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 PROVIDES FEMALE ARTISANS WITH TOOLS AND TRAINING NEEDED TO ENHANCE THEIR CRAFT AND RISE OUT OF POVERTY AND INTO SUCCESSFUL ARTISAN ENTERPRISE.

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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%)

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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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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

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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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