2025-06-16T12:07:56-05:00 2024-10-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-11-01 521358631 IFA FOUNDATION INTE 2026288000 1900 K STREET NW 700 WASHINGTON DC 20006 AMY BROWN CHIEF FINANCIAL OFFICER 2026288000 2025-06-13 1 1 KELLI PECK P01423033 3217516200 2025-06-13 2023 2025-03-06 01:10:19Z AMY BROWN 1900 K STREET NW 700 WASHINGTON DC 20006 8902665 0 X HTTPS://WWW.FRANCHISE.ORG/FOUNDATION/ X 1983 DC 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. 20 19 0 23 0 0 715149 1797357 0 0 202839 766864 0 2548 917988 2566769 21000 0 0 0 331729 333053 0 0 0 800003 941271 1152732 1274324 -234744 1292445 8685284 10497533 691116 324866 7994168 10172667 X 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. 0 0 1274324 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. 1274324 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 0 0 0 0 0 X AMY BROWN CFO 2026288000 1900 K STREET NW 700 WASHINGTON DC 20006 MATTHEW HALLER PRESIDENT & CEO, IFA 5.00 35.00 X X 0 773717 110139 STEVE WHITE CHAIR 0.30 0.30 X X 0 0 0 DAN MONAGHAN CFE IMMEDIATE PAST CHAIR 0.30 0.30 X X 0 0 0 RONALD FELDMAN CFE VICE CHAIR 0.30 0.30 X X 0 0 0 CATHERINE MONSON SECOND VICE CHAIR 0.30 X X 0 0 0 RICHARD SNOW CHAIR - DIVERSITY INSTITUTE BOARD 0.30 0.30 X 0 0 0 SEAN FALK CHAIR - VETFRAN COMMITTEE 0.30 0.30 X 0 0 0 TAMRA KENNEDY AT LARGE TRUSTEE 0.30 0.30 X 0 0 0 JO KIRCHNER CFE AT LARGE TRUSTEE 0.30 X 0 0 0 JOHN LANCASTER AT LARGE TRUSTEE 0.30 X 0 0 0 GORDON LOGAN AT LARGE TRUSTEE 0.30 X 0 0 0 JAMES MOWERY CFE AT LARGE TRUSTEE 0.30 X 0 0 0 PAUL PICKETT CFE AT LARGE TRUSTEE 0.30 X 0 0 0 KAREN SATTERLEE CFE AT LARGE TRUSTEE 0.30 0.30 X 0 0 0 R SCOTT SUTTON CFE AT LARGE TRUSTEE 0.30 X 0 0 0 OMAR SIMMONS AT LARGE TRUSTEE 0.30 0.30 X 0 0 0 JJ SORRENTI AT LARGE TRUSTEE 0.30 X 0 0 0 JIM SQUIRE CFE AT LARGE TRUSTEE 0.30 X 0 0 0 STEVEN TURNER AT LARGE TRUSTEE 0.30 X 0 0 0 EDITH WISEMAN CFE AT LARGE TRUSTEE 0.30 X 0 0 0 DOC COHEN HONORARY TRUSTEE - NON-VOTING 0.30 X 0 0 0 RUSSELL FRITH HONORARY TRUSTEE - NON-VOTING 0.30 X 0 0 0 ANN ROSENBURG HONORARY TRUSTEE - NON-VOTING 0.30 X 0 0 0 WILLIAM HALL CFE TREASURER 0.30 0.30 X 0 0 0 RIKKI AMOS FORMER EXECUTIVE DIRECTOR 40.00 X 99778 0 7306 99778 773717 117445 0 1 0 0 0 1797357 329 1797357 235845 235845 6866915 6335896 531019 531019 531019 MISCELLANEOUS INCOME 900099 2548 2548 2548 2566769 0 0 769412 X 107084 107084 174522 174522 5905 5905 22371 22371 23171 23171 6229 6229 392731 392731 75119 75119 8144 8144 11184 11184 49201 49201 214534 214534 TRAINING & RECRUITMENT 79718 79718 BAD DEBTS 42989 42989 DUES & SUBSCRIPTIONS 38881 38881 MISCELLANEOUS 20598 20598 1943 1943 1274324 1274324 0 0 178397 286356 1054238 2135526 7500 8930 5389396 5771635 2295086 2055753 0 8685284 10497533 33247 47734 657869 277132 691116 324866 X 6191067 7106840 1803101 3065827 7994168 10172667 8685284 10497533 1292445 886054 0 X X 0 1 X 1 0 X 336438 348057 284761 715149 1797357 3481762 336438 348057 284761 715149 1797357 3481762 517202 2964560 199976 100854 141341 202839 235845 880855 2548 2548 4365165 0.67910 0.53730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ISHARES CORE S&P 500 ETF 584950 F ISHARES RUSSELL MIDCAP 858232 F SPDR BLOOMBERG 851904 F 2295086 DUE TO IFA 277132 277132 3421478 886054 886054 