Joyce Ivy Foundation
- Assets
- $312.0k
- Revenue
- $470.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Ann Arbor, MI
- Founding
- 02/2007
- Data as of
- 08/2023
- EIN
- 20-4008024
Organization Overview
Joyce Ivy Foundation, operating under the name Co Erica M Cameron, is located in Ann Arbor, MI. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2023, Co Erica M Cameron employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Erica M Cameron is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Co Erica M Cameron generated $470.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $487.5k during the year ending 08/2023. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE AWARDED TO 86 YOUNG WOMEN TO ATTEND SUMMER PROGRAMS AT LEADING INSTITUTIONS OF HIGHER EDUCATION (BARNARD UNIVERSITY, BROWN UNIVERSITY, HARVARD UNIVERSITY, JOHNS HOPKINS UNIVERSITY, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, SMITH, GEORGETOWN, SPELMAN AND YALE UNIVERSITY). GRANTS INCLUDED FUNDS FOR TUITION, ROOM, BOARD, TRAVEL AND SUNDRY EXPENSES. THE FOUNDATION ALSO HELPED ARRANGE ADDITIONAL FINANCIAL AID OF APPROXIMATELY 176,551 FOR ITS SCHOLARS.
THE FOUNDATION HELD A SERIES OF FREE VIRTUAL AND IN PERSON PROGRAMMING FOR OUR SCHOLARS AND INTERESTED PARTIES. WE CONDUCTED 5 VIRTUAL PROGRAMS PRIOR TO AUGUST 2023, ON TOPICS RANGING FROM FINANCING YOUR EDUCATION TO FORMING YOUR COLLEGE LIST, PREPARING FOR YOUR SUMMER PROGRAM AND ADVOCATING FOR YOURSELF IN THE COLLEGE APPLICATION PROCESS. IN MAY 2023, THE FOUNDATION HELD A FREE TWO-DAY COLLEGE ADMISSIONS SYMPOSIUM FOR EDUCATORS, PARENTS AND STUDENTS IN SOUTHEAST MICHIGAN. WORKSHOP TOPICS WERE SIMILAR TO THE VIRTUAL SESSIONS OFFERED EARLIER IN THE YEAR AND ALSO FEATURED CASE STUDIES AND STUDENT PANELS. IN ALL, THE FOUNDATION EVENTS DREW OVER 300 PARTICIPANTS AND CONSISTENTLY RECEIVED RAVE REVIEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Knight Executive Di | OfficerTrustee | 40 | $91,900 |
Greg Lewis Director | Trustee | $0 | |
Audrey Dimarzo Secretary | OfficerTrustee | $0 | |
S Caroline Kerr Co Vc Of Th | OfficerTrustee | $0 | |
Valerie Brader Chair Of The | OfficerTrustee | $0 | |
Mike Pritula Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $458,973 |
| Noncash contributions included in lines 1a–1f | $248,780 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,973 |
| Total Program Service Revenue | $0 |
| Investment income | $11,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $187,392 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,544 |
| Pension plan accruals and contributions | $5,176 |
| Other employee benefits | $0 |
| Payroll taxes | $13,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,158 |
| Advertising and promotion | $3,750 |
| Office expenses | $33,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,327 |
| Travel | $6,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,461 |
| All other expenses | $0 |
| Total functional expenses | $487,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,722 |
| Savings and temporary cash investments | $90,182 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $207,058 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $311,962 |
| Accounts payable and accrued expenses | $4,643 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,643 |
| Net assets without donor restrictions | $307,319 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $311,962 |