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← INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION

Form 990 for tax year 2022

Filed by INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION.

Totals

Total revenue
$27,052
Total expenses
$1,635,254
Contributions and grants received
$18,519
Grants paid
$0
Program service revenue
$0
Investment income
$8,533
Other revenue
$0
Total assets, end of year
$1,550,253
Total liabilities, end of year
$843,880
Net assets or fund balances, end of year
$706,373
Program services expenses (Part IX)
$1,619,591
Management and general expenses
$15,663
Fundraising expenses
$0
Program service expenses (Part III)
$1,619,591

Program services were 99.0% 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.

  • 1d · Related organizations

    $1,910

  • 1f · All other contributions, gifts and grants

    $16,609

  • 3 · Investment income

    total $8,533 · excluded $8,533

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 24a · Other expenses: PROF SERVICES & COACHIN

    total $1,619,591 · program services $1,619,591

  • 24b · Other expenses: OTHER OPERATING AND ADM

    total $5,663 · management and general $5,663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $324,450

  • 2 · Savings and temporary cash investments

    end of year $299,588

  • 3 · Pledges and grants receivable

    beginning of year $750,000 · end of year $500,000

  • 15 · Other assets

    beginning of year $1,250,665 · end of year $750,665

  • 17 · Accounts payable and accrued expenses

    end of year $822,665

  • 25 · Other liabilities

    beginning of year $10,475 · end of year $21,215

  • 27 · Net assets without donor restrictions

    beginning of year $2,314,640 · end of year $706,373

Mission and programs · 2022

Mission

SEE SCHEDULE O INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION (ISAF) RAISES FUNDS TO SUPPORT THE INSTITUTE FOR STUDENT ACHIEVEMENT (ISA), WHICH IS A PART OF EDUCATIONAL TESTING SERVICE, A SECTION 501(C)(3) PUBLIC CHARITY, THAT WANTS ALL STUDENTS, REGARDLESS OF ZIP CODE, TO GRADUATE BETTER PREPARED FOR POSTSECONDARY OPPORTUNITIES THAT PUT THEM ON THE PATHWAY TO REALIZING THEIR DREAMS.

Activities or mission (Part I)

SEE P.2, PART III: QUESTION 1

  • THE FOUNDATION RAISED FUNDS IN ORDER TO SUPPORT THE WOMEN OF COLOR EDUCATION COLLABORATIVE (WOCEC), A PROGRAM THAT SUPPORTS THE PROFESSIONAL DEVELOPMENT OF WOMEN OF COLOR. THE FOUNDATION ALSO SUPPORTED ACTIVITIES RELATED TO SOCIAL, EMOTIONAL, AND ACADEMIC DEVELOPMENT (SEAD) AT THE HIGH SCHOOL LEVEL.

    Expenses $1,619,591

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

Listed in Part VII

  • Ida Lawrence

    CHAIR

    Total calculated
    $668,877
    From this org
    $0
    From related orgs
    $620,686
    Other
    $48,191
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,663 related
    Bonus
    $0 + $193,125 related
    Other
    $0 + $85,898 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $20,741 related
    Filer's total
    $0 + $668,877 related

  • Stephanie Wood-Garnett

    PRESIDENT

    Total calculated
    $412,722
    From this org
    $0
    From related orgs
    $345,025
    Other
    $67,697
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,724 related
    Bonus
    $0 + $73,533 related
    Other
    $0 + $27,768 related
    Deferred
    $0 + $36,146 related
    Nontaxable benefits
    $0 + $31,551 related
    Filer's total
    $0 + $412,722 related

  • Dawn Budd

    TREASURER

    Total calculated
    $389,403
    From this org
    $0
    From related orgs
    $330,910
    Other
    $58,493
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,032 related
    Bonus
    $0 + $66,200 related
    Other
    $0 + $39,678 related
    Deferred
    $0 + $22,274 related
    Nontaxable benefits
    $0 + $36,219 related
    Filer's total
    $0 + $389,403 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
LINE 4B: OFFICERS AND DIRECTORS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER 457(F) WHICH WAS MAINTAINED BY A RELATED ORGANIZATION. THE NON-VESTED PORTION OF EACH PERSON'S DEFERRED COMPENSATION IS REPORTED IN COLUMN C. THE VESTED PORTION OF EACH PERSON'S DEFERRED COMPENSATION IS REPORTED IN COLUMNS B & F.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • EDUCATIONAL TESTING SERVICE (ETS) GLOBAL BV

    C · EDUCATIONAL SERVICES · NL

  • PIPPLET SAS

    C · EDUCATIONAL SERVICES · FR

  • ETS EDUCATIONAL TESTING SERVICE CANADA INC

    C · EDUCATIONAL SERVICES · CA

  • ETS ASSESSMENTS (BEIJING) LTD

    C · EDUCATIONAL SERVICES · CH

  • EDUCATIONAL TESTING SERVICE INTERNATIONAL HOLDINGS LIMITED

    C · EDUCATIONAL SERVICES · EI

  • EDUSOFT LTD

    C · EDUCATIONAL SERVICES · EI

  • EDUCATIONAL TESTING SERVICE DOMESTIC HOLDINGS INC

    C · HOLDING COMPANY · DE

  • ETSQ HOLDINGS LLC

    C · HOLDING COMPANY · DE

  • QUESTAR ASSESSMENTS INC

    C · EDUCATIONAL SERVICES · MN

  • EDAGREE INC

    C · EDUCATIONAL SERVICES · DE

  • ETS INTERNATIONAL BV

    C · HOLDING COMPANY · NL

  • ETS JAPAN

    C · EDUCATIONAL SERVICES · JA

  • ETS INDIA PRIVATE LIMITED

    C · EDUCATIONAL SERVICES · IN

  • ETS ASSESSMENT SERVICES PRIVATE LIMITED

    C · EDUCATIONAL SERVICES · IN

  • ETS INTERNATIONAL UK LTD

    C · EDUCATIONAL SERVICES · UK

  • VERICANT INTERNATIONAL HOLDINGS LTD

    C · HOLDING COMPANY · HK

  • VERICANT EDUCATION CONSULTING (BEIJING) LTD

    C · EDUCATIONAL SERVICES · CH

  • SHANGHAI YUPING EDUCATION TECHNOLOGY LTD

    C · EDUCATIONAL SERVICES · CH

  • KIRA TALENT INC (CANADA)

    C · EDUCATIONAL SERVICES · CA

  • KIRA TALENT INC (US)

    C · EDUCATIONAL SERVICES · DE

  • ETS MENA FZ-LLC

    C · EDUCATIONAL SERVICES · AE

  • INTEGRATED LEARNING SOLUTION PRIVATE LIMITED

    C · EDUCATIONAL SERVICES · IN

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349303933

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