Indianapolis Public Schools Education Foundation Inc in Indianapolis, Indiana (IN)

Organization representatives - add corrected or new information about Indianapolis Public Schools Education Foundation Inc »

Non-representatives - add comments about Indianapolis Public Schools Education Foundation Inc»

Indianapolis Public Schools Education Foundation Inc
Employer Identification Number (EIN)311103966
Name of OrganizationIndianapolis Public Schools Education Foundation Inc
Address120 E Walnut Ste 114 E, Indianapolis, IN 46204-1389
ActivitiesGifts, grants, or loans to other organizations
SubsectionEducational Organization
Ruling Date08/1984
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,138,985
Amount of Income$862,189
Form 990 Revenue Amount$610,756
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12


Non-representatives - add comments:


CAPTCHA

Your IP address 44.192.132.66 will be logged.

Amount of income in 2014: $862,189 (it was $408,783 in 2013)
Indianapolis Public Schools Education Foundation Inc: 

 $862,189
Other organizations performing similar types of work: 

 $276,749

Assets in 2014: $2,138,985 (it was $1,759,930 in 2013)
This organization: 

 $2,138,985
Other organizations performing similar types of work: 

 $723,319

Expenses in 2014: $393,197
This organization: 

 $393,197
Other organizations performing similar types of work: 

 $122,701

Income to expenses ratio in 2014: 2.2
This organization: 

 2.2
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2014: 76.6%
This organization: 

 76.6%
Other organizations performing similar types of work: 

 44.0%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?YesNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?NoNoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
20102011201220132014
The number reported in Box 3 of Form 1096025
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return211
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0$0
Gross income from members or shareholders$0$0$0$0$0
Gross income from other sources$0$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$83,984$69,064$70,565
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
20102011201220132014
Total revenue$365,006$94,152$294,497$408,783$610,756
Contributions, Gifts, Grants and Other Similar Amounts$244,297$91,969$293,062$289,471$467,785
Program Service Revenue$0$0$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$72,030$67$1,435$31,485$44,878
Income from investment of tax-exempt bond proceeds$0$0$0$0$0
Royalties$0$0$0$0$0
Net rental income$0$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$33,493$38,170
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$0 / $0$0 / $0$295,031 / $0$264,611 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0$261,538 / $0$226,441 / $0
Gain or (loss) (Securities / Other)$0 / $0$0 / $0$0 / $0$33,493 / $0$38,170 / $0
Net income/loss from fundraising events$48,679$2,116$0$54,334$59,923
Gross income from fundraising events$73,159$6,000$0$77,449$84,915
Less: direct expenses$24,480$3,884$0$23,115$24,992
Net income/loss from gaming activities$0$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0$0
Miscellaneous Revenue$0$0$0$0$0
Statement of Functional Expenses
20102011201220132014
Total functional expenses$418,418$173,928$508,001$384,317$393,197
Grants and other assistance to domestic organizations and domestic governments$161,080$243,590$242,323
Grants and other assistance to domestic individuals$32,665$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$73,521$33,933$93,566$79,669$85,003
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$21,560$12,040$0$0$0
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$6,919$3,699$7,110$0$0
Fees for services (non-employees)
Management$1,610$0$0
Legal$2,503$0$0
Accounting$8,738$0$0
Lobbying$0$0$0
Professional fundraising services$0$0$0$0$0
Investment management fees$0$0$0
Other$0$13,675$28,258
Advertising and promotion$43,874$7,819$2,263
Office expenses$6,660$0$0
Information technology$805$0$0
Royalties$0$0$0
Occupancy$0$0$0
Travel$1,435$2,925$3,677
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$383$0$0
Insurance$500$0$0
Other expenses$422$14,213$14,345
Other expenses$133,690$10,295$5,649
Other expenses$0$6,378$5,318
Other expenses$0$2,632$2,657
Other expenses$12,960$0$3,704
Balance Sheet
20102011201220132014
Total assets$1,846,331$1,806,365$1,631,591$1,759,930$2,138,985
Cash - non-interest-bearing$301,310$361,416$446,156
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$3,432$68,000
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$1,064$5,690$5,880
Land, buildings, and equipment: cost or other basis$0$0$0
Investments - publicly traded securities$999,476$1,038,885$1,234,517
Investments - other securities$329,741$350,507$384,432
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$-60$-143$17,506$9,955$23,089
Accounts payable and accrued expenses$17,506$9,955$23,089
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$1,846,391$1,806,508$1,614,085$1,749,975$2,115,896
Unrestricted net assets$784,864$1,237,952$1,425,264
Temporarily restricted net assets$105,041$487,023$665,632
Permanently restricted net assets$724,180$25,000$25,000
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$242,323
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Indianapolis Public Schools Education Foundation Inc to others? (optional)
  
