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Ibla Foundation

Tax-deductible

New York, NY501(c)(3)Arts & Culture EIN 13-4101767Revenue $263K in FY2025

On file with the IRS568 Grand Street, 10002-4378 · New York, NYTax-exempt since May 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The Ibla Foundation to organize music competition for pianists, singers, composers and instrumentalists. To present winners in concerts worldwide.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $75K a year · 33% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
85 mo
of spending, in cash
Looks good: 85.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $130K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$263K
-10% vs prior year
Spent
$183K
To programs
100%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$263K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$193K
FY2021$138K
FY2022$253K
FY2023$239K
FY2024$292K
FY2025$263K
Expenses
$183K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$96K
FY2021$117K
FY2022$217K
FY2023$138K
FY2024$174K
FY2025$183K
Net assets
$1.3M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$944K
FY2021$965K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $183K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Michael Yasenak
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ibla Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes music competitions and presents winners in concerts globally.

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Provided by the organization

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2 programs · $183K · in their own filed words · FY2025
01

To organize music competition for pianists, singers, composers and instrumentalists. To present winners in concerts worldwide.

$183Kprogram expense
02

To organize music competition for pianists, singers, composers and instrumentalists.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Records-Johnston Family Foundation INCFY2024$120K
The Chicago Community TrustFY2024$8K
David Hochberg FoundationFY2024$2K
Bertha & Jacob Rosenberg FoundationFY2024$1K
Total grants receivedfrom 4 funders$130K
See all 4 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$263K
Ln 12
Gifts and grantsLn 1h$220K
Investment incomeLn 3$35K
Fees for servicesLn 2g$8K
Money outPt IX
$183K
Ln 25
Programscol B$183K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$220K
Fees for servicesLn 2g$8K
Investment incomeLn 3$35K
Total revenueLn 12$263K
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.3M
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K$0$0
Advertising and promotionLn 12$21K$21K$0$0
Office expensesLn 13$8K$8K$0$0
TravelLn 17$110K$110K$0$0
Conferences, conventions and meetingsLn 19$41K$41K$0$0
Other expenses (24a–d)Ln 24$750$750$0$0
Total functional expensesLn 25$183K$183K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $263K$183K$80K$1.3M 990 PDF
FY2024 $292K$174K$118K$1.2M 990 PDF
FY2023 $239K$138K$100K$1.1M 990 PDF
FY2022 $253K$217K$36K$1.0M 990 PDF
FY2021 $138K$117K$21K$965K 990 PDF
FY2020 $193K$96K$97K$944K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $262,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $259,228$220,000
I-9 Program service revenuePrior year $6,788$8,014
I-10 Investment incomePrior year $25,772$34,879
I-11 Other revenue$0
I-12 Total revenuePrior year $291,788$262,893
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $174,161$182,915
I-18 Total expensesPrior year $174,161$182,915
I-19 Revenue less expensesPrior year $117,627$79,978
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $262,893 across 5 lines filed
VIII-1f All other contributions, gifts and grants$220,000
VIII-1h Total contributions, gifts and grants$220,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$8,014
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$34,879
VIII-12 Total revenueRelated to mission $42,893 · Unrelated business $0 · Excluded from tax $0$262,893
Part IX · Statement of functional expenses $182,915 across 6 lines filed
IX-11c Accounting feesPrograms $2,000 · Management $0 · Fundraising $0$2,000
IX-12 Advertising and promotionPrograms $21,100 · Management $0 · Fundraising $0$21,100
IX-13 Office expensesPrograms $8,275 · Management $0 · Fundraising $0$8,275
IX-17 TravelPrograms $110,240 · Management $0 · Fundraising $0$110,240
IX-19 Conferences, conventions and meetingsPrograms $40,550 · Management $0 · Fundraising $0$40,550
IX-24 Other expenses (24a–d)Programs $750 · Management $0 · Fundraising $0$750
IX-25 Total functional expensesPrograms $182,915 · Management $0 · Fundraising $0$182,915
Part X · Balance sheet $1,298,519 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,218,541$1,298,519
X-16 Total assetsStart of year $1,218,541$1,298,519
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,218,541$1,298,519
X-32 Total net assets or fund balancesStart of year $1,218,541$1,298,519
X-33 Total liabilities and net assetsStart of year $1,218,541$1,298,519
Part XI · Reconciliation of net assets $1,298,519 net assets at year end
XI-1 Total revenue$262,893
XI-2 Total expenses$182,915
XI-3 Revenue less expenses$79,978
XI-4 Net assets at start of year$1,218,541
XI-10 Net assets at end of year$1,298,519

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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