIENDSHIPMENT CARAVAN PROJECT AND HUMANITARIAN AIDAS A FAITH BASED ORGANIZATION, FROM TIME TO TIME WE ALSO RESPOND TO EMERGENCY DISASTERS RAISING AWARENESS AND FUNDS TO SUPPORT VICTIMS OF THOSE DISASTERS. TO THIS END WE COLLECT AND PURCHASE MEDICINES AND MEDICAL SUPPLIES FOR DONATION. SINCE 1992 IFCO HAS ALSO ORGANIZED CARAVANS OF HUMANITARIAN AID TO LATIN AMERICA AND THE CARIBBEAN. THE CARAVANS INCLUDE TRAVEL ACROSS THE UNTED STATES TO EDUCATE U.S. COMMUNITIES ABOUT LIFE THERE AND THE IMPACT OF U.S. FOREIGN POLICY. SINCE 1992, MORE THAN 500 TONS OF AID INCLUDING MEDICINES, MEDICAL EQUIPMENT, SCHOOL BUSES AND MORE, HAS BEEN COLLECTED AND DELIVERED WHERE IT IS DISTRIBUTED BY MEMBERS OF THE ECUMENICAL COMMUNITY.
MEDICAL SCHOOL SCHOLARSHIP PROGRAM SINCE 2000, IFCO HAS HELPED TO FACILITATE THE PARTICIPATION OF U.S. CITIZENS INTERESTED IN TAKING ADVANTAGE OF THE POSSIBILITY OF A FULL MEDICAL SCHOOL SCHOLARSHIP TO ATTEND THE LATIN AMERICAN SCHOOL OF MEDICINE. IFCO WORKS TO INTERVIEW AND ORIENT CANDIDATES PRIOR TO RECOMMENDING THEM TO THE SCHOOL WHICH MAKES THE FINAL DECISION ON WHETHER TO PROVIDE THE SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Dorlimar Lebron Malave Director | Trustee | 40 | $41,112 |
Mr A Mychal Johnson President | OfficerTrustee | 2 | $0 |
Ms Peggy Valdes Vice President | OfficerTrustee | 2 | $0 |
Ms Jade DE Saussure Secretary | OfficerTrustee | 2 | $0 |
Prof Jennifer Wager Treasurer | OfficerTrustee | 5 | $0 |
FR Luis Barrios PHD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,390 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,440,727 |
| Noncash contributions included in lines 1a–1f | $23 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,443,117 |
| Total Program Service Revenue | $149,924 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,593,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,699 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,112 |
| Compensation of current officers, directors, key employees. | $12,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,983 |
| Payroll taxes | $29,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,413 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,138 |
| Advertising and promotion | $0 |
| Office expenses | $31,189 |
| Information technology | $8,196 |
| Royalties | $0 |
| Occupancy | $19,235 |
| Travel | $182,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,926 |
| Interest | $473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,750 |
| All other expenses | $2,937 |
| Total functional expenses | $1,011,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,417,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,671 |
| Total assets | $1,422,029 |
| Accounts payable and accrued expenses | $7,556 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,556 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,414,473 |
| Total liabilities and net assets/fund balances | $1,422,029 |
Grants Awarded
Over the last fiscal year, Inter-Religious Foundation For Community Organization Inc has awarded $201,757 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIAL JUSTICE ACTION CENTER PURPOSE: EMERGENCY PANDEMIC RELIEF | $20,000 |
EQUALITY FOR FLATBUSH PURPOSE: GENERAL SUPPORT | $181,757 |