Nonprofit · EIN 36-3655118
IFA FOUNDATION
Tax-exempt · ORMOND BEACH, FL 32174
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $184,031 | $47,100 | $136,931 | $477,890 | $0 | $477,890 |
| December 31, 2023 | 990 | $206,780 | $82,614 | $124,166 | $477,890 | $0 | $477,890 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $184,031
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,000
- Salaries, compensation and benefits (total)
- $20,000
- Professional fundraising fees
- $0
- Accounting fees
- $2,600
- Program services (functional)
- $24,500
- Management and general (functional)
- $22,600
Balance sheet and other
- Total assets, start of year
- $477,890
- Total assets, end of year
- $477,890
- Total liabilities, end of year
- $0
- Net assets, end of year
- $477,890
- Land, buildings and equipment
- $470,000
- Net assets without donor restrictions
- $477,108
- Net assets with donor restrictions
- $782
- Gross receipts
- $184,031
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- FL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vassa Neimark | President CEO Officer | 30 | $0 |
| Tanya Husain | Board Member Officer | 5 | $0 |
| Glenn Marlon Lewis | Board Member Officer | 2 | $0 |
| John Stafford | Board Member Officer | 2 | $0 |
| Linda Wolfe | Board Member Officer | 3 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vassa Neimark | President CEO Officer | 30 | $0 |
| Tanya Hussain | Board Member Officer | 5 | $0 |
| Gleen Marion Lake | Board Member Officer | 2 | $0 |
| John Stafford | Board Member Officer | 2 | $0 |
| Julio Perez-Vega | CFO Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 83 HOLLOW BRANCH XING, ORMOND BEACH, FL 32174-4814
- In care of
- % VASSA NEIMARK
- Principal officer (990 for 2024)
- IFA FOUNDATION, 83 HOLLOW BRANCH CROSSING, ORMOND BEACH, FL 32174
- Signed the 990
- Philip Neimark, President, CEO
- Phone
- (386) 214-6489
- Website
- WWW.ifafoundation.org
Mission
The Ifa Foundation's mission is to continue educating people from across the globe about the importance and benefits of the ancient philosophy of Ifa through the programs offered inside the Sacred Orisa Gardens known as Ola Olu; through the Spiritual Retreats held inside the gardens; Through quarterly workshops inside the gardens; through the weekly programs on zoom; through the courses held online; through the educational services held online; through the books written on the subject of Ifa; through the YouTube and social media educational materials being written and provided.
Program accomplishments
- Spiritual Ceremonies were providedExpenses $24,500 · revenue $129,027
- Provide basic and advanced training about the Ifa practices0
- Provide spiritual services for sexually abused women0
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3655118
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $477,890
- Income (IRS master file)
- $184,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $184,031 | $47,100 | $477,890 | XML |
| 990 | December 2023 | $206,780 | $82,614 | $477,890 | XML |
| 990 | December 2022 | $164,989 | $258,654 | $676,790 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 36-3655118).
Questions about IFA FOUNDATION
- What is the EIN of IFA FOUNDATION?
- The employer identification number (EIN) of IFA FOUNDATION is 36-3655118.
- Is IFA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to IFA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IFA 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 IFA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IFA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IFA FOUNDATION?
- The 990 for the year ended December 31, 2024 names IFA FOUNDATION.
- Who are the officers and directors of IFA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does IFA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $184,031, expenses of $47,100 and total assets of $477,890 at year end.
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