Joyce Ivy Foundation FY2020 filing

Tax-deductible

Ann Arbor, MI501(c)(3)Since 2006EducationEIN 20-4008024

The joyce ivy foundation (jif) was established to provide exposure, encouragement, counsel, financial assistance and employment support to young midwestern women who have the academic, intellectual, and leadership potential to attend the nation's most selective institutions of higher education. Jif has a program of partnering with leading prestigious universities to provide matching grants and other scholarships for summer programs to the scholars. Jif also sponsors free college access activities that are open to midwesterners.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
68%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$72K
to officers and key staff · 29% of spending
Pt VII · Sec A
Do they have reserves?
9 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
5
named funders · $60K
Funders’ Sch. I, 990-PF
Do they carry debt?
$24K
liabilities
Pt X · Ln 26
Who oversees it?
12
independent of 12 voting board members
Pt VI · Ln 1a–1b
Revenue
$315K
Spent
$247K
To programs
68%
Net assets
$262K
By yearFY2020–FY2024
Revenue
$315K
FY2020
Revenue by fiscal year
FY2020$315K
FY2021$433K
FY2022$452K
FY2023$470K
FY2024$581K
FY2024$514K
Expenses
$247K
FY2020
Expenses by fiscal year
FY2020$247K
FY2021$351K
FY2022$496K
FY2023$488K
FY2024$447K
FY2024$490K
Net assets
$262K
FY2020
Net assets by fiscal year
FY2020$262K
FY2021$362K
FY2022$314K
FY2023$307K
FY2024$362K
FY2024$394K

From the FY2020 Form 990 (year ending August 2020) · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CJoyce Ivy Foundation
EINHdr · item D20-4008024
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2007
Year of formationHdr · item L2006
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAnn Arbor, MI
NTEE classificationIRS BMFEducation (B82)
WebsiteHdr · item Jwww.joyceivyfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.13 Fundraising $0.19
Program services68%$168K
Management & general13%$31K
Fundraising19%$48K
Total functional expensesLn 25$247K

Financial health

Is it on solid ground?

Program efficiency
68%
of spending reaches programs
Surplus margin
+22%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$286K
FY2020
Total assets by fiscal year
FY2020$286K
FY2021$366K
FY2022$314K
FY2023$312K
FY2024$395K
FY2024$394K
Total liabilities
$24K
FY2020
Total liabilities by fiscal year
FY2020$24K
FY2021$4K
FY2022$724
FY2023$5K
FY2024$33K
FY2024$782
Revenue less expensesPt I · Ln 19$69K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$189K
Total assetsLn 16$286K
Total liabilitiesLn 26$24K
Total net assetsLn 32$262K
Months of cash on handcomputed9.2

Statement of Revenue

Part VIII
Contributions & grants100%$315K
Investment income$196
Other revenue$270
Total revenueLn 12$315K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $286K · Operating expenses (Pt IX) $247K · Less non-cash grants $250K · Cash operating expenses/yr −$3K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $168K · Total expenses $247K
68%
Management & General
Management & general $31K · Total expenses $247K
13%
Fundraising
Fundraising $48K · Total expenses $247K
19%
Cost to raise $1
Fundraising expense $48K · Solicited contributions $315K
$0.15 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $315K · Total revenue $315K
100%
Government reliance
Government grants — · Total revenue $315K
—
Earned-income share
Program service revenue $0 · Total revenue $315K
0%
Investment reliance
Investment income $196 · Total revenue $315K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $247K
0%
Growth & trend
Revenue growth (YoY)
This year $315K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $262K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $315K · Expenses $247K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
—
Net-asset ratio
Net assets $262K · Total assets $286K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $97K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
34%
People & payroll
Highest Reported Total Compensation
Individual Brittany Knight · Reported title EXECUTIVE DI · Highest reported compensation $72K · Total expenses $247K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $116K · Total expenses $247K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 13%——
Fundraising cost ratio 15%——
Accounting fee ratio 8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$72,400Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman of
$0Pt VII · Sec A

Michelle Rosynsky Ed D’s $28K as Executive Di is at the 21st percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Brittany Knight—$88,533$91,900$86,000$66,475$72,400
Nadia Schreiber——$80,644$50,562——
Allison Jegla————$59,000—
Michelle Rosynsky Ed D$28,390—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports talented young women pursuing higher education with resources and financial aid.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $168K of program spending, described in the organization's own filed words · FY2019.
01

Scholarships were awarded to 92 high-school aged women to attend summer programs virtually at leading institutions of higher education (barnard, brown university, cornell university, emory university, harvard university, johns hopkins university, smith, stanford university, washington university, and yale university).

$115Kprogram expense
02

In response to the pandemic, the foundation launched a series of virtual programming for our scholars and other interested parties. We conducted 20 such programs prior to august, 2020, on topics ranging from financing your education to defeating imposter syndrome.

$52Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 7 grants · $1.3M · 2019–2024
Unitemized GrantFY2024$203,271
Unitemized GrantFY2023$251,058
Unitemized GrantFY2023$194,671
Unitemized GrantFY2022$187,392
Unitemized GrantFY2021$232,255
Unitemized GrantFY2020$143,411
Unitemized GrantFY2019$78,922

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $581K$447K+23% 990 PDF
FY2023 $470K$488K+4% 990 PDF
FY2022 $452K$496K+4% 990 PDF
FY2021 $433K$351K+37% 990 PDF
FY2020 Viewing $315K$247K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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