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Ibu Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274660946 ✦ Charleston, SC ✦ Designated as a 501(c)(3)

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Overview

What is Ibu Foundation?

Ibu Foundation is a small, charitable organization based in Charleston, South Carolina. Their mission is to uplift female artisans, primarily from Kenya, by offering them essential tools and educational resources. These resources enable these artisans, who are part of the BeadWORKS cooperative, to maintain their traditional pastoral lifestyle while continuing their craft of creating beautiful beaded products. The Ibu Foundation's initiatives aim to empower these women, helping them transition from poverty to successful artisan enterprises. As of the provided information, Ibu Foundation employs a team of one dedicated individual.


Official website here: www.weareibu.org

Is Ibu Foundation legitimate?

Ibu Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibu Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,717

For more financial information, click here


Official website here: www.weareibu.org

What is the mission statement of Ibu Foundation?

The Ibu Foundation, in its mission, aims to empower female artisans by providing them with essential tools and training. This enables these artisans to improve their craftsmanship and transition from poverty to successful artisan enterprises. By offering these resources, the foundation enables these women to maintain their traditional lifestyles while continuing their craft, ultimately leading to economic self-sufficiency. As an example, the Ibu Foundation funded supply kits for 1,000 women artisans in Kenya, providing them with necessary tools such as pliers, wire cutters, needles, and thread, to support their beadwork.


Official website here: www.weareibu.org

Who is the CEO of Ibu Foundation?

Stephanie Hunt is the President of Ibu Foundation.


Official website here: www.weareibu.org

What is the revenue of Ibu Foundation?

Ibu Foundation's revenue in 2022 was $341,480.


Official website here: www.weareibu.org

Who are the executives of Ibu Foundation and what are their salaries?

The average compensation at Ibu Foundation during 2022 was $67,717. There is 1 employee at Ibu Foundation.


Here are 7 key members and their salaries:


Hannah Blatt (Director)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
Stephanie Hunt (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Austin Walker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Smith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Walker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Seeger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shavone Mack (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.weareibu.org

Where can I find the form 990 for Ibu Foundation?

Ibu Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.weareibu.org

Learn more at the official website: www.weareibu.org

Mission Statement of Ibu Foundation

The Ibu Foundation is an organization dedicated to uplifting female artisans by equipping them with the necessary tools and knowledge to enhance their craftsmanship and attain economic self-sufficiency. This nonprofit's mission is to empower these women, enabling them to rise above poverty and transform their lives through successful artisan enterprises. To achieve this, Ibu Foundation provides vital resources such as supply kits, which include essential tools like pliers, wire cutters, needles, and thread. These tools allow the artisans, such as those from the BeadWORKS cooperative in Kenya, to continue pursuing their craft while maintaining their pastoral lifestyle. The Ibu Foundation's mission is a testament to its commitment to empowering women, fostering creativity, and promoting economic growth through artisan enterprise.

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Impact




October, 2024

IBU Foundation has made a significant impact by equipping female artisans with essential tools and training, helping them to elevate their craft and achieve economic independence. By providing funding for 1,000 supply kits to women artisans in Kenya from the BeadWORKS cooperative, the organization has empowered these artisans to maintain their pastoral lifestyles while enhancing their artistic skills. Each kit included vital equipment such as pliers, wire cutters, needles, and thread, enabling the artisans to create exquisite beaded products. This initiative not only fosters individual growth but also strengthens the local economy, contributing to sustainable livelihoods for these women and their communities.




This information is meant to be a general summary of Ibu Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$341,480 (2022)
Expenses
$274,673 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17
  • Gross Receipts: $341,480

Assets and Liabilities:

  • Total Assets: $168,039
  • Total Liabilities: $4,165
  • Net Assets: $163,874

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Organization Details

Founding Year

2015

Principal Officer

Stephanie Hunt

Main Address

183B King Street, Charleston, SC, 29401

NTEE Category

Code: Q12 - International

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