I E S Language Foundation EIN 68-0023889

I E S Language Foundation FY2022 filing

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I E S Language Foundation is a nonprofit based in San Jose, CA. For fiscal year 2022 it reported $655K in revenue, $610K in expenses, and $-686K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
San Jose, CA
Website
ieslanguages.org
Filings
5 on file (2020–2022)
Revenue
$655KFY2022
Expenses
$610K
Net assets
$-686K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  68-0023889 Public charity (501(c)(3)) San Jose, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
a nonprofit
Leadership
Dan Levitan · President
Money in and out
$655K revenue, $610K expenses
Bottom line
82% program efficiency
Where the money goes · FY2022
Total revenue
$655K
Pt VIII · Ln 12
Total expenses
$610K
Pt IX · Ln 25
Net assets
$-686K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $45K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs
Operating runway
1.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$655K
FY2022▲ +7%
Expenses
$610K
FY2022▼ -4%
Total assets
$112K
FY2022▼ -17%
Total liabilities
$799K
FY2022▼ -8%
Total revenue
$655K
Pt VIII · Ln 12
Total expenses
$610K
Pt IX · Ln 25
Net assets
$-686K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $503K of program spending, described in the organization's own filed words · FY2022.
01

Children's foreign language classes and related income

$503Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CI E S Language Foundation
EINHdr · item D68-0023889
Principal addressHdr · item CSan Jose, CA
WebsiteHdr · item Jieslanguages.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$655K
Total revenueLn 12$655K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$503K
Management & general18%$107K
Total functional expensesLn 25$610K

Balance Sheet

Part X · end of year
CashLn 1$56K
Total assetsLn 16$112K
Total liabilitiesLn 26$799K
Total net assetsLn 32$-686K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $56K · Operating expenses/yr $610K
1.1 months
Where the money goes
Program services
Program services $503K · Total expenses $610K
82%
Management & General
Management & general $107K · Total expenses $610K
18%
Fundraising
Fundraising $0 · Total expenses $610K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $655K
0%
Government reliance
Government grants — · Total revenue $655K
Earned-income share
Program service revenue $655K · Total revenue $655K
100%
Investment reliance
Investment income $0 · Total revenue $655K
0%
Program self-sufficiency
Program service revenue $655K · Total expenses $610K
107%
Growth & trend
Revenue growth (YoY)
This year $655K · Prior year $611K
+7%
Net-asset trend (YoY)
End of year $-686K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $655K · Expenses $610K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
Net-asset ratio
Net assets $-686K · Total assets $112K
-612%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $112K
0%
People & payroll
Highest Reported Total Compensation
Individual Dan Levitan · Reported title President · Highest reported compensation $0 · Total expenses $610K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $430K · Total expenses $610K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Revenue growth 7%
Investment management fee ratio 0%
Legal fee ratio 0.07%
Accounting fee ratio 0.3%
Fundraising fee ratio 0%

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.

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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)$542K revenue · ⤓ 990 PDF
FY2023$701K revenue · ⤓ 990 PDF
FY2022$655K revenue · viewing · ⤓ 990 PDF
FY2021$611K revenue · ⤓ 990 PDF
FY2020$690K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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