Form 990 for tax year 2024
Filed by INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $9,373,189
- Total expenses
- $5,282,356
- Contributions and grants received
- $8,297,234
- Grants paid
- $4,246,482
- Program service revenue
- $689,578
- Investment income
- $381,850
- Other revenue
- $4,527
- Total assets, end of year
- $14,025,427
- Total liabilities, end of year
- $729,648
- Net assets or fund balances, end of year
- $13,295,779
- Program services expenses (Part IX)
- $4,483,231
- Management and general expenses
- $463,244
- Fundraising expenses
- $335,881
- Program service expenses (Part III)
- $4,483,231
Program services were 84.9% 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.
-
1e · Government grants (contributions)
$14,500
-
1f · All other contributions, gifts and grants
$8,282,734
-
2a · Program service revenue: EMPLOYINDY
total $440,283 · related or exempt $440,283
-
2b · Program service revenue: IPS SUPPORT
total $192,445 · related or exempt $192,445
-
2c · Program service revenue: POSTSECONDARY READINES
total $56,850 · related or exempt $56,850
-
3 · Investment income
total $311,916 · excluded $311,916
-
7a · Gross sales of assets other than inventory
securities $518,604
-
7b · Less cost or other basis and sales expenses
securities $448,670
-
7c · Gain or loss
securities $69,934
-
7d · Net gain or loss
total $69,934 · excluded $69,934
-
11a · Other revenue: LICENSE PLATE FEES
total $3,769 · excluded $3,769
-
11b · Other revenue: MISCELLANEOUS INCOME
total $758 · excluded $758
-
11e · Other revenue, total
$4,527
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,104,297 · program services $4,104,297
-
2 · Grants to domestic individuals
total $142,185 · program services $142,185
-
5 · Compensation of officers, directors and key employees
total $241,495 · program services $55,544 · management and general $89,353 · fundraising $96,598
-
7 · Other salaries and wages
total $400,535 · program services $92,123 · management and general $148,198 · fundraising $160,214
-
8 · Pension plan contributions
total $11,722 · program services $2,696 · management and general $4,337 · fundraising $4,689
-
9 · Other employee benefits
total $38,593 · program services $8,877 · management and general $14,279 · fundraising $15,437
-
10 · Payroll taxes
total $44,754 · program services $10,293 · management and general $16,559 · fundraising $17,902
-
11b · Fees: legal
total $12,293 · program services $5,532 · management and general $6,761
-
11c · Fees: accounting
total $78,600 · program services $25,938 · management and general $52,662
-
11e · Fees: professional fundraising services
total $15,000 · fundraising $15,000
-
11f · Fees: investment management
total $31,963 · management and general $31,963
-
11g · Fees: other
total $84,726 · program services $12,921 · management and general $61,818 · fundraising $9,987
-
12 · Advertising and promotion
total $10,385 · management and general $5,192 · fundraising $5,193
-
13 · Office expenses
total $10,457 · management and general $5,229 · fundraising $5,228
-
14 · Information technology
total $42,766 · program services $21,383 · management and general $21,383
-
17 · Travel
total $104 · management and general $52 · fundraising $52
-
19 · Conferences, conventions and meetings
total $1,901 · management and general $951 · fundraising $950
-
23 · Insurance
total $4,639 · program services $1,442 · management and general $1,550 · fundraising $1,647
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $4,454 · management and general $1,470 · fundraising $2,984
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $1,487 · management and general $1,487
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,395,534 · end of year $4,040,369
-
3 · Pledges and grants receivable
beginning of year $3,236,329 · end of year $4,820,571
-
4 · Accounts receivable
beginning of year $174,132 · end of year $251,105
-
9 · Prepaid expenses and deferred charges
beginning of year $4,560 · end of year $10,809
-
11 · Investments: publicly traded securities
beginning of year $4,143,363 · end of year $4,424,062
-
15 · Other assets
beginning of year $453,752 · end of year $478,511
-
17 · Accounts payable and accrued expenses
beginning of year $316,206 · end of year $318,445
-
18 · Grants payable
beginning of year $1,083,976 · end of year $411,203
-
27 · Net assets without donor restrictions
beginning of year $1,782,848 · end of year $1,728,737
-
28 · Net assets with donor restrictions
beginning of year $7,224,640 · end of year $11,567,042
Mission and programs · 2024
Mission
THE INDIANAPOLIS PUBLIC SCHOOLS FOUNDATION IS AN INDEPENDENT NON-PROFIT THAT SECURES PHILANTHROPIC SUPPORT TO ADVANCE THE STRATEGIC PRIORITIES OF THE INDIANAPOLIS PUBLIC SCHOOLS. WE SUPPORT IPS LEADERSHIP TO DEFINE PRIORITIES FOR PRIVATE INVESTMENT AND WORKS CLOSELY WITH COMMUNITY LEADERS AND PHILANTHROPIC CHAMPIONS TO RAISE MISSION-CRITICAL FUNDING THAT ENABLES IPS TO ACCELERATE PROGRESS.
Activities or mission (Part I)
THE INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION ("IPSEF") SERVES INDIANA PUBLIC SCHOOL ("IPS") STUDENTS BY SECURING RESOURCES TO ENSURE THE HIGHEST QUALITY EDUCATION EXPERIENCE POSSIBLE.
-
DISTRICT SUPPORT:GRANTS TO IPS FOR DISTRICT SUPPORT COVER A RANGE OF INVESTMENTS THAT SUPPORT THE STRATEGIC PRIORITIES OF THE DISTRICT IN ORDER TO ADVANCE ACADEMIC ACHIEVEMENT INCLUDING, BUT NOT LIMITED TO, ENSURING ACCESS TO RIGOROUS CURRICULUM, PROMOTING STUDENT ACCESS AND OPPORTUNITY AND FOSTERING STUDENT AND FAMILY ENGAGEMENT.
Expenses $4,208,888 · Grants $3,986,084 · Revenue $689,578
-
IPS SCHOOL BASED GRANTS:SCHOOL BASED GRANTS PROVIDE THE OPPORTUNITY FOR TEACHERS AND ADMINISTRATORS TO APPLY FOR FINANCIAL SUPPORT TO CLOSE RESOURCE GAPS AND ENSURE SCHOOLS HAVE CLASSROOM SUPPLIES, PROGRAMMATIC MATERIALS AND EVEN BASIC NEEDS FOR STUDENT LEARNING.
Expenses $126,124 · Grants $119,713
-
SCHOLARSHIPS TO IPS STUDENTS.
Expenses $148,219 · Grants $140,685
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephannie BaileySTEPHANNIE BAILEY
CEO
- Total calculated
- $238,276
- From this org
- $231,310
- From related orgs
- $0
- Other
- $6,966
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,310
- Bonus
- $20,000
- Other
- $0
- Deferred
- $6,939
- Nontaxable benefits
- $27
- Filer's total
- $238,276
-
Kelly RileyKELLY RILEY
CHIEF GROWTH OFFICER
- Total calculated
- $139,932
- From this org
- $120,974
- From related orgs
- $0
- Other
- $18,958
- Hours/week
- 40
-
Aisha GoensAISHA GOENS
CHIEF OPERATING OFFICER
- Total calculated
- $126,477
- From this org
- $115,866
- From related orgs
- $0
- Other
- $10,611
- Hours/week
- 40
-
Jonathan CoffingtonJONATHAN COFFINGTON
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Ginger LippertGINGER LIPPERT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Kevin ShelleyKEVIN SHELLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Timothy ColemanTIMOTHY COLEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Kirk BevingtonKIRK BEVINGTON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Downing JrSTEPHEN DOWNING JR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron GillumAARON GILLUM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth LerchELIZABETH LERCH
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shaneka PedersenSHANEKA PEDERSEN
MEMBER
- Total calculated
- $0
- Hours/week
- 3
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Approval by the board or compensation committee
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 BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE CEO ON AN ANNUAL BASIS AND DETERMINES WHETHER THE APPROPRIATE COMPENSATION LEVEL IS SET BASED ON PERFORMANCE WITH OTHER NON-PROFIT ORGANIZATION.
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
-
INDIANAPOLIS PUBLIC SCHOOLS
$4,104,297
EDUCATIONAL ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349307613
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