IBU FOUNDATION

EIN: 274660946 501(c)(3) International Affairs

CHARLESTON, SC

Total Revenue
$1,024,184
Total Expenses
$774,754
Total Assets
$413,980
Net Assets
$-201,702
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
SC
Principal Officer
SUSAN HULL WALKER
Phone
8433278304
Tax Period
2022-06-01 to 2023-05-31

IBU FOUNDATION, founded in 2015, is a community nonprofit in the International Affairs sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 200% from the prior year, signaling strong growth momentum. The organization ran a surplus of $249K, a strong 24% operating margin.

Mission

IBU FOUNDATION (501C3) SUPPORTS GLOBAL WOMEN'S ARTISANAL ENTERPRISE THROUGH CAPACITY BUILDING GRANTS AND A MARKETPLACE FOR THEIR HANDMADE GOODS.

Program Service Accomplishments

Program 1
Expenses: $79,200 Revenue: $131,200

FRINGE ROAD DONOR TRIP TO COLOMBIA:AS A PART OF IBU'S FRINGE ROAD ADVENTURES, DESIGNED TO INTRODUCE DONORS AND ALLIES TO OUR ARTISAN PARTNERS, A GROUP OF SEVENTEEN TRAVELED TO COLOMBIA, SOUTH AMERICA...

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FRINGE ROAD DONOR TRIP TO COLOMBIA:AS A PART OF IBU'S FRINGE ROAD ADVENTURES, DESIGNED TO INTRODUCE DONORS AND ALLIES TO OUR ARTISAN PARTNERS, A GROUP OF SEVENTEEN TRAVELED TO COLOMBIA, SOUTH AMERICA IN MAY, 2023. FROM REMOTE COMMUNITIES IN THE COUNTRY, IBU BROUGHT INDIGENOUS WOMEN WITH WHOM WE COLLABORATE TO BOGOTA AND MEDELLIN, LEARNING ABOUT THEIR NEEDS AND ARTISANAL SKILLS, AND ABOUT A NEW WORKSPACE AND SCHOOL PROJECT WHICH IBU SUPPORTED IN ONE REGION. VISITING NINE ARTISAN GROUPS AND WORKSPACES, TRAVELERS LEARNED DIRECTLY FROM THE COLOMBIAN DESIGNERS AND ARTISANS ABOUT THEIR LIVES AND SKILLS, ENJOYED MEALS IN THE HOMES OF OUR ALLIES, AND TOOK IN MAJOR CULTURAL HIGHLIGHTS OF THAT DIVERSE COUNTRY.

Program 2
Expenses: $0 Revenue: $160,275

CAPACITY BUILDING GRANT TO KANDAHAR TREASURE:IN 2022, IBU FOUNDATION APPLIED FOR AND WAS AWARDED A GRANT FROM THE U.S. DEPARTMENT OF THE STATE TO FURTHER UPLIFT THE ARTISANS OF KANDAHAR TREASURE. THE...

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CAPACITY BUILDING GRANT TO KANDAHAR TREASURE:IN 2022, IBU FOUNDATION APPLIED FOR AND WAS AWARDED A GRANT FROM THE U.S. DEPARTMENT OF THE STATE TO FURTHER UPLIFT THE ARTISANS OF KANDAHAR TREASURE. THE GRANT, "PRESERVING AFGHAN CULTURE, EMPOWERING WOMEN, AND REINFORCING SHARED VALUES" IS GIVING WOMEN ARTISANS OPPORTUNITY THROUGH BUSINESS AND PERSONAL DEVELOPMENT TRAINING, OPERATIONAL SUPPORT AND ACCESS TO EXPANDED MARKETS.

Program 3
Expenses: $99,000 Revenue: $417,000

INTERNATIONAL WOMEN'S DAY EVENT ON MARCH 8, 2023 THE IBU MOVEMENT WELCOMED 450 GUESTS TO CELEBRATE OUR 2023 SEVEN GLOBAL CHAMPIONS, HONORING ARTISAN LEADERS FROM NIGERIA, PAKISTAN, COLOMBIA, MOROCCO...

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INTERNATIONAL WOMEN'S DAY EVENT ON MARCH 8, 2023 THE IBU MOVEMENT WELCOMED 450 GUESTS TO CELEBRATE OUR 2023 SEVEN GLOBAL CHAMPIONS, HONORING ARTISAN LEADERS FROM NIGERIA, PAKISTAN, COLOMBIA, MOROCCO, AFGHANISTAN, AND HAITI. EACH LEADER HIGHLIGHTED THE ARTISANAL CULTURAL HERITAGE OF WOMEN IN THEIR REGION, JOINING FORCES TO CREATE AN EXTRAORDINARY RUNWAY SHOW OF THEIR HAND-CRAFTED GARMENTS. A PANEL DISCUSSION WITH THE ARTISAN LEADERS KICKED OFF THE EVENT EARLIER THAT DAY, DISCUSSING NEEDS AND PRIORITIES AND THEIR SHARED MISSION. THAT EVENING, PARTICIPANTS ENJOYED INTERNATIONAL FARE AND DRINKS, AND WERE INVITED TO PARTICIPATE IN A LIVE AUCTION OF GLOBAL TRAVEL OPPORTUNITIES AND PADDLE RAISE TO SUPPORT THE IBU MOVEMENT.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,038,756
Program Service Revenue $78,616
Investment Income $17
Other Revenue $-93,205
TOTAL REVENUE $1,024,184

Expense Breakdown

Grants Paid $282,550
Salaries & Benefits $257,612
Fundraising Expenses $157,929
Program Expenses $527,772
Other Expenses $234,592
TOTAL EXPENSES $774,754

Year-over-Year Comparison

2022 2021 Change
Revenue $1,024,184 $341,480 +2.0%
Expenses $774,754 $274,673 +1.8%
Net Income $249,430 $66,807 +2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
65

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
3
$0
Total Directors
6
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUSTIN WALKER CHAIRMAN 2.00
Officer Director
$0 $0 $0
SANDRA SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
MONICA SEEGER TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN WALKER BOARD MEMBER 2.00
Director
$75,000 $0 $75,000
AMANDA FLYNN BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHANIE HUNT BOARD MEMBER 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $1,024,184 $774,754 $413,980 $249,430
2023 No data No data No data No data
2022 $341,480 $274,673 $168,039 $66,807
2021 $122,841 $202,158 $112,732 $-79,317
2020 $245,043 $140,441 $187,884 $104,602
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