2024-06-17T07:50:01-05:00 2023-10-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2022-11-01 521358631 IFA FOUNDATION INTE 2026288000 1900 K STREET NW 700 WASHINGTON DC 20006 MICHAEL WILLIAMS CHIEF FINANCIAL OFFICER 2026288000 2024-06-10 1 MICHAEL WILLIAMS 999009999 0 KELLI PECK P01423033 3217516200 2024-06-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL WILLIAMS 1900 K STREET NW 700 WASHINGTON DC 20006 917988 0 X WWW.FRANCHISEFOUNDATION.ORG X 1983 DC ADVANCING FRANCHISING AND THE FREE ENTERPRISE SYSTEM BY:--INCREASING THE KNOWLEDGE AND PROFESSIONAL STANDARDS OF ALL MEMBERS OF THE FRANCHISING COMMUNITY,--EDUCATING THE NEXT GENERATION OF FRANCHISING PRACTITIONERS,--INCREASING RECOGNITION OF FRANCHISING'S KEY ROLE IN THE FREE ENTERPRISE SYSTEM, AND--PROVIDING COMPREHENSIVE INFORMATION AND RESEARCH ABOUT IMPORTANT DEVELOPMENTS AND TRENDS IN FRANCHISING. 22 22 0 24 0 0 284761 715149 0 0 141341 202839 0 0 426102 917988 16225 21000 0 0 364338 331729 0 0 0 1048771 800003 1429334 1152732 -1003232 -234744 8892420 8685284 687742 691116 8204678 7994168 X ADVANCING FRANCHISING AND THE FREE ENTERPRISE SYSTEM BY:--INCREASING THE KNOWLEDGE AND PROFESSIONAL STANDARDS OF ALL MEMBERS OF THE FRANCHISING COMMUNITY;--EDUCATING THE NEXT GENERATION OF FRANCHISING PRACTITIONERS; ANDINCREASING RECOGNITION OF FRANCHISING'S KEY ROLE IN THE FREE ENTERPRISE SYSTEM. 0 0 1152732 21000 0 THE FOUNDATION IS ORGANIZED AND OPERATED TO USE FUNDS DONATED BY IFA MEMBERS AND OTHERS, AND OTHER FUNDRAISING ACTIVITIES, TO FULFILL EDUCATIONAL OBJECTIVES, TO PROMOTE PROFESSIONAL DEVELOPMENT, AND TO EXPAND THE KNOWLEDGE AND AWARENESS OF FRANCHISING. THE FOUNDATION ALSO CONDUCTS AND SUPPORTS RESEARCH INTO ALL ASPECTS OF FRANCHISING, AND PROVIDES SCHOLARSHIPS TO STUDENTS ENGAGED IN BUSINESS STUDIES AT COLLEGES AND UNIVERSITIES. 1152732 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 0 1 1 0 0 0 1 0 0 0 0 0 0 0 X MICHAEL WILLIAMS CHIEF FINANCIAL OFFICER 2026288000 1900 K STREET NW 700 WASHINGTON DC 20006 DAN MONAGHAN CFE CHAIRMAN 0.30 0.30 X X 0 0 0 TONY VALLE CFE IMMEDIATE PAST CHAIR 0.30 X X 0 0 0 EARSA JACKSON CFE CHAIR, DIVERSITY INSTITUTE 0.30 0.30 X 0 0 0 STEVE WHITE 1ST VICE CHAIR 0.30 0.30 X 0 0 0 RALPH YARUSSO CFE CHAIR, VETFRAN 0.60 X 0 0 0 STAN FRIEDMAN AT LARGE TRUSTEE 0.30 X 0 0 0 RONALD FELDMAN CFE AT LARGE TRUSTEE 0.30 0.30 X 0 0 0 JO KIRCHNER CFE AT LARGE TRUSTEE 0.30 X 0 0 0 GORDON LOGAN AT LARGE TRUSTEE 0.30 X 0 0 0 BRET LOWELL LEGAL COUNCIL 0.30 X 0 0 0 JAMES MOWERY CFE AT LARGE TRUSTEE 0.30 X 0 0 0 OMAR SIMMONS AT LARGE TRUSTEE 