Iola Foundation EIN 26-1906629

Iola Foundation

EIN  26-1906629 Public foundation / grantmaker Los Angeles, CA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/3/26 · see original filing: IRS
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Size
$1–10M
What they do
Uplifts and empowers LGBTQ+ youth globally through a massive storytelling network, educational resources, and support for local affiliate organizations across four continents.
Leadership
Brian Wenke · Chief Executive Officer · $168K
Money in and out
$2.1M revenue, $2.5M expenses
Bottom line
72% program efficiency

Uplifts and empowers LGBTQ+ youth globally through a massive storytelling network, educational resources, and support for local affiliate organizations across four continents. For fiscal year 2024 it reported $2.1M in revenue, $2.5M in expenses, and $460K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$460K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$342K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.13 Fundraising $0.16
Program efficiency
72%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▼ -15%
Expenses
$2.5M
FY2024▼ -40%
Total assets
$524K
FY2024▼ -43%
Total liabilities
$64K
FY2024▼ -47%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$460K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$342K
Total assetsPt X · Ln 16$524K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

Media

Storytelling is at the heart of our effort to empower LGBTQ+ youth around the globe. We share stories that inspire hope, stories that spark conversations, and stories that can inform and positively influence a sexual orientation and/or gender identity journey.

$844Kprogram expense
02

Education

It Gets Better EDU exists to ensure our uplifting and informative stories reach LGBTQ+ youth and their peers wherever learning takes place. With an impactful youth ambassador program, student-driven grantmaking initiatives, and a growing library of free educational resources for educators and student leaders, thousands of middle and high…

$680Kprogram expense
03

Global

It Gets Better is the world's largest storytelling effort to empower LGBTQ+ youth. Investing in local, like-minded organizations outside the US, It Gets Better brings storytelling and other life-affirming support to communities of LGBTQ+ youth around the globe.By the end of 2024, the It Gets Better Global Affiliate Network spanned 19…

$257Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIola Foundation
EINHdr · item D26-1906629
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.itgetsbetter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$167,954Pt VII · Sec A
SR. Dir., Comm. & Public Relations
$133,370Pt VII · Sec A
SR. Dir., Programs & Operations
$125,727Pt VII · Sec A
Dir., Development
$108,075Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Brian Wenke’s $168K as Chief Executive Officer is at the 70th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brian Wenke$167,954$177,224$190,299$203,000$145,125
Ross Von Metzke$133,370$129,205$120,075$102,235
Justin Tindall$125,727$127,912$117,850$102,235
Eboni Munn$125,695$117,850
Jimmy Ancheta-Tilley JR$108,075$110,568

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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Statement of Revenue

Part VIII
Contributions & grants$2.1M · 99%
Other revenue$12K · 1%
Contributions & grants99%$2.1M
Other revenue1%$12K
Investment income$1K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.13 Fundraising $0.16
Program services72%$1.8M
Management & general13%$311K
Fundraising16%$387K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$505K
Total assetsLn 16$524K
Total liabilitiesLn 26$64K
Total net assetsLn 32$460K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $505K · Operating expenses/yr $2.5M
2.4 months
Where the money goes
Program services
Program services $1.8M · Total expenses $2.5M
72%
Management & General
Management & general $311K · Total expenses $2.5M
13%
Fundraising
Fundraising $387K · Total expenses $2.5M
16%
Cost to raise $1
Fundraising expense (3-yr avg) $360K · Solicited contributions (3-yr avg) $2.6M
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.1M
99%
Government reliance
Government grants — · Total revenue $2.1M
Earned-income share
Program service revenue $0 · Total revenue $2.1M
0%
Investment reliance
Investment income $1K · Total revenue $2.1M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.5M
0%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $2.5M
-15%
Revenue CAGR
FY2020 $2.3M · FY2024 $2.1M
-2%
Net-asset trend (YoY)
End of year $460K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.5M
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $524K
Net-asset ratio
Net assets $460K · Total assets $524K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $524K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brian Wenke · Reported title Chief Executive Officer · Highest reported compensation $168K · Total expenses $2.5M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $2.5M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 13%
Fundraising cost ratio 18%
Revenue growth -15%
Legal fee ratio 1%
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 · FY2025
Total grants receivedfrom 1 funder$6K
Grants paid · 124 grants · $1.2M · 2022–2024
Small Town Open Hearts ProjectFY2024$10,000
Prism UnitedAL · FY2024$10,000
Pride FoundationWA · FY2024$10,000
Phoenix Elementary School District #1FY2024$10,000
Mountain PrideCO · FY2024$10,000
Montour School District GsaFY2024$10,000
Milwaukee Board of School Directors DBA Milwaukee Public SchoolsFY2024$10,000
Tonys PlaceTX · FY2024$10,000
Fairness Wv Institute INCWV · FY2024$10,000
Dubuque Community School DistrictFY2024$10,000
Central Arkansas PrideAR · FY2024$10,000
Boston Prepatory Charter Public School DBA Boston PrepFY2024$10,000
See all 124 grants →

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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)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$2.5M revenue · ⤓ 990 PDF
FY2022$3.1M revenue · ⤓ 990 PDF
FY2021$4.1M revenue · ⤓ 990 PDF
FY2020$2.3M 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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