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Nonprofit · EIN 76-0313751

IFMA FOUNDATION

Tax-exempt · HOUSTON, TX 77024

Financials

$589K$486K2024
Revenue Expenses · by fiscal year end
Financials of IFMA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$588,865$486,480$102,385$1,471,863$0$1,471,863
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$551,853
of which government grants
$99,481
Program service revenue
$25
Investment income
$36,474
Net gain from sales of assets
$6,263
Net income from fundraising events
$513
Other revenue
$513

Expenses

Grants and similar amounts paid
$165,826
Compensation of officers, directors and key employees
$78,587
Other salaries and wages
$60,215
Salaries, compensation and benefits (total)
$138,802
Professional fundraising fees
$0
Accounting fees
$32,442
Travel
$9,924
Program services (functional)
$387,422
Management and general (functional)
$67,021
Fundraising (functional)
$32,037

Balance sheet and other

Total assets, start of year
$1,342,278
Total assets, end of year
$1,471,863
Total liabilities, end of year
$0
Net assets, end of year
$1,471,863
Publicly traded securities
$1,014,597
Net assets without donor restrictions
$238,588
Net assets with donor restrictions
$1,233,275
Gross receipts
$900,256
Employees
2
Volunteers
11
Year formed
1991
State of legal domicile
TX

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RACHEL BIUNDOEXECUTIVE DIRECTOR
Officer
55$92,098$6,726
MICHAEL GEARYIFMA PRESIDENT
Trustee or director, Officer
5$0$0
REGINA FORD CAHILLFOUNDATION CHAIR
Trustee or director, Officer
5$0$0
ANGELA R JOHNSON CULVER PEFOUNDATION FIRST VICE CHAIR
Trustee or director, Officer
2$0$0
DENNIS E DENNY MULGREWSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
IRENE THOMAS-JOHNSON CFFOUNDATION PAST CHAIR
Trustee or director
1$0$0
LUIS VINAIFMA SECOND VICE CHAIR
Trustee or director
1$0$0
JENNIFER CORBETT SHRAMOBOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0
RAFFY ESPRITUBOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0
MADHAV KARANDIKARBOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0
DAVID HOGLANDBOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0
LUIS MOREJONBOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0
ANNETTE VEGABOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0
SOUROJIT DHARBOARD OF TRUSTEE MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
800 GESSNER RD STE 725, HOUSTON, TX 77024-9843
Principal officer (990 for 2024)
RACHEL BIUNDO, 800 GESSNER ROAD 725, HOUSTON, TX 77024
Signed the 990
RACHEL BIUNDO, EXECUTIVE DIRECTOR
Phone
(713) 623-4362
Return prepared by
CROWE LLP

Mission

THE IFMA FOUNDATION WORKS FOR THE PUBLIC GOOD IN SUPPORT OF FACILITY MANAGEMENT HIGHER EDUCATION, STUDENTS STUDYING FACILITY MANAGEMENT AND RELATED FIELDS, RESEARCH CRITICAL TO THE PROFESSION, AND INCREASING AWARENESS OF FACILITY MANAGEMENT AND MAKING FM A CAREER OF CHOICE.

990 for the year ended June 30, 2025

Program accomplishments

  • IFMA FOUNDATION'S GLOBAL WORKFORCE INITIATIVE (GWI) PROVIDES THE FRAMEWORK TO UNITE PUBLIC ENTITIES, NONPROFIT ORGANIZATIONS, ACADEMIC INSTITUTIONS AND LOCAL IFMA CHAPTERS IN TACKLING REGIONAL WORKFORCE NEEDS. THE FOUNDATION FACILITATES ENGAGEMENT OPPORTUNITIES BETWEEN INDUSTRY, ACADEMIA AND FACILITY MANAGEMENT STUDENTS THAT PROVIDE MECHANISMS FOR ENSURING THE EVOLVING NEEDS OF EMPLOYERS ARE TRANSLATED TO ACADEMIC PROGRAMS AND THAT STUDENTS CAN SEE A CLEAR PATHWAY FROM ACADEMICS TO CAREER WITH ACCESS TO INTERNSHIPS AND MENTORSHIP.
    Expenses $122,599 · revenue $25
  • ACCREDITATION AND DEVELOPMENT OF FACILITY MANAGEMENT DEGREES IS A KEY COMPONENT OF THE IFMA FOUNDATION'S SUPPORT OF THE FM PROFESSION. WORKING WITH LOCAL CHAPTERS AND INDUSTRY, IFMA FOUNDATION SUPPORTS THE DEVELOPMENT OF NEW FM PROGRAMS AT TWO- AND FOUR-YEAR COLLEGES AND UNIVERSITIES. THE FOUNDATION ALSO SUPPORTS THE ACCREDITATION OF FM PROGRAMS THROUGH ABET ENSURING THAT FM CURRICULUM AT ACCREDITED INSTITUTIONS INCLUDES INSTRUCTION ON ALL 11 CORE COMPETENCIES OF THE FM PROFESSION ESTABLISHED BY IFMA SO THAT STUDENT OUTCOMES ARE APPROPRIATE TO THE LEVEL OF DEGREE EARNED.
    Expenses $81,484
  • IFMA FOUNDATION GRANTED SCHOLARSHIPS TO 32 STUDENTS STUDYING TO ENTER THE FM PROFESSION IN 2024-25. IN ADDITION TO A MONETARY AWARD TO HELP OFFSET THE COSTS OF EARNING THEIR FM-RELATED DEGREE, SCHOLARSHIP RECIPIENTS WERE ALSO AWARDED TRAVEL AND RELATED EXPENSES TO PARTICIPATE IN THE FOUNDATION'S STUDENT EXPERIENCE AT IFMA'S WORLD WORKPLACE ANNUAL CONFERENCE AND EXPOSITION. THE WORLD WORKPLACE STUDENT EXPERIENCE PROVIDES STUDENTS WITH OPPORTUNITIES TO LEARN ABOUT BEST PRACTICES IN THE PROFESSION AND THE NEWEST TECHNOLOGIES, AND ALSO OFFERS A PROFESSIONAL FORUM IN WHICH THEY CAN BUILD THEIR FM NETWORK.
    Expenses $183,339 · grants $165,826

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
76-0313751
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
1992
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,471,863
Income (IRS master file)
$900,256

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024$508,369$704,484$1,342,278IRS
990June 2023$969,040$826,842$1,274,925IRS
990June 2022$1,033,142$694,999$1,098,848IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

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 IFMA FOUNDATION

What is the EIN of IFMA FOUNDATION?
The employer identification number (EIN) of IFMA FOUNDATION is 76-0313751.
Is IFMA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to IFMA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IFMA 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 IFMA FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IFMA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of IFMA FOUNDATION?
The 990 for the year ended June 30, 2025 names RACHEL BIUNDO.
Who are the officers and directors of IFMA FOUNDATION?
The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $92,098 (RACHEL BIUNDO, EXECUTIVE DIRECTOR).
How much revenue does IFMA FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $588,865, expenses of $486,480 and total assets of $1,471,863 at year end.

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