Skip to content
Nonprofiteer
← IBIS GROUP

Form 990 for tax year 2023

Filed by IBIS GROUP.

Totals

Total revenue
$2,117,460
Total expenses
$10,408,928
Contributions and grants received
$0
Grants paid
$9,320,483
Program service revenue
$0
Investment income
$2,117,460
Other revenue
$0
Total assets, end of year
$111,108,727
Total liabilities, end of year
$3,787,964
Net assets or fund balances, end of year
$107,320,763
Program services expenses (Part IX)
$9,840,533
Management and general expenses
$568,395
Fundraising expenses
$0
Program service expenses (Part III)
$9,840,533

Program services were 94.5% 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.

  • 3 · Investment income

    total $2,117,460 · excluded $2,117,460

  • 10a · Gross sales of inventory

    $4,917,042

  • 10b · Cost of goods sold

    $4,917,042

  • 10c · Net income from sales of inventory

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,320,483 · program services $9,320,483

  • 5 · Compensation of officers, directors and key employees

    total $88,000 · program services $88,000

  • 11b · Fees: legal

    total $278,419 · management and general $278,419

  • 11c · Fees: accounting

    total $145,670 · management and general $145,670

  • 11g · Fees: other

    total $376,369 · program services $329,426 · management and general $46,943

  • 13 · Office expenses

    total $3,909 · program services $14 · management and general $3,895

  • 14 · Information technology

    total $47,026 · management and general $47,026

  • 17 · Travel

    total $103,262 · program services $96,031 · management and general $7,231

  • 19 · Conferences, conventions and meetings

    total $11,922 · program services $2,622 · management and general $9,300

  • 23 · Insurance

    total $28,244 · management and general $28,244

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $3,957 · program services $3,957

  • 24b · Other expenses: OTHER EXPENSES

    total $1,667 · management and general $1,667

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,580,306 · end of year $352,924

  • 2 · Savings and temporary cash investments

    beginning of year $46,019,347 · end of year $42,656,089

  • 9 · Prepaid expenses and deferred charges

    end of year $25,236

  • 12 · Investments: other securities

    beginning of year $96,605,935 · end of year $68,074,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,898 · end of year $57,966

  • 18 · Grants payable

    beginning of year $550,000 · end of year $3,710,000

  • 25 · Other liabilities

    beginning of year $405,003 · end of year $19,998

  • 27 · Net assets without donor restrictions

    beginning of year $144,143,687 · end of year $107,320,763

Mission and programs · 2023

Mission

TO IMPROVE LITERACY FOR CHILDREN AND ADULTS WITH A FOCUS ON SUPPORTING THOSE WITH DYSLEXIA.

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 $9,840,533 · Grants $9,320,483

As filed on the 2023 return.

Listed in Part VII

  • Chi Kim

    TRUSTEE, CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Maria Neira

    TRUSTEE, SECRETARY

    Total calculated
    $73,750
    From this org
    $0
    From related orgs
    $73,750
    Other
    $0
    Hours/week
    10 + 20 related

  • Jason Griffiths

    TRUSTEE, EXECUTIVE DIRECTOR

    Total calculated
    $704,667
    From this org
    $88,000
    From related orgs
    $616,667
    Other
    $0
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $88,000 + $616,667 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $88,000 + $616,667 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
    $2,875,670
    From this org
    $0
    From related orgs
    $2,827,957
    Other
    $47,713
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $712,434 related
    Bonus
    $0 + $2,082,075 related
    Other
    $0 + $33,448 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $31,213 related
    Filer's total
    $0 + $2,875,670 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-FIVE 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 · 75% owned · share of income $157,780,478 · share of assets $186,988,163 · controlled entity

    Directly controlled by GREAT MINDS

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433179349305383

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

The source document this was parsed from is served over the API, which is where bulk and document access live.