0.30 0.30 X 0 0 0 JJ SORRENTI AT LARGE TRUSTEE 0.30 X 0 0 0 JIM SQUIRE CFE AT LARGE TRUSTEE 0.30 X 0 0 0 R SCOTT SUTTON CFE AT LARGE TRUSTEE 0.30 X 0 0 0 PAUL PICKETT CFE AT LARGE TRUSTEE 0.30 X 0 0 0 EDITH WISEMAN CFE AT LARGE TRUSTEE 0.30 X 0 0 0 KAREN SATTERLEE CFE AT LARGE TRUSTEE 0.30 0.30 X 0 0 0 TAMRA KENNEDY AT LARGE TRUSTEE 0.30 X 0 0 0 JOHN LANCASTER AT LARGE TRUSTEE 0.30 X 0 0 0 RICHARD SNOW AT LARGE TRUSTEE 0.30 X 0 0 0 STEVEN TURNER AT LARGE TRUSTEE 0.30 X 0 0 0 RIKKI AMOS EXECUTIVE DIRECTOR (UNTIL 3/23) 40.00 X 221565 0 37506 WILLIAM HALL CFE TREASURER 0.30 0.30 X 0 0 0 221565 0 37506 0 0 1 0 0 715149 715149 202839 202839 917988 0 0 202839 X 21000 21000 261956 261956 69773 69773 2214 2214 210601 210601 6427 6427 9218 9218 REPUTATION CAMPAIGN EXP 334918 334918 BAD DEBTS 152814 152814 DIRECT PROGRAM EXPENSE 53992 53992 DISCOUNT ON LT RECEIVAB 17633 17633 12186 12186 1152732 1152732 0 0 710257 178397 964087 1054238 7500 7218076 5389396 0 2055753 8892420 8685284 201293 33247 486449 657869 687742 691116 X 5992251 6191067 2212427 1803101 8204678 7994168 8892420 8685284 -234744 24234 0 X X 0 1 X 1 0 X 1043710 336438 348057 284761 715149 2728115 1043710 336438 348057 284761 715149 2728115 810228 1917887 196542 199976 100854 141341 202839 841552 3569667 0.53730 0.59360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEPOSITS IN TRANSIT 2055753 2055753 DUE TO IFA 657869 657869 842222 24234 24234 817988 100000 100000 917988 1052732 0 1052732 100000 100000 1152732 PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON RESTRICTED PROMISES 100,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON RESTRICTED PROMISES 100,000. 1 IRL MARSHALL FUND 1 2500 THE ENTERPRISE (BAINUM) 5 13000 DOC COHEN 1 3000 DE LUCA FUND 1 2500 PART I, LINE 2: PRIOR TO THE BEGINNING OF THE CALENDAR YEAR, THE PROPOSED PROGRAMS ARE SUBMITTED TO THE DIVERSITY INSTITUTE LEADERSHIP FOR REVIEW. THE DIRECTOR OF EDUCATION & DIVERSITY DEVELOPS A BUDGET FOR EACH PROGRAM/ACTIVITY TO BE DELIVERED AND EXPENDITURES ARE ROUTINELY REVIEWED TO ENSURE WE ARE WITHIN BUDGET. 0 0 0 0 0 0 0 0 0 RIKKI AMOS EXECUTIVE DIRECTOR (UNTIL 3/23) 184485 0 37080 0 0 0 18502 0 21889 0 261956 0 0 0 PART I, LINE 3 COMPENSATION FOR THE FOUNDATION'S PRESIDENT/COO AND VP IS ESTABLISHED BY A RELATED ORGANIZATION, THE INTERNATIONAL FRANCHISE ASSOCIATION (IFA). THE PRESIDENT/COO AND VP'S COMPENSATION IS REVIEWED BY THE PRESIDENT/CEO OF IFA. IFA GENERALLY UTILIZES THE FOLLOWING TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, AND/OR APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1A