INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC (EIN 31-1103966)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-11-13
IRS object ID
202533179349307613
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-13T14:01:59-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN351178661PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BLUE & CO LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112800 N MERIDIAN ST STE 400AddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP46032ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN311103966EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIANAPOLIS PUBLIC SCHOOLS EDUCATIONBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINDIBusinessNameControlTxt
Phone3172263706PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 EAST WALNUT STREET 116AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHANNIE BAILEYPersonNm
Person TitleCEOPersonTitleTxt
Phone3172263706PhoneNum
Signature2025-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANGELA N CRAWFORD CPAPreparerPersonNm
PTINP00573197PTIN
Phone3178488920PhoneNum
Preparation2025-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1INDIANAPOLIS PUBLIC SCHOOLS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerSTEPHANNIE BAILEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 EAST WALNUT STREET 116AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,821,859GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressIPSFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1984FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTHE INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION ("IPSEF") SERVES INDIANA PUBLIC SCHOOL ("IPS") STUDENTS BY SECURING RESOURCES TO ENSURE THE HIGHEST QUALITY EDUCATION EXPERIENCE POSSIBLE.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,187,003PYContributionsGrantsAmt
CY Contributions Grants$8,297,234CYContributionsGrantsAmt
PY Program Service Revenue$938,302PYProgramServiceRevenueAmt
CY Program Service Revenue$689,578CYProgramServiceRevenueAmt
PY Investment Income$365,757PYInvestmentIncomeAmt
CY Investment Income$381,850CYInvestmentIncomeAmt
PY Other Revenue$6,097PYOtherRevenueAmt
CY Other Revenue$4,527CYOtherRevenueAmt
PY Total Revenue$5,497,159PYTotalRevenueAmt
CY Total Revenue$9,373,189CYTotalRevenueAmt
PY Grants And Similar Paid$4,512,151PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,246,482CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$623,846PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$737,099CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$12,188PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$15,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$335,881CYTotalFundraisingExpenseAmt
PY Other Expenses$322,654PYOtherExpensesAmt
CY Other Expenses$283,775CYOtherExpensesAmt
PY Total Expenses$5,470,839PYTotalExpensesAmt
CY Total Expenses$5,282,356CYTotalExpensesAmt
PY Revenues Less Expenses$26,320PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,090,833CYRevenuesLessExpensesAmt
Total Assets BOY$10,407,670TotalAssetsBOYAmt
Total Assets EOY$14,025,427TotalAssetsEOYAmt
Total Liabilities BOY$1,400,182TotalLiabilitiesBOYAmt
Total Liabilities EOY$729,648TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,007,488NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,295,779NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,208,888ExpenseAmt
Grant$3,986,084GrantAmt
Revenue$689,578RevenueAmt
DescDISTRICT 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 STUDENT ACCESS AND OPPORTUNITY AND FOSTERING STUDENT AND FAMILY ENGAGEMENT.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$126,124ExpenseAmt
Grant$119,713GrantAmt
DescIPS 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$148,219ExpenseAmt
Grant$140,685GrantAmt
DescSCHOLARSHIPS TO IPS STUDENTS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$4,483,231TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document93IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee5EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3172263706PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 EAST WALNUT STREET 116AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
STEPHANNIE BAILEY
CEO40.00Yes (X)$231,310$0$6,966
KELLY RILEY
CHIEF GROWTH OFFICER40.00$120,974$0$18,958Yes (X)
AISHA GOENS
CHIEF OPERATING OFFICER40.00$115,866$0$10,611Yes (X)
JONATHAN COFFINGTON
CHAIR3.00Yes (X)$0$0$0Yes (X)
GINGER LIPPERT
VICE CHAIR3.00Yes (X)$0$0$0Yes (X)
KEVIN SHELLEY
SECRETARY1.00Yes (X)$0$0$0Yes (X)
TIMOTHY COLEMAN
TREASURER3.00Yes (X)$0$0$0Yes (X)
KIRK BEVINGTON
MEMBER1.00$0$0$0Yes (X)
STEPHEN DOWNING JR
MEMBER1.00$0$0$0Yes (X)
AARON GILLUM
MEMBER1.00$0$0$0Yes (X)
ELIZABETH LERCH
MEMBER1.00$0$0$0Yes (X)
SHANEKA PEDERSEN
MEMBER3.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$468,150TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$36,535TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
METICULOUS DESIGN ARCHITECTURE LLC
25 NORTH PINE STREET STE BINDIANAPOLISIN46202LEAD ARCHITECT AND DESIGN FOR CRISPUS AT$378,152
JUNIOR ACHIEVEMENT OF CENTRAL INDIANA
7435 N KEYSTONE AVE BINDIANAPOLISIN46240JA BIZTOWN EXPERIENCE FOR 5TH GRADE STUD$116,940
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$14,500GovernmentGrantsAmt
All Other Contributions$8,282,734AllOtherContributionsAmt
Total Contributions$8,297,234TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYINDY900099$440,283$440,283
IPS SUPPORT900099$192,445$192,445
POSTSECONDARY READINES900099$56,850$56,850
FieldValueIRS element (for citing)
