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Nonprofiteer
← INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC.

Totals

Total revenue
$5,497,159
Total expenses
$5,470,839
Contributions and grants received
$4,187,003
Grants paid
$4,512,151
Program service revenue
$938,302
Investment income
$365,757
Other revenue
$6,097
Total assets, end of year
$10,407,670
Total liabilities, end of year
$1,400,182
Net assets or fund balances, end of year
$9,007,488
Program services expenses (Part IX)
$4,840,269
Management and general expenses
$424,141
Fundraising expenses
$206,429
Program service expenses (Part III)
$4,840,269

Program services were 88.5% 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.

  • 1e · Government grants (contributions)

    $77,740

  • 1f · All other contributions, gifts and grants

    $4,109,263

  • 2a · Program service revenue: EMPLOYINDY SERVICE REV

    total $816,153 · related or exempt $816,153

  • 2b · Program service revenue: ESSER PROGRAM REVENUE

    total $122,149 · related or exempt $122,149

  • 3 · Investment income

    total $244,154 · excluded $244,154

  • 7a · Gross sales of assets other than inventory

    securities $940,056

  • 7b · Less cost or other basis and sales expenses

    securities $818,453

  • 7c · Gain or loss

    securities $121,603

  • 7d · Net gain or loss

    total $121,603 · excluded $121,603

  • 11a · Other revenue: LICENSE PLATE FEES

    total $3,731 · excluded $3,731

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $2,366 · excluded $2,366

  • 11e · Other revenue, total

    $6,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,390,751 · program services $4,390,751

  • 2 · Grants to domestic individuals

    total $121,400 · program services $121,400

  • 5 · Compensation of officers, directors and key employees

    total $235,178 · program services $96,423 · management and general $72,905 · fundraising $65,850

  • 7 · Other salaries and wages

    total $312,201 · program services $134,340 · management and general $93,107 · fundraising $84,754

  • 8 · Pension plan contributions

    total $9,465 · program services $3,881 · management and general $2,934 · fundraising $2,650

  • 9 · Other employee benefits

    total $28,957 · program services $11,872 · management and general $8,977 · fundraising $8,108

  • 10 · Payroll taxes

    total $38,045 · program services $15,598 · management and general $11,794 · fundraising $10,653

  • 11c · Fees: accounting

    total $73,705 · program services $25,060 · management and general $48,645

  • 11e · Fees: professional fundraising services

    total $12,188 · fundraising $12,188

  • 11f · Fees: investment management

    total $30,747 · management and general $30,747

  • 11g · Fees: other

    total $106,693 · program services $7,789 · management and general $97,380 · fundraising $1,524

  • 12 · Advertising and promotion

    total $16,351 · management and general $8,176 · fundraising $8,175

  • 13 · Office expenses

    total $8,761 · program services $1,183 · management and general $2,501 · fundraising $5,077

  • 14 · Information technology

    total $60,433 · program services $30,195 · management and general $30,167 · fundraising $71

  • 17 · Travel

    total $3,927 · management and general $1,964 · fundraising $1,963

  • 19 · Conferences, conventions and meetings

    total $2,967 · management and general $1,483 · fundraising $1,484

  • 23 · Insurance

    total $4,232 · program services $1,777 · management and general $1,270 · fundraising $1,185

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $10,677 · management and general $10,677

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $4,161 · management and general $1,414 · fundraising $2,747

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,463,465 · end of year $2,395,534

  • 3 · Pledges and grants receivable

    beginning of year $3,143,040 · end of year $3,236,329

  • 4 · Accounts receivable

    beginning of year $203,716 · end of year $174,132

  • 9 · Prepaid expenses and deferred charges

    beginning of year $395 · end of year $4,560

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,831,162 · end of year $4,143,363

  • 15 · Other assets

    beginning of year $427,375 · end of year $453,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,164 · end of year $316,206

  • 18 · Grants payable

    beginning of year $1,201,571 · end of year $1,083,976

  • 27 · Net assets without donor restrictions

    beginning of year $1,796,143 · end of year $1,782,848

  • 28 · Net assets with donor restrictions

    beginning of year $6,954,275 · end of year $7,224,640

Mission and programs · 2023

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 RACIAL EQUITY AND FOSTERING STUDENT AND FAMILY ENGAGEMENT.

    Expenses $4,614,317 · Grants $4,301,619 · Revenue $938,302

  • 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 $95,515 · Grants $89,132

  • SCHOLARSHIPS TO IPS STUDENTS.

    Expenses $130,437 · Grants $121,400

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHANNIE BAILEY

    CEO

    Total calculated
    $232,232
    From this org
    $223,882
    From related orgs
    $0
    Other
    $8,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,882
    Bonus
    $20,000
    Other
    $0
    Deferred
    $6,755
    Nontaxable benefits
    $1,595
    Filer's total
    $232,232

  • KELLY RILEY

    CHIEF GROWTH OFFICER

    Total calculated
    $114,514
    From this org
    $104,176
    From related orgs
    $0
    Other
    $10,338
    Hours/week
    40

  • SHANEKA PEDERSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • JONATHAN COFFINGTON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY COLEMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • GINGER LIPPERT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DIANE ARNOLD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIRK BEVINGTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN DOWNING JR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AARON GILLUM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH LERCH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SHELLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349301681

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

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