Ifma Educational Foundation

Organization Overview

Ifma Educational Foundation is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifma Educational Foundation 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 12/2021, Ifma Educational Foundation generated $215.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $133.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRIMARY PURPOSE IS TO FUND SCHOLARSHIPS AND SUPPORT CURRICULUM AND TRAINING PROGRAMS FOR PERSONS INTERESTED IN A CAREER IN THE FOODSERVICE INDUSTRY

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP AND INTERNSHIP PROGRAM FOR COLLEGES/UNIVERSITY STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Lawrence Obekfell
CEO Thru 12/2021
$0
Alec Frisch
Chairman
$0
Jennifer Tarulis
CFO
$0
Hugh Roth
Trustee
$0
Tim Wayne
Trustee
$0
Teri Trullinger
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$215,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$215,500
Total Program Service Revenue$0
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 $215,500

Grants Awarded

Over the last fiscal year, Ifma Educational Foundation has awarded $50,535 in support to 2 organizations.

Grant RecipientAmount

NATIONAL RESTAURANT ASSOCIATION

Org PageRecipient Profile

Washington, DC

PURPOSE: PROGRAM SUPPORT

$25,535

NEW ORLEANS CULINARY & HOSPITALITY INSTITUTE

Org PageRecipient Profile

New Orleans, LA

PURPOSE: PROGRAM SUPPORT

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ifma Educational Foundation has recieved totaling $12,600.

Awarding OrganizationAmount
Society Of Independent Show Organizers Inc

Marietta, GA

PURPOSE: SUPPORT FOR PCMA SCHOLARSHIP FUNDRAISER

$10,000
Conferencedirect Foundation

West Hollywood, CA

PURPOSE: CHARITABLE

$2,600
View Grant Recipient Profile

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