2025-11-08T11:17:31-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 260876000 IBIS GROUP IBIS 2022231854 55 M ST SE 340 WASHINGTON DC 20003 CHI KIM CHAIRMAN, BOARD OF TRUSTEES 2022231854 2025-11-05 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-05 2024 2025-03-06 01:10:19Z CHI KIM 55 M ST SE 340 WASHINGTON DC 20003 2077213 0 X WWW.THEIBISGROUP.ORG X 2007 DC THE IBIS GROUP IS DEVOTED TO IMPROVING LITERACY FOR CHILDREN AND ADULTS WITH A FOCUS ON SUPPORTING THOSE WITH DYSLEXIA. 9 6 0 6 0 0 0 69 0 0 2117460 2074144 0 3000 2117460 2077213 9320483 11666476 0 0 88000 0 0 0 0 1000445 2218194 10408928 13884670 -8291468 -11807457 111108727 78214832 3787964 5994355 107320763 72220477 EMPOWER STUDENTS WITH THE KNOWLEDGE AND SKILLS TO BECOME LITERATE, ENGAGED, AND CONTRIBUTING MEMBERS OF THEIR COMMUNITIES. 0 0 13249240 11666476 SUPPORT EDUCATION ASSESSMENT BY GRANT MAKING 13249240 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 X 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ANNE SAMAK DE LA CERDA 2022231854 55 M ST SE 340 WASHINGTON DC 20003 CHI KIM TRUSTEE, CHAIR 20.00 0.00 X X 0 0 0 MARIA NEIRA TRUSTEE, SECRETARY 10.00 20.00 X X 0 122801 0 JASON GRIFFITHS TRUSTEE, EXECUTIVE DIRECTOR 20.00 15.00 X X 186600 468229 0 JAMES TANTON TRUSTEE 5.00 0.00 X 0 0 0 SALLY SHAYWITZ TRUSTEE 2.00 0.00 X 0 0 0 ROBERT PIANTA TRUSTEE 2.00 0.00 X 0 0 0 TERI LAWLER TRUSTEE 2.00 0.00 X 0 0 0 DAWN BROOKS DE COSTA TRUSTEE 2.00 0.00 X 0 0 0 JOHN LONGLEY TRUSTEE 2.00 0.00 X 0 0 0 LYNNE MUNSON FORMER TRUSTEE/EXECUTIVE DIRECTOR 0.00 40.00 X 0 2316153 56277 186600 2907183 56277 1 1 1 0 ILO GROUP LLC 304 PECAN RIDGE CT MATTHEWS NC 28104 TEACHER CREDENTIALING 350000 WHITEBOARD ADVISORS 1000 POTOMAC ST NW SUITE 150 WASHINGTON DC 20007 STRATEGIC CONSULTING 273797 GREENHEART CREATIVE LLC DBA CIRCUS PI 4836 TRAIL CREST CIRCLE AUSTIN TX 787356355 CONTENT CREATION 218227 TYTON PARTNERS CONSULTING LLC 75 FEDERAL STREET SUITE 200 BOSTON MA 02110 MARKET STUDY 188500 JASON GRIFFITHS 6421 SE STARK STREET PORTLAND OR 97215 CONSULTING 186600 7 69 69 2074144 2074144 BAD DEBT RECOVERY 900099 3000 3000 3000 2077213 0 0 2077144 X 11666376 11666376 100 100 181205 181205 205931 205931 1616567 1495967 120600 25000 25000 5718 23 5695 35462 35462 81302 42972 38330 24040 18802 5238 3478 3478 39491 39491 13884670 13249240 635430 0 X 352924 128515 42656089 33156089 25236 148579 68074478 44781649 111108727 78214832 57966 96953 3710000 5890000 19998 7402 3787964 5994355 X 107320763 72220477 107320763 72220477 111108727 78214832 X -11807457 -23292829 X X 0 1 X 1 0 X 5500 69 5569 5500 69 5569 0 0 0 5569 8739 2610 422604 2117460 2074144 4625557 8739 2610 422604 2117460 2074144 4625557 8739 8110 422604 2117460 2074213 4631126 0.00120 0.97720 0.99880 0.02280 X 0 44781649 C 44781649 DUE TO GREAT MINDS PUBLIC BENEFIT CORPORATION 7402 7402 X 2077213 0 2077213 0 2077213 13884670 0 13884670 0 13884670 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION IS SUBJECT TO TAXATION ON NET UNRELATED BUSINESS INCOME. DURING THE TAX YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 AIM INSTITUTE OF LEARNING AND RESEARCH 1200 RIVER ROAD CONSHOHOCKEN PA 19428 010849648 501(C)(3) 3000000 0 EDUCATIONAL GRANT FAIR VOTE 8484 GEORGIA AVE SUITE 240 SILVER SPRING MD 20910 541635649 501(C)(3) 50000 0 EDUCATIONAL GRANT INTERNATIONAL DYSLEXIA ASSOCIATION INC 1829 REISTERSTOWN ROAD SUITE 350 PIKESVILLE MD 21208 520953609 501(C)(3) 150000 0 EDUCATIONAL GRANT LSU FOUNDATION 3796 NICHOLSON DR BATON ROUGE LA 70802 726020969 501(C)(3) 25000 0 EDUCATIONAL GRANT MARYLAND