Ifa Foundation EIN 36-3655118 Form 990 (PDF) Claim this org

Ifa Foundation FY2022 filing

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Educates the public about ancient African Ifa philosophy through retreats, workshops, books, and free gardens. For fiscal year 2022 it reported $165K in revenue, $259K in expenses, and $677K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Ormond Beach, FL
Website
www.ifafoundation.org
Filings
5 on file (2020–2022)
Revenue
$165KFY2022
Expenses
$259K
Net assets
$677K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3655118 Public charity (501(c)(3)) Ormond Beach, FL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates the public about ancient African Ifa philosophy through retreats, workshops, books, and free gardens.
Leadership
Vassa Neimark · President
Money in and out
$165K revenue, $259K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$165K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$677K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$94K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-57%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$165K
FY2022▼ -40%
Expenses
$259K
FY2022▼ -23%
Total assets
$677K
FY2022▼ -13%
Total liabilities
$0
FY2022
Total revenue
$165K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$677K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$94K
Total assetsPt X · Ln 16$677K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIfa Foundation
EINHdr · item D36-3655118
Principal addressHdr · item COrmond Beach, FL
WebsiteHdr · item Jwww.ifafoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Ifa Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $259K of program spending, described in the organization's own filed words · FY2022.
01

The Sacred Orisha Garden at Ola Olu .This is the First representation of the Sacred Gardens previously represented and available only in Oshogbo in Nigeria and recognized by Professor Robin Poynor of the University of Florida continued to thrive and grow.

$259Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$123K · 75%
Contributions & grants$42K · 25%
Program service revenue75%$123K
Contributions & grants25%$42K
Total revenueLn 12$165K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$259K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$12K
Total assetsLn 16$677K
Total liabilitiesLn 26$0
Total net assetsLn 32$677K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12K · Operating expenses/yr $259K
0.5 months
Where the money goes
Program services
Program services $259K · Total expenses $259K
100%
Management & General
Management & general $0 · Total expenses $259K
0%
Fundraising
Fundraising $0 · Total expenses $259K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $45K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $42K · Total revenue $165K
25%
Government reliance
Government grants $0 · Total revenue $165K
0%
Earned-income share
Program service revenue $123K · Total revenue $165K
75%
Investment reliance
Investment income $0 · Total revenue $165K
0%
Program self-sufficiency
Program service revenue $123K · Total expenses $259K
48%
Growth & trend
Revenue growth (YoY)
This year $165K · Prior year $275K
-40%
Net-asset trend (YoY)
End of year $677K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $165K · Expenses $259K
-57%
Liabilities-to-Assets
Total liabilities — · Total assets $677K
Net-asset ratio
Net assets $677K · Total assets $677K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $677K
0%
People & payroll
Highest Reported Total Compensation
Individual Vassa Neimark · Reported title President · Highest reported compensation $0 · Total expenses $259K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $259K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -40%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

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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)$184K revenue · ⤓ 990 PDF
FY2023$207K revenue · ⤓ 990 PDF
FY2022$165K revenue · viewing · ⤓ 990 PDF
FY2021$275K revenue · ⤓ 990 PDF
FY2020$229K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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