Up - Ipade Foundation Inc

Nonprofit profile at a glance

EIN
825003404
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-N 2018
Location
San Diego, CA, USA
Phone
6196776512
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Small Business Development

Reported finances

Revenue
$3,354,044
Expenses
$3,319,156
Assets
$79,803
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Dra Fernanda Llergo Bay (President of the Board)
  • Ana Isabel Cardona Sarmiento (Vice-President of the Board)

People named in this filing

  • Dra Fernanda Llergo Bay (President of the Board)
  • Ana Isabel Cardona Sarmiento (Vice-President of the Board)
  • Alfredo Partida Araujo (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

During the tax year, the organization funded Phase 1 of a university campus development project in Mexico through a structured grantmaking process. Funds were disbursed pursuant to written agreements requiring the recipient to use funds exclusively for charitable and educational purposes consistent with Section 501(c)(3). The organization maintained expenditure responsibility, including pre-grant due diligence, milestone-based disbursements, and ongoing monitoring through financial and operational reporting. The organization does not retain ownership of constructed assets and does not receive any private benefit or economic return from funded projects. The organization does not retain any ownership interest in funded projects and does not receive any economic or private benefit from its activities

What it reported doing in 2025

Funded Phase 1 construction of a university campus in Mexico, supporting infrastructure development for higher education serving approximately 5000 students upon completion

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 55
  • Accountability: 100
  • Sustainability: 36
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.7%; rating input score 91
  • Program expense ratio: 91.6%; rating input score 92
  • Fundraising efficiency: $17.29 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 0%; rating input score 0; 8th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • 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%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: 25.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 20.9% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: -14.9% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 90.7% of revenue deployed · 91.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $3M in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Highest-paid contractors: 1 contractor listed · $194K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 54/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.