Form 990 for tax year 2022

Totals

Total revenue

$17,286,604

Total expenses

$8,949,942

Contributions and grants received

$17,251,080

Grants paid

$1,931,551

Program service revenue

$0

Investment income

$11,577

Other revenue

$23,947

Total assets, end of year

$26,473,741

Total liabilities, end of year

$2,951,170

Net assets or fund balances, end of year

$23,522,571

Program services expenses (Part IX)

$7,478,129

Management and general expenses

$1,471,813

Fundraising expenses

$0

Program service expenses (Part III)

$7,478,129

Program services were 83.6% 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.

Mission and programs · 2022

• THE I PROMISE SCHOOL: LEBRON'S MISSION TO RAISE GRADUATION RATES IN HIS HOMETOWN OF AKRON, OHIO, HAS EVOLVED INTO A MOVEMENT THAT IS REDEFINING WHAT FAMILY AND COMMUNITY LOOKS LIKE. AFTER A DECADE OF LEARNING AND LISTENING TO THE STUDENTS AND FAMILIES IT SERVES, THE FOUNDATION'S "WE ARE FAMILY" PHILOSOPHY MANIFESTED IN THE OPENING OF THE I PROMISE SCHOOL IN 2018 THAT PRIORITIZES SOCIAL EMOTIONAL LEARNING AND LEADING WITH LOVE ALONGSIDE A STEM-BASED CURRICULUM. AS PART OF ITS GROUNDBREAKING MODEL FOR PUBLIC SCHOOLS, IPS MAINTAINS A FULL-TIME, ON-SITE FAMILY RESOURCE CENTER THAT PROVIDES WIDE-RANGING SERVICES FOR ALL STUDENTS AND FAMILY MEMBERS INCLUDING LEGAL AID, MEDICAL CARE, GED CLASSES, FINANCIAL LITERACY PROGRAMMING, JOB & FAMILY SERVICES, AND A FULL-TIME FOOD AND ESSENTIALS PANTRY. IN ADDITION, THE FOUNDATION OFFSETS THE COSTS OF ADDITIONAL STAFF TO RUN THE FAMILY TRAINING CENTER THAT SERVES AS A TOOL FOR IMPLEMENTING SEL SUPPORTS AND REPLACES EXPULSION OR SUSPENSION THAT HELPS THE STUDENTS GET BACK IN THE CLASSROOM SAFELY AND SUCCESSFULLY AS WELL AS THE COST OF ADDITIONAL EDUCATORS TO KEEP CLASS SIZE AND STUDENT TO TEACHER RATIOS LOW FOR A MORE EFFICIENT LEARNING ENVIRONMENT. IN AN EFFORT TO SUPPORT THE IPS EDUCATORS DURING THIS HARD WORK, THE FOUNDATION REGULARLY COVERS THE COST OF CLASSROOM AND PROJECT SUPPLIES AND PROVIDES ADDITIONAL RESOURCES FOR TEACHERS TO PRIORITIZE THEIR WELL-BEING AS THEY POUR SO MUCH INTO THEIR STUDENTS. THE FOUNDATION IS ALWAYS LOOKING FOR NEW WAYS TO SUPPORT THE IMPORTANT WORK BEING DONE AT IPS.

