Ifma Foundation
- Assets
- $1.3m
- Revenue
- $969.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 03/1992
- Data as of
- 06/2023
- EIN
- 76-0313751
Organization Overview
Ifma Foundation is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Ifma Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifma 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 06/2023, Ifma Foundation generated $969.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $826.8k during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT SCHOLARSHIPS, EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR FACILITIES MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IFMA FOUNDATION'S THREE GLOBAL WORKFORCE INITITAIVES PROGRAMS INCLUDE: FM TALENT DEVELOPMENT PIPELINE PROGRAMS (TDP) AT THE COMMUNITY LEVEL WHICH CONSIST OF STUDENTS LEARNING THE ESSENTIALS OF FM (EOFM), A CAREER CONNECTIONS EVENT, A JOB SHADOWING PROGRAM, A PAID INTERNSHIP, AND A CAPSTONE IGNITEFM! STUDENT COMPETITION. THE IFMA FOUNDATION WAS APPROVED BY THE US DEPARTMENT OF LABOR AS A SPONSOR FOR FACILITY MANAGER REGISTERED APPRENTICESHIP PROGRAMS.
ACCREDITATION OF FACILITY MANAGEMENT DEGREES IS A KEY COMPONENT OF THE IFMA FOUNDATION'S SUPPORT OF THE FM PROFESSION AND FM HIGHER EDUCATION. THE FM ADP PROGRAM ADMINISTERED BY THE FACILITY MANAGEMENT ACCREDITATION COMMISSION, ENSURES STUDENTS, EMPLOYER AND OTHER CONSTITUENTS THAT THE FM CURRICULUM AT ACCREDITED INSTITUTIONS INCLUDES INSTRUCTION ON ALL 11 CORE COMPETENCIES OF TH FM PROFESSION WITH STUDENT OUTCOMES APPROPRIATE TOTHELEVELOFDEGREE EARNED. MORE THAN 3,200 STUDENTS WERE ENROLLED IN FM ACCREDITED DEGREE PROGRAMS IN 2022-23 WORLDWIDE.
GRANTS OF SCHOLARSHIPS TO 27 STUDENTS STUDYING TO ENTER THE FM PROFESSION WERE MADE IN 2022-23. IN ADDITION TO A MONETARY AWARD TO HELP OFFSET THE COSTS OF EARNING THEIR FM RELATED DEGREE, SCHOLARSHIP RECIPIENTS WERE ALSO AWARDED TRAVEL AND RELATED EXPENSES TO PARTICIPATE IN IFMA'S WORLD WORKPLACE ANNUAL CONFERENCE AND EXPOSITION. BY PARTICIPATING IN THE ANNUAL CONFERENCE, STUDENTS ARE EXPOSED TO BEST PRACTICES IN THE PROFESSION, LEARN OF THE NEWEST TECHNOLOGIES AND BUILD THEIR PROFESSIONAL NETWORK. AS A RESULT, STUDENTS ARE BETTER EQUIPPED TO IMPLEMENT SUSTAINABLE PRACTICES, INCREASED WORK PRODUCTIVITY, WELLNESS AND COST SAVINGS TO THEIR ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed First Vice Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Past Chair | Trustee | 3 | $0 |
Name Not Listed Trustee | Trustee | 3 | $0 |
Name Not Listed Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,316 |
| Related organizations | $0 |
| Government grants | $50,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $782,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,482 |
| Total Program Service Revenue | $686 |
| Investment income | $32,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,395 |
| Net Income from Fundraising Events | -$5,539 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $969,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $119,485 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,085 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,628 |
| Compensation of current officers, directors, key employees. | $49,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,913 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,923 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $826,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,607 |
| Savings and temporary cash investments | $3,646 |
| Pledges and grants receivable | $232,845 |
| 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 | $3,703 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $829,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,274,925 |
| Accounts payable and accrued expenses | $120,831 |
| 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 | $120,831 |
| Net assets without donor restrictions | $65,212 |
| Net assets with donor restrictions | $1,088,882 |
| 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 | $1,274,925 |