Civic Intelligence

Iola Foundation

990 • Fiscal year 2014 • EIN 26-1906629

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 04, 2015

1313 West 8th Street No 230Los Angeles, CA 90017

(323) 782-4934

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.09x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.03x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

38th percentile

-0.8%

Higher net margin than 38% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$108,271

No earlier filing loaded for comparison.

Net Assets

$98,398

No earlier filing loaded for comparison.

Liabilities

$9,873

No earlier filing loaded for comparison.

Revenue

$346,961

No earlier filing loaded for comparison.

Expenses

$349,909

No earlier filing loaded for comparison.

Net Income

-$2,948

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $108,271Liabilities 2014: $9,873Net Assets 2014: $98,3982014Assets 2015: $248,809Liabilities 2015: $10,274Net Assets 2015: $238,5352015Assets 2016: $201,751Liabilities 2016: $16,971Net Assets 2016: $184,7802016Assets 2017: $373,804Liabilities 2017: $19,855Net Assets 2017: $353,9492017Assets 2018: $523,801Liabilities 2018: $28,952Net Assets 2018: $494,8492018Assets 2019: $1,507,327Liabilities 2019: $40,627Net Assets 2019: $1,466,7002019Assets 2020: $2,369,845Liabilities 2020: $141,711Net Assets 2020: $2,228,1342020Assets 2021: $3,984,891Liabilities 2021: $75,523Net Assets 2021: $3,909,3682021Assets 2022: $2,720,925Liabilities 2022: $273,377Net Assets 2022: $2,447,5482022Assets 2023: $920,376Liabilities 2023: $120,282Net Assets 2023: $800,0942023Assets 2024: $524,299Liabilities 2024: $64,307Net Assets 2024: $459,9922024

Highlighted filing

2014

Assets$108,271
Liabilities$9,873
Net Assets$98,398

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $346,961Expenses 2014: $349,909Net Income 2014: -$2,9482014Revenue 2015: $499,336Expenses 2015: $359,200Net Income 2015: $140,1362015Revenue 2016: $407,184Expenses 2016: $460,939Net Income 2016: -$53,7552016Revenue 2017: $793,887Expenses 2017: $624,718Net Income 2017: $169,1692017Revenue 2018: $915,468Expenses 2018: $774,568Net Income 2018: $140,9002018Revenue 2019: $2,215,523Expenses 2019: $1,243,672Net Income 2019: $971,8512019Revenue 2020: $2,302,564Expenses 2020: $1,541,130Net Income 2020: $761,4342020Revenue 2021: $4,070,092Expenses 2021: $2,388,858Net Income 2021: $1,681,2342021Revenue 2022: $3,113,730Expenses 2022: $4,558,085Net Income 2022: -$1,444,3552022Revenue 2023: $2,504,910Expenses 2023: $4,152,364Net Income 2023: -$1,647,4542023Revenue 2024: $2,136,887Expenses 2024: $2,478,492Net Income 2024: -$341,6052024

Highlighted filing

2014

Revenue$346,961
Expenses$349,909
Net Income-$2,948
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 4, 2015
Return Version
2014v5.0
Gross Receipts
$355,639
Mission and Program Overview

Mission

The It Gets Better Project's mission is to uplift, empower, and connect lesbian, gay, bisexual, transgender, and queer (LGBTQ+) youth around the globe.

The mission of the It Gets Better Project is to communicate to lesbian, gay, bisexual and transgender youth around the world that it gets better, and to create and inspire the changes needed to make it better for them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,793$88,323▼ $12,470
Accounts Receivable-$8,277-
Land, Buildings, and Equipment, Net$1,800$5,703▲ $3,903
Prepaid Expenses and Deferred Charges$4,041$5,268▲ $1,227
Savings and Temporary Cash Investments-$700-
Total Assets$106,634$108,271▲ $1,637
Liabilities
Accounts Payable and Accrued Expenses$5,288$9,873▲ $4,585
Total Liabilities$5,288$9,873▲ $4,585
Net Assets / Fund Balance
Unrestricted Net Assets$101,346$81,784▼ $19,562
Temporarily Rstr Net Assets-$16,614-
Total Net Assets Fund Balance$101,346$98,398▼ $2,948
Total Liabilities and Net Assets / Fund Balance$106,634$108,271▲ $1,637

