Ipi Action Fund INC FY2023 filing

Chicago, ILUnknown exempt organization EIN 87-1139095Revenue $312K in FY2023

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

59¢ of each $1 spent went to programs.
$197K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $728K in investments, Pt X · Ln 11–13
Fine: 2.1 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
$90K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$312K
-79% vs prior year
Spent
$455K
To programs
59%
Net assets
$981K
By yearFY2021–FY2024
Revenue
$312K
FY2023▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.5M
FY2023$312K
FY2024$32K
Expenses
$455K
FY2023▼ -53%
Tap a bar for its year
Expenses by fiscal year
FY2021$345K
FY2022$958K
FY2023$455K
FY2024$1.0M
Net assets
$981K
FY2023▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2021$738K
FY2022$1.1M
FY2023$981K
FY2024$0

From the FY2023 Form 990 · see the original

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $266K Management & general 41% · $188K

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

5 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation
Senior Manager
$114,037Pt VII · Sec A
Executive Director
$83,154Pt VII · Sec A
Treasurer (start June 2023)
$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 · $266K · in their own filed words · FY2023
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.

$266Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Fees for servicesLn 2g$279K
Investment incomeLn 3$31K
Gifts and grantsLn 1h$1K
Money outPt IX
$455K
Ln 25
Programscol B$266K
Managementcol C$188K
Owns and owesPt X
$981K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$1.1M
LiabilitiesLn 26$90K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$279K
Investment incomeLn 3$31K
Other incomeLn 4–11$31
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
InvestmentsLn 11–13$728K
Other assetsLn 15$227K
Total assetsLn 16$1.1M
LiabilitiesLn 26$90K
Net assetsLn 32$981K
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 FY23End FY23
Cash and savingsLn 1–2$150K$80K
InvestmentsLn 11–13$703K$728K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$97K$90K
Net assetsLn 32$1.1M$981K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$104K$104K
Other salaries and wagesLn 7$39K$10K$29K
Pension plan contributionsLn 8$4K$3K$879
Other employee benefitsLn 9$7K$5K$1K
Payroll taxesLn 10$13K$10K$3K
Legal feesLn 11b$72K$24K$48K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$113K$89K$23K
Advertising and promotionLn 12$227$227
Office expensesLn 13$18K$3K$15K
Information technologyLn 14$2K−$885$3K
OccupancyLn 16$38K$38K
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$9K$2K$7K
Total functional expensesLn 25$455K$266K$188K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32K$1.0M−$971K$0 990 PDF
FY2023 Viewing $312K$455K−$142K$981K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $312,293 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,355,000$1,386
I-9 Program service revenuePrior year $118,168$279,456
I-10 Investment incomePrior year $3,771$31,420
I-11 Other revenuePrior year $0$31
I-12 Total revenuePrior year $1,476,939$312,293
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 $339,587$167,631
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $618,713$286,968
I-18 Total expensesPrior year $958,300$454,599
I-19 Revenue less expensesPrior year $518,639−$142,306
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $312,293 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,386
VIII-1h Total contributions, gifts and grants$1,386
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $279,456$279,456
VIII-3 Investment incomeExcluded from tax $31,420$31,420
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $31$31
VIII-12 Total revenueRelated to mission $279,456 · Unrelated business $0 · Excluded from tax $31,451$312,293
Part IX · Statement of functional expenses $454,599 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $104,348$104,348
IX-7 Other salaries and wagesPrograms $10,098 · Management $29,250$39,348
IX-8 Pension plan contributionsPrograms $3,439 · Management $879$4,318
IX-9 Other employee benefitsPrograms $5,307 · Management $1,356$6,663
IX-10 Payroll taxesPrograms $10,317 · Management $2,637$12,954
IX-11b Legal feesPrograms $24,362 · Management $48,072$72,434
IX-11c Accounting feesManagement $14,550$14,550
IX-11g Other fees for servicesPrograms $89,209 · Management $23,475$112,684
IX-12 Advertising and promotionPrograms $227$227
IX-13 Office expensesPrograms $3,214 · Management $15,156$18,370
IX-14 Information technologyPrograms −$885 · Management $3,023$2,138
IX-16 OccupancyManagement $37,577$37,577
IX-17 TravelPrograms $9,747$9,747
IX-19 Conferences, conventions and meetingsPrograms $5,082$5,082
IX-23 InsuranceManagement $5,288$5,288
IX-24 Other expenses (24a–d)Programs $1,795 · Management $7,076$8,871
IX-25 Total functional expensesPrograms $266,260 · Management $188,339 · Fundraising $0$454,599
Part X · Balance sheet $1,071,174 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $149,586$79,570
X-4 Accounts receivableStart of year $50,514$35,885
X-11 Publicly traded securitiesStart of year $703,357$728,352
X-15 Other assetsStart of year $316,801$227,367
X-16 Total assetsStart of year $1,220,258$1,071,174
X-17 Accounts payable and accrued expensesStart of year $49,542$42,764
X-25 Other liabilitiesStart of year $47,359$47,359
X-26 Total liabilitiesStart of year $96,901$90,123
X-27 Net assets without donor restrictionsStart of year $1,123,357$981,051
X-32 Total net assets or fund balancesStart of year $1,123,357$981,051
X-33 Total liabilities and net assetsStart of year $1,220,258$1,071,174
Part XI · Reconciliation of net assets $981,051 net assets at year end
XI-1 Total revenue$312,293
XI-2 Total expenses$454,599
XI-3 Revenue less expenses−$142,306
XI-4 Net assets at start of year$1,123,357
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$981,051

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

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