Ipa Foundation EIN 61-1244412

Ipa Foundation

EIN  61-1244412 Public foundation / grantmaker Louisville, KY Founded 1993
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Gives money and resources to those in need.
Leadership
Alexandre Theodoro · Trustee
Money in and out
$712K revenue, $501K expenses
Bottom line
99% program efficiency

Gives money and resources to those in need. For fiscal year 2024 it reported $712K in revenue, $501K in expenses, and $2.2M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$712K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $211K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs0% vs prior filing year
Operating runway
51.1mo
months of highly liquid reserves at operating expense rate▲ +52% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ ×10 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$712K
FY2024▲ +9%
Expenses
$501K
FY2024▼ -26%
Total assets
$2.2M
FY2024▲ +14%
Total liabilities
$240
FY2024▼ -10%
Total revenue
$712K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$211K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $497K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIpa Foundation
EINHdr · item D61-1244412
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1993
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50Z)
Ruling yearIRS BMFNov 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$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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Statement of Revenue

Part VIII
Contributions & grants$531K · 75%
Investment income$181K · 25%
Contributions & grants75%$531K
Investment income25%$181K
Other revenue$901
Total revenueLn 12$712K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$497K
Management & general1%$4K
Total functional expensesLn 25$501K

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$2.2M
Total liabilitiesLn 26$240
Total net assetsLn 32$2.2M
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.1M · Operating expenses/yr $501K
51.1 months
Where the money goes
Program services
Program services $497K · Total expenses $501K
99%
Management & General
Management & general $4K · Total expenses $501K
1%
Fundraising
Fundraising $0 · Total expenses $501K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $533K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $531K · Total revenue $712K
75%
Government reliance
Government grants — · Total revenue $712K
Earned-income share
Program service revenue $0 · Total revenue $712K
0%
Investment reliance
Investment income $181K · Total revenue $712K
+25%
Program self-sufficiency
Program service revenue $0 · Total expenses $501K
0%
Growth & trend
Revenue growth (YoY)
This year $712K · Prior year $651K
+9%
Revenue CAGR
FY2019 $694K · FY2024 $712K
+1%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $712K · Expenses $501K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.2M
97%
People & payroll
Highest Reported Total Compensation
Individual Alexandre Theodoro · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $501K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $501K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Revenue growth 9%

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
Total grants receivedfrom 2 funders$78K
Grants paid · 222 grants · $3.5M · 2019–2024
Kids Cancer Alliance INCKY · FY2024$30,000
Operation Backpack 4kids INCKY · FY2024$25,000
US Pain Foundation INCCT · FY2024$15,000
The Salvation ArmyGA · FY2024$15,000
Project Camp INCKY · FY2024$15,000
Kids Cancer Foundation INCFL · FY2024$15,000
Boy Scouts of AmericaTX · 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 →

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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$651K revenue · ⤓ 990 PDF
FY2023$660K revenue · ⤓ 990 PDF
FY2022$791K revenue · ⤓ 990 PDF
FY2021$803K revenue · ⤓ 990 PDF
FY2020$694K 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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