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← IPA FOUNDATION

Form 990 for tax year 2022

Filed by IPA FOUNDATION.

Totals

Total revenue
$337,785
Total expenses
$301,558
Contributions and grants received
$336,908
Grants paid
$0
Program service revenue
$0
Investment income
$877
Other revenue
$0
Total assets, end of year
$141,285
Total liabilities, end of year
$4,733
Net assets or fund balances, end of year
$136,552
Program services expenses (Part IX)
$301,558
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$301,558

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $336,908

  • 3 · Investment income

    total $877 · excluded $877

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PROGRAM EXPENSE

    total $294,902 · program services $294,902

  • 24b · Other expenses: OFFICE/MAINTENANCE

    total $5,879 · program services $5,879

  • 24c · Other expenses: FEES/DUES

    total $777 · program services $777

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,325 · end of year $18,617

  • 2 · Savings and temporary cash investments

    end of year $120,877

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $1,791

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $4,733

  • 27 · Net assets without donor restrictions

    beginning of year $56,964 · end of year $45,568

  • 28 · Net assets with donor restrictions

    beginning of year $43,361 · end of year $90,984

Mission and programs · 2022

Mission

The mission of the IPA Foundation is to improve living conditions in Copan Ruinas Honduras or other foreign locations by improving access to education, health, and economic opportunities.

  • Adopt a dream is a project where we link individuals in the United States with a student needing sponsorship in Honduras so that they may continue their education past the 6th grade.

    Expenses $106,941

  • Construction projects are undertaken in Honduras to enhance living conditions, health, and education. Projects include but are not limited to; the construction of classrooms, repairing roofs, windows and fences, building kitchens, installing pilas and latrines, building bridges, and providing repairs in response to disaster relief.

    Expenses $70,888

  • Educational projects encourage students to stay in school and ultimately advance their economic conditions. Educational projects include providing a mobile library, providing classroom supplies, replacing books, supporting the public library, and providing scientific calculators to students.

    Expenses $50,012

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bernadette Halliday

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Peter Martin

    President

    Total calculated
    $0
    Hours/week
    30
  • Teak Martin

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Walt Guterbock

    Director

    Total calculated
    $0
    Hours/week
    1
  • Marty Pease

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Steve Gates

    Director

    Total calculated
    $0
    Hours/week
    0
  • Richard Sentner

    Director

    Total calculated
    $0
    Hours/week
    0
  • Tracy Delorm

    Director

    Total calculated
    $0
    Hours/week
    0
  • Mike Griffin

    Director

    Total calculated
    $0
    Hours/week
    2
  • Paul Grey

    Director

    Total calculated
    $0
    Hours/week
    0
  • Nancy Voelckers

    Director

    Total calculated
    $0
    Hours/week
    0
  • Mark Lascelles

    Director

    Total calculated
    $0
    Hours/week
    0
  • Lynda Routh

    Director

    Total calculated
    $0
    Hours/week
    0
  • Geline Cardwell

    Director

    Total calculated
    $0
    Hours/week
    0
  • Kelly Backstrom

    Director

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401289349303245

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