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Iaam Support Organization

Tax-deductible

Charleston, SC501(c)(3)Arts & Culture EIN 84-4264813Revenue $764K in FY2024Latest return filed Sep 5, 2025

On file with the IRSiaamuseum.orgCharleston, SCTax-exempt since May 2020Supporting org, Type I — 509(a)(3)

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The mission is to further the international african american museum's charitable purpose.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-4264813) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $7.8M a year · 886% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
97% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52.5M
375% of total assets
Liabilities are 375% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$764K
-44% vs prior year
Spent
$3.1M
To programs
97%
Net assets
−$38.5M
By yearFY2020–FY2024
Revenue
$764K
FY2024▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$90K
FY2021$242K
FY2022$1.9M
FY2023$1.4M
FY2024$764K
Expenses
$3.1M
FY2024▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$32.0M
FY2021$331K
FY2022$324K
FY2023$7.4M
FY2024$3.1M
Net assets
−$38.5M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$31.9M
FY2021−$32.0M
FY2022−$30.2M
FY2023−$36.2M
FY2024−$38.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Visit site Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $3.0M Management & general 3% · $98K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Joseph P Riley JR
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Ann Sullivan
Board Member
$0Pt VII · Sec A
Robert E Branan
Chairperson
$0Pt VII · Sec A
Dr Tonya Matthews
Chief Executive Officer
$0Pt VII · Sec A
Dianne Firment
Chief Financial Officer
$0Pt VII · Sec A
Malika Pryor
Chief Learning and Engagem
$0Pt VII · Sec A
Virginia Deerin
Major Gifts Officer
$0Pt VII · Sec A

Tonya Matthews’s $222K as Chief Executive Officer is at the 100th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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.

See Iaam Support Organization executive salaries →

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 15aYes

Programs and updates

Supports the International African American Museum's charitable mission.

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Your first name shows with your question. Iaam Support Organization answers here, for everyone.

1 program · $3.0M · in their own filed words · FY2024
01

The organization is a supporting organization with the purpose to operate and to perform or carry out the purposes of the international african american museum.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-4264813) · Dispute this line
$3.0Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$764K
Ln 12
Other incomeLn 4–11$764K
Money outPt IX
$3.1M
Ln 25
Programscol B$3.0M
Managementcol C$98K
Owns and owesPt X
−$38.5M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$14.0M
LiabilitiesLn 26$52.5M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$764K
Total revenueLn 12$764K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Prepaid expenses and deferred chargesLn 9$115K
Land, buildings, equipmentLn 10c$12.2M
Other assetsLn 15$1.7M
Total assetsLn 16$14.0M
LiabilitiesLn 26$52.5M
Net assetsLn 32−$38.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4K$4K
Land, buildings, equipmentLn 10c$14.9M$12.2M
Total assetsLn 16$16.2M$14.0M
LiabilitiesLn 26$52.4M$52.5M
Net assetsLn 32−$36.2M−$38.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Legal feesLn 11b$57K$57K
Other fees for servicesLn 11g$13K$13K
InterestLn 20$277K$277K
Depreciation, depletion and amortizationLn 22$2.7M$2.7M
Other expenses (24a–d)Ln 24$17K$17K$52
Total functional expensesLn 25$3.1M$3.0M$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 5, 2025 $764K$3.1M−$2.4M−$38.5M 990 PDF
FY2023Filed with the IRS Nov 8, 2024 $1.4M$7.4M−$6.0M−$36.2M 990 PDF
FY2022Filed with the IRS Aug 29, 2023 $1.9M$324K$1.6M−$30.2M 990 PDF
FY2021Filed with the IRS Jul 18, 2022 $242K$331K−$89K−$32.0M 990 PDF
FY2020Filed with the IRS May 5, 2021 $90K$32.0M−$31.9M−$31.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $763,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $1,354,418$763,654
I-12 Total revenuePrior year $1,354,419$763,654
I-13 Grants and similar amounts paidPrior year $0$0
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 $7,350,578$3,122,579
I-18 Total expensesPrior year $7,350,578$3,122,579
I-19 Revenue less expensesPrior year −$5,996,159−$2,358,925
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $763,654 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission $763,654$763,654
VIII-12 Total revenueRelated to mission $763,654 · Unrelated business $0 · Excluded from tax $0$763,654
Part IX · Statement of functional expenses $3,122,579 across 6 lines filed
IX-11a Management feesManagement $27,504$27,504
IX-11b Legal feesManagement $57,318$57,318
IX-11g Other fees for servicesManagement $13,104$13,104
IX-20 InterestPrograms $276,583$276,583
IX-22 Depreciation, depletion and amortizationPrograms $2,730,618$2,730,618
IX-24 Other expenses (24a–d)Programs $17,400 · Management $52$17,452
IX-25 Total functional expensesPrograms $3,024,601 · Management $97,978 · Fundraising $0$3,122,579
Part X · Balance sheet $13,993,572 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $3,984$3,984
X-9 Prepaid expenses and deferred chargesStart of year $142,405$114,901
X-10c Land, buildings and equipment, netStart of year $14,902,170$12,171,551
X-15 Other assetsStart of year $1,146,949$1,703,136
X-16 Total assetsStart of year $16,195,508$13,993,572
X-17 Accounts payable and accrued expensesStart of year $5,695,861$46,008
X-23 Secured mortgages and notes payableStart of year $17,114,632$17,207,184
X-25 Other liabilitiesStart of year $29,572,436$35,286,726
X-26 Total liabilitiesStart of year $52,382,929$52,539,918
X-27 Net assets without donor restrictionsStart of year −$36,187,421−$38,546,346
X-32 Total net assets or fund balancesStart of year −$36,187,421−$38,546,346
X-33 Total liabilities and net assetsStart of year $16,195,508$13,993,572
Part XI · Reconciliation of net assets −$38,546,346 net assets at year end
XI-1 Total revenue$763,654
XI-2 Total expenses$3,122,579
XI-3 Revenue less expenses−$2,358,925
XI-4 Net assets at start of year−$36,187,421
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$38,546,346

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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