Ipc Education Foundation

Nonprofit profile at a glance

EIN: 831444757
IRS 990 coverage: 2019–2024
Forms available: Form 990 2024
Location: Bannockburn, IL, USA
Phone: 8475972883
Rating: 65
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Education

Official website

Reported finances

Revenue: $39,047
Expenses: $442,696
Assets: $792,526
Liabilities: $2,656,913

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

JOHN MITCHELL (PRESIDENT)

Highest reported compensation

JOHN MITCHELL (PRESIDENT): $2,796,945 total reported compensation
DAVID HERNANDEZ (VP CERTIFICATION & EDUCATION/DIRECTOR): $473,657 total reported compensation
TOM SANDMAN (CFO/SECRETARY/TREASURER): $472,991 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The ipc education foundation creates connections between electronics manufacturers and supply chain companies, academia and the emerging workforce. It works to prepare students for rewarding careers by supplying learning opportunities focused on electronics manufacturing and improving the perception of manufacturing as a stable and well-paid sector.

What it reported doing in 2024

Support the improvement amd dissemination of knowledge in the field of electronics through education and training, distribute scholarships and grants to empower individuals to participate and collaborate with partners to help foster and promote education and training in the electronics industry.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 82% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

Financial Efficiency: 86
Transparency & Controls: 64
Accountability: 47
Sustainability: 12
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 91.6%; rating input score 92
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: 81.1%; rating input score 81; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 25%; rating input score 25; 18th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: -1,033.8%; rating input score 5; 5th percentile among comparable filings
Total-asset coverage ratio: 1.79; rating input score 32; 32nd percentile among comparable filings
Liabilities to assets ratio: 3.35; rating input score 2; 2nd percentile among comparable filings
Officer compensation ratio: 109.3%; rating input score 3; 3rd percentile among comparable filings

Growth

Program expense growth: -5.3% per year; rating input score 0; 37th percentile among comparable filings
Revenue growth: -13.6% per year; rating input score 0; 26th percentile among comparable filings
Asset growth: 9.6% per year; rating input score 100; 79th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 91.6% of spending went to programs
Governance: 1 of 4 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment · $406K in reported program spending
Leadership: top reported pay $2.8M · 5 people listed · 0 of 6 pay-setting controls reported
Consistency: 23 of 24 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes major donors, grants, and executive pay
Filing history: 5 filing years from 2019 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
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.

High — Accountability: Independent voting board scored 25/100.
High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Sustainability: Operating margin scored 5/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Review — Accountability: Governance controls: 2 of 9 not reported.
Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
High — Sustainability: Liabilities to assets ratio scored 2/100.
High — Sustainability: Officer compensation ratio scored 3/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.