Ibtta Foundation FY2024 filing

Tax-deductible

Washington, DC501(c)(3)Since 2007EducationEIN 20-8809804Revenue $278K in FY2024

On file with the IRSibtta.org/foundation1101 14th St Nw Ste 625, 20005-5666 · Washington, DCTax-exempt since May 2009Publicly supported charity — 170(b)(1)(A)(vi)

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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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 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
$111K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 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
$278K
-6% vs prior year
Spent
$644K
To programs
80%
Net assets
$183K
By yearFY2020–FY2025
Revenue
$278K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$148K
FY2021$32K
FY2022$254K
FY2023$297K
FY2024$278K
FY2025$273K
Expenses
$644K
FY2024▲ +162%
Tap a bar for its year
Expenses by fiscal year
FY2020$178K
FY2021$62K
FY2022$231K
FY2023$246K
FY2024$644K
FY2025$626K
Net assets
$183K
FY2024▲ +8%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

80 cents of each dollar spent went to programs.

Program services 80% · $518K Management & general 13% · $84K Fundraising 6% · $42K

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

8 people listed on the 990.

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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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.

Provided by the organization

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3 programs · $518K · in their 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

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$278K
Ln 12
Fees for servicesLn 2g$202K
Gifts and grantsLn 1h$83K
Investment incomeLn 3$6K
Money outPt IX
$644K
Ln 25
Programscol B$518K
Managementcol C$84K
Fundraisingcol D$42K
Owns and owesPt X
$183K
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$294K
LiabilitiesLn 26$111K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Fundraising eventsLn 1c$18K
Fees for servicesLn 2g$202K
Investment incomeLn 3$6K
Total revenueLn 12$278K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$132K
Cash and savings togetherLn 1–2$199K
Other assetsLn 15$72K
Total assetsLn 16$294K
LiabilitiesLn 26$111K
Net assetsLn 32$183K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$223K$199K
Total assetsLn 16$269K$294K
LiabilitiesLn 26$99K$111K
Net assetsLn 32$169K$183K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32K$32K
Grants to domestic individualsLn 2$35K$35K
Other salaries and wagesLn 7$253K$174K$51K$28K
Pension plan contributionsLn 8$11K$8K$2K$1K
Other employee benefitsLn 9$63K$43K$13K$7K
Payroll taxesLn 10$18K$12K$4K$2K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$89K$89K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$29$29
Information technologyLn 14$390$390
OccupancyLn 16$15K$10K$3K$2K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$87K$87K
Depreciation, depletion and amortizationLn 22$20K$13K$4K$2K
Other expenses (24a–d)Ln 24$2K$4$2K
Total functional expensesLn 25$644K$518K$84K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $273K$626K−$353K$200K 990 PDF
FY2024 Viewing $278K$644K−$366K$183K 990 PDF
FY2023 $297K$246K$51K$169K 990 PDF
FY2022 $254K$231K$23K$117K 990 PDF
FY2021 $32K$62K−$30K$94K 990 PDF
FY2020 $148K$178K−$30K$124K 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
See the full FY2024 990 (6 parts)
Part I · Summary $278,451 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $135,750$82,550
I-9 Program service revenuePrior year $162,750$201,585
I-10 Investment incomePrior year $4,151$6,428
I-11 Other revenuePrior year −$5,458−$12,112
I-12 Total revenuePrior year $297,193$278,451
I-13 Grants and similar amounts paidPrior year $34,750$67,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$345,017
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $211,562$231,918
I-18 Total expensesPrior year $246,312$644,435
I-19 Revenue less expensesPrior year $50,881−$365,984
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $278,451 across 8 lines filed
VIII-1c Fundraising events$18,400
VIII-1d Related organizations$54,000
VIII-1f All other contributions, gifts and grants$10,150
VIII-1h Total contributions, gifts and grants$82,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,585$201,585
VIII-3 Investment incomeExcluded from tax $6,428$6,428
VIII-8 Net income from fundraising eventsExcluded from tax −$12,112−$12,112
VIII-12 Total revenueRelated to mission $201,585 · Unrelated business $0 · Excluded from tax −$5,684$278,451
Part IX · Statement of functional expenses $644,435 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $32,500$32,500
IX-2 Grants to domestic individualsPrograms $35,000$35,000
IX-7 Other salaries and wagesPrograms $174,376 · Management $50,708 · Fundraising $27,883$252,967
IX-8 Pension plan contributionsPrograms $7,782 · Management $2,263 · Fundraising $1,244$11,289
IX-9 Other employee benefitsPrograms $43,367 · Management $12,611 · Fundraising $6,934$62,912
IX-10 Payroll taxesPrograms $12,304 · Management $3,578 · Fundraising $1,967$17,849
IX-11c Accounting feesManagement $5,800$5,800
IX-11g Other fees for servicesPrograms $89,185$89,185
IX-12 Advertising and promotionPrograms $4,450$4,450
IX-13 Office expensesPrograms $29$29
IX-14 Information technologyManagement $390$390
IX-16 OccupancyPrograms $10,236 · Management $2,977 · Fundraising $1,637$14,850
IX-17 TravelPrograms $8,078$8,078
IX-19 Conferences, conventions and meetingsPrograms $87,403$87,403
IX-22 Depreciation, depletion and amortizationPrograms $13,487 · Management $3,922 · Fundraising $2,157$19,566
IX-24 Other expenses (24a–d)Programs $4 · Management $2,163$2,167
IX-25 Total functional expensesPrograms $518,201 · Management $84,412 · Fundraising $41,822$644,435
Part X · Balance sheet $294,062 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $97,637$66,117
X-2 Savings and temporary cash investmentsStart of year $125,625$132,421
X-4 Accounts receivableStart of year $0$235
X-9 Prepaid expenses and deferred chargesStart of year $2,215$23,204
X-15 Other assetsStart of year $43,344$72,085
X-16 Total assetsStart of year $268,821$294,062
X-17 Accounts payable and accrued expensesStart of year $720$31,894
X-19 Deferred revenueStart of year $98,750$79,000
X-26 Total liabilitiesStart of year $99,470$110,894
X-27 Net assets without donor restrictionsStart of year $169,351$183,168
X-32 Total net assets or fund balancesStart of year $169,351$183,168
X-33 Total liabilities and net assetsStart of year $268,821$294,062
Part XI · Reconciliation of net assets $183,168 net assets at year end
XI-1 Total revenue$278,451
XI-2 Total expenses$644,435
XI-3 Revenue less expenses−$365,984
XI-4 Net assets at start of year$169,351
XI-5 Net unrealized gains (losses) on investments$368
XI-6 Donated services and use of facilities$379,433
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$183,168

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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