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Ires Foundation FY2024 filing

Tax-deductible

Saint Paul, MN501(c)(3)Since 1991Arts & CultureEIN 43-1589012

To assist in the development of educational and training opportunities for professional insurance regulators as well as educating the private sector about state insurance regulation.

501(c)(3) charity; gifts are tax-deductible.
82¢ 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
4 of 6
filings with a surplus
Average surplus $11K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293K
+2% vs prior year
Spent
$366K
To programs
82%
Net assets
$309K
By yearFY2020–FY2025
Revenue
$293K
FY2024▲ +2%
Revenue by fiscal year
FY2020$35K
FY2021$156K
FY2022$191K
FY2023$286K
FY2024$293K
FY2025$312K
Expenses
$366K
FY2024▲ +51%
Expenses by fiscal year
FY2020$80K
FY2021$94K
FY2022$183K
FY2023$243K
FY2024$366K
FY2025$244K
Net assets
$309K
FY2024▼ -19%
Net assets by fiscal year
FY2020$268K
FY2021$330K
FY2022$338K
FY2023$382K
FY2024$309K
FY2025$377K

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 Jan 1991.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $299K Management & general 18% · $67K

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

Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation
Sue Stead
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Robin Clover
Vice Chair
$0Pt VII · Sec A
Tim Cercelle
Director
$0Pt VII · Sec A
Janette Adair
President
$0Pt VII · Sec A
Mattia Scharfstein
Vice President
$0Pt VII · Sec A
Lisa Brown
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ires 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

Develops training for insurance regulators and educates the private sector on state regulation.

Provided by the organization

This section is blank until Ires Foundation claims this page.

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1 program service account for $299K of program spending, described in the organization's own filed words · FY2024.
01

Provided education and training in the specialized field of insurance regulation.

$299Kprogram 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 · funders on record
Grants received · FY2020
Emc Insurance FoundationFY2020$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$293K
Ln 12
Fees for servicesLn 2g$182K
Gifts and grantsLn 1h$101K
Investment incomeLn 3$10K
Money outPt IX
$366K
Ln 25
Programscol B$299K
Managementcol C$67K
Owns and owesPt X
$309K
net assets · Ln 32
Cash and savingsLn 1–2$309K
Total assetsLn 16$309K
LiabilitiesLn 26$0
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Fees for servicesLn 2g$182K
Investment incomeLn 3$10K
Total revenueLn 12$293K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$275K
Cash and savings togetherLn 1–2$309K
Total assetsLn 16$309K
LiabilitiesLn 26$0
Net assetsLn 32$309K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$382K$309K
Total assetsLn 16$382K$309K
LiabilitiesLn 26$0$0
Net assetsLn 32$382K$309K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$62K$62K
Other fees for servicesLn 11g$2K$2K
Information technologyLn 14$210$210
TravelLn 17$27K$27K$25
Conferences, conventions and meetingsLn 19$200K$200K
InsuranceLn 23$5K$1K$3K
Other expenses (24a–d)Ln 24$69K$68K$157
All other expensesLn 24e$3K$3K$174
Total functional expensesLn 25$366K$299K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $312K$244K$68K$377K 990 PDF
FY2024 Viewing $293K$366K−$73K$309K 990 PDF
FY2023 $286K$243K$44K$382K 990 PDF
FY2022 $191K$183K$8K$338K 990 PDF
FY2021 $156K$94K$62K$330K 990 PDF
FY2020 $35K$80K−$45K$268K 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 (4 parts)
Part VIII · Statement of revenue $293,202 across 5 lines filed
VIII-1f All other contributions, gifts and grants$101,450
VIII-1h Total contributions, gifts and grants$101,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $181,922$181,922
VIII-3 Investment incomeExcluded from tax $9,830$9,830
VIII-12 Total revenueRelated to mission $181,922 · Unrelated business $0 · Excluded from tax $9,830$293,202
Part IX · Statement of functional expenses $366,280 across 8 lines filed
IX-11a Management feesManagement $62,236$62,236
IX-11g Other fees for servicesManagement $1,524$1,524
IX-14 Information technologyManagement $210$210
IX-17 TravelPrograms $26,520 · Management $25$26,545
IX-19 Conferences, conventions and meetingsPrograms $199,793$199,793
IX-23 InsurancePrograms $1,433 · Management $3,084$4,517
IX-24 Other expenses (24a–d)Programs $68,350 · Management $157$68,507
IX-24e All other expensesPrograms $2,774 · Management $174$2,948
IX-25 Total functional expensesPrograms $298,870 · Management $67,410 · Fundraising $0$366,280
Part X · Balance sheet $308,845 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $91,483$33,575
X-2 Savings and temporary cash investmentsStart of year $290,440$275,270
X-16 Total assetsStart of year $381,923$308,845
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $381,923$308,845
X-33 Total liabilities and net assetsStart of year $381,923$308,845
Part XI · Reconciliation of net assets $308,845 net assets at year end
XI-1 Total revenue$293,202
XI-2 Total expenses$366,280
XI-3 Revenue less expenses−$73,078
XI-4 Net assets at start of year$381,923
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$308,845

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

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