Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
69 cents of each dollar spent went to programs.
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
16 people listed on the 990.
Michael Jay Lubben’s $367K as SVP Business Dev. (thru 04/24) is at the 76th percentile of top reported officer pay among 3683 $10–100M 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.
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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
Supports lifelong learning, educational access, and skills development.
Questions for Inceptia
Your first name shows with your question. Inceptia answers here, for everyone.
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Inceptia provides financial literacy education to secondary and higher education students and their families via an online interactive platform; assists students and parents in completing the fafsa verification process; counsels students who have not completed a degree to encourage re-enrollment and degree completion; and advises student…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $0 | $41.1M |
| InvestmentsLn 11–13 | $0 | $151.6M |
| Total assetsLn 16 | $0 | $195.9M |
| LiabilitiesLn 26 | $0 | $1.8M |
| Net assetsLn 32 | $0 | $194.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $26K | $26K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Investment management feesLn 11f | $21K | $21K | ||
| Other fees for servicesLn 11g | $139K | $30K | $109K | |
| Advertising and promotionLn 12 | $33K | $33K | ||
| Office expensesLn 13 | $26K | $20K | $6K | |
| Information technologyLn 14 | $1.2M | $983K | $177K | |
| OccupancyLn 16 | $83K | $55K | $28K | |
| TravelLn 17 | $30K | $2K | $28K | |
| Conferences, conventions and meetingsLn 19 | $21K | $99 | $20K | |
| Payments to affiliatesLn 21 | $371K | $245K | $126K | |
| Depreciation, depletion and amortizationLn 22 | $312K | $305K | $8K | |
| Other expenses (24a–d)Ln 24 | $2.4M | $1.6M | $857K | |
| All other expensesLn 24e | $66K | $23K | $43K | |
| Total functional expensesLn 25 | $4.7M | $3.3M | $1.5M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $14.2M | $16.9M | −$2.6M | $277.0M | 990 PDF |
| FY2024 | $47.7M | $17.6M | $30.1M | $255.4M | 990 PDF |
| FY2023 Viewing | $204.3M | $4.7M | $199.6M | $194.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $204,344,227 revenue, 12 lines filed
Part VI · Governance 5 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $204,344,227 across 7 lines filed
Part IX · Statement of functional expenses $4,735,727 across 14 lines filed
Part X · Balance sheet $195,862,511 assets, 14 lines filed
Part XI · Reconciliation of net assets $194,038,856 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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