Serge Ibaka Foundation
Legal name: Serge Ibaka Foundation Inc
Nonprofit profile at a glance
- EIN
- 815215301
- IRS 990 coverage
- 2017–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 3053618969
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $2,895
- Expenses
- $62,553
- Assets
- $738
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- SERGE J IBAKA (PRESIDENT)
- MIGUEL ALFAGEME (VICE PRESIDENT)
People named in this filing
- SERGE J IBAKA (PRESIDENT)
- ANDY MILLER (DIRECTOR)
- JUAN AISA (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Anything is possible. The Serge Ibaka Foundation wants to inspire children around the world to believe in themselves no matter how hard their circumstances are. Going through difficult times as a kid himself, Serge Ibaka is determined to help the kids of Congo, Toronto and the rest of the World through his Foundation, focusing on the issues of health and education. Partnering with established and key organizations, the Foundation takes action to make an impact on the communities and on the children that need the most help, improving their living conditions and encouraging them to use Serge Ibaka’s story as an inspiration to set goals for their lives.
What it reported doing in 2024
To support the sport of basketball and the various championships, matches, leagues, cups and other events (competition, training, training and/or dissemination) of this sport through organization and sponsorship of activities.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 72
- Accountability: 70
- Sustainability: 19
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: -2,060.7%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -7.4% per year; rating input score 0; 33rd percentile among comparable filings
- Revenue growth: -29.9% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -16.3% per year; rating input score 0; 9th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 4 operating locations identified
- Where the money goes: 100% of revenue deployed · 95% of spending went to programs
- Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $59K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes foreign activity
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- 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 — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Growth: Asset growth scored 0/100.