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Nonprofiteer
← JOYCE IVY FOUNDATION

Form 990 for tax year 2022

Filed by JOYCE IVY FOUNDATION.

Totals

Total revenue
$470,418
Total expenses
$487,548
Contributions and grants received
$458,973
Grants paid
$187,392
Program service revenue
$0
Investment income
$11,445
Other revenue
$0
Total assets, end of year
$311,962
Total liabilities, end of year
$4,643
Net assets or fund balances, end of year
$307,319
Program services expenses (Part IX)
$261,421
Management and general expenses
$46,269
Fundraising expenses
$179,858
Program service expenses (Part III)
$261,421

Program services were 53.6% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $458,973

  • 1g · Noncash contributions included above

    $248,780

  • 3 · Investment income

    total $11,837 · excluded $11,837

  • 7a · Gross sales of assets other than inventory

    securities $248,388

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

    securities $248,780

  • 7c · Gain or loss

    securities -$392

  • 7d · Net gain or loss

    total -$392 · excluded -$392

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $187,392 · program services $187,392

  • 7 · Other salaries and wages

    total $172,544 · program services $45,950 · management and general $9,190 · fundraising $117,404

  • 8 · Pension plan contributions

    total $5,176 · management and general $5,176

  • 10 · Payroll taxes

    total $13,791 · program services $13,791

  • 11c · Fees: accounting

    total $19,031 · management and general $19,031

  • 11g · Fees: other

    total $1,158 · management and general $1,158

  • 12 · Advertising and promotion

    total $3,750 · management and general $3,750

  • 13 · Office expenses

    total $33,860 · program services $6,337 · management and general $6,503 · fundraising $21,020

  • 16 · Occupancy

    total $39,327 · program services $640 · fundraising $38,687

  • 17 · Travel

    total $6,308 · program services $3,561 · fundraising $2,747

  • 23 · Insurance

    total $1,461 · management and general $1,461

  • 24a · Other expenses: COLLEGE BOARD & ACT FEES

    total $3,194 · program services $3,194

  • 24b · Other expenses: COLLEGE BOARD & ACT FEES

    total $556 · program services $556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,742 · end of year $14,722

  • 2 · Savings and temporary cash investments

    beginning of year $111,603 · end of year $90,182

  • 11 · Investments: publicly traded securities

    beginning of year $162,067 · end of year $207,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $724 · end of year $4,643

  • 27 · Net assets without donor restrictions

    beginning of year $313,688 · end of year $307,319

Mission and programs · 2022

Mission

THE JOYCE IVY FOUNDATION (JIF) WAS ESTABLISHED TO PROVIDE EXPOSURE, ENCOURAGEMENT, COUNSEL, FINANCIAL ASSISTANCE AND EMPLOYMENT SUPPORT TO YOUNG WOMEN WHO HAVE THE ACADEMIC, INTELLECTUAL, AND LEADERSHIP POTENTIAL TO ATTEND THE NATION'S MOST SELECTIVE INSTITUTIONS OF HIGHER EDUCATION. JIF HAS A PROGRAM OF PARTNERING WITH LEADING PRESTIGIOUS UNIVERSITIES TO PROVIDE MATCHING GRANTS AND OTHER SCHOLARSHIPS FOR SUMMER PROGRAMS TO THE SCHOLARS.

  • SCHOLARSHIPS WERE AWARDED TO 86 YOUNG WOMEN TO ATTEND SUMMER PROGRAMS AT LEADING INSTITUTIONS OF HIGHER EDUCATION (BARNARD UNIVERSITY, BROWN UNIVERSITY, HARVARD UNIVERSITY, JOHNS HOPKINS UNIVERSITY, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, SMITH, GEORGETOWN, SPELMAN AND YALE UNIVERSITY). GRANTS INCLUDED FUNDS FOR TUITION, ROOM, BOARD, TRAVEL AND SUNDRY EXPENSES. THE FOUNDATION ALSO HELPED ARRANGE ADDITIONAL FINANCIAL AID OF APPROXIMATELY 176,551 FOR ITS SCHOLARS.

    Expenses $251,421 · Grants $187,392

  • THE FOUNDATION HELD A SERIES OF FREE VIRTUAL AND IN PERSON PROGRAMMING FOR OUR SCHOLARS AND INTERESTED PARTIES. WE CONDUCTED 5 VIRTUAL PROGRAMS PRIOR TO AUGUST 2023, ON TOPICS RANGING FROM FINANCING YOUR EDUCATION TO FORMING YOUR COLLEGE LIST, PREPARING FOR YOUR SUMMER PROGRAM AND ADVOCATING FOR YOURSELF IN THE COLLEGE APPLICATION PROCESS. IN MAY 2023, THE FOUNDATION HELD A FREE TWO-DAY COLLEGE ADMISSIONS SYMPOSIUM FOR EDUCATORS, PARENTS AND STUDENTS IN SOUTHEAST MICHIGAN. WORKSHOP TOPICS WERE SIMILAR TO THE VIRTUAL SESSIONS OFFERED EARLIER IN THE YEAR AND ALSO FEATURED CASE STUDIES AND STUDENT PANELS. IN ALL, THE FOUNDATION EVENTS DREW OVER 300 PARTICIPANTS AND CONSISTENTLY RECEIVED RAVE REVIEWS.

    Expenses $10,000

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

Listed in Part VII

  • BRITTANY KNIGHT

    EXECUTIVE DI

    Total calculated
    $91,900
    From this org
    $91,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • GREG LEWIS

    DIRECTOR

    Total calculated
    $0

  • AUDREY DIMARZO

    SECRETARY

    Total calculated
    $0

  • S CAROLINE KERR

    CO VC OF TH

    Total calculated
    $0

  • VALERIE BRADER

    CHAIR OF THE

    Total calculated
    $0

  • MIKE PRITULA

    DIRECTOR

    Total calculated
    $0

  • EMILY TAYLOR

    DIRECTOR

    Total calculated
    $0

  • ERICH BAGEN

    DIRECTOR

    Total calculated
    $0

  • FRED BLANCK

    DIRECTOR

    Total calculated
    $0

  • JASMYN SAMAROO

    DIRECTOR

    Total calculated
    $0

  • BRET SILVER

    DIRECTOR

    Total calculated
    $0

  • ALLYSON CARPENTER

    DIRECTOR

    Total calculated
    $0

  • ERICA CAMERON

    DIRECTOR AND

    Total calculated
    $0

  • TIFFANY TAYLOR

    DIRECTOR AND

    Total calculated
    $0

  • NADIA SCHREIBER

    OFFICER

    Total calculated
    $80,644
    From this org
    $80,644
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
29 January 2024
IRS schema version
2022v5.0
Source object
202430389349300033

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