FOUNDATN FOR INFORMATION ACCNTBILITY AND GOVRNANCE

EIN: 461416947 501(c)(3) Public & Societal Benefit

LITTLE ROCK, AR

Total Revenue
$702,215
Total Expenses
$908,954
Total Assets
$709,203
Net Assets
$646,846
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
Principal Officer
SCOTT TAYLOR
Tax Period
2023-01-01 to 2023-12-31

FOUNDATN FOR INFORMATION ACCNTBILITY AND GOVRNANCE, founded in 2012, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $339K, a strong 31% operating margin.

Mission

GLOBAL INFO POLICY THINK TANK-CREATES SCHOLARSHIP & EDUCATION ON POLICIES & PROCESSES NECESSARY TO USE DATA WISELY THAT SERVES PEOPLE. THE IAF GOAL, IS TO ACHIEVE EFFECTIVE INFORMATION GOVERNANCE SYSTEMS TO FACILITATE INFO-DRIVEN INNOVATION RESPECTFUL OF RIGHT TO FAIR PROCESSING.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $702,000
Program Service Revenue $0
Investment Income $215
Other Revenue $0
TOTAL REVENUE $702,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $38,500
Program Expenses $744,063
Other Expenses $908,954
TOTAL EXPENSES $908,954

Year-over-Year Comparison

2023 2022 Change
Revenue $702,215 $835,764 -0.2%
Expenses $908,954 $762,176 +0.2%
Net Income $-206,739 $73,588 -3.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS FOREMAN DIRECTOR 5.00
Director
$0 $0 $0
SHEILA J COLCLASURE DIRECTOR 5.00
Director
$0 $0 $0
LAURA SHERREN DIRECTOR 5.00
Director
$0 $0 $0
JEFF RATNER DIRECTOR 5.00
Director
$0 $0 $0
ELIZABETH DENHAM DIRECTOR 20.00
Director
$0 $0 $0
STEPHANIE HIGGINS DIRECTOR 5.00
Director
$0 $0 $0
MARTIN ABRAMS CHIEF INNOVATION OFFICER 10.00
Director
$0 $0 $0
JOANN C STONIER DIRECTOR 5.00
Director
$0 $0 $0
SCOTT TAYLOR CHAIRMAN 8.00
Officer Director
$0 $0 $0
BARBARA LAWLER PRESIDENT 30.00
Officer Director
$0 $0 $0
JENNIFER B GLASGOW TREASURER 5.00
Officer 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 $702,215 $908,954 $709,203 $-206,739
2022 $835,765 $762,176 $853,585 $73,589
2021 $643,342 $760,065 $804,996 $-116,723
2020 $531,396 $689,023 $941,767 $-157,627
2019 $1,033,522 $804,027 $1,123,474 $229,495
2018 $1,076,040 $737,184 $864,670 $338,856
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