Ifa Foundation
- Assets
- $676.8k
- Revenue
- $165.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ormond Beach, FL
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 36-3655118
Organization Overview
Ifa Foundation, operating under the name Ifa Foundation International, is located in Ormond Beach, FL. The organization was established in 1994. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifa Foundation International 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, Ifa Foundation International generated $165.0k 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 (8.2%) each year. All expenses for the organization totaled $258.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. 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
THE IFA FOUNDATION THROUGH ITS OLA OLU SPIRITUAL RETREAT WORKSHOPS BOOKS AND ENGLISH AND SPANISH LANGUAGE WEBSITES PROVIDES EDUCATION AND SERVICE FACILITIES TO EDUCATE THE PUBLIC REGARDING THE ANCIENT AFRICAN PHILOSOPHY OF IFA. WE CREATE AND MAINTAIN THE ONLY COMPLETE SACRED ORISHA GARDENS IN THE WESTERN HEMISPHERE OPEN TO THE PUBLIC AT NO CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SACRED ORISHA GARDEN AT OLA OLU .THIS IS THE FIRST REPRESENTATION OF THE SACRED GARDENS PREVIOUSLY REPRESENTED AND AVAILABLE ONLY IN OSHOGBO IN NIGERIA AND RECOGNIZED BY PROFESSOR ROBIN POYNOR OF THE UNIVERSITY OF FLORIDA CONTINUED TO THRIVE AND GROW. NOW WITH THE COMPLETION OF THE 40 FOOT ONILE AND THE 80 FOOT LABYRINTH; THE GARDENS HAVE GROWN TO OVER 22 LIFE SIZE UNIQUE SCULPTURES ALL WITH THEIR OWN INDIVIDUALITY AND PURPOSE. NEW INSTALLATIONS PROVIDE THE PUBLIC IN PERSON AND VIA OUR INTERACTIVE WEB PRESENCE TO EXPERIENCE THE TRANQUILITY AND POWER OF THESE ANCIENT AFRICAN REPRESENTATIVES OF IFA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vassa Neimark President | Officer | 30 | $0 |
Tanya Hussain Board Member | Officer | 2 | $0 |
Glenn Marion Lakes Board Member | Officer | 2 | $0 |
John Stafford Board Member | Officer | 2 | $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 | $42,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,000 |
| Total Program Service Revenue | $122,989 |
| 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 | $164,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,855 |
| Office expenses | $16,450 |
| Information technology | $57,700 |
| Royalties | $0 |
| Occupancy | $21,222 |
| 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 | $45,475 |
| All other expenses | $6,220 |
| Total functional expenses | $258,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,790 |
| 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 | $665,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $676,790 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $676,790 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $676,790 |