NonprofitsIfma Foundation

Ifma Foundation

HOUSTON, TX

Total revenue

$589K

Total expenses

$486K

Net assets

$1.5M

Grants received

$225K

8 grants

EIN

760313751

Tax year

2024

Mission

Support scholarships, educational and research opportunities for facilities management.

Programs

2 programs

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.

Expenses: $81K

Ifma foundation granted scholarships to 32 students studying to enter the fm profession in 2024-25. 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.

Expenses: $183KGrants: $166K

Financials

FY 2024

Revenue

Contributions & grants$552K
Program service revenue$25
Investment income$36K
Other revenue$513
Total revenue$589K

Expenses

Grants paid$166K
Salaries & benefits$139K
Fundraising$32K
Other expenses$182K
Total expenses$486K
Total assets$1.5M
Net assets$1.5M

People

14 listed

NameRoleCompensation

RACHEL BIUNDO

EXECUTIVE DIRECTOR

Board

$92K

55 hrs/wk

REGINA FORD CAHILL

FOUNDATION CHAIR

Board

5 hrs/wk

ANGELA R JOHNSON CULVER PE

FOUNDATION FIRST VICE CHAIR

Board

2 hrs/wk

DENNIS E DENNY MULGREW

SECRETARY/TREASURER

Board

1 hrs/wk

IRENE THOMAS-JOHNSON CF

FOUNDATION PAST CHAIR

Board

1 hrs/wk

LUIS VINA

IFMA SECOND VICE CHAIR

Board

1 hrs/wk

JENNIFER CORBETT SHRAMO

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

MICHAEL GEARY

IFMA PRESIDENT

Board

5 hrs/wk

MADHAV KARANDIKAR

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

DAVID HOGLAND

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

LUIS MOREJON

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

ANNETTE VEGA

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

SOUROJIT DHAR

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

RAFFY ESPRITU

BOARD OF TRUSTEE MEMBER

Board

1 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$10K
PROMOTING EDUCATION FOR THE FACILITY MANAGEMENT PROFESSION AROUND THE WORLD AND MAKING FM A CAREER OF CHOICE.
2024
$8K
For grant recipient's exempt purposes
2023
$70K
SUPPORT COMMUNITY CHARITABLE ORGANIZATION
2020
$31K
For grant recipient's exempt purposes
2019
$1K
Making FM a career of choice
2018

Funded by

$225K from 3 funders · 8 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$39K · 2 grants · 2019–2023

Michael And Karen Schley Foundation

$11K · 2 grants · 2018–2024

Details

EIN760313751
Subsection03
Ruling date1992-03
Formed1991
Employees2
Volunteers11
IFMA FOUNDATION — Mission, Financials & Grants Received | Grantivo