Iota Foundation EIN 20-1194576

Iota Foundation

EIN  20-1194576 Public charity (501(c)(3)) Petaluma, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Supports educational programs, scholarships, and community service for students at UC Berkeley.
Leadership
Ray Pounds · Treasurer
Money in and out
$133K revenue, $125K expenses
Bottom line
96% program efficiency

Supports educational programs, scholarships, and community service for students at UC Berkeley. For fiscal year 2024 it reported $133K in revenue, $125K in expenses, and $410K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$133K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$410K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.02 Fundraising $0.01
Program efficiency
96%
of spending reaches programs
Operating runway
41.1mo
months of highly liquid reserves at operating expense rate▲ ×23 vs prior filing year
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$133K
FY2024▲ ×249
Expenses
$125K
FY2024▲ +437%
Total assets
$410K
FY2024▼ -7%
Total liabilities
$0
FY2024
Total revenue
$133K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$410K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$410K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $121K of program spending, described in the organization's own filed words · FY2024.
01

Support of the zeta psi fraternity at the university of california, berkeley

$121Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIota Foundation
EINHdr · item D20-1194576
Principal addressHdr · item CPetaluma, CA
WebsiteHdr · item Jwww.iotafoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$126K · 94%
Investment income$8K · 6%
Contributions & grants94%$126K
Investment income6%$8K
Total revenueLn 12$133K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.02 Fundraising $0.01
Program services96%$121K
Management & general2%$3K
Fundraising1%$2K
Total functional expensesLn 25$125K

Balance Sheet

Part X · end of year
CashLn 1$80K
Total assetsLn 16$410K
Total liabilitiesLn 26$0
Total net assetsLn 32$410K
Months of cash on handcomputed7.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $410K · Operating expenses (Pt IX) $125K · Less non-cash grants $6K · Cash operating expenses/yr $120K
41.1 months
Where the money goes
Program services
Program services $121K · Total expenses $125K
96%
Management & General
Management & general $3K · Total expenses $125K
2%
Fundraising
Fundraising $2K · Total expenses $125K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $840 · Solicited contributions (2-yr avg) $76K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $126K · Total revenue $133K
94%
Government reliance
Government grants — · Total revenue $133K
Earned-income share
Program service revenue $0 · Total revenue $133K
0%
Investment reliance
Investment income $8K · Total revenue $133K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $125K
0%
Growth & trend
Revenue growth (YoY)
This year $133K · Prior year $-540
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $410K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $133K · Expenses $125K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $410K
Net-asset ratio
Net assets $410K · Total assets $410K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $330K · Total assets (Pt X, ln 16) $410K
80%
People & payroll
Highest Reported Total Compensation
Individual Ray Pounds · Reported title TREASURER · Highest reported compensation $0 · Total expenses $125K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $125K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 2%
Fundraising cost ratio 1%
Revenue growth ×249
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 3 grants · $118K · 2022–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2022$18,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$133K revenue · viewing · ⤓ 990 PDF
FY2023$-540 revenue · ⤓ 990 PDF
FY2022$27K revenue · ⤓ 990 PDF
FY2021$41K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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