INTERNATIONAL FOUNDATION FOR ART R… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

JENNIFER SCHIPF

Phone

2123916234

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL FOUNDATION FOR ART RESEARCH INC, founded in 1969, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 10% surplus.

Mission

EDUCATIONAL AND RESEARCH ORGANIZATION DEDICATED TO INTEGRITY IN THE VISUAL ARTS. IFAR IS CONCERNED WITH ISSUES OF ATTRIBUTION/AUTHENTICITY, PROVENANCE, THEFT, OWNERSHIP, AND OTHER SCHOLARLY, LEGAL AND ETHICAL ISSUES INVOLVING ART OBJECTS.

Program Service Accomplishments

Program 1

Expenses: $661,441 Revenue: $162,763

PUBLICATIONS, ART AUTHENTICATION AND PROVENANCE RESEARCH SERVICES, AND ONLINE/WEBSITE RESOURCES AND REFERENCE TOOLS CONCERNING CATALOGUES RAISONNES, PROVENANCE RESEARCH, AND ART LAW & CULTURAL...

PUBLICATIONS, ART AUTHENTICATION AND PROVENANCE RESEARCH SERVICES, AND ONLINE/WEBSITE RESOURCES AND REFERENCE TOOLS CONCERNING CATALOGUES RAISONNES, PROVENANCE RESEARCH, AND ART LAW & CULTURAL PROPERTY. PUBLICATIONS INCLUDE THE IFAR JOURNAL, FOCUSSED ON ART AUTHENTICITY, ART THEFT, ART FRAUD, AND OTHER LEGAL, ETHICAL AND SCHOLARLY ISSUES CONCERNING ART OBJECTS. THE OPERATION OF AN ART AUTHENTICATION RESEARCH SERVICE FOR THE PUBLIC. HOSTING OF LECTURES AND PANELS FOR IFAR SUPPORTERS AND THE PUBLIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $911,218

Program Service Revenue $162,763

Investment Income $52,775

Other Revenue $0

TOTAL REVENUE $1,126,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,514

Fundraising Expenses $49,100

Program Expenses $661,441

Other Expenses $495,522

TOTAL EXPENSES $1,013,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,126,756	$967,193	+0.2%
Expenses	$1,013,136	$924,876	+0.1%
Net Income	$113,620	$42,317	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$219,070

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SCHIPF	CHAIRMAN (BEG SEPT 2023)	1.00	Officer Director	$0	$0	$0
ANTHONY WILLIAMS	CHAIRMAN (JAN - SEPT 2023)	1.00	Officer Director	$0	$0	$0
LISA DENNISON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIANE FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN P SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
AARON M MILRAD	DIRECTOR	1.00	Director	$0	$0	$0
KATE GANZ	DIRECTOR	1.00	Director	$0	$0	$0
PETER C SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J NASH	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE DUPONT	DIRECTOR	1.00	Director	$0	$0	$0
WARREN ADELSON	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL SACHS II	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LYNN	DIRECTOR	1.00	Director	$0	$0	$0
LEON B POLSKY	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE E STEBBINS JR	DIRECTOR	1.00	Director	$0	$0	$0
DORIT D STRAUS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON FLESCHER	EXECUTIVE DIRECTOR (TO 12/23)	40.00	Officer	$197,621	$12,660	$210,281
LINDEY SCHNEIDER	EXECUTIVE DIRECTOR (FROM 12/23)	40.00	Officer	$8,495	$294	$8,789
LISA DUFFY ZEBALLOS	DIRECTOR OF ART RESEARCH	40.00	Highest	$106,700	$3,745	$110,445

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,126,756	$1,013,136	$1,934,706	$113,620
2022	$967,193	$924,876	$1,821,252	$42,317
2021	$1,210,814	$822,275	$1,137,288	$388,539
2020	$743,504	$789,717	$738,190	$-46,213
2019	$934,553	$822,345	$738,135	$112,208
2019	$928,204	$826,444	$738,135	$101,760
2018	$799,551	$768,659	$584,838	$30,892

INTERNATIONAL FOUNDATION FOR ART RESEARCH INC