Ithaca Public Education Initiative Inc
- Assets
- $1.2m
- Revenue
- $191.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Ithaca, NY
- Founding
- 11/1997
- Data as of
- 06/2022
- EIN
- 16-1506703
Organization Overview
Ithaca Public Education Initiative Inc is located in Ithaca, NY. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca Public Education Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ithaca Public Education Initiative Inc generated $191.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $258.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ITHACA PUBLIC EDUCATION INTIATIVE FACILITATES COMMUNITY CONNECTIONS AND SUPPORT FOR STUDENTS AND TEACHERS OF THE ITHACA CITY SCHOOL DISTRICT THROUGH ENGAGEMENT, COLLABORATION, GIFTS AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS AND OTHER: TO ENCOURAGE AND REWARD INNOVATIVE TEACHING THROUGH TARGETED GRANTS FOR TEACHERS, STUDENTS AND COMMUNITY ORGANIZATIONS.
OUTDOOR GEAR PROGRAM: TO ENCOURAGE OUTDOOR EDUCATION AND ACTIVITY PARTICIPATION FOR STUDENTS.
KIDS DISCOVER THE TRAIL: CLASSES FROM PRE-KINDERGARTEN THROUGH GRADE 5 WILL EACH VISIT ONE OF THE EIGHT SITES ON THE DISCOVERY TRAIL, WHICH INCLUDES 7 MUSEUMS AND THE PUBLIC LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Manley Executive Director | Officer | 40 | $64,391 |
Joyce Putnam Vice President | OfficerTrustee | 1 | $0 |
Courtney Reinhart President | OfficerTrustee | 2 | $0 |
Walaa Maharem-Horan Treasurer | OfficerTrustee | 1 | $0 |
Shivaun Archer Secretary | OfficerTrustee | 1 | $0 |
Mya Thompson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,101 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,999 |
| Noncash contributions included in lines 1a–1f | $3,867 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,100 |
| Total Program Service Revenue | $6,160 |
| Investment income | $10,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$121,502 |
| Net Income from Fundraising Events | $11,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,908 |
| Grants and other assistance to domestic individuals. | $51,871 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,391 |
| Compensation of current officers, directors, key employees. | $12,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,565 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,562 |
| Office expenses | $8,714 |
| Information technology | $653 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,628 |
| All other expenses | $0 |
| Total functional expenses | $257,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,402 |
| Savings and temporary cash investments | $197,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,748 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $673,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,183,000 |
| Accounts payable and accrued expenses | $1,720 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,720 |
| Net assets without donor restrictions | $443,250 |
| Net assets with donor restrictions | $738,030 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,183,000 |
Grants Awarded
Over the last fiscal year, Ithaca Public Education Initiative Inc has awarded $107,468 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ITHACA CITY SCHOOL DISTRICT PURPOSE: Help students and teachers | $83,766 |
Ithaca, NY PURPOSE: Student learning locally | $23,702 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ithaca Public Education Initiative Inc has recieved totaling $7,376.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $5,250 |
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Endowment Analysis
| Beg. Balance | $634,212 |
| Earnings | -$78,282 |
| Net Contributions | $15,661 |
| Other Expense | $21,686 |
| Ending Balance | $549,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |