Ibis Group
- Assets
- $145.2m
- Revenue
- $42.8m
- Investments
- $96.6m
- Employees
- 4
- Location
- Washington, DC
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-0876000
Organization Overview
Ibis Group is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2022, Ibis Group employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibis Group 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 12/2022, Ibis Group generated $42.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ibis Group has awarded 13 individual grants totaling $2,276,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREAT MINDS NFP IS DEVOTED TO IMPROVING LITERACY FOR CHILDREN AND ADULTS WITH A FOCUS ON SUPPORTING THOSE WITH DYSLEXIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION ASSESSMENT AND GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chi Kim Trustee, Chair | OfficerTrustee | 20 | $0 |
Maria Neira Trustee, Secretary | OfficerTrustee | 10 | $0 |
Jason Griffiths Trustee, Exec Director | OfficerTrustee | 25 | $64,000 |
James Tanton Trustee | Trustee | 5 | $0 |
Sally Shaywitz Trustee | Trustee | 2 | $0 |
Robert Pianta Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Performance Academy Consulting | 12/30/21 | $234,615 |
Zerbe Miller Fingeret Frank & Jadav Legal Services | 12/30/21 | $118,990 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $422,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,415,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,838,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,125,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,387 |
| Pension plan accruals and contributions | $7,010 |
| Other employee benefits | $3,504 |
| Payroll taxes | $15,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,477 |
| Fees for services: Accounting | $15,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $361,149 |
| Fees for services: Other | $191,861 |
| Advertising and promotion | $51,293 |
| Office expenses | $88,967 |
| Information technology | $115,745 |
| Royalties | $0 |
| Occupancy | $28,181 |
| Travel | $129,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,022,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,580,306 |
| Savings and temporary cash investments | $46,019,347 |
| 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 | $0 |
| Investments—other securities | $96,605,935 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,205,588 |
| Accounts payable and accrued expenses | $106,898 |
| Grants payable | $550,000 |
| 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 | $405,003 |
| Total liabilities | $1,061,901 |
| Net assets without donor restrictions | $144,143,687 |
| 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 | $145,205,588 |
Grants Awarded
Over the last fiscal year, Ibis Group has awarded $2,125,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THE ALBERT SHANKER INSTITUTE PURPOSE: EDUCATIONAL GRANT | $50,000 |
READWORKS INC PURPOSE: EDUCATIONAL GRANT | $250,000 |
PROJECT UNITE INC PURPOSE: EDUCATIONAL GRANT | $250,000 |
EXCELINED PURPOSE: EDUCATIONAL GRANT | $250,000 |
STANDARDSWORK INC PURPOSE: EDUCATIONAL GRANT | $250,000 |
DYSLEXIA ALLIANCE FOR BLACK CHILDREN PURPOSE: EDUCATIONAL GRANT | $25,000 |