ITMA EDUCATIONAL FOUNDATION: Form 990EZ, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ITMA EDUCATIONAL FOUNDATION (EIN 56-2004758)
- Tax period
- 2023-09-01 to 2024-08-31
- Filed
- 2024-11-25
- IRS object ID
- 202423309349200917
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-25T12:43:20-05:00 | ReturnTs |
| Tax Period End | 2024-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 823116843 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCOTT CORNELIUS CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 W LEXINGTON AVE STE 106 | AddressLine1Txt |
| City | HIGH POINT | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27262 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2023-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562004758 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ITMA EDUCATIONAL FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ITMA | BusinessNameControlTxt |
| Phone | 3368856842 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 WEST HIGH AVENUE | AddressLine1Txt |
| City | HIGH POINT | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27260 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARRIE DILLON | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 3368856842 | PhoneNum |
| Signature | 2024-11-06 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT CORNELIUS CPA | PreparerPersonNm |
| PTIN | P00645659 | PTIN |
| Phone | 3368855100 | PhoneNum |
| Preparation | 2024-11-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | WWW.INTERNATIONALTEXTILEALLIANCE.ORG | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Type Of Organization Other | FOUNDATION | TypeOfOrganizationOtherDesc |
| Gross Receipts | $33,489 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $15,600 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $17,139 | InvestmentIncomeAmt |
| Other Revenue Total | $750 | OtherRevenueTotalAmt |
| Total Revenue | $33,489 | TotalRevenueAmt |
| Fees And Other Pymt To Ind Cntrct | $2,415 | FeesAndOtherPymtToIndCntrctAmt |
| Printing Publications Postage | $12 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $36,222 | OtherExpensesTotalAmt |
| Total Expenses | $38,649 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$5,160 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $287,518 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $282,358 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,018 | BOYAmt |
| EOY | $274,858 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,500 | BOYAmt |
| EOY | $7,500 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $287,518 | BOYAmt |
| EOY | $282,358 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $287,518 | BOYAmt |
| EOY | $282,358 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY. | DescriptionProgramSrvcAccomTxt |
| Program Service Expenses | $28,892 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $28,892 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (13 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| ANDERSON GIBBONS | ||
| BOARD MEMBER | 000.00 | $0 |
| KATHRYN RICHARDSON | ||
| BOARD MEMBER | 000.00 | $0 |
| CARMEN HERNDON BARBEE | ||
| INDUSTRY LIA | 000.00 | $0 |
| MENDY KEARNS | ||
| TREASURER | 000.00 | $0 |
| ELISE GABRIELSON | ||
| VICE PRESIDE | 000.00 | $0 |
| ANDY PACUK | ||
| BOARD MEMBER | 000.00 | $0 |
| PATRICK SHELTON | ||
| BOARD MEMBER | 000.00 | $0 |
| STEVE GITTELSON | ||
| BOARD MEMBER | 000.00 | $0 |
| CARRIE DILLON | ||
| EXECUTIVE DI | 000.00 | $0 |
| CARLA BLUITT | ||
| BOARD MEMBER | 000.00 | $0 |
| DAVID LAPPERT | ||
| PRESIDENT | 000.00 | $0 |
| TAMMY BUCKNER | ||
| BOARD MEMBER | 000.00 | $0 |
| RICK LOVEGROVE | ||
| BOARD MEMBER | 000.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MENDY KEARNS | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 305 WEST HIGH AVE | AddressLine1Txt |
| City | HIGH POINT | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27260 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3368856842 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $41,631 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,625 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,600 | CurrentTaxYearAmt |
| Total | $62,856 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $750 | CurrentTaxYearAmt |
| Total | $750 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $41,631 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,625 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,350 | CurrentTaxYearAmt |
| Total | $63,606 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $63,606 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $19,300 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,139 | CurrentTaxYearAmt |
| Total | $51,841 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $19,300 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,139 | CurrentTaxYearAmt |
| Total | $51,841 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $60,931 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,027 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,489 | CurrentTaxYearAmt |
| Total | $115,447 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.55100 | PublicSupportCY509Pct |
| Public Support PY509 | 0.57660 | PublicSupportPY509Pct |
| Investment Income CY | 0.45000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.42000 | InvestmentIncomePYPct |
| Private Foundation509 | Yes (X) | PrivateFoundation509Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 8 | PRIOR PERIOD ADJUSTMENTS 750 TOTAL 750 |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES SPEAKER FEE 1,000 WEBINAR 9,002 MARKETING 7,330 DONATIONS 1,000 VJDC AWARD 8,390 OVERHEAD 6,000 COVER COMPETITION 1,000 FOUDERS SCHOLARSHIP 2,500 TOTAL 36,222 |
| FORM 990-EZ, PART I, LINE 20 | PY ADJ 0 |
| FORM 990-EZ, PART II, LINE 24 | PLEDGES RECEIVABLE 7,500 7,500 TOTAL 7,500 7,500 |
| FORM 990-EZ, PART III | TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY. |