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Nonprofiteer
← IFP ACTION

Form 990 for tax year 2023

Filed by IFP ACTION.

Totals

Total revenue
$1,541,660
Total expenses
$212,136
Contributions and grants received
$1,541,660
Grants paid
$120,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,445,534
Total liabilities, end of year
$15,750
Net assets or fund balances, end of year
$1,429,784
Program services expenses (Part IX)
$197,656
Management and general expenses
$14,480
Fundraising expenses
$0
Program service expenses (Part III)
$197,656

Program services were 93.2% 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

    $1,541,660

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,000 · program services $120,000

  • 11b · Fees: legal

    total $1,041 · management and general $1,041

  • 11c · Fees: accounting

    total $10,317 · management and general $10,317

  • 11g · Fees: other

    total $76,500 · program services $76,500

  • 12 · Advertising and promotion

    total $1,006 · program services $1,006

  • 23 · Insurance

    total $2,837 · management and general $2,837

  • 24a · Other expenses: BANK FEES

    total $285 · management and general $285

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $150 · program services $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,260 · end of year $1,445,534

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $15,750

  • 27 · Net assets without donor restrictions

    beginning of year $100,260 · end of year $1,429,784

Mission and programs · 2023

Mission

TO FURTHER THE SOCIAL WELFARE BY PROMOTING POLICIES TO ACCELERATE SCIENTIFIC, TECHNOLOGICAL, AND ECONOMIC PROGRESS.

  • EDUCATED POLICYMAKERS AND THE PUBLIC ABOUT SCIENCE AND TECHNOLOGY POLICY ISSUES.

    Expenses $197,656 · Grants $120,000

As filed on the 2023 return.

Listed in Part VII

  • Alec Stapp

    CO-CEO

    Total calculated
    $220,026
    From this org
    $0
    From related orgs
    $202,500
    Other
    $17,526
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,125 related
    Nontaxable benefits
    $0 + $7,401 related
    Filer's total
    $0 + $220,026 related

  • Caleb Watney

    CO-CEO

    Total calculated
    $222,654
    From this org
    $0
    From related orgs
    $202,500
    Other
    $20,154
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,125 related
    Nontaxable benefits
    $0 + $10,029 related
    Filer's total
    $0 + $222,654 related

  • Tamara Winter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Zachary Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Correa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349320134

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