Iaai Foundation Inc
- Assets
- $415.0k
- Revenue
- $33.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowie, MD
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-3805346
Organization Overview
Iaai Foundation Inc is located in Bowie, MD. The organization was established in 2008. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iaai Foundation 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 12/2021, Iaai Foundation Inc generated $33.1k 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 (12.9%) each year. All expenses for the organization totaled $105.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING AND RESEARCH: TRAINING FOR THOSE ENGAGED IN OR RELATED TO THE FIELD OF FIRE AND ARSON INVESTIGATION. PROVIDING SCHOLARSHIPS AND RESEARCH GRANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED
INTERNATIONAL TRAINING CONFERENCE
SUPPORT TRAINING AND PROFESSIONAL DEVELOPMENT PROGRAMS CONSISTENT WITH THE PURPOSES OF THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Sesniak President | OfficerTrustee | 1 | $0 |
Bob Renton Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robert Cabral Vice President | OfficerTrustee | 1 | $0 |
Jerome Duet Director | Trustee | 1 | $0 |
Robert Toth Director | Trustee | 1 | $0 |
Scott Stephens Exec Director | Trustee | 5 | $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 | $16,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,044 |
| Total Program Service Revenue | $0 |
| Investment income | $14,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,963 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,567 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135 |
| Fees for services: Accounting | $4,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,271 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2 |
| Information technology | $113 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,075 |
| All other expenses | $0 |
| Total functional expenses | $105,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,729 |
| Savings and temporary cash investments | $50,410 |
| 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 | $813 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $287,033 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $414,985 |
| Accounts payable and accrued expenses | $144 |
| 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 | $144 |
| Net assets without donor restrictions | $125,808 |
| Net assets with donor restrictions | $289,033 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $414,985 |
Grants Awarded
Over the last fiscal year, Iaai Foundation Inc has awarded $89,567 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bowie, MD PURPOSE: CFITrainer.net program | $60,932 |
Bowie, MD PURPOSE: AV equipment | $28,635 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iaai Foundation Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $264,987 |
| Earnings | $25,317 |
| Admin Expense | $3,271 |
| Ending Balance | $287,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recreational Boating And Fishing Foundation Alexandria, VA | $1,596,637 | $14,302,457 |
Aopa Foundation Frederick, MD | $41,979,653 | $10,384,598 |
Safety Equipment Institute Mclean, VA | $3,866,631 | $5,093,632 |
Chesapeake Region Safety Council Inc Windsor Mill, MD | $1,688,026 | $5,136,301 |
Americans For Carbon Dividends Inc Washington, DC | $5,055,754 | $2,851,324 |
Boat Us Foundation Annapolis, MD | $2,787,236 | $3,240,469 |
Rostraver West Newton Ems Belle Vernon, PA | $4,144,119 | $3,922,613 |
Flight Safety Foundation Inc Alexandria, VA | $3,531,593 | $3,156,585 |
National Center For Healthy Housing Inc Columbia, MD | $1,040,188 | $2,049,917 |
Danville Area Training Center Inc Danville, VA | $966,057 | $2,354,656 |
International Safety Equipment Association Arlington, VA | $3,445,033 | $2,156,842 |
Institute Of Makers Of Explosives Washington, DC | $1,377,958 | $1,262,584 |