2021-11-11T14:01:02-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 2523 US HIGHWAY 27 S SEBRING FL 338704926 990 2020-01-01 651172979 THE IRONMAN FOUNDATION INC IRON 8138685940 3407 W DR MLK JR BLVD NO 100 TAMPA FL 33607 SHANE FACTEAU PRESIDENT 8138685940 2021-11-11 1 SHANE FACTEAU 999009999 KRISTINA HIMROD P01544190 8633851577 2021-11-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHANE FACTEAU 3407 W DR MLK JR BLVD NO 100 TAMPA FL 33607 2254201 0 X HTTP://IRONMANFOUNDATION.ORG/ X 2003 FL TO LEAVE IRONMAN'S LEGACY THROUGH PHILANTHROPY, VOLUNTEERISM AND GRANT MAKING. 5 3 0 100 0 0 3078719 2071021 0 0 265683 183117 -9739 63 3334663 2254201 2074962 643672 0 0 406093 353677 0 0 169055 772604 647471 3253659 1644820 81004 609381 7697370 8345444 49668 167274 7647702 8178170 TO LEAVE IRONMAN'S LEGACY THROUGH PHILANTHROPY, VOLUNTEERISM AND GRANT MAKING; BY SUPPORTING VARIOUS ATHLETIC, COMMUNITY, EDUCATION, HEALTH, HUMAN SERVICES AND PUBLIC BENEFIT NON-PROFIT ORGANIZATIONS AROUND THE WORLD. 0 0 1072136 643672 IRONMAN FOUNDATION PROVIDES A GRANT FUNDING PROGRAM TO SUPPORT NONPROFIT INITIATIVES IN COMMUNITIES THROUGH THE COMMUNITY FUND PROGRAM AND A PARTICIPANT FUNDRAISING PROGRAM TO SUPPORT NONPROFIT ORGANIZATIONS. 1072136 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 0 FL X X SHANE FACTEAU PRESIDENT 8138685940 3407 W DR MLK JR BLVD NO 100 TAMPA FL 33607 STEVE JOHNSTON PRESIDENT & SECRETARY 2.00 60.00 X X 0 0 0 SHANE FACTEAU TREASURER 2.00 60.00 X X 0 0 0 JULIE MOSS DIRECTOR 1.00 0.00 X 0 0 0 DAVE ORLOWSKI DIRECTOR 1.00 0.00 X 0 0 0 LEW FRIEDLAND DIRECTOR 1.00 0.00 X 0 0 0 SARAH HARTMANN EXECUTIVE DIRECTOR 45.00 0.00 X 137779 0 8580 137779 0 8580 1 0 0 0 0 5849 2065172 2071021 183117 183117 TRI-ATHLETE KITS 900099 63 63 63 2254201 0 0 183180 598532 598532 45140 45140 146359 73179 29272 43908 167695 37114 116662 13919 1266 222 984 60 13148 3743 7666 1739 25209 8769 11864 4576 41563 41563 28229 28229 210999 71875 138157 967 78216 5672 2960 69584 14533 5056 2638 6839 15037 5230 2730 7077 17497 7874 4374 5249 2174 2174 12889 12889 EVENT EXPENSES 209363 206534 2829 LICENSES AND PERMITS 10637 10637 DUES AND SUBSCRIPTIONS 1644 822 822 4690 2374 645 1671 1644820 1072136 403629 169055 26469 693191 90947 36531 21325 18353 58913 43874 27928 15039 7271673 7107632 259028 474698 7697370 8345444 37321 65423 12347 101851 49668 167274 X 7647702 8178170 7647702 8178170 7697370 8345444 609381 -78913 0 X 0 1 X 1 0 X 2520582 2752802 2888299 3078719 2071021 13311423 2520582 2752802 2888299 3078719 2071021 13311423 88705 13222718 257920 308765 336514 281087 183117 1367403 38932 30401 34847 8574 63 112817 14791643 0.89390 0.89730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 38,932. 2017 AMOUNT: $ 30,401. 2018 AMOUNT: $ 34,847. 2019 AMOUNT: $ 8,574. 2020 AMOUNT: $ 63. