The Igfa Foundation Inc

Nonprofit profile at a glance

EIN
931432214
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Dania Beach, FL, USA
Phone
9549244345
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$3,244,294
Expenses
$1,054,025
Assets
$22,352,515
Liabilities
$279,825

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JASON SCHRATWIESER (PRESIDENT)

Highest reported compensation

  • JASON SCHRATWIESER (PRESIDENT): $212,614 total reported compensation
  • JILYNNE TAPIA (SECRETARY): $155,727 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To engage in activities that solely support, benefit, perform the functions of, and carry out the purposes of the international game fish association (igfa), a publicly supported charitable organization. Those activities include (a) to encourage the conservation of game fish and the promotion of responsible, ethical angling practices through the science, education, rule-making, record-keeping and recognition of outstanding accomplishments in the field of angling; (b) to provide grants to the igfa in support of the furtherance of its mission in education, conservation and scientific research related to game fish and the sport of recreational angling. (c) the solicitation of funds for contribution to build an endowment fund for the short-term and long-term needs of the igfa including the acceptance of donations of real estate, funds and other items of value; to hold title to property, both real and personal in furtherance of these objectives and activites.

What it reported doing in 2024

To engage in activities that soley support, benefit, perform the functions of, and carry out the purposes of igfa, the international game fish association (igfa), a publicly supported charitable organization. Those activities include (a) to encourage the conservation of game fish and the promotion of reponsible, ethical angling practices through the science, education, rule-making, record-keeping and recognition of outstanding accoumplishments in the field of angling; (b) to provide grants to the igfa in support of the furtherance of its mission in education, conservation and scientific research related to game fish and the sport of recreational angling. (c) the solicitation of funds for contribution to build an endowment fund for the short-term and long-term needs of the igfa including the acceptance of donations of real estate, funds and other items of value; to hold title to property, both real and personal in furtherance of these objectives and activites.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 71
  • Accountability: 69
  • Sustainability: 83
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.5%; rating input score 79
  • Program expense ratio: 93.1%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 14th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 67.5%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 21.21; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 32.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: -136.2% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 11.4% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 79.5% of revenue deployed · 93.1% of spending went to programs
  • Governance: 7 of 9 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $982K in reported program spending
  • Leadership: top reported pay $213K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.