Indianapolis Public Schools Education Foundation Inc
- Assets
- $10.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 08/2015
- Data as of
- 06/2023
- 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 06/2023, Indianapolis Public Schools Foundation employed 5 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 06/2023, Indianapolis Public Schools Foundation generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $5.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Indianapolis Public Schools Foundation has awarded 14 individual grants totaling $11,502,237. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION ("IPSEF") SERVES INDIANA PUBLIC SCHOOL ("IPS") STUDENTS BY SECURING RESOURCES TO ENSURE THE HIGHEST QUALITY EDUCATION 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 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.
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.
SCHOLARSHIPS TO IPS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaneka Pedersen President | OfficerTrustee | 3 | $0 |
Jonathan Coffin Vice President | OfficerTrustee | 1 | $0 |
Timothy Coleman Treasurer | OfficerTrustee | 3 | $0 |
Ginger Lippert Secretary | OfficerTrustee | 1 | $0 |
Diane Arnold Member | Trustee | 1 | $0 |
Kirk Bevington Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,994,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,172,031 |
| Total Program Service Revenue | $969,594 |
| Investment income | $156,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,355,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,468,619 |
| Grants and other assistance to domestic individuals. | $108,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,016 |
| Compensation of current officers, directors, key employees. | $78,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,578 |
| Pension plan accruals and contributions | $6,880 |
| Other employee benefits | $20,981 |
| Payroll taxes | $32,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $406 |
| Fees for services: Accounting | $58,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,782 |
| Fees for services: Investment Management | $18,379 |
| Fees for services: Other | $77,166 |
| Advertising and promotion | $3,803 |
| Office expenses | $4,912 |
| Information technology | $10,585 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,230 |
| All other expenses | $0 |
| Total functional expenses | $5,298,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,463,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,143,040 |
| Accounts receivable, net | $203,716 |
| 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 | $3,831,162 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $427,375 |
| Total assets | $10,069,153 |
| Accounts payable and accrued expenses | $117,164 |
| Grants payable | $1,201,571 |
| 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 | $1,318,735 |
| Net assets without donor restrictions | $1,796,143 |
| Net assets with donor restrictions | $6,954,275 |
| 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 | $10,069,153 |
Grants Awarded
Over the last fiscal year, Indianapolis Public Schools Education Foundation Inc has awarded $4,034,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANAPOLIS PUBLIC SCHOOLS PURPOSE: EDUCATIONAL ASSISTANCE | $3,863,188 |
INDIANPOLIS PRIVATE INDUSTRY COUNCIL DBA EMPLOYINDY PURPOSE: EDUCATIONAL ASSISTANCE | $171,012 |