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 58913 43874 15039 15039 DUE FROM RELATED PARTY 474698 474698 X 2147059 -78913 -78913 2225972 28229 28229 2254201 1616591 0 1616591 28229 28229 1644820 PART IV, LINE 2B: THE FOUNDATION PROVIDES PARTICIPANTS IN IRONMAN EVENTS THE OPPORTUNITY TO VOLUNTARILY FUNDRAISE UNRESTRICTED DOLLARS FOR A TAX-EXEMPT ORGANIZATION OF THEIR CHOICE. PARTICIPANTS WHO ELECT TO FUNDRAISE HAVE A FUNDRAISING CAMPAIGN SETUP THAT IS ADMINISTERED BY THE FOUNDATION. FUNDS RECEIVED ARE FACILITATED THROUGH A THIRD PARTY PROVIDER VIA A FUNDRAISING PLATFORM. FUNDS ARE PAYABLE TO THE FOUNDATION. THE FOUNDATION FOLLOWS THE PROVISIONS OF FASB ASC 958-605, TRANSFER OF ASSETS TO A NOT-FOR-PROFIT ORGANIZATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS. FASB ASC 958-605 ESTABLISHES STANDARDS FOR TRANSACTIONS IN WHICH A DONOR MAKES A CONTRIBUTION TO THE FOUNDATION WHICH ACCEPTS AND AGREES TO USE THOSE ASSETS FOR THE BENEFIT OF THE DONOR. FASB ASC 958-605 ALSO ESTABLISHES STANDARDS FOR TRANSACTIONS IN WHICH A DONOR MAKES A TRANSFER TO BENEFIT A THIRD-PARTY CHARITABLE ORGANIZATION AND DOES NOT EXPLICITLY GRANT THE RECEIPT VARIANCE POWER. THE CUSTODIAL FUNDS REPRESENT AMOUNTS REMITTED BY INDIVIDUALS (DONORS) TO THE FOUNDATION THROUGH THE TAX-EXEMPT ORGANIZATION OF THEIR CHOICE FUNDRAISING CAMPAIGN. AMOUNTS RAISED BY PARTICIPANTS ARE A LIABILITY TO THE FOUNDATION UNTIL COMPLETION OF THE PARTICIPANT'S FUNDRAISING CAMPAIGN AND THE REMITTAL OF THE FUNDS SPECIFIC TO THE SELECTED TAX-EXEMPT ORGANIZATION. PROCEEDS FROM THE FUNDRAISING CAMPAIGN, LESS ASSOCIATED ADMINISTRATIVE PROCESSING FEES ARE REMITTED TO THE PARTICIPANT'S CHOSEN TAX-EXEMPT ORGANIZATION. PART X, LINE 2: THE FOUNDATION IS NOT AWARE OF ANY TAX POSITIONS IT HAS TAKEN THAT ARE SUBJECT TO A SIGNIFICANT DEGREE OF UNCERTAINTY. TAX YEARS AFTER 2017 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 7500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 10000 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 17640 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 5000 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 5000 0 0 0 0 0 0 45140 0 45140 0 0 0 0 0 0 PART I, LINE 2: THE FOUNDATION OFFERS TWO GRANT PROGRAMS. THE VOLUNTEERISM GRANT PROGRAM PROVIDES DONATIONS TO ORGANIZATIONS THAT HAVE A VOLUNTEERISM COMPONENT TO THEIR ORGANIZATION. GRANTS TYPICALLY RANGE FROM $100 TO $5,000. EACH ORGANIZATION HAS THE ABILITY TO APPLY FOR THESE GRANTS THROUGH AN APPLICATION PROCESS ON THE FOUNDATION'S WEBSITE ANNUALLY. THE SECOND GRANT PROGRAM IS THE COMMUNITY GRANT PROGRAM. THIS PROGRAM OFFERS LARGER DONATIONS TO NON-EXEMPT ORGANIZATIONS IN AN EFFORT TO MAKE AN IMPACT WITHIN THE COMMUNITY OF THE RESPECTIVE NON-EXEMPT ORGANIZATION. THESE GRANTS TYPICALLY RANGE FROM $1,000 TO $40,000. NON-EXEMPT ORGANIZATIONS