Totals
- Total revenue
- $855,522
- Total expenses
- $1,532,102
- Contributions and grants received
- $276,867
- Grants paid
- $20,500
- Program service revenue
- $416,922
- Investment income
- $161,733
- Other revenue
- $0
- Total assets, end of year
- $4,004,204
- Total liabilities, end of year
- $205,545
- Net assets or fund balances, end of year
- $3,798,659
- Program services expenses (Part IX)
- $1,195,400
- Management and general expenses
- $330,395
- Fundraising expenses
- $6,307
- Program service expenses (Part III)
- $1,195,400
Program services were 78.0% 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
$276,867
-
2a · Program service revenue: Conference registration
total $93,875 · related or exempt $93,875
-
2b · Program service revenue: Other revenues
total $16,376 · related or exempt $16,376
-
2c · Program service revenue: Program services
total $99,000 · related or exempt $99,000
-
2d · Program service revenue: Support services
total $207,671 · unrelated business $207,671
-
3 · Investment income
total $151,271 · excluded $151,271
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,766,221
-
7b · Less cost or other basis and sales expenses
securities $1,755,759
-
7c · Gain or loss
securities $10,462
-
7d · Net gain or loss
total $10,462 · excluded $10,462
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,500 · program services $20,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $345,651 · program services $311,085 · management and general $34,566
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $112,292 · program services $43,303 · management and general $65,845 · fundraising $3,144
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $55,931 · program services $42,974 · management and general $12,059 · fundraising $898
-
10 · Payroll taxes
total $34,798 · program services $26,365 · management and general $8,178 · fundraising $255
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $43,102 · management and general $43,102
-
11c · Fees: accounting
total $52,470 · management and general $52,470
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $217,534 · program services $217,534
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,922 · program services $2,077 · management and general $4,845
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $71,919 · program services $21,576 · management and general $50,343
-
17 · Travel
total $63,319 · program services $60,944 · management and general $365 · fundraising $2,010
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $6,826 · management and general $6,826
-
24a · Other expenses: Training
total $424,693 · program services $424,693
-
24b · Other expenses: Equipment rental/maint
total $29,679 · program services $8,904 · management and general $20,775
-
24c · Other expenses: Telephone
total $11,855 · program services $3,556 · management and general $8,299
-
24d · Other expenses: Other expenses
total $11,335 · program services $3,456 · management and general $7,879
-
24e · All other expenses
total $23,276 · program services $8,433 · management and general $14,843
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $156,973 · end of year $148,684
-
2 · Savings and temporary cash investments
beginning of year $230,707 · end of year $10,466
-
3 · Pledges and grants receivable
beginning of year $100,000 · end of year $0
-
4 · Accounts receivable
beginning of year $102,307 · end of year $42,105
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,772 · end of year $18,479
-
10a · Land, buildings and equipment: cost or other basis
$68,273
-
10b · Land, buildings and equipment: accumulated depreciation
$45,668
-
10c · Land, buildings and equipment, net
beginning of year $23,171 · end of year $22,605
-
11 · Investments: publicly traded securities
beginning of year $2,948,878 · end of year $3,137,617
-
12 · Investments: other securities
beginning of year $873,048 · end of year $448,785
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $224,622 · end of year $175,463
-
17 · Accounts payable and accrued expenses
beginning of year $94,277 · end of year $32,490
-
25 · Other liabilities
beginning of year $220,205 · end of year $173,055
-
27 · Net assets without donor restrictions
beginning of year $4,240,793 · end of year $3,790,456
-
28 · Net assets with donor restrictions
beginning of year $108,203 · end of year $8,203
Mission and programs · 2023
Mission
Providing training and education on public issues affecting the welfare of West and Southwestern United States families, as well as researching and publicizing studies related to such issues.
-
IEF provided training and education for community, civic, and religious organizations and for the general public on public issues affecting the welfare of West and Southwestern United States families, as well as researched and publicized studies related to such issues.
Expenses $1,195,400 · Grants $20,500 · Revenue $416,922
As filed on the 2023 return.
Listed in Part VII
-
Ernesto Cortes Jr
Co-Director
- Total calculated
- $290,393
- From this org
- $249,526
- From related orgs
- $0
- Other
- $40,867
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $249,526
- Bonus
- not reported
- Other
- not reported
- Deferred
- $16,732
- Nontaxable benefits
- $24,135
- Filer's total
- $290,393
-
Paul Turner
Co-Director
- Total calculated
- $209,202
- From this org
- $181,125
- From related orgs
- $0
- Other
- $28,077
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,125
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $28,077
- Filer's total
- $209,202
-
David Garcia
Chair
- Total calculated
- $0
- Hours/week
- 1
-
John Korcsmar
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Regina Rogoff
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sally Boeckholt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Minerva Carcano
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rhenel Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Linder
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Ogletree
Director
- Total calculated
- $0
- Hours/week
- 1
-
Consuelo Tovar
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Approval by the board or compensation committee
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 II, Compensation from Unrelated Organizations
- Ernesto Cortes, Jr., IEF's Co-Director, is also an employee of Industrial Areas Foundation (IAF) and a portion of his compensation is paid by IAF.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433179349308893
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