JOYCE IVY FOUNDATION

EIN: 204008024 501(c)(3) Education

ANN ARBOR, MI

Total Revenue
$580,697
Total Expenses
$447,315
Total Assets
$394,826
Net Assets
$362,121
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer
ERICA CAMERON
Phone
7345480065
Tax Period
2023-09-01 to 2024-08-31

JOYCE IVY FOUNDATION is a small nonprofit in the Education sector that reported $581K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 23% operating margin.

Mission

THE JOYCE IVY FOUNDATION (JIF) WAS ESTABLISHED TO PROVIDE EXPOSURE, ENCOURAGEMENT, COUNSEL, FINANCIAL ASSISTANCE AND EMPLOYMENT SUPPORT TO YOUNG WOMEN WHO HAVE THE ACADEMIC, INTELLECTUAL, AND LEADERSHIP POTENTIAL TO ATTEND THE NATION'S MOST SELECTIVE INSTITUTIONS OF HIGHER EDUCATION. JIF HAS A PROGRAM OF PARTNERING WITH LEADING PRESTIGIOUS UNIVERSITIES TO PROVIDE MATCHING GRANTS AND OTHER SCHOLARSHIPS FOR SUMMER PROGRAMS TO THE SCHOLARS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $526,701
Program Service Revenue $0
Investment Income $13,236
Other Revenue $40,760
TOTAL REVENUE $580,697

Expense Breakdown

Grants Paid $251,058
Salaries & Benefits $151,806
Fundraising Expenses $39,790
Program Expenses $388,340
Other Expenses $44,451
TOTAL EXPENSES $447,315

Year-over-Year Comparison

2023 2022 Change
Revenue $580,697 $470,418 +0.2%
Expenses $447,315 $487,548 -0.1%
Net Income $133,382 $-17,130 -8.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
70

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERICH BAGEN DIRECTOR N/A
Director
$0 $0 $0
FRED BLANK DIRECTOR N/A
Director
$0 $0 $0
VALERIE BRADER CHAIR OF BOA N/A
Officer Director
$0 $0 $0
ERICA CAMERON TREASURER 40.00
Officer Director
$0 $0 $0
AUDREY DIMARZO SECRETARY N/A
Officer Director
$0 $0 $0
ALLYSON CARPENTER DIRECTOR N/A
Director
$0 $0 $0
S CAROLINE KERR DIRECTOR N/A
Officer Director
$0 $0 $0
GREG LEWIS DIRECTOR N/A
Director
$0 $0 $0
MIKE PRITULA DIRECTOR N/A
Director
$0 $0 $0
JASMYN SAMAROO CO VICE CHAI N/A
Director
$0 $0 $0
BRET SILVER DIRECTOR N/A
Director
$0 $0 $0
EMILY TAYLOR DIRECTOR N/A
Director
$0 $0 $0
TIFFANY TAYLOR CO VICE CHAI N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $534,838 $434,170 $394,826 $100,668
2024 $580,697 $447,315 $394,826 $133,382
2023 $470,418 $487,548 $311,962 $-17,130
2022 $451,727 $495,811 $314,412 $-44,084
2021 $432,869 $350,637 $366,029 $82,232
2020 $315,267 $246,570 $286,086 $68,697
2019 $473,808 $436,816 $191,591 $36,992
2018 $524,604 $381,044 $157,746 $143,560
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