Civic Intelligence

Iab Education Foundation

990 • Fiscal year 2015 • EIN 47-2617174

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

116 East 27th Street 7th FLNew York, NY 10016

(212) 380-4700

Siviq Scores

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

Liabilities / Assets

90th percentile

0.86x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

0.87x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Net Margin

78th percentile

15%

Higher net margin than 78% of similar nonprofits.

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$883,891

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 147.3% of source-year revenue.

2015 filings • NTEE S • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Assets

$612,283

No earlier filing loaded for comparison.

Net Assets

$88,475

No earlier filing loaded for comparison.

Liabilities

$523,808

No earlier filing loaded for comparison.

Revenue

$600,001

No earlier filing loaded for comparison.

Expenses

$511,526

No earlier filing loaded for comparison.

Net Income

$88,475

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.

$6.0M$4.0M$2.0M$0Assets 2015: $612,283Liabilities 2015: $523,808Net Assets 2015: $88,4752015Assets 2016: $4,032,154Liabilities 2016: $2,040,818Net Assets 2016: $1,991,3362016Assets 2017: $1,160,379Liabilities 2017: $422,837Net Assets 2017: $737,5422017Assets 2018: $650,649Liabilities 2018: $45,000Net Assets 2018: $605,6492018Assets 2019: $7,266Liabilities 2019: $2,054Net Assets 2019: $5,2122019Assets 2020: $7,208Liabilities 2020: $2,684Net Assets 2020: $4,5242020Assets 2021: $4,507Liabilities 2021: $1,100Net Assets 2021: $3,4072021

Highlighted filing

2015

Assets$612,283
Liabilities$523,808
Net Assets$88,475

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $600,001Expenses 2015: $511,526Net Income 2015: $88,4752015Revenue 2016: $3,297,387Expenses 2016: $1,394,526Net Income 2016: $1,902,8612016Revenue 2017: $309,347Expenses 2017: $963,141Net Income 2017: -$653,7942017Revenue 2018: $160,700Expenses 2018: $292,593Net Income 2018: -$131,8932018Revenue 2019: $0Expenses 2019: $600,437Net Income 2019: -$600,4372019Revenue 2020: $0Expenses 2020: $688Net Income 2020: -$6882020Revenue 2021: $0Expenses 2021: $1,117Net Income 2021: -$1,1172021

Highlighted filing

2015

Revenue$600,001
Expenses$511,526
Net Income$88,475
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$600,001
Mission and Program Overview

Mission

The iab education foundation is a charitable foundation whose mission is to grow the media and marketing capabilities of companies by developing a diverse workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$7,060▲ $7,060
Savings and Temporary Cash Investments$0$5,001▲ $5,001
Accounts Receivable$0$222▲ $222
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$612,283▲ $612,283
Other Assets Total$0$600,000▲ $600,000
Liabilities
Other Liabilities$0$505,855▲ $505,855
Accounts Payable and Accrued Expenses$0$17,953▲ $17,953
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$523,808▲ $523,808
Net Assets / Fund Balance
Unrestricted Net Assets$0$88,475▲ $88,475
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$88,475▲ $88,475
Total Liabilities and Net Assets / Fund Balance$0$612,283▲ $612,283

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$600,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim ArmstrongChairman
Bruce GordonDirector
Patrick DolanDirector
Randall RothenbergDirector
Michael TheodoreExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$600,000
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$88,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$481,526
Grants and Similar Amounts Paid$30,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$340,539--$340,539
Other Expenses-$60,000-$60,000
Travel$35,734--$35,734
Grants to Domestic Orgs$30,000--$30,000
Fees for Services Accounting-$15,000-$15,000
Advertising$10,808--$10,808
Conferences and Meetings$8,608--$8,608
Fees for Services Legal$6,558--$6,558
Office Expenses$341$2,494-$2,835
Information Technology$1,444--$1,444
Total Functional Expenses$434,032$77,494$0$511,526
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mk Level Playing Field InstituteOakland, CA501(c)(3)general support$30,000
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Interactive Advertising Bureau$505,855
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A. - Line 6

THE INTERACTIVE ADVERTISING BUREAU, INC. ("IAB") IS THE SOLE MEMBER OF THE FOUNDATION. PART VI, SECTION A. - LINE 7A IAB, the sole member, elects the directors of the foundation on an annual basis. PART VI, SECTION B. - LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED.

