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Up - Ipade Foundation INC

Tax-deductible

San Diego, CA501(c)(3)Since 2017Community DevelopmentEIN 82-5003404

During the tax year, the organization funded Phase 1 of a university campus development project in Mexico through a structured grantmaking process. Funds were disbursed pursuant to written agreements requiring the recipient to use funds exclusively for charitable and educational purposes consistent with Section 501(c)(3). The organization maintained expenditure responsibility, including pre-grant due diligence, milestone-based disbursements, and ongoing monitoring through financial and operational reporting. The organization does not retain ownership of constructed assets and does not receive any private benefit or economic return from funded projects. The organization does not retain any ownership interest in funded projects and does not receive any economic or private benefit from its activities

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 6
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+8% vs prior year
Spent
$3.3M
To programs
92%
Net assets
$80K
By yearFY2020–FY2025
Revenue
$3.4M
FY2025▲ +8%
Revenue by fiscal year
FY2020$2.9M
FY2021$13K
FY2022$93K
FY2023$1.1M
FY2024$3.1M
FY2025$3.4M
Expenses
$3.3M
FY2025▼ -19%
Expenses by fiscal year
FY2020$2.3M
FY2021$630K
FY2022$93K
FY2023$72K
FY2024$4.1M
FY2025$3.3M
Net assets
$80K
FY2025▲ +78%
Net assets by fiscal year
FY2020$592K
FY2021−$25K
FY2022$51K
FY2023$1.0M
FY2024$45K
FY2025$80K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2018.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $3.0M Management & general 3% · $83K Fundraising 6% · $194K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Dra Fernanda Llergo Bay
President of the Board
$0Pt VII · Sec A
Ana Isabel Cardona Sarmiento
Vice-President of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Up - Ipade Foundation INC 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

Builds a new university campus to support education at all levels.

Provided by the organization

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1 program service account for $3.0M of program spending, described in the organization's own filed words · FY2025.
01

Funded Phase 1 construction of a university campus in Mexico, supporting infrastructure development for higher education serving approximately 5000 students upon completion

$3.0Mprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$4
Money outPt IX
$3.3M
Ln 25
Programscol B$3.0M
Managementcol C$83K
Fundraisingcol D$194K
Owns and owesPt X
$80K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$80K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$4
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Total assetsLn 16$80K
LiabilitiesLn 26$0
Net assetsLn 32$80K
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 FY25End FY25
Cash and savingsLn 1–2$51K$80K
Total assetsLn 16$51K$80K
LiabilitiesLn 26$6K$0
Net assetsLn 32$45K$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.0M$3.0M
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$82K$0$82K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$194K$194K
Investment management feesLn 11f$0$0$0$0
Other expenses (24a–d)Ln 24$1K$0$1K$0
Total functional expensesLn 25$3.3M$3.0M$83K$194K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.4M$3.3M$35K$80K 990 PDF
FY2024 $3.1M$4.1M−$1.0M$45K 990 PDF
FY2023 $1.1M$72K$999K$1.0M 990 PDF
FY2022 $93K$93K−$753$51K 990 PDF
FY2021 $13K$630K−$617K−$25K 990 PDF
FY2020 $2.9M$2.3M$576K$592K 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 (4 parts)
Part VIII · Statement of revenue $3,354,044 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$194,000
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$3,160,040
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$3,354,040
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $4 · Excluded from tax $0$4
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $4 · Excluded from tax $0$3,354,044
Part IX · Statement of functional expenses $3,319,156 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $3,042,000$3,042,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $82,150 · Fundraising $0$82,150
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $194,000$194,000
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $1,006 · Fundraising $0$1,006
IX-25 Total functional expensesPrograms $3,042,000 · Management $83,156 · Fundraising $194,000$3,319,156
Part X · Balance sheet $79,803 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $50,795$79,803
X-16 Total assetsStart of year $50,795$79,803
X-17 Accounts payable and accrued expensesStart of year $5,880$0
X-26 Total liabilitiesStart of year $5,880$0
X-27 Net assets without donor restrictionsStart of year $44,915$79,803
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $44,915$79,803
X-33 Total liabilities and net assetsStart of year $50,795$79,803
Part XI · Reconciliation of net assets $79,803 net assets at year end
XI-1 Total revenue$3,354,044
XI-2 Total expenses$3,319,156
XI-3 Revenue less expenses$34,888
XI-4 Net assets at start of year$44,915
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$79,803

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

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