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,703$1,334$7,037
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward FarleyExecutive DirectorFT$75,000$75,000

Board Members and Trustees

NameTitle
Alan PoulDirector
Brian PinesDirector
Ruben GonzalesDirector
Seth LevyCEO
Stephanie LaffinSecretary
Basak AyterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$330,724
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$16,234
All Other Contributions
$330,724
Change in Net Assets
$-2,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$346,961
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$346,961
Total Revenue per Form 990
$346,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$234,453
Other Expenses$115,456
Total Fundraising Expense$17,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,092$20,710$7,316$137,118
Current Officers, Directors, Trustees, and Key Employees$59,625$11,250$4,125$75,000
Fees for Services Other$22,334$10,962$2,150$35,446
Occupancy$22,685$4,253$1,418$28,356
Office Expenses$12,833$6,738$802$20,373
Payroll Taxes$13,923$2,611$870$17,404
Fees for Services Accounting-$12,187-$12,187
Travel$10,162--$10,162
Other Employee Benefits$3,944$740$247$4,931
Insurance$2,993$561$187$3,741
Fees for Services Legal$1,423$267$89$1,779
Depreciation Depletion$707$133$44$884
Advertising$25-$210$235
Other Expenses$125$64$21$125
All Other Expenses-$75-$75
Total Functional Expenses$261,643$70,728$17,538$349,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$349,909
Total Expenses per Audited Statements$349,909
Total Expenses per Form 990$349,909
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Seth D LevyOfficerPayments made to Nixon Peabody, LLP in which Seth D. Levy is a partner.No$28,356
S Levy S Laffin B PinesShareholders of Hypomania are Directors of IOLA FoundationSublease with Hypomania Content in which Seth Levy, Brian Pines and Stephanie Laffin have an ownership interest but no compensation relating to the transaction.No-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

A copy of Form 990 is provided to the organization's governing body before it is filed, for review.

Form 990, Part VI, Section B, line 12C

The Board of Directors reviews annual conflict of interest disclosures and addresses any issues that arise.

Form 990, Part VI, Section B, line 15

The process for determining compensation for the Executive Director and Key Employees includes a review, discussion and approval by the Board of Directors, who do not have a conflict of interest with respect to the compensation agreement, and independent of the person being compensated. The Board of Directors makes compensation decisions by looking at comparability data, the skills and expertise of the executive and the performance in meeting goals and expectations.

Form 990, Part VI, Section C, line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
IOLA Foundation
EIN
26-1906629
Phone
3237824934
Address
1313 West 8th Street No 230, Los Angeles, CA 90017
Doing Business As
It Gets Better Project

Signing Officer

Name
Seth Levy
Title
CEO
Phone
3237824934
Signed
2015-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Levy
Formed
2008
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
6
Volunteers
0

Preparer

Firm
Harrington Group CPAs LLP
Address
234 East Colorado Blvd Suite M150, Pasadena, CA 91101
Preparer
Sean E Cain CPA
Phone
6264036801
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Organization Mission