2535424 31345 31345 2566769 1242979 0 1242979 31345 31345 1274324 1 0 0 0 0 0 0 0 0 MATTHEW HALLER PRESIDENT & CEO, IFA 0 593717 0 135000 0 45000 0 95500 0 14639 0 883856 0 0 RIKKI AMOS FORMER EXECUTIVE DIRECTOR 62341 0 0 0 37437 0 1794 0 5512 0 107084 0 0 0 PART I, LINE 3 COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR IS ESTABLISHED BY A RELATED ORGANIZATION, THE INTERNATIONAL FRANCHISE ASSOCIATION (IFA). THE EXECUTIVE DIRECTOR'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, LINE 4A RIKKI AMOS RECEIVED A SEVERANCE PAYMENT OF $37,437. FORM 990, PART VI, SECTION A, LINE 1A THE FOUNDATION'S EXECUTIVE COMMITTEE EXERCISES AUTHORITY OF THE BOARD OF TRUSTEES DURING THE PERIODS BETWEEN BOARD MEETINGS, WITH THE EXCEPTION OF ANY POWERS SPECIFICALLY RESERVED FOR THE BOARD BY OPERATION OF DISTRICT OF COLUMBIA LAW, OR BY RESOLUTION OF THE BOARD. THE FOUNDATION'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIRMAN, IMMEDIATE PAST CHAIRMAN, FIRST VICE CHAIRMAN, SECOND VICE CHAIRMAN, SECRETARY-TREASURER, AND AT LARGE-MEMBERS. THE AT-LARGE MEMBERS ARE CHAIRMAN OF THE ICFE BOARD OF GOVERNORS, CHAIRMAN OF THE DIVERSITY INSTITUTE BOARD, CHAIRMAN OF THE NEXTGEN IN FRANCHISING COMMITTEE, AND CHAIRMAN OF THE VETFRAN COMMITTEE. EX OFFICIO MEMBERS ARE THE FOUNDATION PRESIDENT, THE IFA CEO, AND THE FOUNDATION GENERAL COUNSEL. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS REGULAR MEMBERS; REGULAR MEMBERS SHALL BE THE CONTRIBUTORS TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION, PER ITS BYLAWS, HAS 28 TRUSTEES. EIGHT MEMBERS OF THE BOARD OF DIRECTORS OF THE INTERNATIONAL FRANCHISE ASSOCIATION SERVE ON THE FOUNDATION BOARD OF TRUSTEES. THE INTERNATIONAL FRANCHISE ASSOCIATION IS A RELATED ENTITY. TRUSTEES ARE NOMINATED FOR POSITIONS ON THE FOUNDATION'S BOARD OF TRUSTEES BY THE FOUNDATION'S EXECUTIVE COMMITTEE. THE FOUNDATION'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIRMAN, IMMEDIATE PAST CHAIRMAN, FIRST VICE CHAIRMAN, SECOND VICE CHAIRMAN, SECRETARY-TREASURER, AND AT LARGE-MEMBERS. THE AT-LARGE MEMBERS ARE CHAIRMAN OF THE ICFE BOARD OF GOVERNORS, CHAIRMAN OF THE DIVERSITY INSTITUTE BOARD, CHAIRMAN OF THE NEXTGEN IN FRANCHISING COMMITTEE, AND CHAIRMAN OF THE VETFRAN COMMITTEE. EX OFFICIO MEMBERS ARE THE FOUNDATION PRESIDENT, THE IFA CEO, AND THE FOUNDATION GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF FOUNDATION EMPLOYEES ARE PAID BY THE INTERNATIONAL FRANCHISE ASSOCIATION (IFA), A RELATED EXEMPT 501(C)(6) ORGANIZATION. THE SALARY OF THE FOUNDATION'S PRESIDENT/COO IS REVIEWED BY IFA'S PRESIDENT/CEO ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 363,600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 363,600. INVESTMENT FEES : PROGRAM SERVICE EXPENSES 31,345. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,345. ACCOUNTING EXPENSE REPAYMENT: PROGRAM SERVICE EXPENSES -2,214. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -2,214. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. INTERNATIONAL FRANCHISE ASSOCIATION 1900 K STREET NW 700 WASHINGTON DC 20006 366108621 PROTECTS, ENHANCES, AND PROMOTES FRANCHISING IL 501(C)(6) 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 INTERNATIONAL FRANCHISE ASSOCIATION E 380736 BASED ON AMOUNTS INCURRED