Izabel INC FY2023 filing

Tax-deductible

Forest Park, IL501(c)(3)EducationEIN 84-3510567

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To nurture social/emotional intelligience in children and adults. Through our multiple programs we support the development of essential life skills: flexible thinking, collaboration, compassion, emotional awareness and self-regulation, conflict resolution, altruism, activism, risk-taking and resilience.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $48K a year · 30% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+241% vs prior year
Spent
$203K
To programs
100%
Net assets
$215K
By yearFY2020–FY2024
Revenue
$203K
FY2023▲ +241%
Revenue by fiscal year
FY2020$280K
FY2021$34K
FY2022$60K
FY2023$203K
FY2024$220K
Expenses
$203K
FY2023▲ +97%
Expenses by fiscal year
FY2020$30K
FY2021$51K
FY2022$103K
FY2023$203K
FY2024$170K
Net assets
$215K
FY2023▲ +45%
Net assets by fiscal year
FY2020$245K
FY2021$227K
FY2022$148K
FY2023$215K
FY2024$207K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $203K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Gingi Lahera’s $23K as President is at the 17th percentile of top reported officer pay among 1613 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2024FY2020
Gingi Lahera$23,190$12,000
Juliana Lyman$14,768—

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.

See Izabel 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops social and emotional skills in children and adults through programs fostering life skills.

Provided by the organization

This section is blank until Izabel INC claims this page.

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1 program service account for $203K of program spending, described in the organization's own filed words · FY2023.
01

During our fourth year of operation, we provided arts and educational services to 9 students.

$203Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$33

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$203K
Ln 12
Fees for servicesLn 2g$199K
Other incomeLn 4–11$4K
Investment incomeLn 3$1K
Money outPt IX
$203K
Ln 25
Programscol B$203K
Owns and owesPt X
$215K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$217K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$199K
Investment incomeLn 3$1K
Other incomeLn 4–11$4K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$206K
Total assetsLn 16$217K
LiabilitiesLn 26$2K
Net assetsLn 32$215K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9K$3K
InvestmentsLn 11–13$139K$206K
Total assetsLn 16$148K$217K
LiabilitiesLn 26$0$2K
Net assetsLn 32$148K$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$94K$94K
Payroll taxesLn 10$19K$19K
Management feesLn 11a$16K$16K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$631$631
Office expensesLn 13$4K$4K
OccupancyLn 16$22K$22K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$203K$203K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $220K$170K$50K$207K 990 PDF
FY2023 Viewing $203K$203K$98$215K 990 PDF
FY2022 $60K$103K−$43K$148K 990 PDF
FY2021 $34K$51K−$17K$227K 990 PDF
FY2020 $280K$30K$250K$245K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $203,419 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $198,645$198,645
VIII-3 Investment incomeRelated to mission $1,035$1,035
VIII-8 Net income from fundraising eventsExcluded from tax $2,827$2,827
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $912$912
VIII-12 Total revenueRelated to mission $200,592 · Unrelated business $0 · Excluded from tax $2,827$203,419
Part IX · Statement of functional expenses $203,321 across 10 lines filed
IX-7 Other salaries and wagesPrograms $94,095$94,095
IX-10 Payroll taxesPrograms $19,257$19,257
IX-11a Management feesPrograms $16,351$16,351
IX-11c Accounting feesPrograms $4,093$4,093
IX-12 Advertising and promotionPrograms $631$631
IX-13 Office expensesPrograms $3,656$3,656
IX-16 OccupancyPrograms $22,136$22,136
IX-23 InsurancePrograms $8,929$8,929
IX-24 Other expenses (24a–d)Programs $25,992$25,992
IX-24e All other expensesPrograms $8,181$8,181
IX-25 Total functional expensesPrograms $203,321 · Management $0 · Fundraising $0$203,321
Part X · Balance sheet $216,854 assets, 8 lines filed
Asset lines not itemized here account for $8,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,944$2,847
X-12 Other securitiesStart of year $139,025$206,007
X-16 Total assetsStart of year $147,969$216,854
X-17 Accounts payable and accrued expenses$1,805
X-26 Total liabilitiesStart of year $0$1,805
X-27 Net assets without donor restrictionsStart of year $147,969$215,049
X-32 Total net assets or fund balancesStart of year $147,969$215,049
X-33 Total liabilities and net assetsStart of year $147,969$216,854
Part XI · Reconciliation of net assets $215,049 net assets at year end
XI-1 Total revenue$203,419
XI-2 Total expenses$203,321
XI-3 Revenue less expenses$98
XI-4 Net assets at start of year$147,969
XI-5 Net unrealized gains (losses) on investments$66,982
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$215,049

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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