Friends of Ifcc

Nonprofit profile at a glance

EIN
932093295
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-EZ 2023
Location
Portland, OR, USA
Phone
3478788475
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$202,970
Expenses
$456,698
Assets
$206,639
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Prentice Onayemi (Interim Executive Director)
  • Jeana Woolley (President)

Highest reported compensation

  • Prentice Onayemi (Interim Executive Director): $69,747 total reported compensation
  • S Renee Mitchell (Board Member): $1,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community engagement, interim programming, fundraising, capital project planning, and operational stewardship of the Interstate Firehouse Cultural Center.

What it reported doing in 2025

City Partnership - Friends of IFCC is collaborating with the City of Portland Oregon's Bureau of Parks and Recreation (PP&R) to revitalize Interstate Firehouse Cultural Center (IFCC). A former firehouse, IFCC was converted to an arts center in 1982 and served as a home for Black arts and culture for decades, but is now too small and outdated to operate sustainably. FoIFCC is currently partnering with the City on a Feasibility Study that will create a path for the building's renovation. FoIFCC is also partnering with the City on a Grant and Residency program for artists to utilize the IFCC building. As part of this program, the Resident Artists host numerous free public/community events at IFCC. The residency program was funded federally via American Rescue Plan Act, which sunset in March 2025. In 2024, FoIFCC raised money to continue this program once federal funds sunset.

Operating model

Revenue model
Other-operating. 78% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 45% for direct work, and 55% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $2.04 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -125%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 15.6%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 119.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 16.5% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 27% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.3% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $381K in reported program spending
  • Leadership: top reported pay $70K · 5 people listed
  • Highest-paid contractors: 1 contractor listed · $211K reported
  • Consistency: 42 of 42 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.