Indianapolis Public Schools Education Foundation Inc
- Assets
- $9.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Indianapolis, IN
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 31-1103966
Organization Overview
Indianapolis Public Schools Education Foundation Inc, operating under the name Indianapolis Public Schools Foundation, is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Indianapolis Public Schools Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Public Schools Foundation 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, Indianapolis Public Schools Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 32.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Indianapolis Public Schools Foundation has awarded 16 individual grants totaling $9,367,813. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION ("IPSEF") SERVES INDIANA PUBLIC SCHOOL ("IPS") STUDENTS BE SECURING RESOURCES TO ENSURE THE HIGHEST QUALITY CLASSROOOM EXPERIENCE POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRICT SUPPORT:GRANTS TO IPS FOR DISTRICT SUPPORT COVER A RANGE OF INVESTMENTS THAT INCLUDE PROFESSIONAL DEVELOPMENT IN TEACHERS AND STAFF, RACIAL EQUITY TRAINING, PROGRAMMATIC SUPPORT OF DISTRICT-WIDE STRATEGIC INITIATIVES FOR INCREASING STUDENT ACHIEVEMENT AND COVID-19 PANDEMIC RESPONSE.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephannie Bailey CEO | Officer | 40 | $183,258 |
Shaneka Pedersen President | OfficerTrustee | 3 | $0 |
Andy Barton Treasurer | OfficerTrustee | 3 | $0 |
Jonathan Coffin Vice President | OfficerTrustee | 1 | $0 |
Teresa Bennett Secretary | OfficerTrustee | 1 | $0 |
Kirk Bevington Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,000 |
| Related organizations | $0 |
| Government grants | $110,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,068,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,224,061 |
| Total Program Service Revenue | $525,511 |
| Investment income | $58,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,964 |
| Net Income from Fundraising Events | -$33,131 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,839,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,631,584 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,571 |
| Compensation of current officers, directors, key employees. | $81,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,377 |
| Payroll taxes | $23,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,696 |
| Fees for services: Accounting | $49,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,073 |
| Fees for services: Investment Management | $10,818 |
| Fees for services: Other | $44,426 |
| Advertising and promotion | $160 |
| Office expenses | $8,968 |
| Information technology | $7,813 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,383 |
| All other expenses | $0 |
| Total functional expenses | $4,160,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,795,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,189,819 |
| Accounts receivable, net | $131,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $395 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,437,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $436,500 |
| Total assets | $8,991,095 |
| Accounts payable and accrued expenses | $180,379 |
| Grants payable | $1,116,935 |
| Deferred revenue | $51,669 |
| 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 | $1,348,983 |
| Net assets without donor restrictions | $1,691,181 |
| Net assets with donor restrictions | $5,950,931 |
| 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 | $8,991,095 |
Grants Awarded
Over the last fiscal year, Indianapolis Public Schools Education Foundation Inc has awarded $3,252,364 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANAPOLIS PUBLIC SCHOOLS PURPOSE: EDUCATIONAL ASSISTANCE | $2,976,876 |
Indianapolis, IN PURPOSE: EDUCATIONAL ASSISTANCE | $126,488 |
Portland, OR PURPOSE: COMMUNITY AND PARENT ENGAGEMENT PROGRAMMING | $125,000 |
Indianapolis, IN PURPOSE: EDUCATIONAL ASSISTANCE | $24,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Indianapolis Public Schools Education Foundation Inc has recieved totaling $3,342,611.
| Awarding Organization | Amount |
|---|---|
Salesforce Com Foundation San Francisco, CA PURPOSE: SUPPORT PUBLIC EDUCATION | $750,000 |
Eli Lilly And Company Foundation Indianapolis, IN PURPOSE: ACCELERATING EQUITABLE ACCESS TO STEM EDUCATION AND EXPERIENCES | $709,500 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $538,000 |
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $250,000 |
Eli Lilly And Company Foundation Indianapolis, IN PURPOSE: EXPANDING IPS FOUNDATION CAPACITY TO FURTHER EQUITY OF OPPORTUNITY 2021 - 2022 | $250,000 |
Eli Lilly And Company Foundation Indianapolis, IN PURPOSE: EXPANDING IPS FOUNDATION CAPACITY TO FURTHER EQUITY OF OPPORTUNITY 2021 - 2022 | $250,000 |
Endowment Analysis
| Beg. Balance | $635,935 |
| Earnings | -$10,366 |
| Ending Balance | $625,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |