Overview
What is Ipa Foundation?
The Ipa Foundation is a nonprofit organization situated in Louisville, Kentucky, with a specific focus on children with exceptional medical needs. They achieve this by raising funds and distributing grants to 50 charitable organizations. Their mission is to enhance the well-being of these children and cater to their basic needs, aiming to make significant, life-altering differences in their lives. The Ipa Foundation's activities are centered around providing essential support, ensuring that these children can live as comfortably and healthily as possible.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Ipa Foundation's performance is rated as needing improvement, with an overall score of 67%. This rating reflects strong financial management, particularly highlighted by a high program expense ratio of 99.46%, indicating that the majority of funds are directed towards its programs. The foundation also benefits from having a fully independent board, which is crucial for maintaining accountability and governance.
However, several significant limitations have been noted. The foundation has not provided financial statements, which contributes to a low score in that category, and various essential policies, including a conflict of interest policy and a whistleblower policy, are missing. Additionally, the lack of a website listed on the tax form and other transparency issues have impacted its overall rating and accountability metrics.
The foundation's liabilities to assets ratio is commendable at 0.60%, suggesting a stable financial position. Despite its strengths in program expenditure and governance, the lack of transparency and essential documentation may hinder trust among potential donors and stakeholders, highlighting the need for improvements in its operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ipa Foundation legitimate?
Ipa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ipa Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ipa Foundation?
The Ipa Foundation's mission is centered around enhancing the well-being of children, with a particular focus on those with exceptional medical requirements. The organization strives to make life-altering differences in these children's lives. Through fundraising efforts, the Ipa Foundation provides grants to 51 charities that offer services to children with unique medical needs. Their work aims to meet the basic needs of these children, ensuring they lead fulfilling lives.
Who is the CEO of Ipa Foundation?
Dan Bradley is the Trustee of Ipa Foundation.
What is the revenue of Ipa Foundation?
Ipa Foundation's revenue in 2022 was $790,631.
Who are the executives of Ipa Foundation and what are their salaries?
There 19 volunteers at Ipa Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ipa Foundation?
Ipa Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ipa Foundation
Ipa Foundation, a nonprofit organization, is committed to ensuring the well-being of children with exceptional medical needs. Their mission is centered around providing for these children's basic needs and making life-altering differences in their lives. The organization achieves this by raising funds and distributing grants to various charities that offer services to children with unique medical requirements. By doing so, Ipa Foundation plays a significant role in improving the lives of these children, offering them the care and support they need during challenging times.
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Impact
July, 2024
Ipa Foundation has made a significant impact by providing for the well-being of children with exceptional medical requirements. Through fundraising efforts and grants to 51 charities dedicated to serving these children, the foundation has brought about life-changing differences in their lives. This focus on addressing the basic needs of these vulnerable children reflects a deep commitment to philanthropy and improving the quality of life for those in need.
This information is meant to be a general summary of Ipa Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $106,845
- Gross Receipts: $790,631
Assets and Liabilities:
- Total Assets: $1,755,138
- Total Liabilities: $92,650
- Net Assets: $1,662,488
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Organization Details
Founding Year
1993
Phone
(502) 968-0341Principal Officer
Dan Bradley
Main Address
3607 FERN VALLEY ROAD, LOUISVILLE, KY, 402191916
NTEE Category
Code: T50Z - Philanthropy
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