The IBMA Foundation, Inc.
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615-260-4807
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4206 GALLATIN PIKE
Nashville, TN 37216
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2023

Fiscal Year End

06/30/2024

Projected Revenue

$143,890.00

Projected Expenses

$129,327.00

Organizational Budgets and Other Documents

2023-24 IBMA Fdn Budget 2024
2022-23 Budget 2023
2021-2022 Budget 2022
IBMA Fdn budget 2020-21 2021
2019-2020 Budget 2020
2018-2019 Budget 2019

IRS Letter of Exemption

IRS Letter of Determination

Detailed Financials

Revenue and Expenses
Fiscal Year202320222021
Total Revenue $127,048.00$232,039.00$349,936.00
Total Expenses $124,084.00$108,244.00$261,250.00
Revenue Less Expenses $2,964.00$123,795.00$88,686.00

Revenue Sources
Fiscal Year202320222021
Foundation and Corporation Contributions $0.00$0.00$67,490.00
Government - Federal $0.00$0.00$0.00
Government - State $0.00$0.00$0.00
Government - Local $0.00$0.00$0.00
Government - Unspecified $0.00$0.00$0.00
Contributions, Gifts, and Grants $108,488.00$199,084.00$260,173.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $13,650.00$420.00$60.00
Investment Income, Net of Losses $4,780.00$11,464.00$7,053.00
Membership Dues $0.00$0.00$0.00
Special Events $0.00$21,030.00$15,145.00
Revenue In-Kind $0.00$0.00$0.00
Other $120.00$41.00$15.00

Expense Allocation
Fiscal Year202320222021
Program Expense $83,257.00$77,102.00$235,693.00
Administration Expense $29,526.00$31,142.00$25,557.00
Fundraising Expense $11,301.00$0.00$0.00
Total Revenue/Total Expenses 102%214%134%
Program Expense/Total Expenses 67%71%90%
Fundraising Expense/Contributed Revenue 9%0%0%

Top Funding Sources
Fiscal Year202320222021
Top Funding Source & Dollar Amount Contributions, Gifts, and Grants
$108,488.00
Contributions, Gifts, and Grants
$199,084.00
Contributions, Gifts, and Grants
$260,173.00
Second Highest Funding Source & Dollar Amount Program Revenue
$13,650.00
Fundraising Events
$21,030.00
Foundation and Corporations
$67,490.00
Third Highest Funding Source & Dollar Amount Investment Income
$4,780.00
Investment Income
$11,464.00
Fundraising Events
$15,145.00

Assets and Liabilities
Fiscal Year202320222021
Total Assets $437,779.00$411,918.00$336,759.00
Current Assets $113,173.00$123,207.00$123,572.00
Long-Term Liabilities $0.00$0.00$0.00
Current Liabilities $0.00$0.00$0.00
Total Net Assets $437,779.00$411,918.00$336,759.00

Endowment Info

Do you have an endowment?

Yes

What is the value of the endowment?

$207,412.00

What is the spending policy for your endowment?

N/A

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2024

Form 990s

IBMA Foundation 990 2023
990 2022 IBMA Foundation, Inc. 2022
990 2022
990 2021
990EZ 2020
990 2019
990N 2018
990N 2017
990N 2016
990N 2015

Audit Documents

2021-22 End of Year Report 2022
2020-2021 End of Year Report 2021
2020-2021 Financial Audit 2021
2018-2019 End of Year Report 2019

Foundation Staff Comments


Financial figures taken from the NATIONAL Form 990. Organization based in Burlington, NC. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these are not separated in Form 990. In some years, Schedule B removed to protect donor privacy. Form 990 was prepared by Riney Hancock CPAs PSC. Comments provided by Nicole Rose 05/24/2024.