Nonprofit · EIN 27-4660946
IBU FOUNDATION
Tax-exempt (reinstated) · CHARLESTON, SC 29401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $913,333 | $1,012,696 | -$99,363 | $187,116 | $44,072 | $143,044 |
| December 31, 2023 | 990 | $611,637 | $666,876 | -$55,239 | $285,957 | $73,550 | $212,407 |
| May 31, 2023 | 990 | $1,024,184 | $774,754 | $249,430 | $413,980 | $615,682 | -$201,702 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $764,541
- Program service revenue
- $185,782
- Investment income
- $5,190
- Net income from fundraising events
- -$18,188
- Net income from sales of inventory
- -$27,832
- Other revenue
- -$42,180
Expenses
- Grants and similar amounts paid
- $302,532
- Compensation of officers, directors and key employees
- $87,600
- Other salaries and wages
- $155,407
- Salaries, compensation and benefits (total)
- $353,801
- Professional fundraising fees
- $0
- Legal fees
- $6,106
- Accounting fees
- $8,556
- Occupancy
- $86,136
- Travel
- $99,158
- Program services (functional)
- $651,329
- Management and general (functional)
- $115,875
- Fundraising (functional)
- $245,492
Balance sheet and other
- Total assets, start of year
- $285,957
- Total assets, end of year
- $187,116
- Total liabilities, end of year
- $44,072
- Net assets, end of year
- $143,044
- Gross receipts
- $1,405,009
- Employees
- 17
- Volunteers
- 44
- Year formed
- 2015
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Beth Lin | Chief Executive Ofiicer Officer | 40 | $120,000 |
| Austin Randolph Walker | President Trustee or director, Officer | 5 | $0 |
| Jacquelyn Mayfield | Secretary Trustee or director, Officer | 5 | $0 |
| Monica Seeger | Treasurer Trustee or director, Officer | 1 | $0 |
| Sandra Smith | Treasurer Trustee or director, Officer | 1 | $0 |
| Susan Hull Walker | President Trustee or director, Officer | 5 | $0 |
| Amanda Flynn | Board Member Trustee or director | 1 | $0 |
| Christy Durbin | Board Member Trustee or director | 1 | $0 |
| Dayanne Danier | Board Member Trustee or director | 1 | $0 |
| Sabet Yasmin | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN WALKER | BOARD MEMBER Trustee or director | 2 | $81,026 |
| AUSTIN WALKER | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| MONICA SEEGER | TREASURER Trustee or director, Officer | 1 | $0 |
| SANDRA SMITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| AMANDA FLYNN | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHANIE HUNT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN WALKER | BOARD MEMBER Trustee or director | 2 | $75,000 |
| AUSTIN WALKER | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| SANDRA SMITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| MONICA SEEGER | TREASURER Trustee or director, Officer | 1 | $0 |
| AMANDA FLYNN | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHANIE HUNT | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 183 B KING ST, CHARLESTON, SC 29401-2223
- In care of
- % CRONIN HANLEY & VANZILE LLC
- Mailing address (990-N for 2017)
- 17 Kiel Ave Ste 1, KINNELON NJ 07405
- Principal officer (990 for 2024)
- Susan Walker, 183B KING STREET, CHARLESTON, SC 29401
- Principal officer (990-N for 2017)
- Willa Shalit, 17 Kiel Ave Ste 1, KINNELON NJ 07405
- Signed the 990
- Susan Walker, President
- Phone
- (843) 327-8304
- Website
- WWW.IBUMOVEMENT.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
Our mission is to expand markets for global women artisans, and help build their capacity for success with structural enhancements such as workspace and training.
Program accomplishments
- Travel and Cultural Exchange with Artisans: Ibu took 22 supporters to Uzbekistan in October 2024 to meet our artisan partners, become educated in their techniques, and learn about their challenges in producing and marketing goods for their livelihood. Over eleven days, the group visited artisan partners to learn ikat dyeing and weaving, pottery, and embroidery in Tashkent, Margilan, Samarkand, and Bukhara. 12 travelers continued on to visit camel hair weavers in Turkmenistan. In May, Ibu led twelve supporters to Morocco to meet our artisan partners there, in Sefrou, Marrakech and Ourika. A full program educated travelers in the history and practice of soutache embroidery, as well as weaving and dyeing, and the impact of these artisanal crafts in employing women who have not had access to education.Expenses $348,797 · revenue $161,790
- Capacity Building Grants: Over $302,531 was sent to artisan groups in Afghanistan, Kenya, Pakistan, Mexico, and Morocco for a training program, improved workspace, new retail space, and marketing. By working closely with these partners, we saw improvement in their capacity to offer their goods to wider markets and increase sustainable incomeExpenses $302,531 · grants $302,531
- Educational Events: In March, Ibu hosted "A Night in the Medina" event in Charleston, SC, bringing artisan leaders from Morocco to speak and 250 guests to learn about their work. It was also a fundraising event, netting $155,000 for our work, and a marketing tool to get the word out to our community about our mission. Ibu also was invited to speak and offer goods in Atlanta, GA, and Santa Fe, NM, and to speak to local events about our work. In March, the cover story of Charleston Magazine featured our work and included a ten page article about it's impact.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4660946
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q12)
- Assets (IRS master file)
- $187,116
- Income (IRS master file)
- $1,405,009
Revocation and reinstatement
- Exemption revoked
- October 15, 2013
- Posted by the IRS
- April 14, 2014
- Reinstated
- Effective October 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $913,333 | $1,012,696 | $187,116 | XML |
| 990 | December 2023 | $611,637 | $666,876 | $285,957 | IRS |
| 990 | May 2023 | $1,024,184 | $774,754 | $413,980 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: Willa Shalit | May 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4660946).
Questions about IBU FOUNDATION
- What is the EIN of IBU FOUNDATION?
- The employer identification number (EIN) of IBU FOUNDATION is 27-4660946.
- Is IBU FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on October 15, 2013 and reinstated it effective October 15, 2013.
- Are donations to IBU FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IBU FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IBU FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IBU FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IBU FOUNDATION?
- The 990 for the year ended December 31, 2024 names Susan Walker.
- Who are the officers and directors of IBU FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $120,000 (Beth Lin, Chief Executive Ofiicer).
- How much revenue does IBU FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $913,333, expenses of $1,012,696 and total assets of $187,116 at year end.
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All nonprofits in CHARLESTON · South Carolina · International, foreign affairs and national security