Growing up isn't easy. Many young people face daily tormenting and bullying, leading them to feel like they have nowhere to turn. This is especially true for LGBT kids and teens, who often hide their sexuality for fear of bullying. Without other openly gay adults and mentors in their lives, they can't imagine what their future may hold. In many instances, gay and lesbian adolescents are taunted - even tortured - simply for being themselves. While many of these teens couldn't see a positive future for themselves, we can. The It Gets Better Project was created to show young LGBT people the levels of happiness, potential, and positivity their lives will reach. The It Gets Better Project wants to remind youth in the LGBT community that they are not alone - and it will get better. History In September 2010, syndicated columnist and author Dan Savage created a YouTube video with his partner Terry Miller to inspire hope for young people facing harassment. In response to a number of students taking their own lives after being bullied in school, they wanted to create a personal way for supporters everywhere to tell LGBT youth that, yes, it does indeed get better. Their video offered a needed message of hope to lesbian, gay, bisexual and transgender (LGBT) youth. It urged young people to stay true to themselves even through the bullying and other challenges that confronted them in their adolescent years. It described the positive future they could experience as adults. The message was simple, that no matter how difficult things may be, it gets better. That first video was the catalyst for the founding of the It Gets Better Project and ignited a worldwide movement, inspiring more than 60,000 user-created videos viewed more than 50 million times. To date, the project has received submissions from celebrities, organizations, activists, politicians and media personalities, including President Barack Obama, Secretary of State and 2016 Presidential candidate Hillary Clinton, Rep. Nancy Pelosi, Adam Lambert, Anne Hathaway, Colin Farrell, Matthew Morrison of "Glee", Joe Jonas, Joel Madden, Ke$ha, Sarah Silverman, Tim Gunn, Ellen DeGeneres, Suze Orman, the staffs of Google, Facebook, Pixar, The Gap, the Broadway community, and many more. For us, every video changes a life. It doesn't matter who makes it.

Form 990, Part IX, line 11G

Other professional fees: Program service expenses 22,334. Management and general expenses 10,962. Fundraising expenses 2,150. Total expenses 35,446.

Financial Statement Notes

Part X, Line 2:

IOLA Foundation is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by IOLA Foundation in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. IOLA Foundation's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.