Part VI, Section C. - Line 19

The foundation does not make its governing documents, conflict of interest policy and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Iab Education Foundation
EIN
47-2617174
In Care Of
% JEANIE CARSTENSEN
Phone
2123804700
Address
116 EAST 27TH STREET 7TH FL, NEW YORK, NY 10016

Signing Officer

Name
Tim Armstrong
Title
Chairman
Phone
2123804700
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Armstrong
Formed
2014
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY L
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004-1405
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part I - Line 5

IAB has affiliation agreements with the Foundation to provide, among other things, office space, certain professional services, staffing, office services and other administrative support in exchange for monetary compensation as defined in the agreements. The agreements are automatically renewable each year unless written notice is provided by either party. PART III - LINE 1 THE IAB EDUCATION FOUNDATION (THE "FOUNDATION") IS A CHARITABLE FOUNDATION, A SUBSIDIARY OF THE INTERACTIVE BUREAU (IAB), WHOSE MISSION IS TO GROW THE MEDIA AND MARKETING CAPABILITIES OF COMPANIES BY DEVELOPING A PROFESSIONAL AND DIVERSE WORKFORCE THROUGH EDUCATION, TRAINING AND CERTIFICATION. TO SOLVE THE TWIN PROBLEMS OF A SKILL GAP AND LACK OF DIVERSITY IN THE DIGITAL AD TECH INDUSTRY, THE IAB EDUCATION FOUNDATION IS DEVELOPING SPECIAL ENTRY-LEVEL INSTRUCTIONAL AND CERTIFICATION PROGRAMS FOR UNDERSERVED CONSTITUENCIES, PARTNERING WITH COMMUNITY COLLEGES AND E-LEARNING COMPANIES TO PROVIDE THE TRAINING, AND THEN PLACING OF GRADUATES OF THE PROGRAM INTO ENTRY-LEVEL Positions.

Form 990 Part IX Line 11G

Description:consulting total fees:340539

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE MISSION OF TTHE IAB EDUCATION FOUNDATION IS TO SUPPORT AND CARRY-OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF INTERACTIVE ADVERTISING BUREAU (ITS SOLE MEMBER), A DELAWARE CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). SPECIFICALLY, IAB EDUCATION FOUNDATION WILL WORK TO EXPAND CAREER OPPORTUNITIES IN THE DIGITAL ADVERTISING INDUSTRY FOR UNDERREPRESENTED CONSTITUENCIES SUCH AS WOMEN, MINORITIES, DISABLED PERSONS, AND VETERANS. IAB EDUCATION FOUNDATION WILL ENGAGE IN ACTIVITIES INVOLVING INDIVIDDUAL INSTRUCTION FOR THE PURPOSE OF IMPROVING AND DEVELOPING INDIVIDUALS' CAPABILITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A - 2
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO INTERACTIVE ADVERTISING BUREAU
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0general support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MK LEVEL PLAYING FIELD INSTITUTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL THEODORE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PATRICK DOLAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2RANDALL ROTHENBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IAB has affiliation agreements with the Foundation to provide, among other things, office space, certain professional services, staffing, office services and other administrative support in exchange for monetary compensation as defined in the agreements. The agreements are automatically renewable each year unless written notice is provided by either party. PART III - LINE 1 THE IAB EDUCATION FOUNDATION (THE "FOUNDATION") IS A CHARITABLE FOUNDATION, A SUBSIDIARY OF THE INTERACTIVE BUREAU (IAB), WHOSE MISSION IS TO GROW THE MEDIA AND MARKETING CAPABILITIES OF COMPANIES BY DEVELOPING A PROFESSIONAL AND DIVERSE WORKFORCE THROUGH EDUCATION, TRAINING AND CERTIFICATION. TO SOLVE THE TWIN PROBLEMS OF A SKILL GAP AND LACK OF DIVERSITY IN THE DIGITAL AD TECH INDUSTRY, THE IAB EDUCATION FOUNDATION IS DEVELOPING SPECIAL ENTRY-LEVEL INSTRUCTIONAL AND CERTIFICATION PROGRAMS FOR UNDERSERVED CONSTITUENCIES, PARTNERING WITH COMMUNITY COLLEGES AND E-LEARNING COMPANIES TO PROVIDE THE TRAINING, AND THEN PLACING OF GRADUATES OF THE PROGRAM INTO ENTRY-LEVEL Positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INTERACTIVE ADVERTISING BUREAU, INC. ("IAB") IS THE SOLE MEMBER OF THE FOUNDATION. PART VI, SECTION A. - LINE 7A IAB, the sole member, elects the directors of the foundation on an annual basis. PART VI, SECTION B. - LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:CONSULTING TOTAL FEES:340539
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I - LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A. - LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION C. - LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0IAB
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INTERACTIVE ADVERTISING BUREAU INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IAB TECHNOLOGY LABORATORY INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)

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