Ibtta Foundation EIN 20-8809804 Form 990 (PDF) Claim this org

Ibtta Foundation

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Trains transportation professionals on designing, building, operating, and maintaining user-financed toll facilities. For fiscal year 2024 it reported $278K in revenue, $644K in expenses, and $183K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Washington, DC
Website
www.ibtta.org/foundation
Filings
5 on file (2020–2024)
Revenue
$278KFY2024
Expenses
$644K
Net assets
$183K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8809804 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
Trains transportation professionals on designing, building, operating, and maintaining user-financed toll facilities.
Leadership
Patrick Jones · Staff Liaison
Money in and out
$278K revenue, $644K expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$183K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$366K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.13 Fundraising $0.06
Program efficiency
80%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▼ -66% vs prior filing year
Surplus margin
-131%
revenue over expenses, this year▼ -868% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$278K
FY2024▼ -6%
Expenses
$644K
FY2024▲ +162%
Total assets
$294K
FY2024▲ +9%
Total liabilities
$111K
FY2024▲ +11%
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$183K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$366K
Total assetsPt X · Ln 16$294K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $518K of program spending, described in the organization's own filed words · FY2024.
01

The foundation held its annual, competitive leadership academy which trains the next generation of leaders and managers in the growing worldwide toll industry to perform their jobs effectively and serve the public interest.

$228Kprogram expense
02

The foundation performs several annual service projects to assist the community. In 2024 the foundation supported the fort myers community cooperative's 40-YEAR history to help strengthen south florida after hurricanes.

$185Kprogram expense
03

The scholarship program is an annual selective process through which the ibtta foundation provides college scholarships to undergraduates working towards a transportation-related degree at an accredited university. In 2024 the foundation funded seven $5,000 SCHOLARSHIPS.FUNDRAISING events provided much of the funding for this program.

$106Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIbtta Foundation
EINHdr · item D20-8809804
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.ibtta.org/foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMay 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
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
Staff Liaison
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ibtta Foundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$202K · 72%
Contributions & grants$83K · 30%
Investment income$6K · 2%
Program service revenue72%$202K
Contributions & grants30%$83K
Investment income2%$6K
Total revenueLn 12$278K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.13 Fundraising $0.06
Program services80%$518K
Management & general13%$84K
Fundraising6%$42K
Total functional expensesLn 25$644K

Balance Sheet

Part X · end of year
CashLn 1$199K
Total assetsLn 16$294K
Total liabilitiesLn 26$111K
Total net assetsLn 32$183K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $199K · Operating expenses/yr $644K
3.7 months
Where the money goes
Program services
Program services $518K · Total expenses $644K
80%
Management & General
Management & general $84K · Total expenses $644K
13%
Fundraising
Fundraising $42K · Total expenses $644K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $122K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $83K · Total revenue $278K
30%
Government reliance
Government grants — · Total revenue $278K
Earned-income share
Program service revenue $202K · Total revenue $278K
72%
Investment reliance
Investment income $6K · Total revenue $278K
+2%
Program self-sufficiency
Program service revenue $202K · Total expenses $644K
31%
Growth & trend
Revenue growth (YoY)
This year $278K · Prior year $297K
-6%
Revenue CAGR
FY2020 $148K · FY2024 $278K
+17%
Net-asset trend (YoY)
End of year $183K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $278K · Expenses $644K
-131%
Liabilities-to-Assets
Total liabilities — · Total assets $294K
Net-asset ratio
Net assets $183K · Total assets $294K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $294K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patrick Jones · Reported title STAFF LIAISON · Highest reported compensation $0 · Total expenses $644K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $345K · Total expenses $644K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 13%
Fundraising cost ratio 51%
Revenue growth -6%
Accounting fee ratio 0.9%

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$54K
Grants paid · 8 grants · $225K · 2020–2024
Unitemized GrantFY2024$35,000
Community Cooperative INCFL · FY2024$32,500
Unitemized GrantFY2023$34,750
Unitemized GrantFY2022$25,000
Unitemized GrantFY2021$35,000
Unitemized GrantFY2020$40,000

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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)$278K revenue · viewing · ⤓ 990 PDF
FY2023$297K revenue · ⤓ 990 PDF
FY2022$254K revenue · ⤓ 990 PDF
FY2021$32K revenue · ⤓ 990 PDF
FY2020$148K 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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