Totals
- Total revenue
- $917,988
- Total expenses
- $1,152,732
- Contributions and grants received
- $715,149
- Grants paid
- $21,000
- Program service revenue
- $0
- Investment income
- $202,839
- Other revenue
- $0
- Total assets, end of year
- $8,685,284
- Total liabilities, end of year
- $691,116
- Net assets or fund balances, end of year
- $7,994,168
- Program services expenses (Part IX)
- $1,152,732
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,152,732
Program services were 100.0% 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
$715,149
-
3 · Investment income
total $202,839 · excluded $202,839
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $21,000 · program services $21,000
-
5 · Compensation of officers, directors and key employees
total $261,956 · program services $261,956
-
7 · Other salaries and wages
total $69,773 · program services $69,773
-
11c · Fees: accounting
total $2,214 · program services $2,214
-
11g · Fees: other
total $210,601 · program services $210,601
-
13 · Office expenses
total $6,427 · program services $6,427
-
17 · Travel
total $9,218 · program services $9,218
-
24a · Other expenses: REPUTATION CAMPAIGN EXP
total $334,918 · program services $334,918
-
24b · Other expenses: BAD DEBTS
total $152,814 · program services $152,814
-
24c · Other expenses: DIRECT PROGRAM EXPENSE
total $53,992 · program services $53,992
-
24d · Other expenses: DISCOUNT ON LT RECEIVAB
total $17,633 · program services $17,633
-
24e · All other expenses
total $12,186 · program services $12,186
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $710,257 · end of year $178,397
-
3 · Pledges and grants receivable
beginning of year $964,087 · end of year $1,054,238
-
9 · Prepaid expenses and deferred charges
end of year $7,500
-
11 · Investments: publicly traded securities
beginning of year $7,218,076 · end of year $5,389,396
-
15 · Other assets
beginning of year $0 · end of year $2,055,753
-
17 · Accounts payable and accrued expenses
beginning of year $201,293 · end of year $33,247
-
25 · Other liabilities
beginning of year $486,449 · end of year $657,869
-
27 · Net assets without donor restrictions
beginning of year $5,992,251 · end of year $6,191,067
-
28 · Net assets with donor restrictions
beginning of year $2,212,427 · end of year $1,803,101
Mission and programs · 2022
Mission
ADVANCING FRANCHISING AND THE FREE ENTERPRISE SYSTEM BY:--INCREASING THE KNOWLEDGE AND PROFESSIONAL STANDARDS OF ALL MEMBERS OF THE FRANCHISING COMMUNITY;--EDUCATING THE NEXT GENERATION OF FRANCHISING PRACTITIONERS; ANDINCREASING RECOGNITION OF FRANCHISING'S KEY ROLE IN THE FREE ENTERPRISE SYSTEM.
Activities or mission (Part I)
ADVANCING FRANCHISING AND THE FREE ENTERPRISE SYSTEM BY:--INCREASING THE KNOWLEDGE AND PROFESSIONAL STANDARDS OF ALL MEMBERS OF THE FRANCHISING COMMUNITY,--EDUCATING THE NEXT GENERATION OF FRANCHISING PRACTITIONERS,--INCREASING RECOGNITION OF FRANCHISING'S KEY ROLE IN THE FREE ENTERPRISE SYSTEM, AND--PROVIDING COMPREHENSIVE INFORMATION AND RESEARCH ABOUT IMPORTANT DEVELOPMENTS AND TRENDS IN FRANCHISING.
-
THE FOUNDATION IS ORGANIZED AND OPERATED TO USE FUNDS DONATED BY IFA MEMBERS AND OTHERS, AND OTHER FUNDRAISING ACTIVITIES, TO FULFILL EDUCATIONAL OBJECTIVES, TO PROMOTE PROFESSIONAL DEVELOPMENT, AND TO EXPAND THE KNOWLEDGE AND AWARENESS OF FRANCHISING. THE FOUNDATION ALSO CONDUCTS AND SUPPORTS RESEARCH INTO ALL ASPECTS OF FRANCHISING, AND PROVIDES SCHOLARSHIPS TO STUDENTS ENGAGED IN BUSINESS STUDIES AT COLLEGES AND UNIVERSITIES.
Expenses $1,152,732 · Grants $21,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dan Monaghan CfeDAN MONAGHAN CFE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Tony Valle CfeTONY VALLE CFE
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Earsa Jackson CfeEARSA JACKSON CFE
CHAIR, DIVERSITY INSTITUTE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Steve WhiteSTEVE WHITE
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Ralph Yarusso CfeRALPH YARUSSO CFE
CHAIR, VETFRAN
- Total calculated
- $0
- Hours/week
- 0.6
-
Stan FriedmanSTAN FRIEDMAN
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Ronald Feldman CfeRONALD FELDMAN CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Jo Kirchner CfeJO KIRCHNER CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Gordon LoganGORDON LOGAN
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Bret LowellBRET LOWELL
LEGAL COUNCIL
- Total calculated
- $0
- Hours/week
- 0.3
-
James Mowery CfeJAMES MOWERY CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Omar SimmonsOMAR SIMMONS
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Jj SorrentiJJ SORRENTI
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Jim Squire CfeJIM SQUIRE CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
R Scott Sutton CfeR SCOTT SUTTON CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Paul Pickett CfePAUL PICKETT CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Edith Wiseman CfeEDITH WISEMAN CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Karen Satterlee CfeKAREN SATTERLEE CFE
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Tamra KennedyTAMRA KENNEDY
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
John LancasterJOHN LANCASTER
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Richard SnowRICHARD SNOW
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Steven TurnerSTEVEN TURNER
AT LARGE TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Rikki AmosRIKKI AMOS
EXECUTIVE DIRECTOR (UNTIL 3/23)
- Total calculated
- $259,071
- From this org
- $221,565
- From related orgs
- $0
- Other
- $37,506
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,485
- Bonus
- $37,080
- Other
- $0
- Deferred
- $18,502
- Nontaxable benefits
- $21,889
- Filer's total
- $261,956
-
William Hall CfeWILLIAM HALL CFE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION FOR THE FOUNDATION'S PRESIDENT/COO AND VP IS ESTABLISHED BY A RELATED ORGANIZATION, THE INTERNATIONAL FRANCHISE ASSOCIATION (IFA). THE PRESIDENT/COO AND VP'S COMPENSATION IS REVIEWED BY THE PRESIDENT/CEO OF IFA. IFA GENERALLY UTILIZES THE FOLLOWING TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, AND/OR APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INTERNATIONAL FRANCHISE ASSOCIATION
501(C)(6) · PROTECTS, ENHANCES, AND PROMOTES FRANCHISING · IL
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.
-
INSTITUTE OF CERTIFIED FRANCHISE EXECUTIVES INC
C · CERTIFICATION PROGRAM · DC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421699349300512
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