Form 990 for tax year 2023
Filed by INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS USA INC.
Totals
- Total revenue
- $7,250,552
- Total expenses
- $7,510,938
- Contributions and grants received
- $7,149,231
- Grants paid
- $6,660,849
- Program service revenue
- $0
- Investment income
- $99,556
- Other revenue
- $1,765
- Total assets, end of year
- $4,760,944
- Total liabilities, end of year
- $400,526
- Net assets or fund balances, end of year
- $4,360,418
- Program services expenses (Part IX)
- $6,755,122
- Management and general expenses
- $516,458
- Fundraising expenses
- $239,358
- Program service expenses (Part III)
- $6,755,122
Program services were 89.9% 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
$7,149,231
-
1g · Noncash contributions included above
$87,923
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $110,524 · excluded $110,524
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $8,825,180
-
7b · Less cost or other basis and sales expenses
securities $8,836,148
-
7c · Gain or loss
securities -$10,968 · other assets $0
-
7d · Net gain or loss
total -$10,968 · excluded -$10,968
-
11d · All other revenue
total $1,765 · related or exempt $0 · unrelated business $0 · excluded $1,765
-
11e · Other revenue, total
$1,765
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,982 · program services $7,982
-
3 · Grants to foreign organizations and individuals
total $6,652,867 · program services $6,652,867
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $120,318 · program services $26,955 · management and general $39,453 · fundraising $53,910
-
6 · Compensation of disqualified persons
total $2,002 · management and general $2,002
-
7 · Other salaries and wages
total $440,677 · program services $50,115 · management and general $319,157 · fundraising $71,405
-
8 · Pension plan contributions
total $41,242 · program services $7,696 · management and general $21,015 · fundraising $12,531
-
9 · Other employee benefits
total $16,750 · program services $2,501 · management and general $9,977 · fundraising $4,272
-
10 · Payroll taxes
total $43,574 · program services $6,100 · management and general $27,539 · fundraising $9,935
-
11c · Fees: accounting
total $19,624 · management and general $19,624
-
11g · Fees: other
total $4,206 · program services $0 · management and general $3,806 · fundraising $400
-
12 · Advertising and promotion
total $31,598 · management and general $4,374 · fundraising $27,224
-
13 · Office expenses
total $29,557 · management and general $27,984 · fundraising $1,573
-
14 · Information technology
total $10,530 · management and general $5,394 · fundraising $5,136
-
16 · Occupancy
total $7,772 · management and general $7,772
-
17 · Travel
total $58,751 · program services $906 · management and general $15,485 · fundraising $42,360
-
19 · Conferences, conventions and meetings
total $14,420 · management and general $3,853 · fundraising $10,567
-
23 · Insurance
total $5,275 · management and general $5,275
-
24a · Other expenses: Memberships
total $3,793 · management and general $3,748 · fundraising $45
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $354,552 · end of year $41,303
-
2 · Savings and temporary cash investments
beginning of year $408,891 · end of year $236,171
-
3 · Pledges and grants receivable
beginning of year $1,903,950 · end of year $1,319,023
-
4 · Accounts receivable
beginning of year $133,060 · end of year $57,045
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,145 · end of year $61
-
10a · Land, buildings and equipment: cost or other basis
$2,592
-
10b · Land, buildings and equipment: accumulated depreciation
$2,592
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,136,692 · end of year $3,089,749
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $24,476 · end of year $17,592
-
17 · Accounts payable and accrued expenses
beginning of year $30,941 · end of year $26,560
-
18 · Grants payable
beginning of year $507,381 · end of year $355,654
-
21 · Escrow or custodial account liability
beginning of year $1,871,818
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $24,864 · end of year $18,312
-
27 · Net assets without donor restrictions
beginning of year $869,397 · end of year $1,137,381
-
28 · Net assets with donor restrictions
beginning of year $3,658,365 · end of year $3,223,037
Mission and programs · 2023
Mission
The vision of International Fellowship of Evangelical Students USA, Inc. (IFES/USA) is to see students built into communities of disciples, transformed by the Gospel, impacting the university, the church, and society for the glory of Christ.
Activities or mission (Part I)
To see students built into communities of disciples, transformed by the gospel.
-
International Fellowship of Evangelical Students/USA, Inc. (IFES/USA) exists to build students into communities of disciples, which are transformed by the Gospel.IFES/USA seeks to impact the university, the church, and society for the glory of Christ, introducing students to the Gospel of Christ, while engaging the broader higher education community in dialogue about the relevance of the Gospel message and the Christian life as a whole. IFES/USA also exists to support, encourage, and facilitate the spread and growth of the Christian faith throughout the world and to support other organizations, projects, and initiatives that are organized and operated for similar purposes. Our support includes granting funds to foreign organizations, projects and institutions with purposes similar to those of the IFES/USA for specific projects in furtherance of IFES/USA's Christian religious tax-exempt purposes. We value working closely with Christian student ministries that have a staff presence in specific regions and countries that are committed to strong governance development, leadership development, and skill building in areas of evangelism, scripture engagement, and development of local funding capacity.We also value working closely with Christian student ministries that are active in pioneering student ministry on new campuses and in new countries.
Expenses $6,755,122 · Grants $6,660,849
As filed on the 2023 return.
Listed in Part VII
-
Dave Berry
Board Chair (Part Year)
- Total calculated
- $0
- Hours/week
- 1
-
Eleanor Ehresman
Board Treasurer (Part Year)
- Total calculated
- $0
- Hours/week
- 1
-
Enisa Balogun
Board Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kent Stephens
Board Vice Chair (Part Year)
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Ferrell
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Rob Knight
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ann Van Dixhorn
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kurt Morrill
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Pauline Fong
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Van Horne
Executive Director
- Total calculated
- $118,578
- From this org
- $107,820
- From related orgs
- $0
- Other
- $10,758
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401349349306125
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