Ioa Inc

Nonprofit profile at a glance

EIN
301169881
IRS 990-PF coverage
2020–2022
Forms available
Form 990-PF 2022
Location
Boca Raton, FL, USA
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$72,737
Expenses
$969,076

Source: IRS Form 990-PF. Selected filing: tax year 2022. Amounts in USD.

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2022

The foundation reported 3 grants totaling $933,899. The stated grant purposes included grant l - provide an in-kind non-cash donation of the following: supplies including but not limited to: sports equipment tennis court power blowers and vacuums tennis nets tennis posts youth clothing and uniforms computers monitors computer accessories laptops monitors speakers printers disk drives classroom supplies portable tables and chairs for classrooms and social events disposable supplies for classrooms and social events., grant n - assist in the building of swimming pools for the centers athletics program., and grant m - assist in the construction expansion of the barrier wall surrounding the center..

Operating model

Revenue model
Donor-supported. 96% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 96
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 2

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 96th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 96.4%; rating input score 96; 87th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 1.21; rating input score 2; 2nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 2th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • High — Endowment Health: Endowment-health comparison scored 2/100.