Ipi Action Fund INC FY2022 filing

Chicago, ILUnknown exempt organization EIN 87-1139095Revenue $1.5M in FY2022

On file with the IRS303 E Wacker Drive Suite 1100 · Chicago, IL

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Increase understanding of public policies and promote nonpartisan political innovation

70¢ of each $1 spent went to programs.
$321K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 4
filings with a surplus
Average surplus $36K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$321K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $703K in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $850K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$97K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+36% vs prior year
Spent
$958K
To programs
70%
Net assets
$1.1M
By yearFY2021–FY2024
Revenue
$1.5M
FY2022▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.5M
FY2023$312K
FY2024$32K
Expenses
$958K
FY2022▲ +178%
Tap a bar for its year
Expenses by fiscal year
FY2021$345K
FY2022$958K
FY2023$455K
FY2024$1.0M
Net assets
$1.1M
FY2022▲ +52%
Tap a bar for its year
Net assets by fiscal year
FY2021$738K
FY2022$1.1M
FY2023$981K
FY2024$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $675K Management & general 30% · $283K

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

6 people listed on the 990; $321K paid to officers and key staff.

Part VII, Section A · reportable compensation
Managing Director
$124,330Pt VII · Sec A
Network Manager
$102,571Pt VII · Sec A
Former Vice President
$94,447Pt VII · Sec A
$0Pt VII · Sec A
President & Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Sylvie Doppelt$142,700$83,154$124,330
Alyssa Larkin$134,200$114,037$102,571
Aaron Menenberg Thru 41322——$94,447

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.

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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 15aYes

Programs and updates

Promotes understanding of public policies and nonpartisan political innovation.

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Provided by the organization

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1 program · $675K · in their own filed words · FY2022
01

Ipi action fund conducts research, messaging, and polling on nonpartisan voting and election process innovations. Ipi action fund also leads advocacy for an election reform policy, conducting meetings and materials to support nonpartisan election reform and final five voting.

$675Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$850K
Grants paid · 2 grants · $543K · 2024–2024
Final-Five Fund INCIL · FY2024$300,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$118K
Investment incomeLn 3$4K
Money outPt IX
$958K
Ln 25
Programscol B$675K
Managementcol C$283K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$1.2M
LiabilitiesLn 26$97K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$118K
Investment incomeLn 3$4K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$150K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$703K
Other assetsLn 15$317K
Total assetsLn 16$1.2M
LiabilitiesLn 26$97K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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 FY22End FY22
Cash and savingsLn 1–2$735K$150K
InvestmentsLn 11–13$703K
Total assetsLn 16$738K$1.2M
LiabilitiesLn 26$0$97K
Net assetsLn 32$738K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$94K$94K
Other salaries and wagesLn 7$201K$161K$40K
Pension plan contributionsLn 8$8K$7K$1K
Other employee benefitsLn 9$11K$9K$1K
Payroll taxesLn 10$25K$22K$3K
Legal feesLn 11b$196K$127K$69K
Accounting feesLn 11c$95K$95K
Other fees for servicesLn 11g$143K$120K$23K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$8K$3K$5K
Information technologyLn 14$13K$16K−$2K
OccupancyLn 16$36K$36K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$103K$97K$6K
Total functional expensesLn 25$958K$675K$283K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32K$1.0M−$971K$0 990 PDF
FY2023 $312K$455K−$142K$981K 990 PDF
FY2022 Viewing $1.5M$958K$519K$1.1M 990 PDF
FY2021 $1.1M$345K$738K$738K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,476,939 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,082,787$1,355,000
I-9 Program service revenuePrior year $0$118,168
I-10 Investment incomePrior year $50$3,771
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,082,837$1,476,939
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $252,615$339,587
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $92,673$618,713
I-18 Total expensesPrior year $345,288$958,300
I-19 Revenue less expensesPrior year $737,549$518,639
Part VI · Governance 1 of 2 board members independent, no flags
VI-1a Voting members of the governing body2
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,476,939 across 6 lines filed
VIII-1d Related organizations$350,000
VIII-1f All other contributions, gifts and grants$1,005,000
VIII-1h Total contributions, gifts and grants$1,355,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,168$118,168
VIII-3 Investment incomeExcluded from tax $3,771$3,771
VIII-12 Total revenueRelated to mission $118,168 · Unrelated business $0 · Excluded from tax $3,771$1,476,939
Part IX · Statement of functional expenses $958,300 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,447$94,447
IX-7 Other salaries and wagesPrograms $161,165 · Management $40,293$201,458
IX-8 Pension plan contributionsPrograms $6,751 · Management $1,064$7,815
IX-9 Other employee benefitsPrograms $9,121 · Management $1,438$10,559
IX-10 Payroll taxesPrograms $21,862 · Management $3,446$25,308
IX-11b Legal feesPrograms $127,035 · Management $69,031$196,066
IX-11c Accounting feesManagement $94,641$94,641
IX-11g Other fees for servicesPrograms $120,320 · Management $23,004$143,324
IX-12 Advertising and promotionPrograms $15,799$15,799
IX-13 Office expensesPrograms $2,620 · Management $5,102$7,722
IX-14 Information technologyPrograms $15,680 · Management −$2,397$13,283
IX-16 OccupancyManagement $35,549$35,549
IX-17 TravelPrograms $2,151$2,151
IX-19 Conferences, conventions and meetingsPrograms $1,237$1,237
IX-23 InsuranceManagement $6,059$6,059
IX-24 Other expenses (24a–d)Programs $96,863 · Management $6,019$102,882
IX-25 Total functional expensesPrograms $675,051 · Management $283,249 · Fundraising $0$958,300
Part X · Balance sheet $1,220,258 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $735,221$149,586
X-4 Accounts receivable$50,514
X-11 Publicly traded securities$703,357
X-15 Other assetsStart of year $2,328$316,801
X-16 Total assetsStart of year $737,549$1,220,258
X-17 Accounts payable and accrued expenses$49,542
X-25 Other liabilitiesStart of year $0$47,359
X-26 Total liabilitiesStart of year $0$96,901
X-27 Net assets without donor restrictionsStart of year $737,549$1,123,357
X-32 Total net assets or fund balancesStart of year $737,549$1,123,357
X-33 Total liabilities and net assetsStart of year $737,549$1,220,258
Part XI · Reconciliation of net assets $1,123,357 net assets at year end
XI-1 Total revenue$1,476,939
XI-2 Total expenses$958,300
XI-3 Revenue less expenses$518,639
XI-4 Net assets at start of year$737,549
XI-8 Prior period adjustments−$132,831
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,123,357

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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