IFMA Foundation

EIN: 760313751 501(c)(3)

HOUSTON, TX

Total Revenue
$508,369
Total Expenses
$704,484
Total Assets
$1,342,278
Net Assets
$1,315,518
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
TX
Phone
7136234362
Tax Period
2023-07-01 to 2024-06-30

IFMA Foundation, founded in 1991, is a small nonprofit that reported $508K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $704K exceeded revenue, resulting in a 39% operating deficit.

Mission

The IFMA Foundation works for the public good in support of Facility Management higher education, students studying Facility Management and related fields, research critical to the profession, and increasing awareness of facility management and making FM a career of choice.

Program Service Accomplishments

Program 1
Expenses: $258,106 Revenue: $0

IFMA Foundation's Global Workforce Initiative (GWI) provided the framework to unite public entities, nonprofit organizations, academic institutions and local IFMA chapters in tackling regional...

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IFMA Foundation's Global Workforce Initiative (GWI) provided the framework to unite public entities, nonprofit organizations, academic institutions and local IFMA chapters in tackling regional workforce needs. A grantee and sub-grantee for three projects, the Foundation facilitated the distribution of 150 certificates in the Essentials of FM, Essentials of Sustainability and OSHA-10 to individuals entering the Facility Management career pathway, as well as to current FM professionals. In addition, the Foundation facilitated engagement opportunities between industry, academia and facility management students that provided mechanisms for ensuring the evolving needs of employers are translated to academic programs and that students can see a clear pathway from academics to career with access to internships and mentorship.

Program 2
Expenses: $200,750 Revenue: $0

IFMA Foundation granted scholarships to 43 students studying to enter the FM profession in 2023-24. In addition to a monetary award to help offset the costs of earning their FM-related degree...

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IFMA Foundation granted scholarships to 43 students studying to enter the FM profession in 2023-24. In addition to a monetary award to help offset the costs of earning their FM-related degree, scholarship recipients were also awarded travel and related expenses to participate in the Foundation's Student Experience at IFMA's World Workplace annual conference and exposition. The World Workplace Student Experience provides students with opportunities to learn about best practices in the profession and the newest technologies, and also offers a professional forum in which they can build their FM network.

Program 3
Expenses: $114,714 Revenue: $150

Accreditation and development of facility management degrees is a key component of the IFMA Foundation's support of the FM profession. Working with local chapters and industry, IFMA Foundation...

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Accreditation and development of facility management degrees is a key component of the IFMA Foundation's support of the FM profession. Working with local chapters and industry, IFMA Foundation supports the development of new FM programs at two- and four-year colleges and universities. The Foundation also supports the accreditation of FM programs through ABET ensuring that FM curriculum at accredited institutions includes instruction on all 11 core competencies of the FM profession established by IFMA so that student outcomes are appropriate to the level of degree earned.

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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 (2023)

Revenue Breakdown

Contributions & Grants $685,315
Program Service Revenue $150
Investment Income $-147,024
Other Revenue $-30,072
TOTAL REVENUE $508,369

Expense Breakdown

Grants Paid $187,595
Salaries & Benefits $216,555
Fundraising Expenses $52,586
Program Expenses $573,570
Other Expenses $300,334
TOTAL EXPENSES $704,484

Year-over-Year Comparison

2023 2022 Change
Revenue $508,369 $969,040 -0.5%
Expenses $704,484 $826,842 -0.1%
Net Income $-196,115 $142,198 -2.4%
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
13
Independent Members
12
Employees
3
Volunteers
11

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
7
$164,188
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A FIRST VICE CHAIR 3.0
Officer Director
$0 $0 $0
N/A IFMA GLOBAL BOARD 3.0
Officer Director
$0 $0 $0
N/A SEC./TREAS. & SECOND VICE CHAIR 3.0
Officer Director
$0 $0 $0
N/A PAST CHAIR 3.0
Officer Director
$0 $0 $0
N/A CHAIR 5.0
Officer Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A IFMA PRESIDENT 5.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR (Through December 2023) 55.0
Officer
$134,207 $29,981 $164,188
N/A EXECUTIVE DIRECTOR (BEGINNING MAY 2024) 55.0
Officer
$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
2025 No data No data No data No data
2024 $508,369 $704,484 $1,342,278 $-196,115
2023 $969,040 $826,842 $1,274,925 $142,198
2022 $1,033,142 $694,999 $1,098,848 $338,143
2021 $594,549 $448,472 $1,376,827 $146,077
2020 $706,952 $452,539 $1,090,614 $254,413
2019 $510,016 $432,927 $1,056,979 $77,089
2018 $741,858 $667,525 $1,115,288 $74,333
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