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Ipa Foundation

Tax-deductible

Louisville, KY501(c)(3)Since 1993Foundations & GrantmakersEIN 61-1244412Revenue $712K in FY2025

On file with the IRS3607 Fern Valley Rd, 40219-1916 · Louisville, KYTax-exempt since Nov 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Provide for the well-being of children and their basic needs with a focus on children with exceptional medical requirements.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $85K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $78K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$240
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$712K
+9% vs prior year
Spent
$501K
To programs
99%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$712K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$694K
FY2021$803K
FY2022$791K
FY2023$660K
FY2024$651K
FY2025$712K
Expenses
$501K
FY2025▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$631K
FY2021$606K
FY2022$800K
FY2023$587K
FY2024$674K
FY2025$501K
Net assets
$2.2M
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$2.0M
FY2022$1.7M
FY2023$1.8M
FY2024$1.9M
FY2025$2.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1993.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $497K Management & general 1% · $4K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ipa 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

Gives money and resources to those in need.

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Provided by the organization

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1 program · $497K · in their own filed words · FY2024
01

Through fundraising, provided grants to 48 charities providing services focused on the health and well-being of children, especially those with exceptional medical requirements.

$497Kprogram 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 · FY2024
American Online Giving Foundation INCFY2024$60K
Fidelity Investments Charitable Gift FundFY2024$18K
Total grants receivedfrom 2 funders$78K
Grants paid · 222 grants · $3.5M · 2019–2024
Kids Cancer Alliance INCKY · FY2024$30,000
Orlando Health Foundation INCFL · FY2024$25,000
Operation Backpack 4kids INCKY · FY2024$25,000
Rett Syndrome Research Trust INCCT · FY2024$20,000
US Pain Foundation INCCT · FY2024$15,000
Special Olympics Kentucky INCKY · FY2024$15,000
The Salvation ArmyGA · FY2024$15,000
Project Camp INCKY · FY2024$15,000
Kosair Charities Committee INCKY · FY2024$15,000
Kids Cancer Foundation INCFL · FY2024$15,000
John Clarke Perry CorporationLA · FY2024$15,000
Boy Scouts of AmericaTX · FY2024$15,000
Best Buddies International INCFL · FY2024$15,000
Compassion NeuroscienceTX · FY2024$14,960
Hope Health Clinic INCKY · FY2024$14,349
Feat of Louisville INCKY · FY2024$13,138
Melodic Caring ProjectWA · FY2024$12,399
YMCA Safe Place KYKY · FY2024$10,500
See all 222 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$712K
Ln 12
Gifts and grantsLn 1h$531K
Investment incomeLn 3$181K
Other incomeLn 4–11$901
Money outPt IX
$501K
Ln 25
Programscol B$497K
Managementcol C$4K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$2.2M
LiabilitiesLn 26$240
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$531K
Investment incomeLn 3$181K
Other incomeLn 4–11$901
Gains on assetsLn 7$20K
Total revenueLn 12$712K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
InvestmentsLn 11–13$2.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$240
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$12K$46K
InvestmentsLn 11–13$1.9M$2.1M
Total assetsLn 16$1.9M$2.2M
LiabilitiesLn 26$267$240
Net assetsLn 32$1.9M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$497K$497K
Accounting feesLn 11c$960$960
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$811$811
Other expenses (24a–d)Ln 24$172$172
Total functional expensesLn 25$501K$497K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $712K$501K$211K$2.2M 990 PDF
FY2024 $651K$674K−$23K$1.9M 990 PDF
FY2023 $660K$587K$73K$1.8M 990 PDF
FY2022 $791K$800K−$9K$1.7M 990 PDF
FY2021 $803K$606K$196K$2.0M 990 PDF
FY2020 $694K$631K$63K$1.5M 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 FY2025 990 (6 parts)
Part I · Summary $712,134 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $508,521$530,629
I-9 Program service revenue$0
I-10 Investment incomePrior year $140,928$180,604
I-11 Other revenuePrior year $1,386$901
I-12 Total revenuePrior year $650,835$712,134
I-13 Grants and similar amounts paidPrior year $667,790$497,255
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,767$3,803
I-18 Total expensesPrior year $673,557$501,058
I-19 Revenue less expensesPrior year −$22,722$211,076
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $712,134 across 7 lines filed
VIII-1f All other contributions, gifts and grants$530,629
VIII-1h Total contributions, gifts and grants$530,629
VIII-3 Investment incomeExcluded from tax $160,606$160,606
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,998$19,998
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $901$901
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $181,505$712,134
Part IX · Statement of functional expenses $501,058 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $497,255$497,255
IX-11c Accounting feesManagement $960$960
IX-12 Advertising and promotionManagement $1,860$1,860
IX-13 Office expensesManagement $811$811
IX-24 Other expenses (24a–d)Management $172$172
IX-25 Total functional expensesPrograms $497,255 · Management $3,803 · Fundraising $0$501,058
Part X · Balance sheet $2,157,261 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $11,888$45,592
X-3 Pledges and grants receivableStart of year $6,753$23,495
X-11 Publicly traded securitiesStart of year $1,872,871$2,088,174
X-16 Total assetsStart of year $1,891,512$2,157,261
X-17 Accounts payable and accrued expensesStart of year $267$240
X-26 Total liabilitiesStart of year $267$240
X-27 Net assets without donor restrictionsStart of year $1,891,245$2,157,021
X-32 Total net assets or fund balancesStart of year $1,891,245$2,157,021
X-33 Total liabilities and net assetsStart of year $1,891,512$2,157,261
Part XI · Reconciliation of net assets $2,157,021 net assets at year end
XI-1 Total revenue$712,134
XI-2 Total expenses$501,058
XI-3 Revenue less expenses$211,076
XI-4 Net assets at start of year$1,891,245
XI-5 Net unrealized gains (losses) on investments$54,700
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,157,021

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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