Ibtta Foundation FY2020 filing

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To provide advanced education and training to professionals in the toll industry on the many aspects of designing, building, operating, and maintaining a user-financed transportation facility.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $118K a year · 55% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$148K
Spent
$178K
To programs
98%
Net assets
$124K
By yearFY2020–FY2025
Revenue
$148K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$148K
FY2021$32K
FY2022$254K
FY2023$297K
FY2024$278K
FY2025$273K
Expenses
$178K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$62K
FY2022$231K
FY2023$246K
FY2024$644K
FY2025$626K
Net assets
$124K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$124K
FY2021$94K
FY2022$117K
FY2023$169K
FY2024$183K
FY2025$200K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $175K Management & general 1% · $2K Fundraising 0% · $353

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ibtta Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains transportation professionals on designing, building, operating, and maintaining user-financed toll facilities.

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3 programs · $175K · in their own filed words · FY2020
01

Leadership Academy

The Academy is to be held annually to train the next generation of leaders and managers in the growing worldwide toll industry to perform their jobs effectively and serve the public interest. The Foundation also provides ongoing training and networking opportunities for Academy alumni throughout their careers.

$115Kprogram expense
02

Scholarship Program

Through a competitive selection process IBTTA Foundation provides college scholarships to undergraduates working towards a transportation-related degree at an accredited university. In 2020 the Foundation provided eight $5,000 scholarships. Fundraising events provided much of the funding for this program

$46Kprogram expense
03

Service Project

The Foundation performs an annual service project to assist the community. Due to constraints from COVID-19 during 2020 the Foundation chose to make a contribution to St. Joseph Children's Home (Louisville, KY) for use in developing a playground

$14Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$62K
Grants paid · 10 grants · $265K · 2020–2025
Scholarship America INCMN · FY2025$30,000
Unitemized GrantFY2025$10,000
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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$148K
Ln 12
Fees for servicesLn 2g$126K
Gifts and grantsLn 1h$21K
Investment incomeLn 3$754
Money outPt IX
$178K
Ln 25
Programscol B$175K
Managementcol C$2K
Fundraisingcol D$353
Owns and owesPt X
$124K
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$147K
LiabilitiesLn 26$23K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Fees for servicesLn 2g$126K
Investment incomeLn 3$754
Total revenueLn 12$148K
Assets in detailPt X, end of year
CashLn 1$26K
SavingsLn 2$121K
Cash and savings togetherLn 1–2$147K
Total assetsLn 16$147K
LiabilitiesLn 26$23K
Net assetsLn 32$124K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$283K$147K
Total assetsLn 16$302K$147K
LiabilitiesLn 26$148K$23K
Net assetsLn 32$154K$124K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13K$13K
Grants to domestic individualsLn 2$40K$40K
Other fees for servicesLn 11g$63K$63K$353
TravelLn 17$965$965
Conferences, conventions and meetingsLn 19$59K$59K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$178K$175K$2K$353

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 10, 2026 $273K$626K−$353K$200K 990 PDF
FY2024Filed with the IRS Nov 14, 2025 $278K$644K−$366K$183K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $297K$246K$51K$169K 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $254K$231K$23K$117K 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $32K$62K−$30K$94K 990 PDF
FY2020 ViewingFiled with the IRS Nov 12, 2021 $148K$178K−$30K$124K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $147,679 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,159$20,925
I-9 Program service revenuePrior year $129,892$126,000
I-10 Investment incomePrior year $823$754
I-11 Other revenuePrior year −$12,953$0
I-12 Total revenuePrior year $205,921$147,679
I-13 Grants and similar amounts paidPrior year $59,850$53,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $124,681$125,073
I-18 Total expensesPrior year $184,531$178,073
I-19 Revenue less expensesPrior year $21,390−$30,394
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $147,679 across 5 lines filed
VIII-1f All other contributions, gifts and grants$20,925
VIII-1h Total contributions, gifts and grants$20,925
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $126,000$126,000
VIII-3 Investment incomeExcluded from tax $754$754
VIII-12 Total revenueRelated to mission $126,000 · Unrelated business $0 · Excluded from tax $754$147,679
Part IX · Statement of functional expenses $178,073 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $13,000$13,000
IX-2 Grants to domestic individualsPrograms $40,000$40,000
IX-11g Other fees for servicesPrograms $62,790 · Fundraising $353$63,143
IX-17 TravelPrograms $965$965
IX-19 Conferences, conventions and meetingsPrograms $58,502$58,502
IX-24 Other expenses (24a–d)Management $2,463$2,463
IX-25 Total functional expensesPrograms $175,257 · Management $2,463 · Fundraising $353$178,073
Part X · Balance sheet $147,238 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $162,430$25,894
X-2 Savings and temporary cash investmentsStart of year $120,590$121,344
X-16 Total assetsStart of year $302,398$147,238
X-25 Other liabilitiesStart of year $60,525$23,260
X-26 Total liabilitiesStart of year $148,025$23,260
X-27 Net assets without donor restrictionsStart of year $154,373$123,978
X-32 Total net assets or fund balancesStart of year $154,373$123,978
X-33 Total liabilities and net assetsStart of year $302,398$147,238
Part XI · Reconciliation of net assets $123,978 net assets at year end
XI-1 Total revenue$147,679
XI-2 Total expenses$178,073
XI-3 Revenue less expenses−$30,394
XI-4 Net assets at start of year$154,373
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$123,978

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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