Ibu Foundation EIN 27-4660946 Form 990 (PDF) Claim this org

Ibu Foundation FY2023 filing

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Empowers women artisans with skills and tools to build successful businesses and escape poverty. For fiscal year 2023 it reported $612K in revenue, $667K in expenses, and $212K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Charleston, SC
Website
www.ibumovement.org
Filings
5 on file (2020–2023)
Revenue
$612KFY2023
Expenses
$667K
Net assets
$212K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4660946 Public charity (501(c)(3)) Charleston, SC
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers women artisans with skills and tools to build successful businesses and escape poverty.
Leadership
Susan Walker · Board Member · $81K
Money in and out
$612K revenue, $667K expenses
Bottom line
64% program efficiency
Where the money goes · FY2023
Total revenue
$612K
Pt VIII · Ln 12
Total expenses
$667K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$55K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.09 Fundraising $0.26
Program efficiency
64%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$612K
FY2023▼ -40%
Expenses
$667K
FY2023▼ -14%
Total assets
$286K
FY2023▼ -31%
Total liabilities
$74K
FY2023▼ -88%
Total revenue
$612K
Pt VIII · Ln 12
Total expenses
$667K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$55K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIbu Foundation
EINHdr · item D27-4660946
Principal addressHdr · item CCharleston, SC
WebsiteHdr · item Jwww.ibumovement.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q12)
Ruling yearIRS BMFJan 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$81,026Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Beth Lin’s $120K as Chief Executive Ofiicer is at the 89th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021FY2020
Beth Lin$120,000
Susan Walker$81,026$75,000
Hannah Blatt$55,000$42,308$33,675

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $344K of program spending, described in the organization's own filed words · FY2023.
01

The Ibu Movement Marketplace is a key pillar of our mission to support global women artisans. By providing a marketplace for their handmade goods, Ibu provides a stable source of funds and allows our artisan partners to plan their budgets and hiring capacities.

$187Kprogram expense
02

Capacity Building Grant to Kandahar Treasure

In 2023, Ibu Foundation continued its activities with Kandahar Treasure from the $378,662 grant received from the U.S. Department of State, covering the period from October 2022 to March 2024.

$110Kprogram expense
03

Colombiana Event

Celebrating the rich heritage and diverse culture of Colombia, Ibu brought 11 artisan leaders to Charleston, SC, from various regions to share their crafts and the incredible impact their work is making on the indigenous communities, particularly women.

$47Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$618K · 101%
Program service revenue$19K · 3%
Contributions & grants101%$618K
Program service revenue3%$19K
Investment income$691
Total revenueLn 12$612K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.09 Fundraising $0.26
Program services64%$427K
Management & general9%$63K
Fundraising26%$177K
Total functional expensesLn 25$667K

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$286K
Total liabilitiesLn 26$74K
Total net assetsLn 32$212K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $286K · Operating expenses/yr $667K
5.1 months
Where the money goes
Program services
Program services $427K · Total expenses $667K
64%
Management & General
Management & general $63K · Total expenses $667K
9%
Fundraising
Fundraising $177K · Total expenses $667K
26%
Cost to raise $1
Fundraising expense (3-yr avg) $137K · Solicited contributions (3-yr avg) $658K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $618K · Total revenue $612K
101%
Government reliance
Government grants — · Total revenue $612K
Earned-income share
Program service revenue $19K · Total revenue $612K
3%
Investment reliance
Investment income $691 · Total revenue $612K
+0.1%
Program self-sufficiency
Program service revenue $19K · Total expenses $667K
3%
Growth & trend
Revenue growth (YoY)
This year $612K · Prior year $1.0M
-40%
Revenue CAGR
FY2019 $245K · FY2023 $612K
+26%
Net-asset trend (YoY)
End of year $212K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $612K · Expenses $667K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
Net-asset ratio
Net assets $212K · Total assets $286K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Walker · Reported title BOARD MEMBER · Highest reported compensation $81K · Total expenses $667K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $277K · Total expenses $667K
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 9%
Fundraising cost ratio 29%
Revenue growth -40%
Legal fee ratio 0.9%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$913K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$341K revenue · ⤓ 990 PDF
FY2021$123K revenue · ⤓ 990 PDF
FY2020$245K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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