Total Program Service Revenue$689,578TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$311,916TotalRevenueColumnAmt
Exclusion$311,916ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$518,604SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$448,670SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$69,934SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,934TotalRevenueColumnAmt
Exclusion$69,934ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
LICENSE PLATE FEES900099$3,769$3,769
MISCELLANEOUS INCOME900099$758$758
FieldValueIRS element (for citing)
Other Revenue Total$4,527OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,373,189TotalRevenueColumnAmt
Related Or Exempt Func Income$689,578RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$386,377ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,104,297TotalAmt
Program Services$4,104,297ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$142,185TotalAmt
Program Services$142,185ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$241,495TotalAmt
Program Services$55,544ProgramServicesAmt
Management And General$89,353ManagementAndGeneralAmt
Fundraising$96,598FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$400,535TotalAmt
Program Services$92,123ProgramServicesAmt
Management And General$148,198ManagementAndGeneralAmt
Fundraising$160,214FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$11,722TotalAmt
Program Services$2,696ProgramServicesAmt
Management And General$4,337ManagementAndGeneralAmt
Fundraising$4,689FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$38,593TotalAmt
Program Services$8,877ProgramServicesAmt
Management And General$14,279ManagementAndGeneralAmt
Fundraising$15,437FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$44,754TotalAmt
Program Services$10,293ProgramServicesAmt
Management And General$16,559ManagementAndGeneralAmt
Fundraising$17,902FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$12,293TotalAmt
Program Services$5,532ProgramServicesAmt
Management And General$6,761ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$78,600TotalAmt
Program Services$25,938ProgramServicesAmt
Management And General$52,662ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$15,000TotalAmt
Fundraising$15,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$31,963TotalAmt
Management And General$31,963ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$84,726TotalAmt
Program Services$12,921ProgramServicesAmt
Management And General$61,818ManagementAndGeneralAmt
Fundraising$9,987FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,385TotalAmt
Management And General$5,192ManagementAndGeneralAmt
Fundraising$5,193FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$10,457TotalAmt
Management And General$5,229ManagementAndGeneralAmt
Fundraising$5,228FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$42,766TotalAmt
Program Services$21,383ProgramServicesAmt
Management And General$21,383ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$104TotalAmt
Management And General$52ManagementAndGeneralAmt
Fundraising$52FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,901TotalAmt
Management And General$951ManagementAndGeneralAmt
Fundraising$950FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,639TotalAmt
Program Services$1,442ProgramServicesAmt
Management And General$1,550ManagementAndGeneralAmt
Fundraising$1,647FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
DUES & SUBSCRIPTIONS$4,454$1,470$2,984
MISCELLANEOUS EXPENSES$1,487$1,487

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,282,356TotalAmt
Program Services$4,483,231ProgramServicesAmt
Management And General$463,244ManagementAndGeneralAmt
Fundraising$335,881FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,395,534BOYAmt
EOY$4,040,369EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,236,329BOYAmt
EOY$4,820,571EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$174,132BOYAmt
EOY$251,105EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,560BOYAmt
EOY$10,809EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,143,363BOYAmt
EOY$4,424,062EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$453,752BOYAmt
EOY$478,511EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,407,670BOYAmt
EOY$14,025,427EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$316,206BOYAmt
EOY$318,445EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$1,083,976BOYAmt
EOY$411,203EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,400,182BOYAmt
EOY$729,648EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,782,848BOYAmt
EOY$1,728,737EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,224,640BOYAmt
EOY$11,567,042EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,007,488BOYAmt
EOY$13,295,779EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,407,670BOYAmt
EOY$14,025,427EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$4,090,833ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$157,708NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$39,750OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,355,570CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,224,061CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,172,031CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,187,003CurrentTaxYearMinus1YearAmt
Current Tax Year$8,297,234CurrentTaxYearAmt
Total$26,235,899TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,100CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,100CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$24,475CurrentTaxYearMinus1YearAmt
Current Tax Year$23,100CurrentTaxYearAmt
Total$116,875TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,378,670CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,247,161CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,195,131CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,211,478CurrentTaxYearMinus1YearAmt
Current Tax Year$8,320,334CurrentTaxYearAmt
Total$26,352,774TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$13,552,133SubstantialContributorsTotAmt
Public Support Total170$12,800,641PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,538CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,655CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$156,472CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$244,154CurrentTaxYearMinus1YearAmt
Current Tax Year$311,916CurrentTaxYearAmt
Total$807,735TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,075CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,822CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$747CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,097CurrentTaxYearMinus1YearAmt
Current Tax Year$4,527CurrentTaxYearAmt
Total$22,268TotalAmt
FieldValueIRS element (for citing)
Total Support$27,182,777TotalSupportAmt
Gross Receipts Rltd Activities$3,187,325GrossReceiptsRltdActivitiesAmt
Public Support CY1700.47090PublicSupportCY170Pct
Public Support PY1700.64850PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationMISC INCOME - 2020 AMOUNT: $ 3,075. 2021 AMOUNT: $ 7,822. 2022 AMOUNT: $ 747. 2023 AMOUNT: $ 6,097. 2024 AMOUNT: $ 4,527.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,066,834BeginningYearBalanceAmt
Contributions$4,391ContributionsAmt
Investment Earnings Or Losses$270,451InvestmentEarningsOrLossesAmt
Grants Or Scholarships$130,468GrantsOrScholarshipsAmt
End Year Balance$3,211,208EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,815,678BeginningYearBalanceAmt
Contributions$68,595ContributionsAmt
Investment Earnings Or Losses$306,658InvestmentEarningsOrLossesAmt
Grants Or Scholarships$124,097GrantsOrScholarshipsAmt
End Year Balance$3,066,834EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$625,569BeginningYearBalanceAmt
Contributions$2,224,563ContributionsAmt
Investment Earnings Or Losses$88,358InvestmentEarningsOrLossesAmt
Grants Or Scholarships$122,812GrantsOrScholarshipsAmt
End Year Balance$2,815,678EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$635,935BeginningYearBalanceAmt
Investment Earnings Or Losses-$10,366InvestmentEarningsOrLossesAmt
End Year Balance$625,569EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$516,548BeginningYearBalanceAmt
Investment Earnings Or Losses$119,387InvestmentEarningsOrLossesAmt
End Year Balance$635,935EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.78017BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.15355PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.06628TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,561,784TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$157,708NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$23,100DonatedServicesAndUseFcltsAmt
Other Revenue$39,750OtherRevenueAmt
Revenue Not Reported$220,558RevenueNotReportedAmt
Revenue Subtotal$9,341,226RevenueSubtotalAmt
Investment Expenses Not Incld$31,963InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$31,963RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$9,373,189TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,273,493TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$23,100DonatedServicesUseFcltsAmt
Expenses Not Reported$23,100ExpensesNotReportedAmt
Expenses Subtotal$5,250,393ExpensesSubtotalAmt
Investment Expenses Not Incld2$31,963InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$31,963ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,282,356TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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, 2025 AND 2024, 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 39,750.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIANAPOLIS PUBLIC SCHOOLSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 EAST WALNUTAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Recipient EIN356002486RecipientEIN
IRC SectionGOVTIRCSectionDesc
Cash Grant$4,104,297CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantEDUCATIONAL ASSISTANCEPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient84RecipientCnt
Cash Grant$142,185CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSTEPHANNIE BAILEYPersonNm
TitleCEOTitleTxt
Base Compensation Filing Org$211,310BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$20,000BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$6,939DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$27NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$238,276TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES TO DOCUMENT.
FORM 990, PART VI, SECTION B, LINE 11BA 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 12CMEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO READ, UNDERSTAND AND SIGN THE FOUNDATION'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 15ATHE 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 19IF 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 INTEREST IN ASSETS HELD BY OTHERS 39,750.
PART XII, LINE 2CTHE ORGANIZATION'S BOARD OF DIRECTORS ARE RESPONSIBLE FOR OVERSIGHT OF THE REVIEW AND FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

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