HAVE THE ABILITY TO APPLY FOR THESE GRANTS THROUGH AN APPLICATION PROCESS ON THE FOUNDATION'S WEBSITE ANNUALLY. FOR BOTH PROGRAMS, GRANTS LESS THAN $10,000 ARE APPROVED BY THE FOUNDATION'S EXECUTIVE DIRECTOR WHILE GRANTS ABOVE $10,000 REQUIRE APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS MONITOR THE USE OF GRANT FUNDS THROUGH DIRECT CONTACT WITH THE RECIPIENT ORGANIZATIONS. GRANTEES MUST USE THE GRANT FUNDING SOLELY FOR THE INTENDED PURPOSE OUTLINED IN THE GRANT APPLICATION AND ANY FUNDS NOT USED FOR THE INTENDED PURPOSE MUST BE RETURNED TO THE FOUNDATION. IN ADDITION, THE GRANTEES MUST PROVIDE AT THE END OF THE GRANT CYCLE AN IMPACT STATEMENT TO THE IRONMAN FOUNDATION. THE IMPACT STATEMENT PROVIDES INFORMATION ON THE SPECIFIC IMPACT THE FUNDING MADE TO THE COMMUNITY. PART I, LINE 3: THE FOUNDATION USES ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE THE UNITED STATES. PART III ACCOUNTING METHOD: 1 DANIEL SAYRE MEMORIAL FOUNDATION INC PO BOX 1285 KAILUAKONA HI 967451285 261097159 501(C)(3) 33500 N/A N/A SUPPORT SPECIFIC CHARITABLE PROGRAMS FUNDACION BUENA VIBRA B5 CALLE TABONUCO SUITE 216 PMB 261 GUYANABO PUERTO RICO PR 00968 660820498 501(C)(4) 30000 N/A N/A SUPPORT SPECIFIC CHARITABLE PROGRAMS MUSIC CITY INC FOUNDATION ONE PLACE 150 FOURTH AVENUE N SUITE G-250 NASHVILLE TN 37405 342064764 501(C)(3) 10000 N/A N/A SUPPORT SPECIFIC CHARITABLE PROGRAMS KIK KA EAIKAHELELANI INC 78-6910 PALEKANA RD HOLUALOA HI 96740 824688709 501(C)(3) 10000 N/A N/A SUPPORT SPECIFIC CHARITABLE PROGRAMS LAIOPUA 2020 PO BOX 1764 KAILUA KONA HI 96740 562638917 501(C)(3) 10000 N/A N/A SUPPORT SPECIFIC CHARITABLE PROGRAMS 4 1 PART I, LINE 2: THE FOUNDATION OFFERS TWO GRANT PROGRAMS. THE VOLUNTEERISM GRANT PROGRAM PROVIDES DONATIONS TO ORGANIZATIONS THAT HAVE A VOLUNTEERISM COMPONENT TO THEIR ORGANIZATION. GRANTS TYPICALLY RANGE FROM $100 TO $5,000. EACH ORGANIZATION HAS THE ABILITY TO APPLY FOR THESE GRANTS THROUGH AN APPLICATION PROCESS ON THE FOUNDATION'S WEBSITE ANNUALLY. THE SECOND GRANT PROGRAM IS THE COMMUNITY GRANT PROGRAM. THIS PROGRAM OFFERS LARGER DONATIONS TO NON-EXEMPT ORGANIZATIONS IN AN EFFORT TO MAKE AN IMPACT WITHIN THE COMMUNITY OF THE RESPECTIVE NON-EXEMPT ORGANIZATION. THESE GRANTS TYPICALLY RANGE FROM $1,000 TO $40,000. NON-EXEMPT ORGANIZATIONS HAVE THE ABILITY TO APPLY FOR THESE GRANTS THROUGH AN APPLICATION PROCESS ON THE FOUNDATION'S WEBSITE ANNUALLY. FOR BOTH PROGRAMS, GRANTS LESS THAN $10,000 ARE APPROVED BY THE FOUNDATION'S EXECUTIVE DIRECTOR WHILE GRANTS ABOVE $10,000 REQUIRE APPROVAL BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS MONITOR THE USE OF GRANT FUNDS THROUGH DIRECT CONTACT WITH THE RECIPIENT ORGANIZATIONS. GRANTEES MUST USE THE GRANT FUNDING SOLELY FOR THE INTENDED PURPOSE OUTLINED IN THE GRANT APPLICATION AND ANY FUNDS NOT USED FOR