Ifb Solutions Foundation Inc

Organization Overview

Ifb Solutions Foundation Inc, operating under the name Ifb Solutions Foundation, is located in Winstonsalem, NC. The organization was established in 2008. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifb Solutions 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 09/2023, Ifb Solutions Foundation generated $125.3k 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 (18.4%) each year. All expenses for the organization totaled $126.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (17.4%) 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC., A 501(C)(3) ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATING EXCLUSIVELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF, PERFORMING THE FUNCTIONS OF OR CARRYING OUT THE PURPOSES OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC. AS A TYPE ONE SUPPORTING ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
John Googe
Chair
$0
John Rowland
Vice Chair
$0
Mark Doughton
Secretary
$0
Jeff Clark
Director
$0
Wayne Morgan
Director
$0
David Horton
President
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $192,916
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$67,622
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $125,294

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