Nonprofit · EIN 46-3176588
IF FOUNDATION INC
Tax-exempt · NEW YORK, NY 10020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $270,943 | $326,099 | -$55,156 | $2,894,794 | $0 | $2,894,794 |
| December 31, 2023 | 990 | $242,098 | $277,061 | -$34,963 | $2,656,461 | $0 | $2,656,461 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $196,200
- Program service revenue
- $0
- Investment income
- $74,743
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $310,165
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,153
- Program services (functional)
- $310,165
- Management and general (functional)
- $15,934
Balance sheet and other
- Total assets, start of year
- $2,656,461
- Total assets, end of year
- $2,894,794
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,894,794
- Publicly traded securities
- $1,124,026
- Net assets without donor restrictions
- $2,894,794
- Gross receipts
- $270,943
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2013
- State of legal domicile
- NY
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 |
|---|---|---|---|
| THOMAS IOVINO | FOUNDER AND PRESIDENT Trustee or director, Officer | 1 | $0 |
| KURT SCHWARTZ | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 |
| JARED SOLOMON | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL IOVINO | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN APGAR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS IOVINO | FOUNDER AND PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL IOVINO | BOARD MEMBER Trustee or director | 1 | $0 |
| JARED SOLOMON | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN APGAR | BOARD MEMBER Trustee or director | 1 | $0 |
| KURT SCHWARTZ | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 ROCKEFELLER PLZ STE 2803, NEW YORK, NY 10020-2064
- Mailing address (990-N for 2013)
- 2615 ULMER STREET, COLLEGE POINT NY 11354
- Principal officer (990 for 2024)
- THOMAS IOVINO, 1 ROCKEFELLER PLAZA 2803, NEW YORK, NY 10020
- Principal officer (990-N for 2013)
- THOMAS IOVINO, 2615 ULMER STREET, COLLEGE POINT NY 11354
- Signed the 990
- THOMAS IOVINO, FOUNDER/PRESIDENT
- Phone
- (646) 813-6430
- Website
- WWW.IF-FOUNDATION.ORG
- Return prepared by
- GRASSI & CO CPA'S PC
Mission
THE IF FOUNDATION SEEKS TO IMPROVE AND ENABLE THE HEALTH AND WELL-BEING OF FAMILIES LIVING IN THE FARMING REGIONS OF THE NORTH DEPARTMENT OF HAITI THROUGH THE DEVELOPMENT AND SUPPORT OF SUSTAINABLE SOLUTIONS AIMED AT POVERTY ALLEVIATION, EDUCATION AND ECONOMIC DEVELOPMENT. THE IF FOUNDATION WILL FOCUS ITS RESOURCES ON REDUCING FOOD INSECURITY FOR FAMILIES THROUGH AGRICULTURAL DEVELOPMENT; NOURISHMENT OF CHILDREN AND THE PROMOTION AND EDUCATION OF HEALTHY LIFESTYLES. THE FOUNDATION WILL IMPLEMENT ITS INTERVENTIONS IN PARTNERSHIP WITH THE COMMUNITY AND INVEST IN BUILDING LOCAL CAPACITY AND THE EVALUATION OF ALL ITS ACTIVITIES.
Program accomplishments
- PROMOTE PROGRAMS AND ACTIVITIES THAT FOCUS ON CREATING SUSTAINABLE ECONOMIC OPPORTUNITIES FOR DISADVANTAGED INDIVIDUALS PRIMARILY IN HAITI BY PROVIDING THEM WITH THE TOOLS AND TRAINING THEY NEED TO BECOME SELF-SUFFICIENT.Expenses $310,165 · grants $310,165
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
- 46-3176588
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $2,894,794
- Income (IRS master file)
- $270,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $242,098 | $277,061 | $2,656,461 | IRS |
| 990 | December 2022 | $245,899 | $307,099 | $2,340,059 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: THOMAS IOVINO | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about IF FOUNDATION INC
- What is the EIN of IF FOUNDATION INC?
- The employer identification number (EIN) of IF FOUNDATION INC is 46-3176588.
- Is IF FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to IF FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IF FOUNDATION INC 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 IF FOUNDATION INC 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 IF FOUNDATION INC 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 IF FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names THOMAS IOVINO.
- Who are the officers and directors of IF FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does IF FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $270,943, expenses of $326,099 and total assets of $2,894,794 at year end.
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