THE INTENDED PURPOSE MUST BE RETURNED TO THE FOUNDATION. IN ADDITION, THE GRANTEES MUST PROVIDE AT THE END OF THE GRANT CYCLE AN IMPACT STATEMENT TO THE IRONMAN FOUNDATION. THE IMPACT STATEMENT PROVIDES INFORMATION ON THE SPECIFIC IMPACT THE FUNDING MADE TO THE COMMUNITY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE FOUNDATION IS WORLD TRIATHLON CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER APPOINTS THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER IS SPECIFICALLY GRANTED THE POWER TO EXERCISE THE FOLLOWING: 1) ELECT AND REMOVE THE FOUNDATION'S BOARD OF DIRECTORS 2) TO APPROVE AMENDMENTS OF THE FOUNDATION'S ARTICLES OF INCORPORATION AND BYLAWS 3) TO APPROVE ALL EXTRAORDINARY TRANSACTIONS OF THE FOUNDATION, INCLUDING WITHOUT LIMITATION, ANY PLANS OF MERGER OF THE FOUNDATION, SALES, LEASES, EXCHANGES, OR OTHER DISPOSITIONS OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY OR ASSETS OF THE FOUNDATION, AND THE DISSOLUTION AND PLAN OF DISTRIBUTION OF THE FOUNDATION FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. AFTER A REVIEW BY THE MANAGEMENT OF THE FOUNDATION, THE BOARD OF DIRECTORS REVIEW OF THE RETURN BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, MEMBERS OF ANY COMMITTEES AND EXECUTIVE EMPLOYEES. EVERY COVERED PERSON ANNUALLY SIGNS A STATEMENT THAT AFFIRMS THAT HE OR SHE HAS RECEIVED A COPY OF THIS POLICY, HAS READ AND UNDERSTANDS IT, HAS AGREED TO COMPLY WITH IT, AND COMPLETES THE QUESTIONNAIRE DISCLOSING HIS OR HER ACTUAL AND POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. ALL DISCLOSURES INVOLVING A TRANSACTION OR ARRANGEMENT BEING CONSIDERED AT A MEETING OF THE BOARD OF DIRECTORS OR A COMMITTEE ARE MADE TO ALL MEMBERS PRESENT AT SUCH MEETING. THE BOARD OF DIRECTORS EVALUATES THE DISCLOSURES AND THE MATERIAL FACTS RELATING TO THE TRANSACTION OR ARRANGEMENT GIVING RISE TO THE POTENTIAL CONFLICT OF INTEREST TO DETERMINE WHETHER THEY INVOLVE ACTUAL CONFLICTS OF INTEREST. A COVERED PERSON WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST MAY NOT BE PRESENT FOR ANY PORTION OF A MEETING AT WHICH THE BOARD OF DIRECTORS OR A COMMITTEE IS VOTING TO DETERMINE WHETHER A CONFLICT EXISTS, BUT MAY BE PRESENT PRIOR TO THE VOTE TO MAKE A PRESENTATION TO THE BOARD OR COMMITTEE, TO DISCLOSE ADDITIONAL FACTS, OR TO RESPOND TO QUESTIONS. THE MINUTES OF THE MEETING DOCUMENT ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION'S BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING COMPARABILITY DATA. THE COMPENSATION SETTING PROCESS IS ALSO CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS TOOK PLACE IN 2018 FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. WORLD TRIATHLON CORPORATION 3407 W DR MLK JR BLVD SUITE 100 TAMPA FL 33607 IRONMAN EVENTS FL N/A C 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0