IBC Education Foundation
Nonprofit profile at a glance
- EIN
- 201593606
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Denver, CO, USA
- Phone
- 3038322000
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $322,355
- Expenses
- $301,155
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- MaeLynn Lewis (President)
Highest reported compensation
- MaeLynn Lewis (President): $98,012 total reported compensation
- Jennifer Lusk (Secretary/Treasurer): $84,502 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organization provides educational materials and classes for community bankers and other interested individuals.
What it reported doing in 2015
Convention - A forum for community bankers to network with each other. Educational presentations are offered and relevant materials are provided throughout the convention.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.2%; rating input score 48
- Program expense ratio: 51.6%; rating input score 52
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.6%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 10.5%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: -17.9% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 48.2% of revenue deployed · 51.6% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $156K in reported program spending
- Leadership: top reported pay $98K · 13 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Sustainability: Operating margin scored 59/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.