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Nonprofiteer
← IFF SUPPORT CORPORATION

Form 990 for tax year 2025

Filed by IFF SUPPORT CORPORATION.

Totals

Total revenue
$106,091
Total expenses
$595,313
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$91,050
Investment income
$15,041
Other revenue
$0
Total assets, end of year
$7,805,726
Total liabilities, end of year
$7,989,074
Net assets or fund balances, end of year
-$183,348
Program services expenses (Part IX)
$592,013
Management and general expenses
$3,300
Fundraising expenses
$0
Program service expenses (Part III)
$592,013

Program services were 99.4% 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.

  • 2a · Program service revenue: Rental Income

    total $91,050 · related or exempt $91,050

  • 3 · Investment income

    total $15,041 · excluded $15,041

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $40,000 · program services $40,000

  • 11c · Fees: accounting

    total $3,300 · management and general $3,300

  • 20 · Interest

    total $79,600 · program services $79,600

  • 22 · Depreciation, depletion and amortization

    total $472,413 · program services $472,413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,168 · end of year $19,906

  • 2 · Savings and temporary cash investments

    beginning of year $1,599,210 · end of year $612,610

  • 3 · Pledges and grants receivable

    beginning of year $9,506 · end of year $1,050

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

    $7,317,119

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

    $648,500

  • 10c · Land, buildings and equipment, net

    beginning of year $6,129,836 · end of year $6,668,619

  • 15 · Other assets

    beginning of year $533,253 · end of year $503,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,268 · end of year $29,074

  • 23 · Secured mortgages and notes payable

    beginning of year $7,960,000 · end of year $7,960,000

  • 27 · Net assets without donor restrictions

    beginning of year $310,705 · end of year -$183,348

Mission and programs · 2025

Mission

IFF Support Corporation is organized and will be operated at all times exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of IFF, an organization recognized under Section 501(c)(3) and Section 509(a)(1) of the Internal Revenue Code, including, but not limited to: (1) isolating certain real estate activities and liabilities from IFF's overall charitable activities and assets, and (2) separating certain financing and fundraising considerations from IFF's general operations.

Activities or mission (Part I)

Children of all communities deserve safe and inspiring environments to learn and grow. IFF Support Corporation will finance the development of an early childhood center and lease the center to a childcare provider.

  • IFF Support Corporation's activities are to (I) borrow low interest rate funds, (II) acquire real estate in Detroit, Michigan, (III) finance the development of an early childhood center, and (IV) lease the center to a childcare provider.

    Expenses $592,013 · Revenue $91,050

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kirby Burkholder

    President

    Total calculated
    $389,230
    From this org
    $0
    From related orgs
    $359,282
    Other
    $29,948
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,282 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,988 related
    Nontaxable benefits
    $0 + $11,960 related
    Filer's total
    $0 + $389,230 related

  • Casey Rooney

    Treasurer

    Total calculated
    $235,005
    From this org
    $0
    From related orgs
    $206,868
    Other
    $28,137
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,868 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,655 related
    Nontaxable benefits
    $0 + $17,482 related
    Filer's total
    $0 + $235,005 related

  • Charles Biggam III

    Secretary

    Total calculated
    $236,295
    From this org
    $0
    From related orgs
    $201,566
    Other
    $34,729
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,566 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,544 related
    Nontaxable benefits
    $0 + $24,185 related
    Filer's total
    $0 + $236,295 related

  • Antoine Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terra Castro

    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

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
The compensation for the President/CEO is determined by a related entity, IFF. IFF's Executive Committee of the Board of Directors determines the compensation by: - Compensation Committee - Compensation Survey or Study - 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.

  • IFF

    501(c)(3) · Lending · 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202602339349301600

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