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If Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: International, Foreign Affairs and National Security / International Development, Relief Services (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$242k (2023)

Expenses
$277k (2023)

Total Assets
$2.66M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$242,098
Expenses
$277,061
Net Income
-$34,963
Net Assets
$2,656,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $189,811
78.4%
Program Services $0
Investment Income $60,802
25.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,515
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,656,461
Total Liabilities $0
Net Assets $2,656,461
Compensation
Key Employees and Officers Compensation Related Other
Thomas Iovino (Founder And President) $0 $0 $0
Michael Iovino (Board Member) $0 $0 $0
Jared Solomon (Board Member) $0 $0 $0
Sean Apgar (Board Member) $0 $0 $0
Kurt Schwartz (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$245,899
Expenses
$307,099
Net Income
-$61,200
Net Assets
$2,340,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $172,505
70.2%
Program Services $0
Investment Income $74,188
30.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$794
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,340,059
Total Liabilities $0
Net Assets $2,340,059
Compensation
Key Employees and Officers Compensation Related Other
Thomas Iovino (Founder And President) $0 $0 $0
Michael Iovino (Board Member) $0 $0 $0
Jared Solomon (Board Member) $0 $0 $0
Sean Apgar (Board Member) $0 $0 $0
Kurt Schwartz (Board Member (Started 8/22)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$249,989
Expenses
$280,157
Net Income
-$30,168
Net Assets
$2,934,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $73,505
29.4%
Program Services $0
Investment Income $43,893
17.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $132,591
53.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,934,752
Total Liabilities $0
Net Assets $2,934,752
Compensation
Key Employees and Officers Compensation Related Other
Thomas Iovino (Founder And President) $0 $0 $0
Robert Squillante (Treasurer And Secretary) $0 $0 $0
Michael Iovino (Board Member) $0 $0 $0
Jared Solomon (Board Member) $0 $0 $0
Sean Apgar (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$246,524
Expenses
$289,927
Net Income
-$43,403
Net Assets
$2,796,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $136,505
55.4%
Program Services $0
Investment Income $35,056
14.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $74,963
30.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,796,752
Total Liabilities $0
Net Assets $2,796,752
Compensation
Key Employees and Officers Compensation Related Other
Tom Iovino (Founder And President) $0 $0 $0
Frank Cara (Treasurer And Secretary) $0 $0 $0
Dale Okonow (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$351,730
Expenses
$2,154,776
Net Income
-$1,803,046
Net Assets
$2,577,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $159,695
45.4%
Program Services $0
Investment Income $51,329
14.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $140,706
40.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,577,203
Total Liabilities $0
Net Assets $2,577,203
Compensation
Key Employees and Officers Compensation Related Other
Tom Iovino (Founder And President) $0 $0 $0
Frank Cara (Treasurer And Secretary) $0 $0 $0
Dale Okonow (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$981,993
Expenses
$1,074,056
Net Income
-$92,063
Net Assets
$3,985,913
Notable Sources of Revenue Percent of Total Revenue
Contributions $109,741
11.2%
Program Services $0
Investment Income $36,796
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $835,456
85.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,403
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $113,733
10.6%
Assets/Debt
Total Assets $3,985,913
Total Liabilities $0
Net Assets $3,985,913
Compensation
Key Employees and Officers Compensation Related Other
Eileen Spencer (Chief Of Staff Philanthropy) $113,733 $0 $0
David Doherty (Director) $107,403 $0 $0
Tom Iovino (Founder And President) $0 $0 $0
Frank Cara (Treasurer And Secretary) $0 $0 $0
Dale Okonow (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,344,258
Expenses
$960,938
Net Income
$383,320
Net Assets
$5,113,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,224,790
91.1%
Program Services $0
Investment Income $24,569
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $93,729
7.0%
Net Inventory Sales $0
Other Revenue $1,170
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $165,619
17.2%
Professional Fundraising Fees $0
Other Salaries and Wages $138,689
14.4%
Assets/Debt
Total Assets $5,113,915
Total Liabilities $0
Net Assets $5,113,915
Compensation
Key Employees and Officers Compensation Related Other
David Doherty (Director) $165,619 $0 $0
Eileen Spencer (Chief Of Staff Philanthrop) $138,668 $0 $0
Tom Iovino (Founder And President) $0 $0 $0
Frank Cara (Treasurer And Secretary) $0 $0 $0
Dale Okonow (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,286,058
Expenses
$1,320,639
Net Income
$1,965,419
Net Assets
$4,404,174
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,246,846
98.8%
Program Services $0
Investment Income $32,313
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,899
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $185,750
14.1%
Professional Fundraising Fees $0
Other Salaries and Wages $138,722
10.5%
Assets/Debt
Total Assets $4,405,890
Total Liabilities $1,716
Net Assets $4,404,174
Compensation
Key Employees and Officers Compensation Related Other
David Doherty (Vice Chair) $185,750 $0 $0
Eileen Spencer (Chief Of Staff Philanthrop) $138,721 $0 $0
Tom Iovino (Founder And President) $0 $0 $0
Frank Cara (Treasurer And Secretary) $0 $0 $0
Dale Okonow (Director) $0 $0 $0
Tom Carroll (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,209,618
Expenses
$1,440,498
Net Income
-$230,880
Net Assets
$1,995,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,225,942
> 100%
Program Services $0
Investment Income $23,351
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$39,675
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $172,335
12.0%
Professional Fundraising Fees $0
Other Salaries and Wages $130,120
9.0%
Assets/Debt
Total Assets $2,001,126
Total Liabilities $5,895
Net Assets $1,995,231
Compensation
Key Employees and Officers Compensation Related Other
David Doherty (Vice Chair) $163,446 $0 $8,889
Eileen Spencer (Chief Of Staff Philanthropy) $130,120 $0 $8,889
Tom Iovino (Founder And President) $0 $0 $0
Frank Cara (Treasurer And Secretary) $0 $0 $0
Dale Okonow (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,104,953
Expenses
$907,226
Net Income
$2,197,727
Net Assets
$2,217,195
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,111,206
> 100%
Program Services $0
Investment Income $751
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,004
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $158,978
17.5%
Assets/Debt
Total Assets $2,217,195
Total Liabilities $0
Net Assets $2,217,195
Compensation
Key Employees and Officers Compensation Related Other
David Doherty (Managing Director) $80,478 $0 $0
Tom Iovino (Founder And President) $0 $0 $0
Dale Okonow (Member) $0 $0 $0
Frank Cara (Member) $0 $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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