INTER AMERICAN FOREIGN EVANGELICAL MISSIONARIES CULTURAL ASSOCIATION

EIN: 980684039 501(c)(3) Education

MIAMI, FL

Total Revenue
$910,699
Total Expenses
$833,084
Total Assets
$837,120
Net Assets
$681,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Principal Officer
MICHAEL MCNABB
Phone
5027764080
Tax Period
2023-01-01 to 2023-12-31

INTER AMERICAN FOREIGN EVANGELICAL MISSIONARIES CULTURAL ASSOCIATION, founded in 1962, is a small nonprofit in the Education sector that reported $911K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $833K left a modest 9% surplus.

Mission

THE VISION OF IAS IS TO BE AN AUTHENTIC CHRISTIAN COMMUNITY, UNIFIED BY OUR COMMON FAITH IN JESUS CHRIST. OUR ENGLISH ENVIRONMENT, SMALL CLASS SIZES, AND COLLEGE PREPARATORY PROGRAM WILL ADEQUATELY PREPARE STUDENTS FOR SUCCESS AT THE UNIVERSITY LEVEL. TOGETHER WE STRIVE TO CREATE A POSITIVE SCHOOL ATMOSPHERE THAT HAS STUDENT ACHIEVEMENT AS ITS FOCUS. OUR DESIRE IS TO SEE STUDENTS IMPACT THEIR COMMUNITIES AS PURPOSEFUL AND RESPONSIBLE CITIZENS AND LEADERS.

Program Service Accomplishments

Program 1
Expenses: $721,051

AN EXCELLENT EDUCATION ENABLES STUDENTS TO GROW ACADEMICALLY, SOCIALLY, SPIRITUALLY AND PHYSICALLY IN AN ENGLISH IMMERSION ENVIRONMENT THAT PREPARES EACH STUDENT FOR SUCCESS AT THE UNIVERSITY LEVEL...

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AN EXCELLENT EDUCATION ENABLES STUDENTS TO GROW ACADEMICALLY, SOCIALLY, SPIRITUALLY AND PHYSICALLY IN AN ENGLISH IMMERSION ENVIRONMENT THAT PREPARES EACH STUDENT FOR SUCCESS AT THE UNIVERSITY LEVEL. CHRIST-CENTEREDNESS PERMEATES ALL ASPECTS OF THE EDUCATIONAL PROGRAM AS FAITH AND LEARNING ARE INTEGRATED THROUGH AN UNSWERVING COMMITMENT TO BIBLICAL PRINCIPLES. A DEDICATION TO CIVIC RESPONSIBILITY BASED ON THE BELIEF THAT EVERYONE POSSESSES INHERENT WORTH AND VALUE AND HAS THE POTENTIAL TO MAKE A POSITIVE IMPACT ON THE WORLD. A COMMITMENT TO INTEGRITY IN OUR ACCOUNTING, ADMINISTRATION, COMMUNICATION AND INSTRUCTIONAL PRACTICES. AN INTENTIONAL PROGRAM THAT FOSTERS AUTHENTIC COMMUNITY AMONG STAFF, TEACHERS AND STUDENTS AND EXTENDS BEYOND AS STUDENTS ARE ENCOURAGED AND GIVEN OPPORTUNITIES TO SERVE OTHERS IN THE SURROUNDING COMMUNITY.

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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 $910,699
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $910,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,488
Fundraising Expenses $0
Program Expenses $721,051
Other Expenses $705,596
TOTAL EXPENSES $833,084

Year-over-Year Comparison

2023 2022 Change
Revenue $910,699 $767,768 +0.2%
Expenses $833,084 $778,869 +0.1%
Net Income $77,615 $-11,101 -8.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES COLLINS MEMBER 1.00
Director
$0 $0 $0
HELAINE WALTON MEMBER 1.00
Director
$0 $0 $0
BETTIE COLSON MEMBER 1.00
Director
$0 $0 $0
LILY STONE PRESIDENT 2.00
Officer
$0 $0 $0
JOYCE TYSON VICE PRESIDENT 1.00
Officer
$0 $0 $0
JJULIETA JIMENEZ COVARRUBIAS SECRETARY 1.00
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
2023 $910,699 $833,084 $837,120 $77,615
2022 $767,768 $778,869 $610,113 $-11,101
2021 $726,997 $760,886 $288,355 $-33,889
2020 $5,919,432 $6,090,457 $1,480,783 $-171,025
2020 $750,762 $805,247 $310,479 $-54,485
2019 $929,554 $887,382 $376,459 $42,172
2018 $845,772 $860,393 $293,940 $-14,621
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