Iaai Foundation Inc
- Assets
- $439.0k
- Revenue
- $68.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-3805346
Organization Overview
Iaai Foundation Inc is located in Columbia, 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 12/2023, Iaai Foundation Inc generated $68.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $41.4k during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
Jerome Duet President | OfficerTrustee | 1 | $0 |
Robert Renton Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bob Cabral Vice President | OfficerTrustee | 1 | $0 |
Mike Decklemann Director | Trustee | 1 | $0 |
Tom Aurnhammer Director | Trustee | 1 | $0 |
Jerry Naylis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $265 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,440 |
| Total Program Service Revenue | $0 |
| Investment income | $5,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,551 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,458 |
| 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 | $0 |
| Fees for services: Accounting | $5,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,039 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $4,203 |
| Office expenses | $3,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,630 |
| Savings and temporary cash investments | $50,608 |
| 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 | $833 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $287,908 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $438,979 |
| Accounts payable and accrued expenses | $1,259 |
| 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 | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,259 |
| Net assets without donor restrictions | $369,330 |
| Net assets with donor restrictions | $58,390 |
| 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 | $438,979 |
Grants Awarded
Over the last fiscal year, Iaai Foundation Inc has awarded $89,567 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INT'L ASSOC OF ARSON INVESTIGATORS PURPOSE: CFITrainer.net program | $60,932 |
INT'L ASSOC OF ARSON INVESTIGATORS PURPOSE: AV equipment | $28,635 |