Izzy Foundation INC EIN 45-3459440 Form 990 (PDF) Claim this org

Izzy Foundation INC FY2020 filing

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Designs, funds, and inspires creative projects for families with children facing serious medical conditions. For fiscal year 2020 it reported $182K in revenue, $167K in expenses, and $245K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Providence, RI
Website
theizzyfoundation.org
Filings
5 on file (2020–2020)
Revenue
$182KFY2020
Expenses
$167K
Net assets
$245K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3459440 Public charity (501(c)(3)) Providence, RI
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Designs, funds, and inspires creative projects for families with children facing serious medical conditions.
Leadership
Erin Scott · Executive Director · $65K
Money in and out
$182K revenue, $167K expenses
Bottom line
53% program efficiency
Where the money goes · FY2020
Total revenue
$182K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs
Operating runway
18.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$182K
FY2020
Expenses
$167K
FY2020
Total assets
$260K
FY2020
Total liabilities
$15K
FY2020
Total revenue
$182K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$260K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $89K of program spending, described in the organization's own filed words · FY2020.
01

The izzy family room is located on the 5TH floor of the hasbro children's hospital & is a space for inpatient families. Children undergoing cancer treatments and other illnesses are often in the hospital for prolonged stays, sometimes lasting months.

$89Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIzzy Foundation INC
EINHdr · item D45-3459440
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jtheizzyfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFSep 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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
Executive Director
$65,160Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Carla Mulhern’s $83K as Executive Director is at the 75th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Carla Mulhern$83,019
Carla Izzard$83,000$61,442
Erin Scott$17,509$65,160

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$174K · 95%
Other revenue$8K · 5%
Contributions & grants95%$174K
Other revenue5%$8K
Total revenueLn 12$182K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$89K
Management & general47%$78K
Total functional expensesLn 25$167K

Balance Sheet

Part X · end of year
CashLn 1$259K
Total assetsLn 16$260K
Total liabilitiesLn 26$15K
Total net assetsLn 32$245K
Months of cash on handcomputed18.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $259K · Operating expenses/yr $167K
18.5 months
Where the money goes
Program services
Program services $89K · Total expenses $167K
53%
Management & General
Management & general $78K · Total expenses $167K
47%
Fundraising
Fundraising $0 · Total expenses $167K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $174K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $174K · Total revenue $182K
95%
Government reliance
Government grants — · Total revenue $182K
Earned-income share
Program service revenue $0 · Total revenue $182K
0%
Investment reliance
Investment income $0 · Total revenue $182K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $167K
0%
Growth & trend
Revenue growth (YoY)
This year $182K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $245K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $182K · Expenses $167K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $260K
Net-asset ratio
Net assets $245K · Total assets $260K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $260K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erin Scott · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $65K · Total expenses $167K
39%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $88K · Total expenses $167K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
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 · FY2024
See all 8 funders →
Grants paid · 2 grants · $26K · 2020–2024
Unitemized GrantFY2024$8,064
Unitemized GrantFY2020$17,500

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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)$266K revenue · ⤓ 990 PDF
FY2023$358K revenue · ⤓ 990 PDF
FY2022$126K revenue · ⤓ 990 PDF
FY2021$265K revenue · ⤓ 990 PDF
FY2020$182K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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