Idea Relief Foundation Inc
- Assets
- $308.7k
- Revenue
- $985.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuart, FL
- Founding
- Data as of
- 12/2020
- EIN
- 84-4008136
Organization Overview
Idea Relief Foundation Inc is located in Stuart, FL. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, 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. Idea Relief 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A MARINE DISASTER RESPONSE AND PREPARATION ORGANIZATION THAT USES LESSONS LEARNED DURING PREVIOUS DISASTERS TO LEAD THE COUNTRY IN DEVELOPING AND DOCUMENTING BEST PRACTICES FOR FUTURE DISASTER RESPONSE. WE ENDEAVOR TO CREATE A STRONG NETWORK OF PUBLIC AND PRIVATE PARTNERSHIPS TO ACHIEVE THIS GOAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEN THE COVID-19 PANDEMIC HIT, IDEA RELIEF WAS FORCED TO CONFRONT A MAJOR FOOD CRISIS IN ABACO AS THOSE RESIDENTS ALREADY STRUGGLING TO RECOVER FROM HURRICANE DORIAN AND MANY WERE WITHOUT JOBS. THE PANDEMIC EXACERBATED THIS CRISIS BE EFFECTIVELY SHUTTING DOWN TOURISM, THE ISLANDS NUMBER ONE INDUSTRY. IN A UNIQUE PUBLIC-PRIVATE PARTNERSHIP WITH THE BAHAMIAN GOVERNMENT, IDEA RELIEF IMPLEMENTED A YEAR-LONG FOOD DISTRIBUTION PROGRAM WHICH IMPACTED AN AVERAGE OF 12,000 ABACONIANS PER WEEK (PEAKING AT 16,000). AS THE ZONE LEADERS FOR ABACO, IDEA RELIEF WAS RESPONSIBLE FOR MANAGING A FIVE-MILLION-DOLLAR BUDGET FOR THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Aranha Secretary | Officer | 10 | $0 |
Michael Myatt Treasurer | Officer | 10 | $0 |
Will Tomlinson President | Officer | 40 | $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 | $985,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,325 |
| Total Program Service Revenue | $0 |
| 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 | $985,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $95,000 |
| 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 | $4,689 |
| 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 | $1,204 |
| Office expenses | $4,582 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $530 |
| 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 | $0 |
| All other expenses | $52,606 |
| Total functional expenses | $688,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,713 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,713 |
| 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 | $308,713 |
| 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 | $308,713 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Idea Relief Foundation Inc has recieved totaling $67,193.
| Awarding Organization | Amount |
|---|---|
Bahamas Music Foundation Usa Inc Windermere, FL PURPOSE: MARINE DEBRIS CLEAN UP | $57,000 |
Only One Inc New York, NY PURPOSE: ON GOING HURRICAN RELEIF. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $143 |
Global Support And Development Redwood City, CA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Empowerment Mission Inc Doral, FL | $12,885,666 | $34,667,430 |
Association Of Public-Safety Communications Officials-Internati Daytona Beach, FL | $12,656,968 | $13,455,177 |
Nature Coast Emergency Medical Foundation Inc Tampa, FL | $3,918,944 | $10,554,080 |
Central Florida Disaster Medical Coalition Inc Orlando, FL | $748,028 | $5,110,255 |
Hearts & Hands Disaster Recovery Clermont, FL | $99,815 | $2,118,556 |
People For Care & Learning Mobile, AL | $1,421,094 | $1,215,551 |
Puerto Rico Rises Corp Deltona, FL | $64,197 | $1,653,775 |
Darden Dimes Inc Orlando, FL | $4,294,723 | $2,955,933 |
Prodisee Pantry Inc Daphne, AL | $3,736,781 | $1,491,602 |
West Central Florida Disasterservices Incorporated Saint Petersburg, FL | $672,158 | $1,039,526 |
Community Organizations Active In Disaster Inc Pensacola, FL | $1,853,318 | $911,928 |
Global Catalytic Network Rockledge, FL | $216,524 | $810,745 |