THE FOUNDATION'S EXECUTIVE COMMITTEE EXERCISES AUTHORITY OF THE BOARD OF TRUSTEES DURING THE PERIODS BETWEEN BOARD MEETINGS, WITH THE EXCEPTION OF ANY POWERS SPECIFICALLY RESERVED FOR THE BOARD BY OPERATION OF DISTRICT OF COLUMBIA LAW, OR BY RESOLUTION OF THE BOARD. THE FOUNDATION'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIRMAN, IMMEDIATE PAST CHAIRMAN, FIRST VICE CHAIRMAN, SECOND VICE CHAIRMAN, SECRETARY-TREASURER, AND AT LARGE-MEMBERS. THE AT-LARGE MEMBERS ARE CHAIRMAN OF THE ICFE BOARD OF GOVERNORS, CHAIRMAN OF THE DIVERSITY INSTITUTE BOARD, CHAIRMAN OF THE NEXTGEN IN FRANCHISING COMMITTEE, AND CHAIRMAN OF THE VETFRAN COMMITTEE. EX OFFICIO MEMBERS ARE THE FOUNDATION PRESIDENT, THE IFA CEO, AND THE FOUNDATION GENERAL COUNSEL. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS REGULAR MEMBERS; REGULAR MEMBERS SHALL BE THE CONTRIBUTORS TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION, PER ITS BYLAWS, HAS 28 TRUSTEES. EIGHT MEMBERS OF THE BOARD OF DIRECTORS OF THE INTERNATIONAL FRANCHISE ASSOCIATION SERVE ON THE FOUNDATION BOARD OF TRUSTEES. THE INTERNATIONAL FRANCHISE ASSOCIATION IS A RELATED ENTITY. TRUSTEES ARE NOMINATED FOR POSITIONS ON THE FOUNDATION'S BOARD OF TRUSTEES BY THE FOUNDATION'S EXECUTIVE COMMITTEE. THE FOUNDATION'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIRMAN, IMMEDIATE PAST CHAIRMAN, FIRST VICE CHAIRMAN, SECOND VICE CHAIRMAN, SECRETARY-TREASURER, AND AT LARGE-MEMBERS. THE AT-LARGE MEMBERS ARE CHAIRMAN OF THE ICFE BOARD OF GOVERNORS, CHAIRMAN OF THE DIVERSITY INSTITUTE BOARD, CHAIRMAN OF THE NEXTGEN IN FRANCHISING COMMITTEE, AND CHAIRMAN OF THE VETFRAN COMMITTEE. EX OFFICIO MEMBERS ARE THE FOUNDATION PRESIDENT, THE IFA CEO, AND THE FOUNDATION GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF FOUNDATION EMPLOYEES ARE PAID BY THE INTERNATIONAL FRANCHISE ASSOCIATION (IFA), A RELATED EXEMPT 501(C)(6) ORGANIZATION. THE SALARY OF THE FOUNDATION'S PRESIDENT/COO IS REVIEWED BY IFA'S PRESIDENT/CEO ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 210,601. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,601. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. INTERNATIONAL FRANCHISE ASSOCIATION 1900 K STREET NW 700 WASHINGTON DC 20006 366108621 PROTECTS, ENHANCES, AND PROMOTES FRANCHISING IL 501(C)(6) 0 INSTITUTE OF CERTIFIED FRANCHISE EXECUTIVES INC 1900 K STREET NW 700 WASHINGTON DC 20006 030407010 CERTIFICATION PROGRAM DC N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 INTERNATIONAL FRANCHISE ASSOCIATION E 171421 BASED ON AMOUNTS INCURRED