Add photo of Indianapolis Public Schools Education Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Reid Traditional Schools Valley Academy Inc1520 W Rose Garden Ln, Phoenix, AZ 85027-3529AZ1995-08$5,113,367
2Canterbury School Foundation Inc5601 Covington Rd, Fort Wayne, IN 46804-5875IN1985-04$3,095,496
3Tustin Public School Foundation150 El Camino Real Ste 140, Tustin, CA 92780-3615CA1994-11$2,708,562
4Weber County School District Foundation5320 S Adams Ave, Ogden, UT 84405-6913UT1975-12$1,695,037
5Yes The Ross Valley Schools Foundation, RvcsPO BOX 2, San Anselmo, CA 94979-0002CA1984-07$1,185,916
6Saratoga Education FoundationPO BOX 2392, Saratoga, CA 95070-0392CA1983-03$1,077,863
7Santa Barbara Education Foundation1330 State St Ste 201, Santa Barbara, CA 93101-2681CA1986-01$971,251
8Public Education Foundation Of Evansville IncPO BOX 1163, Evansville, IN 47706-1163IN1986-12$899,568
9The Manhasset School Community Association IncPO BOX 33, Manhasset, NY 11030-0033NY1982-10$879,249
10Indianapolis Public Schools Education Foundation Inc120 E Walnut Ste 114 E, Indianapolis, IN 46204-1389IN1984-08$862,189
11Trustees Of Hopkins AcademyPO BOX 658, Hadley, MA 01035-0658MA1937-12$412,757
12Wayland Public Schools Foundation IncPO BOX 97, Wayland, MA 01778-0097MA1983-08$384,711
13Salem High School Band Parents Association1993 Sundevil Dr, Virginia Bch, VA 23464-8905VA1998-06$372,955
14Trinity Episcopal School 1989 Endownment Tr1504 N Moody St, Victoria, TX 77901-5122TX1991-04$349,046
15Spirit Of 67 Foundation300 S Waukegan Rd, Lake Forest, IL 60045-2643IL1987-02$276,749
16Tyler Independent School District Foundation315 N Broadway Ave, Tyler, TX 75702-5712TX1991-04$259,130
17Mountain View High School Marching Band Booster ClubPo Box 872893, Vancouver, WA 98687WA1996-09$214,960
18Anderson Education Foundation Inc1600 Hillcrest Ave, Anderson, IN 46011-1004IN1986-03$38,464
19Monroe County Community Schools Assistance Fund315 E North Dr, Bloomington, IN 47401-6555IN1971-12$14,443
20Warsaw Community Schools Theater Boosters1 Tiger Lane, Warsaw, IN 46580IN1998-11$0
Number of organizations performing similar types of work
Alabama3
Arizona3
California33
Colorado5
Connecticut6
Florida4
Georgia1
Hawaii1
Iowa3
Idaho1
Illinois7
Indiana6
Kansas1
Kentucky2
Louisiana1
Massachusetts2
Maryland1
Maine2
Michigan15
Minnesota4
Missouri3
Mississippi1
North Carolina6
Nebraska2
New Jersey3
New York4
Ohio14
Oklahoma10
Oregon2
Pennsylvania7
South Carolina1
Tennessee1
Texas2
Utah2
Virginia5
Washington4
Wisconsin3
Total171

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Indianapolis Public Schools Education Foundation Inc and has no official or unofficial affiliation with Indianapolis Public Schools Education Foundation Inc