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Nonprofiteer
← IBIS GROUP

Form 990 for tax year 2024

Filed by IBIS GROUP.

Totals

Total revenue
$2,077,213
Total expenses
$13,884,670
Contributions and grants received
$69
Grants paid
$11,666,476
Program service revenue
$0
Investment income
$2,074,144
Other revenue
$3,000
Total assets, end of year
$78,214,832
Total liabilities, end of year
$5,994,355
Net assets or fund balances, end of year
$72,220,477
Program services expenses (Part IX)
$13,249,240
Management and general expenses
$635,430
Fundraising expenses
$0
Program service expenses (Part III)
$13,249,240

Program services were 95.4% 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

    $69

  • 3 · Investment income

    total $2,074,144 · excluded $2,074,144

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $3,000 · excluded $3,000

  • 11e · Other revenue, total

    $3,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,666,376 · program services $11,666,376

  • 2 · Grants to domestic individuals

    total $100 · program services $100

  • 11b · Fees: legal

    total $181,205 · management and general $181,205

  • 11c · Fees: accounting

    total $205,931 · management and general $205,931

  • 11g · Fees: other

    total $1,616,567 · program services $1,495,967 · management and general $120,600

  • 12 · Advertising and promotion

    total $25,000 · program services $25,000

  • 13 · Office expenses

    total $5,718 · program services $23 · management and general $5,695

  • 14 · Information technology

    total $35,462 · management and general $35,462

  • 17 · Travel

    total $81,302 · program services $42,972 · management and general $38,330

  • 19 · Conferences, conventions and meetings

    total $24,040 · program services $18,802 · management and general $5,238

  • 20 · Interest

    total $3,478 · management and general $3,478

  • 23 · Insurance

    total $39,491 · management and general $39,491

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $352,924 · end of year $128,515

  • 2 · Savings and temporary cash investments

    beginning of year $42,656,089 · end of year $33,156,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,236 · end of year $148,579

  • 12 · Investments: other securities

    beginning of year $68,074,478 · end of year $44,781,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,966 · end of year $96,953

  • 18 · Grants payable

    beginning of year $3,710,000 · end of year $5,890,000

  • 25 · Other liabilities

    beginning of year $19,998 · end of year $7,402

  • 27 · Net assets without donor restrictions

    beginning of year $107,320,763 · end of year $72,220,477

Mission and programs · 2024

Mission

EMPOWER STUDENTS WITH THE KNOWLEDGE AND SKILLS TO BECOME LITERATE, ENGAGED, AND CONTRIBUTING MEMBERS OF THEIR COMMUNITIES.

Activities or mission (Part I)

THE IBIS GROUP IS DEVOTED TO IMPROVING LITERACY FOR CHILDREN AND ADULTS WITH A FOCUS ON SUPPORTING THOSE WITH DYSLEXIA.

  • SUPPORT EDUCATION ASSESSMENT BY GRANT MAKING

    Expenses $13,249,240 · Grants $11,666,476

As filed on the 2024 return.

Listed in Part VII

  • Chi Kim

    TRUSTEE, CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Maria Neira

    TRUSTEE, SECRETARY

    Total calculated
    $122,801
    From this org
    $0
    From related orgs
    $122,801
    Other
    $0
    Hours/week
    10 + 20 related

  • Jason Griffiths

    TRUSTEE, EXECUTIVE DIRECTOR

    Total calculated
    $654,829
    From this org
    $186,600
    From related orgs
    $468,229
    Other
    $0
    Hours/week
    20 + 15 related

    Schedule J breakdown matched by us

    Base
    $186,600 + $468,229 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $186,600 + $468,229 related

  • James Tanton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sally Shaywitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Pianta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Teri Lawler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dawn Brooks De Costa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Longley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lynne Munson

    FORMER TRUSTEE/EXECUTIVE DIRECTOR

    Total calculated
    $2,372,430
    From this org
    $0
    From related orgs
    $2,316,153
    Other
    $56,277
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $749,588 related
    Bonus
    $0 + $1,543,185 related
    Other
    $0 + $23,380 related
    Deferred
    $0 + $19,700 related
    Nontaxable benefits
    $0 + $36,577 related
    Filer's total
    $0 + $2,372,430 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FORMER EXECUTIVE DIRECTOR IS NOT COMPENSATED BY THE ORGANIZATION FOR HER SERVICES. THE FORMER EXECUTIVE DIRECTOR IS COMPENSATED BY GREAT MINDS PBC, THE ORGANIZATION'S SEVENTY-FOUR POINT EIGHT NINE PERCENT OWNED SUBSIDIARY, FOR HER SERVICE AS ITS CHIEF EXECUTIVE OFFICER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GREAT MINDS PUBLIC BENEFIT CORPORATION

    C · EDUCATION SERVICES · DC · 74.89% owned · share of income $130,730,136 · share of assets $178,630,487 · controlled entity

    Directly controlled by GREAT MINDS

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202503129349301010

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