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Nonprofiteer
← THE IRONMAN FOUNDATION INC

Form 990 for tax year 2023

Filed by THE IRONMAN FOUNDATION INC.

Totals

Total revenue
$3,014,154
Total expenses
$3,323,761
Contributions and grants received
$2,675,327
Grants paid
$2,043,276
Program service revenue
$0
Investment income
$325,087
Other revenue
$13,740
Total assets, end of year
$9,446,547
Total liabilities, end of year
$207,561
Net assets or fund balances, end of year
$9,238,986
Program services expenses (Part IX)
$2,594,943
Management and general expenses
$400,873
Fundraising expenses
$327,945
Program service expenses (Part III)
$2,594,943

Program services were 78.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,675,327

  • 3 · Investment income

    total $325,087 · excluded $325,087

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $13,740 · excluded $13,740

  • 11e · Other revenue, total

    $13,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,992,376 · program services $1,992,376

  • 3 · Grants to foreign organizations and individuals

    total $50,900 · program services $50,900

  • 5 · Compensation of officers, directors and key employees

    total $112,675 · program services $54,083 · management and general $36,056 · fundraising $22,536

  • 7 · Other salaries and wages

    total $356,237 · program services $172,602 · management and general $112,388 · fundraising $71,247

  • 9 · Other employee benefits

    total $55,475 · program services $26,837 · management and general $17,543 · fundraising $11,095

  • 10 · Payroll taxes

    total $36,126 · program services $17,466 · management and general $11,435 · fundraising $7,225

  • 11b · Fees: legal

    total $366 · management and general $366

  • 11c · Fees: accounting

    total $61,072 · management and general $61,072

  • 11f · Fees: investment management

    total $36,822 · management and general $36,822

  • 11g · Fees: other

    total $47,164 · management and general $49,674 · fundraising -$2,510

  • 12 · Advertising and promotion

    total $43,930 · program services $30,332 · management and general $13,598

  • 13 · Office expenses

    total $65,559 · program services $48,376 · management and general $17,183

  • 16 · Occupancy

    total $42,356 · program services $20,478 · management and general $13,407 · fundraising $8,471

  • 17 · Travel

    total $122,100 · program services $54,945 · management and general $30,525 · fundraising $36,630

  • 24a · Other expenses: EVENT EXPENSES

    total $127,038 · program services $125,744 · fundraising $1,294

  • 24b · Other expenses: BAD DEBT

    total $100,000 · fundraising $100,000

  • 24c · Other expenses: MERCHANT PROCESSING FEE

    total $62,157 · fundraising $62,157

  • 24d · Other expenses: LICENSES AND PERMITS

    total $9,800 · fundraising $9,800

  • 24e · All other expenses

    total $1,608 · program services $804 · management and general $804

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,294,347 · end of year $273,628

  • 2 · Savings and temporary cash investments

    beginning of year $140,580 · end of year $571,505

  • 4 · Accounts receivable

    beginning of year $150,000 · end of year $184,272

  • 10a · Land, buildings and equipment: cost or other basis

    $58,913

  • 10b · Land, buildings and equipment: accumulated depreciation

    $58,913

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,000,521 · end of year $8,379,088

  • 15 · Other assets

    beginning of year $328,363 · end of year $38,054

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,734 · end of year $199,282

  • 21 · Escrow or custodial account liability

    beginning of year $16,712 · end of year $8,279

  • 27 · Net assets without donor restrictions

    beginning of year $8,827,365 · end of year $9,238,986

Mission and programs · 2023

Mission

TO LEAVE IRONMAN'S LEGACY THROUGH PHILANTHROPY, VOLUNTEERISM AND GRANT MAKING; BY SUPPORTING VARIOUS ATHLETIC, COMMUNITY, EDUCATION, HEALTH, HUMAN SERVICES AND PUBLIC BENEFIT NON-PROFIT ORGANIZATIONS AROUND THE WORLD.

Activities or mission (Part I)

TO LEAVE IRONMAN'S LEGACY THROUGH PHILANTHROPY, VOLUNTEERISM AND GRANT MAKING.

  • IRONMAN FOUNDATION PROVIDES A GRANT FUNDING PROGRAM TO SUPPORT NONPROFIT INITIATIVES IN COMMUNITIES THROUGH THE COMMUNITY FUND PROGRAM AND A PARTICIPANT FUNDRAISING PROGRAM TO SUPPORT NONPROFIT ORGANIZATIONS.

    Expenses $2,594,943 · Grants $2,043,276

As filed on the 2023 return.

Listed in Part VII

  • Shane Facteau

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nick Paskiewicz

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lew Friedland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Moss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnny O'Briien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Audra Tassone-Indeck

    EXECUTIVE DIRECTOR

    Total calculated
    $112,676
    From this org
    $0
    From related orgs
    $107,813
    Other
    $4,863
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WORLD TRIATHLON CORPORATION

    C · IRONMAN EVENTS · FL

Provenance

Return type
form_990
Tax year
2023
Filed
12 December 2024
IRS schema version
2023v5.1
Source object
202423519349300922

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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