Nonprofit · EIN 31-1103966
INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,373,189 | $5,282,356 | $4,090,833 | $14,025,427 | $729,648 | $13,295,779 |
| June 30, 2024 | 990 | $5,497,159 | $5,470,839 | $26,320 | $10,407,670 | $1,400,182 | $9,007,488 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,297,234
- of which government grants
- $14,500
- Program service revenue
- $689,578
- Investment income
- $381,850
- Net gain from sales of assets
- $69,934
- Other revenue
- $4,527
Expenses
- Grants and similar amounts paid
- $4,246,482
- Compensation of officers, directors and key employees
- $241,495
- Other salaries and wages
- $400,535
- Salaries, compensation and benefits (total)
- $737,099
- Professional fundraising fees
- $15,000
- Legal fees
- $12,293
- Accounting fees
- $78,600
- Travel
- $104
- Program services (functional)
- $4,483,231
- Management and general (functional)
- $463,244
- Fundraising (functional)
- $335,881
Balance sheet and other
- Total assets, start of year
- $10,407,670
- Total assets, end of year
- $14,025,427
- Total liabilities, end of year
- $729,648
- Net assets, end of year
- $13,295,779
- Publicly traded securities
- $4,424,062
- Net assets without donor restrictions
- $1,728,737
- Net assets with donor restrictions
- $11,567,042
- Gross receipts
- $9,821,859
- Employees
- 5
- Volunteers
- 10
- Year formed
- 1984
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANNIE BAILEY | CEO Officer | 40 | $231,310 | $6,966 |
| KELLY RILEY | CHIEF GROWTH OFFICER Highest-paid employee | 40 | $120,974 | $18,958 |
| AISHA GOENS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $115,866 | $10,611 |
| JONATHAN COFFINGTON | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| GINGER LIPPERT | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN SHELLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY COLEMAN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KIRK BEVINGTON | MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN DOWNING JR | MEMBER Trustee or director | 1 | $0 | $0 |
| AARON GILLUM | MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH LERCH | MEMBER Trustee or director | 1 | $0 | $0 |
| SHANEKA PEDERSEN | MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANNIE BAILEY | CEO Officer | 40 | $223,882 | $8,350 |
| KELLY RILEY | CHIEF GROWTH OFFICER Highest-paid employee | 40 | $104,176 | $10,338 |
| SHANEKA PEDERSEN | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| JONATHAN COFFINGTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TIMOTHY COLEMAN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| GINGER LIPPERT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DIANE ARNOLD | MEMBER Trustee or director | 1 | $0 | $0 |
| KIRK BEVINGTON | MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN DOWNING JR | MEMBER Trustee or director | 1 | $0 | $0 |
| AARON GILLUM | MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH LERCH | MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN SHELLEY | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 EAST WALNUT STREET 116, INDIANAPOLIS, IN 46204-1312
- Principal officer (990 for 2024)
- STEPHANNIE BAILEY, 120 EAST WALNUT STREET 116, INDIANAPOLIS, IN 46204
- Signed the 990
- STEPHANNIE BAILEY, CEO
- Phone
- (317) 226-3706
- Website
- IPSFUND.ORG
- Return prepared by
- BLUE & CO LLC
Mission
THE INDIANAPOLIS PUBLIC SCHOOLS FOUNDATION IS AN INDEPENDENT NON-PROFIT THAT SECURES PHILANTHROPIC SUPPORT TO ADVANCE THE STRATEGIC PRIORITIES OF THE INDIANAPOLIS PUBLIC SCHOOLS. WE SUPPORT IPS LEADERSHIP TO DEFINE PRIORITIES FOR PRIVATE INVESTMENT AND WORKS CLOSELY WITH COMMUNITY LEADERS AND PHILANTHROPIC CHAMPIONS TO RAISE MISSION-CRITICAL FUNDING THAT ENABLES IPS TO ACCELERATE PROGRESS.
Program accomplishments
- DISTRICT SUPPORT:GRANTS TO IPS FOR DISTRICT SUPPORT COVER A RANGE OF INVESTMENTS THAT SUPPORT THE STRATEGIC PRIORITIES OF THE DISTRICT IN ORDER TO ADVANCE ACADEMIC ACHIEVEMENT INCLUDING, BUT NOT LIMITED TO, ENSURING ACCESS TO RIGOROUS CURRICULUM, PROMOTING STUDENT ACCESS AND OPPORTUNITY AND FOSTERING STUDENT AND FAMILY ENGAGEMENT.Expenses $4,208,888 · grants $3,986,084 · revenue $689,578
- IPS SCHOOL BASED GRANTS:SCHOOL BASED GRANTS PROVIDE THE OPPORTUNITY FOR TEACHERS AND ADMINISTRATORS TO APPLY FOR FINANCIAL SUPPORT TO CLOSE RESOURCE GAPS AND ENSURE SCHOOLS HAVE CLASSROOM SUPPLIES, PROGRAMMATIC MATERIALS AND EVEN BASIC NEEDS FOR STUDENT LEARNING.Expenses $126,124 · grants $119,713
- SCHOLARSHIPS TO IPS STUDENTS.Expenses $148,219 · grants $140,685
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1103966
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $14,025,427
- Income (IRS master file)
- $9,821,859
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,373,189 | $5,282,356 | $14,025,427 | IRS |
| 990 | June 2024 | $5,497,159 | $5,470,839 | $10,407,670 | XML |
| 990 | June 2023 | $6,355,840 | $5,298,320 | $10,069,153 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1103966).
Questions about INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC
- What is the EIN of INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC is 31-1103966.
- Is INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names STEPHANNIE BAILEY.
- Who are the officers and directors of INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $231,310 (STEPHANNIE BAILEY, CEO).
- How much revenue does INDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,373,189, expenses of $5,282,356 and total assets of $14,025,427 at year end.
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