2023-11-15T08:20:10-06:00 2023-06-30 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2022-07-01 311103966 INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC INDI 3172263706 120 EAST WALNUT STREET 116 INDIANAPOLIS IN 46204 STEPHANNIE BAILEY CEO 3172263706 2023-11-15 1 STEPHANNIE BAILEY 999009999 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z INDIANAPOLIS PUBLIC SCHOOLS FOUNDATION STEPHANNIE BAILEY 120 EAST WALNUT STREET 116 INDIANAPOLIS IN 46204 6626736 0 X IPSFUND.ORG X 1984 IN THE INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION ("IPSEF") SERVES INDIANA PUBLIC SCHOOL ("IPS") STUDENTS BY SECURING RESOURCES TO ENSURE THE HIGHEST QUALITY EDUCATION EXPERIENCE POSSIBLE. 9 9 5 9 0 0 5224061 5172031 525511 969594 115619 213468 -25309 747 5839882 6355840 3631584 4576619 0 0 389005 531186 5073 6782 205423 135288 183733 4160950 5298320 1678932 1057520 8991095 10069153 1348983 1318735 7642112 8750418 X THE INDIANAPOLIS PUBLIC SCHOOLS FOUNDATION IS AN INDEPENDENT NON-PROFIT THAT SECURES PHILANTHROPIC SUPPORT TO ADVANCE THE STRATEGIC PRIORITIES OF THE INDIANAPOLIS PUBLIC SCHOOLS. WE SUPPORT IPS LEADERSHIP TO DEFINE PRIORITIES FOR PRIVATE INVESTMENT AND WORKS CLOSELY WITH COMMUNITY LEADERS AND PHILANTHROPIC CHAMPIONS TO RAISE MISSION-CRITICAL FUNDING THAT ENABLES IPS TO ACCELERATE PROGRESS. 1 0 4515249 4316652 969594 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. 158922 151967 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. 144629 108000 SCHOLARSHIPS TO IPS STUDENTS. 4818800 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 IN X THE ORGANIZATION 3172263706 120 EAST WALNUT STREET 116 INDIANAPOLIS IN 46204 SHANEKA PEDERSEN PRESIDENT 3.00 X X 0 0 0 JONATHAN COFFIN VICE PRESIDENT 1.00 X X 0 0 0 TIMOTHY COLEMAN TREASURER 3.00 X X 0 0 0 GINGER LIPPERT SECRETARY 1.00 X X 0 0 0 DIANE ARNOLD MEMBER 1.00 X 0 0 0 KIRK BEVINGTON MEMBER 1.00 X 0 0 0 STEPHEN DOWNING JR MEMBER 1.00 X 0 0 0 ELIZABETH LERCH MEMBER 1.00 X 0 0 0 KEVIN SHELLEY MEMBER 1.00 X 0 0 0 STEPHANNIE BAILEY CEO 40.00 X 214401 0 9030 214401 0 9030 1 0 1 0 0 177909 4994122 5172031 EMPLOYINDY SERVICE REV 900099 901170 901170 IPS DATABASE PROJECT 900099 68424 68424 969594 156472 156472 327892 270896 56996 56996 56996 OTHER INCOME 900099 747 747 747 6355840 969594 0 214215 4468619 4468619 108000 108000 223016 72845 78869 71302 247578 80868 87555 79155 6880 2247 2433 2200 20981 6853 7420 6708 32731 10691 11575 10465 406 406 58478 58478 6782 6782 18379 18379 77166 58024 1330 17812 3803 1269 1267 1267 4912 826 826 3260 10585 5529 2528 2528 3785 1261 1262 1262 1149 383 383 383 3230 1076 1077 1077 DUES & SUBSCRIPTIONS 1458 245 245 968 MISCELLANEOUS EXPENSES 382 64 64 254 5298320 4818800 274097 205423 3795070 2463465 3189819 3143040 131469 203716 395 395 13654 13654 0 0 1437842 3831162 436500 427375 8991095 10069153 180379 117164 1116935 1201571 51669 0 1348983 1318735 X 1691181 1796143 5950931 6954275 7642112 8750418 8991095 10069153 X 1057520 37879 12907 X X 1 X 0 1 0 X 2076349 3902233 3355570 5224061 5172031 19730244 22400 23100 23100 23100 23100 114800 2098749 3925333 3378670 5247161 5195131 19845044 7405776 12439268 49815 46287 36538 58655 156472 347767 300 6950 3075 7822 747 18894 20211705 1582776 0.61540 0.57140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2018 AMOUNT: $ 300. 2019 AMOUNT: $ 6,950. 2020 AMOUNT: $ 3,075. 2021 AMOUNT: $ 7,822. 2022 AMOUNT: $ 747. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 625569 2224563 88358 122812 2815678 635935 -10366 625569 516548 119387 635935 524711 1369 9532 516548 363190 177914 1398 17791 524711 0.77640 0.17510 0.04850 1 0 13654 13654 0 0 X 6411347 37879 23100 12907 73886 6337461 18379 18379 6355840 5303041 23100 23100 5279941 18379 18379 5298320 PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT POLICIES FOR ENDOWMENT ASSETS HELD FOR ENDOWMENT THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE FUNDS HELD BY CICF (BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS) ARE INVESTED ACCORDING TO CICF'S POOLED INVESTMENT FUND STRATEGIES. OTHER ENDOWMENT FUNDS PRESENTLY GENERATE MINIMAL ENDOWMENT INVESTMENT RETURN DUE TO THE MAINTENANCE OF THE MAJORITY OF THE FUNDS IN CASH. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. AS SUCH, THE FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND A CORRESPONDING STATE RETURN, WHICH ARE INFORMATIONAL RETURNS ONLY. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, AS OF THE DATE OF THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 12,907. 1 INDIANAPOLIS PUBLIC SCHOOLS 120 EAST WALNUT INDIANAPOLIS IN 46204 356002486 GOVT 3863188 0 EDUCATIONAL ASSISTANCE INDIANPOLIS PRIVATE INDUSTRY COUNCIL DBA EMPLOYINDY 101 W WASHINGTON ST STE 1200 INDIANAPOLIS IN 46204 351569069 501(C)(3) 171012 0 EDUCATIONAL ASSISTANCE 4 0 SCHOLARSHIPS 60 108000 PART I, LINE 2: THE INDIANAPOLIS PUBLIC SCHOOLS FOUNDATION STEWARDS PRIVATE FUNDS WITH FISCAL INTEGRITY BY FACILITATING CONSISTENT REGULAR PROGRAM CHECK-INS WITH IPS STAFF TO ENSURE THAT GRANT DELIVERABLES ARE BEING MET, REQUESTS FOR REIMBURSEMENT ARE SIGNED OFF ON BY BOTH IPS AND IPSF STAFF AND INCLUDE ACCURATE AND DETAILED INVOICES, AND THAT FUNDS ARE BEING SPENT IN ACCORDANCE WITH GRANT TERMS. IPS FOUNDATION STAFF ASSUMES RESPONSIBILITY FOR REPORTING FUNCTIONS AND REGULARLY REPORTS TO FUNDING PARTNERS THE DETAILED GRANT PROGRAM PROGRESS. THIS INCLUDES PROVIDING AGREED UPON METRICS AND DELIVERABLES AND FINANCIAL ACCOUNTING OF GRANT BUDGET VERSUS ACTUALS. X X X 0 0 0 0 0 0 0 0 0 STEPHANNIE BAILEY CEO 214401 0 0 0 0 0 0 0 9030 0 223431 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE CEO ON AN ANNUAL BASIS AND DETERMINES WHETHER THE APPROPRIATE COMPENSATION LEVEL IS SET BASED ON PERFORMANCE WITH OTHER NON-PROFIT ORGANIZATION. FORM 990, PART III, LINE 2 IPSEF BEGAN PROVIDING SCHOLARSHIPS TO IPS STUDENTS FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD TREASURER BEFORE FILING. THE FULL BOARD IS ALSO PROVIDED A COPY OF THE RETURN BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO READ, UNDERSTAND AND SIGN THE ASSOCIATION'S CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. ANY CONFLICTS OF INTEREST ARE TO BE NOTED. RECORDS OF ALL STATEMENTS ARE KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE CEO ON AN ANNUAL BASIS AND DETERMINES WHETHER THE APPROPRIATE COMPENSATION LEVEL IS SET BASED ON PERFORMANCE WITH OTHER NON-PROFIT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 IF ANY BUSINESS OR INDIVIDUAL MAKES A REQUEST IN WRITING OF THE GOVERNING DOCUMENTS OR CONFLICT OF INTEREST STATEMENT, WE WILL PROVIDE THEM WITH A HARD COPY OF ANY OF THOSE DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 IF ANY BUSINESS OR INDIVIDUAL MAKES A REQUEST IN WRITING OF THE GOVERNING DOCUMENTS OR CONFLICT OF INTEREST STATEMENT, WE WILL PROVIDE THEM WITH A HARD COPY OF ANY OF THOSE DOCUMENTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTER 12,907. PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.