Idea Foundation
- Assets
- $1.5k
- Revenue
- $40.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 10/2007
- Data as of
- 12/2016
- EIN
- 57-1233645
Organization Overview
Idea Foundation is located in Denver, CO. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2016, Idea Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idea 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 12/2016, Idea Foundation generated $40.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $62.8k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE IDEA FOUNDATION IS TO STRENGTHEN AND SUPPORT EDUCATION, SUSTAINABLE DEVELOPMENT, AND HEALTH CARE PROGRAMS IN ECONOMICALLY DISADVANTAGED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IDEA FOUNDATION SUPPORTS EDUCATION AND HEALTH PROJECTS IN SIERRA LEONE THAT PROVIDE LONG-TERM SOLUTIONS TO PROBLEMS FACING THE COUNTRY. THE IDEA FOUNDATION HELPS GIVE SIERRA LEONEANS THE TOOLS TO IMPROVE CONDITIONS ON THE GROUND NOW FOR GENERATIONS TO COME. THE CABALA TOWN CLINIC REMAINS OPERATIONAL AND PROMOTES HEALTH OF INDIVIDUALS AND FAMILIES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Seaborn Executive Di | Officer | 40 | $16,750 |
Richard Miner Secretary/di | OfficerTrustee | 1 | $0 |
Christi Bandlamudie Treas/direct | OfficerTrustee | 1 | $0 |
Edward Lysen Director/pre | OfficerTrustee | 1 | $0 |
Crispin Reedy Vice Pres / | OfficerTrustee | 1 | $0 |
Elizabeth Seaborn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,890 |
| Noncash contributions included in lines 1a–1f | $6,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,890 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,238 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,750 |
| Compensation of current officers, directors, key employees. | $1,675 |
| Compensation to disqualified persons | $19,650 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24 |
| Office expenses | $2,272 |
| Information technology | $446 |
| Royalties | $0 |
| Occupancy | $1,421 |
| Travel | $8,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $457 |
| Insurance | $0 |
| All other expenses | $355 |
| Total functional expenses | $62,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102 |
| 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 | $0 |
| Net Land, buildings, and equipment | $122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,503 |
| Accounts payable and accrued expenses | $18,128 |
| 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 | $18,128 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$16,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |