2018-11-15T15:29:06-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 201 N FRANKLIN ST SUITE 2500 TAMPA FL 33602 990 2017-01-01 651172979 THE IRONMAN FOUNDATION INC IRON 8138685940 3407 W DR MLK JR BLVD NO 100 TAMPA FL 33607 STEVE JOHNSTON PRESIDENT 8138685940 2018-11-13 1 KAREN GRIES P00078514 8133842700 67.137.57.251 2018-11-13 12:05:04 CS P 7C573EA794E54661D093FC45AEACE25987ECA875 018F859A7ADF71927D8CA29E6C090381BCC96D15 2017 2019-02-21 02:37:17Z STEVE JOHNSTON 3407 W DR MLK JR BLVD NO 100 TAMPA FL 33607 3562380 0 X HTTP://IRONMANFOUNDATION.ORG/ X 2003 FL TO LEAVE IRONMAN'S LEGACY THROUGH PHILANTHROPY, VOLUNTEERISM AND GRANT MAKING. 2 0 0 164 0 0 2413136 2752802 0 0 283021 344702 146378 -18757 2842535 3078747 1667321 1588250 0 0 351684 367588 0 0 394410 633778 599738 2652783 2555576 189752 523171 6094967 6865818 10999 91741 6083968 6774077 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 1891197 1588250 IRONMAN FOUNDATION PROVIDES A GRANT FUNDING PROGRAM TO SUPPORT NONPROFIT INITIATIVES IN COMMUNITIES THROUGH THE COMMUNITY FUND PROGRAM, A PARTICIPANT FUNDRAISING PROGRAM TO SUPPORT NONPROFIT ORGANIZATIONS, AND AN ANNUAL CHARITABLE AUCTION THAT SUPPORTS THE COMMUNITY FUND PROGRAM. 1891197 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 0 0 0 0 0 0 1 1 0 0 0 0 X 2 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 0 FL X X STEVE JOHNSTON PRESIDENT 8138685940 3407 W DR MLK JR BLVD NO 100 TAMPA FL 33607 STEVE JOHNSTON PRESIDENT 1.00 60.00 X X 0 0 0 DAVID DESCHENES EXECUTIVE DIRECTOR 60.00 10.00 X X 140067 50000 16908 140067 50000 16908 1 0 1 0 0 275390 49045 2428367 145085 2752802 308765 308765 420000 384063 35937 35937 35937 50412 275390 99570 -49158 -49158 ADMIN FEES 900099 19428 19428 TRI-ATHLETE KITS 900099 2289 2289 8684 8684 30401 3078747 0 0 325945 1405436 1405436 182814 182814 155683 46705 62273 46705 176722 53328 10622 112772 6016 2779 701 2536 4532 3068 670 794 24635 7337 4863 12435 1277 1277 12000 12000 30963 30963 48845 48845 247825 112086 58073 77666 29272 7698 5293 16281 1490 477 328 685 3359 1075 739 1545 74416 33487 18604 22325 538 538 6025 6025 EVENT EXPENSES 125001 28958 96043 DUES AND SUBSCRIPTIONS 5467 2734 2733 LICENSES AND PERMITS 3213 3213 10047 3215 2209 4623 2555576 1891197 269969 394410 219500 243067 75417 45286 17070 20243 15062 11206 5181 5779862 6301044 8982 254170 6094967 6865818 8374 42583 39000 2625 10158 10999 91741 X 6083968 6714912 59165 6083968 6774077 6094967 6865818 523171 166938 0 X 0 1 X 1 0 X 1905716 1830339 2924203 2520582 2752802 11933642 1905716 1830339 2924203 2520582 2752802 11933642 11933642 190525 264334 226573 257920 308765 1248117 42482 42482 146132 36640 26566 38932 30401 278671 13502912 0.88380 0.87800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE ADMINISTRATIVE FEES T-SHIRT SALES TRIATHLETE KITS 0 1 X 20243 15062 5181 5181 X 3296571 166938 2605 87928 257471 3039100 30963 8684 39647 3078747 2606462 2605 87928 90533 2515929 30963 8684 39647 2555576 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 2014 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 87,928. PART XI, LINE 4B - OTHER ADJUSTMENTS: HEALTH INSURANCE CREDIT 8,684. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 87,928. PART XII, LINE 4B - OTHER ADJUSTMENTS: HEALTH INSURANCE CREDIT 8,684. 1 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 181414 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 1400 0 0 0 0 0 0 182814 0 182814 NORTH AMERICA TO ASSIST IN CARRYING OUT THE EXEMPT PURPOSE 27205 CHECK 0 N/A N/A NORTH AMERICA TO ASSIST IN CARRYING OUT THE EXEMPT PURPOSE 50000 CHECK 0 N/A N/A 2 0 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. 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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. X X X 0 0 0 0 0 0 0 0 0 DAVID DESCHENES EXECUTIVE DIRECTOR 115067 0 25000 50000 0 0 6085 0 10823 0 156975 50000 0 0 X 1 123443 STOCK PRICE X AUCTION ITEMS 11 11642 FMV X KONA SLOTS 10 10000 FMV 0 0 0 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 2016 FOR THE EXECUTIVE DIRECTOR, DAVID DESCHENES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. 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