  Expenses $4,200,396 · Grants $1,931,551

• OTHER I PROMISE INITIATIVES: THE CORE I PROMISE PROGRAMMING OFFERED TO ALL I PROMISE STUDENTS AND THEIR FAMILIES EXTENDS INTO HIGH SCHOOL AND THROUGH COLLEGE WITH THE I PROMISE NETWORK AND BEYOND. SUPPORTS FOR OUR OLDEST STUDENTS INCLUDE THE I PROMISE INSTITUTE SPACE LJFF FUNDS AND MAINTAINS WITH ALL THE RESOURCES AND SPECIFIC PROGRAMMING THEY NEED TO BE SUCCESSFUL ON CAMPUS AS WELL AS OTHER COSTS OF GOING TO COLLEGE AND EXPERIENCES PROVIDED TO HELP PREPARE THEM ALONG THE WAY. THE FOUNDATION ALSO PROVIDES A MENTORING/COMMUNITY SERVICE OPPORTUNITY FOR HIGH SCHOOL STUDENTS TO SERVE AS AN EXTENSION OF LEBRON TO THE STUDENTS IN THE I PROMISE PROGRAM THROUGH THE 330 AMBASSADOR PROGRAM. LJFF SUPPORT FURTHER EXTENDS TO I PROMISE PARENTS THROUGH THE I PROMISE TOO PROGRAM THAT HELPS THEM EARN THEIR GED AND PREPARE FOR THEIR NEXT LIFE CHAPTER. THE FOUNDATION ALSO CONTINUES TO SUPPORT OTHER EFFORTS IMPORTANT TO OUR WORK TO UPLIFT LEBRON'S HOMETOWN. THIS INCLUDES THE FOUNDATION'S ANNUAL WE ARE FAMILY REUNION AT CEDAR POINT THAT IS DESIGNED TO PROVIDE A DAY OF FUN FOR STUDENTS AND FAMILIES AHEAD OF THE NEW SCHOOL YEAR. THIS ALSO INCLUDES THE JAMES FAMILY'S REGULAR CONTRIBUTIONS TO THEIR COMMUNITY THROUGH SAVANNAH JAMES' I PROMISE MAKEOVER INITIATIVE THAT AIMS TO EMPOWER UNDERPRIVILEGED GIRLS FROM AKRON AREA HIGH SCHOOLS BY HELPING THEM PREPARE FOR PROM WITH DRESSES, ACCESSORIES, AND WORDS OF ENCOURAGEMENT AND SELF-CONFIDENCE. ADDITIONALLY, THE FOUNDATION CONITNUED SUPPORTING LEBRON'S ALMA MATER, ST. VINCENT ST. MARY HIGH SCHOOL, IN AKRON, OHIO THROUGH ITS COMMITMENT TO EDUCATION AND CO-CURRICULAR EDUCATIONAL INITIATIVES. THE FOUNDATION PLANS TO CONTINUE TO SUPPORT THESE AND OTHER PARALLEL PROGRAMS THAT UPLIFT AND POSITIVELY IMPACT ITS COMMUNITY YEAR-ROUND.

  Expenses $2,638,296

• I PROMISE VILLAGE: BUILDING ON THE WRAPAROUND SUPPORTS OFFERED TO ITS STUDENTS AND FAMILIES, IN 2019 THE FOUNDATION OPENED THE I PROMISE VILLAGE THAT SERVES AS TRANSITIONAL HOUSING FOR ALL STUDENTS IN IMMEDIATE NEED OF SAFE AND STABLE HOUSING. AT THE VILLAGE, FAMILIES LIVE RENT-FREE AND FAMILY-FIRST WITH ACCESS TO RESOURCES AND SKILL-BUILDING PROGRAMMING TO HELP THEM PREPARE FOR THEIR NEXT PHASE. PROGRAMMING OFFERED FOR FAMILIES LIVING IN THE VILLAGE INCLUDE FAMILY MEALS, ON-SITE TUTORING FOR STUDENTS, YOGA AND PIANO CLASSES, HOLIDAY AND BIRTHDAY CELEBRATIONS, AND ACCESS TO JOB, HOUSING, AND FINANCIAL PLANNING PROGRAMMING. AS WE CONTINUE TO LISTEN AND LEARN FROM WHAT OUR FAMILIES NEED, WE CONTINUE TO LAYER IN ADDITIONAL SUPPORTS.

  Expenses $639,437

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

Listed in Part VII

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

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

• SMITHSONIAN INSTITUTION

  $300,000

  GENERAL

• AKRON PUBLIC SCHOOLS

  $0

  PROGRAMS/SERVICES FOR AKRON I PROMISE STUDENTS

• THE OHIO TIGERS PREMIEIR FOOTBALL ACADEMY

  $0

  AKRON SOUTH RANGERS PEE WEE FOOTBALL GEAR

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.

Provenance

Return type

form_990

Tax year

2022

Filed

15 November 2023

IRS schema version

2022v5.0

Source object

202343199349316104

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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