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Ifa Foundation

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

EIN: 521358631 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Ifa Foundation?

The Ifa Foundation is a nonprofit organization situated in Washington D.C., specifically at 1900 K Street NW 700. Its primary purpose is to promote franchising and the free enterprise system. It achieves this by increasing the knowledge and professional standards within the franchising community, educating future franchising practitioners, and advocating for the recognition of franchising's crucial role in the economic system. The foundation also conducts and supports research on various aspects of franchising and offers scholarships to students pursuing business studies at colleges and universities. The Ifa Foundation's mission is multifaceted, focusing on improving the franchising sector as a whole.


Official website here: www.franchisefoundation.org

Is Ifa Foundation legitimate?

Ifa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ifa 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: $269,174
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,164

For more financial information, click here


Official website here: www.franchisefoundation.org

What is the mission statement of Ifa Foundation?

The Ifa Foundation's mission is centered around advancing franchising and the free enterprise system. They achieve this by increasing the knowledge and professional standards of all individuals within the franchising community, educating the next generation of franchising practitioners, and boosting recognition of franchising's crucial role in the free enterprise system. Furthermore, the foundation provides comprehensive information and research about significant developments and trends in franchising, and supports and conducts research into various aspects of franchising, offering scholarships to students pursuing business studies.


Official website here: www.franchisefoundation.org

Who is the CEO of Ifa Foundation?

Michael Williams is the Chairman of Ifa Foundation.


Official website here: www.franchisefoundation.org

What is the revenue of Ifa Foundation?

Ifa Foundation's revenue in 2022 was $426,102.


Official website here: www.franchisefoundation.org

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

There 30 volunteers at Ifa Foundation.


Here are 31 key members and their salaries:


Dan Monaghan Cfe (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Valle Cfe (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Hall Cfe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earsa Jackson Cfe (Chair, Diversity Institute)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve White (1St Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Yarusso Cfe (Chair, Vetfran)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mckinnoncfe (Chair, Nextgen In Franchise)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Dull Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tariq Farid Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Friedman (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Feldman Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Kirchner Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Liston Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Logan (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bret Lowell (Legal Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mowery Cfe (Chair, Icfe Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tabbassum Mumtaz (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Siegel (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Omar Simmons (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jj Sorrenti (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Squire Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Scott Sutton Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Pickett Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Vojnovic Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edith Wiseman Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Satterlee Cfe (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamra Kennedy (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rankin Gasaway (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lancaster (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Snow (At Large Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rikki Amos (Executive Director)
  • Compensation: $223,288
  • Related: $0
  • Other: $45,886


Official website here: www.franchisefoundation.org

Where can I find the form 990 for Ifa Foundation?

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


Official website here: www.franchisefoundation.org

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

Mission Statement of Ifa Foundation

The Ifa Foundation, a non-profit organization, is dedicated to advancing franchising and the free enterprise system. To achieve this goal, the foundation focuses on several key areas. Firstly, it aims to boost the knowledge and professional standards within the franchising community by providing education and training. Secondly, the foundation is committed to nurturing the next generation of franchising professionals, ensuring a sustainable and knowledgeable workforce. Lastly, the Ifa Foundation works towards increasing recognition of franchising's crucial role in the free enterprise system. In addition to these objectives, the foundation also conducts and supports research into various aspects of franchising. Furthermore, it provides scholarships to students pursuing business studies at colleges and universities, thereby fostering a deeper understanding of franchising.

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Impact




October, 2024

Ifa Foundation plays a pivotal role in enhancing the knowledge and professional standards within the franchising community. By providing comprehensive education and resources, it equips both current and aspiring practitioners with the tools needed to excel in their fields. The Foundation conducts and supports vital research that keeps stakeholders informed about significant developments and trends affecting franchising, thereby fostering a deeper understanding of its impact on the free enterprise system.

Moreover, through scholarships, It helps nurture the next generation of business leaders, ensuring that motivated students have opportunities to pursue their studies in franchising and business. Its efforts contribute to a greater recognition of franchising's significance in the economy, promoting the values of entrepreneurship and professionalism in the industry. Overall, Ifa Foundation serves as a catalyst for growth, education, and awareness, shaping the future landscape of franchising.




This information is meant to be a general summary of Ifa 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
$426,102 (2022)
Expenses
$1,429,334 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $141,341
  • Gross Receipts: $426,102

Assets and Liabilities:

  • Total Assets: $8,892,420
  • Total Liabilities: $687,742
  • Net Assets: $8,204,678

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Organization Details

Founding Year

1983

Principal Officer

Michael Williams

Main Address

1900 K STREET NW 700, WASHINGTON, DC, 20006

NTEE Category

Code: B82Z - Education

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