INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC

EIN: 311103966 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$5,497,159
Total Expenses
$5,470,839
Total Assets
$10,407,670
Net Assets
$9,007,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
IN
Principal Officer
STEPHANNIE BAILEY
Phone
3172263706
Tax Period
2023-07-01 to 2024-06-30

INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC, founded in 1984, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

THE INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION ("IPSEF") SERVES INDIANA PUBLIC SCHOOL ("IPS") STUDENTS BY SECURING RESOURCES TO ENSURE THE HIGHEST QUALITY EDUCATION EXPERIENCE POSSIBLE.

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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 $4,187,003
Program Service Revenue $938,302
Investment Income $365,757
Other Revenue $6,097
TOTAL REVENUE $5,497,159

Expense Breakdown

Grants Paid $4,512,151
Salaries & Benefits $623,846
Fundraising Expenses $206,429
Program Expenses $4,840,269
Other Expenses $322,654
TOTAL EXPENSES $5,470,839

Year-over-Year Comparison

2023 2022 Change
Revenue $5,497,159 $6,355,840 -0.1%
Expenses $5,470,839 $5,298,320 +0.0%
Net Income $26,320 $1,057,520 -1.0%
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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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
10

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
$232,232
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANNIE BAILEY CEO 40.00
Officer
$223,882 $8,350 $232,232
KELLY RILEY CHIEF GROWTH OFFICER 40.00
Highest
$104,176 $10,338 $114,514
SHANEKA PEDERSEN PRESIDENT 3.00
Officer Director
$0 $0 $0
JONATHAN COFFINGTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY COLEMAN TREASURER 3.00
Officer Director
$0 $0 $0
GINGER LIPPERT SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE ARNOLD MEMBER 1.00
Director
$0 $0 $0
KIRK BEVINGTON MEMBER 1.00
Director
$0 $0 $0
STEPHEN DOWNING JR MEMBER 1.00
Director
$0 $0 $0
AARON GILLUM MEMBER 1.00
Director
$0 $0 $0
ELIZABETH LERCH MEMBER 1.00
Director
$0 $0 $0
KEVIN SHELLEY MEMBER 1.00
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
2025 No data No data No data No data
2024 $5,497,159 $5,470,839 $10,407,670 $26,320
2023 $6,355,840 $5,298,320 $10,069,153 $1,057,520
2022 $5,839,882 $4,160,950 $8,991,095 $1,678,932
2021 $3,526,296 $2,692,166 $6,728,163 $834,130
2020 $3,982,165 $2,251,653 $5,251,599 $1,730,512
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