Powered by CharityEZ

Charity report ready

THE IBMA FOUNDATION INC

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This takes you back to the exact search that opened this report.

Public IRS 990 nonprofit record

THE IBMA FOUNDATION INC

EIN 82-4785593 · Fund Raising & Fund Distribution - Arts, Culture, and Humanities (A12)

What they do

THE ORGANIZATIONS MISSION is to BUILD A BRIGHTER FUTURE for BLUEGRASS MUSIC and HELP DONORS CREATE A LEGACY BY SUPPORTING PROGRAMS and PROJECTS THAT FOCUS ON BLUEGRASS MUSIC-RELATED ARTS and CULTURE, EDUCATION, LITERARY WORK and HISTORIC PRESERVATION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $59.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

30.94%of revenue went to mission work59.1% of expenses · Program services
6.75%of revenue went to fundraising12.9% of expenses
$52.38spent for every $100 of revenueRevenue covered expenses this year.
14.70%of revenue went to management and office costs28.1% of expenses
$5.42in assets for every $1 spent this yearSome assets cannot be spent right away.
85.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $25,617 for NANCY CARDWELL (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$226,880
Mission workProgram services$70,19230.94% of revenue59.1% of expenses
ManagementOffice and general costs$33,34614.70% of revenue28.1% of expenses
FundraisingAsking for donations$15,3106.75% of revenue12.9% of expenses
Revenue left after expensesReported annual surplus$108,03247.62% of revenueShown in gray on the chart
Total expenses$118,84852.38% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 59.1% mission · 28.1% management · 12.9% fundraisingTotal expenses: 52.38% of revenue
2023Expense mix: 67.3% mission · 22.5% management · 10.3% fundraisingTotal expenses: 70.46% of revenue
2022Expense mix: 67.1% mission · 23.8% management · 9.1% fundraisingTotal expenses: 97.67% of revenue
2021Expense mix: 71.2% mission · 28.8% management · 0.0% fundraisingTotal expenses: 46.65% of revenue
2020Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 74.66% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 53.37% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 77.66% of revenue

Money in and money out

Revenue$226,880
Expenses$118,848
Annual surplus $108,032 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$70,192 · 59.1% of expenses
Management and office costs$33,346 · 28.1% of expenses
Fundraising$15,310 · 12.9% of expenses
See all reported dollar amounts
Revenue$226,880
Expenses$118,848
Assets$644,326
Income$233,526
Contributions$192,743
Mission work (program services)$70,192
Fundraising$15,310
Grants given$220,342
Average grant$55,086
Management and general$33,346
Executive compensation (total)$13,013
Stocks and bonds$539,431
Accounting fees$8,143
Investing fees$2,358
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
NANCY CARDWELLEXECUTIVE DIRECTOR · 15 hrs/week $25,617

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

NANCY CARDWELLEXECUTIVE DIRECTOR

MICHAEL HALLDIRECTOR

WENDY TYNERTREASURER

TRISHA TUBBSPRESIDENT/CHAIR

SAM BLUMENTHALDIRECTOR

RUTH MCLAINSECRETARY

RICHARD BROWNDIRECTOR

PETER SALOVEYDIRECTOR

MONA SALYERDIRECTOR

MARK SCHUSTERDIRECTOR

LILLIAN WERBINDIRECTOR

LAURIE GREENBERGDIRECTOR

KISSY BLACKDIRECTOR

KEN WHITEEX-OFFICIO

JOHN YOUNGDIRECTOR

BECKY BULLERDIRECTOR

ALAN TOMPKINSVICE-CHAIR

About this charity

Recognized since
January 2019
Location
1183 UNIVERSITY DR STE 105 PMB 215, BURLINGTON, NC 27215-8315
County
Alamance
In care of
TRISHA TUBBS
Primary officer
TRISHA TUBBS, PRESIDENT/CHAIR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
RINEY HANCOCK CPAS PSC
NTEE classification
Fund Raising & Fund Distribution - Arts, Culture, and Humanities (A12)
IRS tax category
Fund Raising & Fund Distribution
Grant-giving organization
Yes

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Back to search results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free