Iaam Support Organization FY2022 filing

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

Form 990 Part I, line 1, FY2022. 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.
92¢ of each $1 spent went to programs.
$851K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$851K
to officers and key staff · 263% of spending
Pay to officers and key staff is 263% of spending.
Part VII, Section A
0.1 mo
of spending, in cash
0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$46.1M
290% of total assets
Liabilities are 290% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.9M
+696% vs prior year
Spent
$324K
To programs
92%
Net assets
−$30.2M
By yearFY2020–FY2024
Revenue
$1.9M
FY2022▲ +696%
Tap a bar for its year
Revenue by fiscal year
FY2020$90K
FY2021$242K
FY2022$1.9M
FY2023$1.4M
FY2024$764K
Expenses
$324K
FY2022▼ -2%
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
−$30.2M
FY2022▲ +6%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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 May 2020.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $296K Management & general 8% · $28K

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

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Who runs it and what they're paid

9 people listed on the 990; $851K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Chief Executive Officer
$221,730Pt VII · Sec A
Chief Development Officer
$165,357Pt VII · Sec A
$156,730Pt VII · Sec A
Chief Operating Officer
$153,756Pt VII · Sec A
Major Gifts Officer
$153,725Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Board Member
$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.

Questions for Iaam Support Organization

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1 program · $296K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-4264813) · Dispute this line
$296Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$173K
Investment incomeLn 3$1
Money outPt IX
$324K
Ln 25
Programscol B$296K
Managementcol C$28K
Owns and owesPt X
−$30.2M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$15.9M
LiabilitiesLn 26$46.1M
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Noncash giftsLn 1g$1.8M
Investment incomeLn 3$1
Other incomeLn 4–11$173K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Prepaid expenses and deferred chargesLn 9$170K
Other assetsLn 15$15.7M
Total assetsLn 16$15.9M
LiabilitiesLn 26$46.1M
Net assetsLn 32−$30.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4K$4K
Total assetsLn 16$4.8M$15.9M
LiabilitiesLn 26$36.8M$46.1M
Net assetsLn 32−$32.0M−$30.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Other fees for servicesLn 11g$2K$2K
InterestLn 20$277K$277K
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$324K$296K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2022 ViewingFiled 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 J · Pay M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $1,925,571 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $240,281$1,752,676
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,479$1
I-11 Other revenuePrior year $0$172,894
I-12 Total revenuePrior year $241,760$1,925,571
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 $331,198$323,734
I-18 Total expensesPrior year $331,198$323,734
I-19 Revenue less expensesPrior year −$89,438$1,601,837
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,925,571 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,752,676
VIII-1g Noncash contributions (included above)$1,752,676
VIII-1h Total contributions, gifts and grants$1,752,676
VIII-3 Investment incomeExcluded from tax $1$1
VIII-6 Net rental income or lossRelated to mission $172,894$172,894
VIII-12 Total revenueRelated to mission $172,894 · Unrelated business $0 · Excluded from tax $1$1,925,571
Part IX · Statement of functional expenses $323,734 across 4 lines filed
IX-11a Management feesManagement $27,504$27,504
IX-11g Other fees for servicesPrograms $2,247$2,247
IX-20 InterestPrograms $276,583$276,583
IX-24 Other expenses (24a–d)Programs $17,400$17,400
IX-25 Total functional expensesPrograms $296,230 · Management $27,504 · Fundraising $0$323,734
Part X · Balance sheet $15,911,769 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,978$3,979
X-9 Prepaid expenses and deferred chargesStart of year $197,413$169,909
X-15 Other assetsStart of year $4,586,602$15,737,881
X-16 Total assetsStart of year $4,787,993$15,911,769
X-17 Accounts payable and accrued expensesStart of year $63,408$46,008
X-23 Secured mortgages and notes payableStart of year $16,929,528$17,022,080
X-25 Other liabilitiesStart of year $19,826,755$29,034,942
X-26 Total liabilitiesStart of year $36,819,691$46,103,030
X-27 Net assets without donor restrictionsStart of year −$32,031,698−$30,191,261
X-32 Total net assets or fund balancesStart of year −$32,031,698−$30,191,261
X-33 Total liabilities and net assetsStart of year $4,787,993$15,911,769
Part XI · Reconciliation of net assets −$30,191,261 net assets at year end
XI-1 Total revenue$1,925,571
XI-2 Total expenses$323,734
XI-3 Revenue less expenses$1,601,837
XI-4 Net assets at start of year−$32,031,698
XI-6 Donated services and use of facilities$238,600
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$30,191,261

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

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