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IRS990/Desc0MEDIA PROGRAM: The It Gets Better Project works in all forms of media to bring messages of hope to LGBT youth and to spark conversations about the challenges they confront.The Project's online video collection and social media platforms remain at the center of its global messaging and outreach to youth. The videos have been viewed tens of millions of times, and feature celebrities, musicians, professional athletes, political leaders, and countless everyday LGBT people and their allies, representing all ages, races, religions, nationalities, gender identities, and sexual orientations. Every video offers a unique perspective, but the core message in each is the same: telling LGBT youth that, whatever their circumstances, it gets better.The Project also works to feature the it gets better message through television and film. In partnership with MTV and Logo, it produced a recurring special called It Gets Better, featuring the stories of LGBT young people, their struggles and achievements. As a result, the Project received an Emmy award for its use of the medium of television to achieve social good.The media program of the It Gets Better Project continues to ensure that the it gets better message is routinely featured in print journalism, radio and other forms of media, by working with news organizations around the world to promote the Project's activities and advance discussions about topics important to LGBT youth.Lastly, the Project inspired a New York Times best-selling book titled, It Gets Better: Coming Out, Overcoming Bullying, and Creating a Life Worth Living. The book is a collection of some of the early it gets better stories that are part of the Project's online video collection. Through the It Gets Better Schools and Libraries Project, over 1,500 copies of the book have been donated to school and community libraries around the country.
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY ENGAGEMENT PROGRAM: The It Gets Better Project works directly in communities and collaborates with other organizations to connect LGBT youth with the resources they need and to leverage the Project's mainstream recognition to raise awareness and inspire change.The Project was created by harnessing the power of an ever-growing chorus of voices that banded together to share messages of positivity with LGBT youth. More than just sharing messages, however, the Project participates in pride events, LGBT-oriented conferences and a range of other activities to interact directly with LGBT young people and hear from them about the issues they feel are most important to them. The Project then identifies existing resources or collaborates with partners to develop new resources that address these needs. Through this collaborative approach, the Project has improved the visibility of well-established organizations that provide services for LGBT youth. It has also generated opportunities to focus on emerging issues ranging from the participation of LGBT youth in recreational and professional sports to transgender health and wellness. The Project acts as a bridge for LGBT youth to connect with the community that cares so deeply about them, and uses the power of working together to show LGBT youth a brighter future.
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IRS990/ProgSrvcAccomActy3Grp/Desc0INTERNATIONAL PROGRAM: The It Gets Better Project brings messages of hope to LGBT youth around the world and works globally to inspire change in local communities.The It Gets Better Project has been international in scope since the first it gets better videos appeared online. Beginning in those early days, countless it gets better videos have been offered from supporters around the globe. The videos are diverse in language, culture, and political viewpoint, and feature a range of different issues, but they always demonstrate the unifying theme that it gets better.Building on the momentum of the international videos, the Project has supported programs to benefit LGBT youth on six continents. The programs are as diverse as the Project's collection of videos. They include a museum exhibit in South Africa featuring local it gets better videos, an award-winning film featuring a transgender lead character in Thailand, a program about addressing LGBT bullying at the U.S. embassy in Guadalajara, Mexico and participation in pride festivals in several European capitals. People around the world have found inspiration in the it gets better message, and through that inspiration, the Project continues to identify new ways to create resources and improve the lives of LGBT youth.The Project now also supports a growing network of more than a dozen international affiliates, from Chile and Portugal to Sweden and Australia, each of which uses the power of the it gets better message in its own unique way to facilitate change for LGBT youth. Through coordinated efforts both domestic and overseas, and working alongside its affiliates, the Project is able to bring the expertise of established organizations into regions where resources for LGBT youth are scarce.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IOLA Foundation is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by IOLA Foundation in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. IOLA Foundation's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1S Levy S Laffin B Pines
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Shareholders of Hypomania are Directors of IOLA Foundation
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Growing up isn't easy. Many young people face daily tormenting and bullying, leading them to feel like they have nowhere to turn. This is especially true for LGBT kids and teens, who often hide their sexuality for fear of bullying. Without other openly gay adults and mentors in their lives, they can't imagine what their future may hold. In many instances, gay and lesbian adolescents are taunted - even tortured - simply for being themselves. While many of these teens couldn't see a positive future for themselves, we can. The It Gets Better Project was created to show young LGBT people the levels of happiness, potential, and positivity their lives will reach. The It Gets Better Project wants to remind youth in the LGBT community that they are not alone - and it will get better. History In September 2010, syndicated columnist and author Dan Savage created a YouTube video with his partner Terry Miller to inspire hope for young people facing harassment. In response to a number of students taking their own lives after being bullied in school, they wanted to create a personal way for supporters everywhere to tell LGBT youth that, yes, it does indeed get better. Their video offered a needed message of hope to lesbian, gay, bisexual and transgender (LGBT) youth. It urged young people to stay true to themselves even through the bullying and other challenges that confronted them in their adolescent years. It described the positive future they could experience as adults. The message was simple, that no matter how difficult things may be, it gets better. That first video was the catalyst for the founding of the It Gets Better Project and ignited a worldwide movement, inspiring more than 60,000 user-created videos viewed more than 50 million times. To date, the project has received submissions from celebrities, organizations, activists, politicians and media personalities, including President Barack Obama, Secretary of State and 2016 Presidential candidate Hillary Clinton, Rep. Nancy Pelosi, Adam Lambert, Anne Hathaway, Colin Farrell, Matthew Morrison of "Glee", Joe Jonas, Joel Madden, Ke$ha, Sarah Silverman, Tim Gunn, Ellen DeGeneres, Suze Orman, the staffs of Google, Facebook, Pixar, The Gap, the Broadway community, and many more. For us, every video changes a life. It doesn't matter who makes it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of Form 990 is provided to the organization's governing body before it is filed, for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviews annual conflict of interest disclosures and addresses any issues that arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The process for determining compensation for the Executive Director and Key Employees includes a review, discussion and approval by the Board of Directors, who do not have a conflict of interest with respect to the compensation agreement, and independent of the person being compensated. The Board of Directors makes compensation decisions by looking at comparability data, the skills and expertise of the executive and the performance in meeting goals and expectations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other professional fees: Program service expenses 22,334. Management and general expenses 10,962. Fundraising expenses 2,150. Total expenses 35,446.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Page 1, Organization Mission
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
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