philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

If Foundation INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)International EIN 46-3176588Revenue $246K in FY2022

On file with the IRSif-foundation.org1 Rockefeller Plz Ste 2803, 10020-2064 · New York, NYTax-exempt since Nov 2013Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The If Foundation seeks to improve and enable the health and well-being of families living in the farming regions of the north department of haiti through the development and support of sustainable solutions aimed at poverty alleviation, education and economic development. The If Foundation will focus its resources on reducing food insecurity for families through agricultural development; nourishment of children and the promotion and education of healthy lifestyles. The Foundation will implement its interventions in partnership with the community and invest in building local capacity and the evaluation of all its activities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $45K a year · 18% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $2.3M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
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
$246K
-2% vs prior year
Spent
$307K
To programs
88%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$246K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$247K
FY2021$250K
FY2022$246K
FY2023$242K
FY2024$271K
Expenses
$307K
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$290K
FY2021$280K
FY2022$307K
FY2023$277K
FY2024$326K
Net assets
$2.3M
FY2022▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$2.3M
FY2023$2.7M
FY2024$2.9M

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2013.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $269K Management & general 12% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Thomas Iovino
Founder and President
$0Pt VII · Sec A
Michael Iovino
Board Member
$0Pt VII · Sec A
Jared Solomon
Board Member
$0Pt VII · Sec A
Sean Apgar
Board Member
$0Pt VII · Sec A
Kurt Schwartz
Board Member (started 8/22)
$0Pt VII · Sec A
See If Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Improves family health and well-being in Haiti through sustainable solutions for poverty, education, and economic development.

Questions for If Foundation INC

Tap to ask. If Foundation INC sees how many people are interested.

Your first name shows with your question. If Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $269K · in their own filed words · FY2022
01

Promote programs and activities that focus on creating sustainable economic opportunities for disadvantaged individuals primarily in haiti by providing them with the tools and training they need to become self-sufficient.

$269Kprogram expense

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
Jewish Communal FundFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$246K
Ln 12
Gifts and grantsLn 1h$173K
Investment incomeLn 3$73K
Money outPt IX
$307K
Ln 25
Programscol B$269K
Managementcol C$38K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$173K
Investment incomeLn 3$73K
Gains on assetsLn 7−$794
Total revenueLn 12$246K
Assets in detailPt X, end of year
SavingsLn 2$30K
Cash and savings togetherLn 1–2$30K
InvestmentsLn 11–13$2.3M
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$46K$30K
InvestmentsLn 11–13$2.9M$2.3M
Total assetsLn 16$2.9M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.9M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$269K$269K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$6K$6K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$275$275
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$307K$269K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $271K$326K−$55K$2.9M 990 PDF
FY2023 $242K$277K−$35K$2.7M 990 PDF
FY2022 Viewing $246K$307K−$61K$2.3M 990 PDF
FY2021 $250K$280K−$30K$2.9M 990 PDF
FY2020 $247K$290K−$43K$2.8M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $245,899 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,505$172,505
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $176,484$73,394
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $249,989$245,899
I-13 Grants and similar amounts paidPrior year $250,000$269,432
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30,157$37,667
I-18 Total expensesPrior year $280,157$307,099
I-19 Revenue less expensesPrior year −$30,168−$61,200
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $245,899 across 5 lines filed
VIII-1f All other contributions, gifts and grants$172,505
VIII-1h Total contributions, gifts and grants$172,505
VIII-3 Investment incomeExcluded from tax $74,188$74,188
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$794−$794
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $73,394$245,899
Part IX · Statement of functional expenses $307,099 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $269,432$269,432
IX-11c Accounting feesManagement $26,106$26,106
IX-11f Investment management feesManagement $6,380$6,380
IX-23 InsuranceManagement $3,574$3,574
IX-24 Other expenses (24a–d)Management $275$275
IX-24e All other expensesManagement $1,332$1,332
IX-25 Total functional expensesPrograms $269,432 · Management $37,667 · Fundraising $0$307,099
Part X · Balance sheet $2,340,059 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $46,436$29,735
X-4 Accounts receivableStart of year $29,245$29,245
X-11 Publicly traded securitiesStart of year $2,859,071$2,281,079
X-16 Total assetsStart of year $2,934,752$2,340,059
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,934,752$2,340,059
X-32 Total net assets or fund balancesStart of year $2,934,752$2,340,059
X-33 Total liabilities and net assetsStart of year $2,934,752$2,340,059
Part XI · Reconciliation of net assets $2,340,059 net assets at year end
XI-1 Total revenue$245,899
XI-2 Total expenses$307,099
XI-3 Revenue less expenses−$61,200
XI-4 Net assets at start of year$2,934,752
XI-5 Net unrealized gains (losses) on investments−$533,493
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,340,059

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.