STATE DEPARTMENT OF EDUCATION 200 WEST BALTIMORE STREET BALTIMORE MD 21201 526002033 501(C)(3) 350000 0 EDUCATIONAL GRANT MINNESOTA PUBLIC RADIO 480 CEDAR STREET ST PAUL MN 55101 410953924 501(C)(3) 500000 0 EDUCATIONAL GRANT MUHAMMAD ALI MUSEUM AND EDUCATION CENTER INC 144 NORTH 6TH STREET LOUISEVILLE KY 40202 611323046 501(C)(3) 300000 0 EDUCATIONAL GRANT PLANET WORLD 923 13TH STREET NW WASHINGTON DC WA 20005 464894732 501(C)(3) 600000 0 EDUCATIONAL GRANT RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA 1001 NORTH EMMET STREET CHARLOTTESVILLE VA 22904 546001796 501(C)(3) 461376 0 EDUCATIONAL GRANT ROCKEFELLER PHILANTHROPY ADVISORS INC 120 BROADWAY SUITE 3475 NEW YROK NY 10271 133615533 501(C)(3) 700000 0 EDUCATIONAL GRANT SAN JOAQUIN A PLUS INC 6731 HERNDON PLACE STOCKTON CA 95219 510536117 501(C)(3) 25000 0 EDUCATIONAL GRANT STANDARDS WORK INC 29 CARTER STREET QUINCY MA 02169 521785250 501(C)(3) 250000 0 EDUCATIONAL GRANT SUNY IMPACT FOUNDATION INC 116 EAST 55TH ST NEW YORK NY 10022 814591892 501(C)(3) 300000 0 EDUCATIONAL GRANT SUNY NEW PALTZ FOUNDATION INC 1 HAWK DR NEW PALTZ NY 12561 222141645 501(C)(3) 2000000 0 EDUCATIONAL GRANT THE 74 MEDIA INC 222 BROADWAY FL 19 NEW YORK NY 10038 472788684 501(C)(3) 400000 0 EDUCATIONAL GRANT THE JOHNS HOPKINS UNIVERSITY 3910 KESWICK ROAD BALTIMORE MD 21211 520595110 501(C)(3) 1500000 0 EDUCATIONAL GRANT THE OO PROJECT INC 6010 BROAD BRANCH ROAD NW WASHINGTON DC WA 20015 843451269 501(C)(3) 650000 0 EDUCATIONAL GRANT UTAH FILM CENTER 50 WEST BROADWAY SUITE 1125 SALT LAKE CITY UT 84101 753077559 501(C)(3) 400000 0 EDUCATIONAL GRANT 18 0 PART I, LINE 2: THE ORGANIZATION REQUIRES REPORTING DURING THE YEAR ON HOW THE GRANT FUNDS ARE USED. 0 0 0 0 0 0 0 0 0 LYNNE MUNSON FORMER TRUSTEE/EXECUTIVE DIRECTOR 0 749588 0 1543185 0 23380 0 19700 0 36577 0 2372430 0 0 JASON GRIFFITHS TRUSTEE, EXECUTIVE DIRECTOR 186600 468229 0 0 0 0 0 0 0 0 186600 468229 0 0 PART I, LINE 3 THE FORMER EXECUTIVE DIRECTOR IS NOT COMPENSATED BY THE ORGANIZATION FOR HER SERVICES. THE FORMER EXECUTIVE DIRECTOR IS COMPENSATED BY GREAT MINDS PBC, THE ORGANIZATION'S SEVENTY-FOUR POINT EIGHT NINE PERCENT OWNED SUBSIDIARY, FOR HER SERVICE AS ITS CHIEF EXECUTIVE OFFICER. CK CONSULTING CHI KIM, CHAIRMAN OF IBIS GROUP AND OWNER OF CK CONSULTING 183450 CONSULTING SERVICES 0 FORM 990, PART V, LINE 15: THE ORGANIZATION DID NOT REPORT OR PAY THE SECTION 4960 EXCISE TAX. THE FORMER EXECUTIVE DIRECTOR WAS NOT COMPENSATED BY THE ORGANIZATION DURING 2024. THE FORMER EXECUTIVE DIRECTOR IS COMPENSATED BY GREAT MINDS PBC, THE ORGANIZATION'S 74.89%-OWNED TAXABLE SUBSIDIARY, FOR HER SERVICE AS THAT COMPANY'S CHIEF EXECUTIVE OFFICER. SHE PROVIDED NO SERVICES TO THE ORGANIZATION DURING 2024. THE ORGANIZATION DID NOT REIMBURSE THE SUBSIDIARY FOR ANY TIME INCURRED. THEREFORE, THIS INDIVIDUAL IS DISREGARDED FOR PURPOSES OF SECTION 4960 DUE TO THE LIMITED HOURS EXCEPTION, PER REGS. SECTION 53.4960-1(D)(2)(II). FORM 990, PART VI, SECTION A, LINE 3 JASON GRIFFITHS, AN EMPLOYEE OF GREAT MINDS PBC, A RELATED ORGANIZATION, OVERSEES AND PERFORMS MANAGEMENT DUTIES FOR IBIS GROUP. JASON WAS COMPENSATED $186,600 AS AN INDEPENDENT CONTRACTOR FOR HIS SERVICES TO IBIS GROUP AS EXECUTIVE DIRECTOR. ALL OTHER REPORTABLE COMPENSATION REPORTED FOR JASON GRIFFITHS REPRESENTS COMPENSATION FROM GREAT MINDS (PBC) FOR SERVICES RENDERED SOLELY TO THAT ORGANIZATION UNDER A CONTRACT WITH THE PBC. FORM 990, PART VI, SECTION B, LINE 11B IBIS GROUP'S FORM 990 IS REVIEWED IN DETAIL BY ITS CONTRACT CHIEF FINANCIAL OFFICER AND TAX COUNSEL. ONCE THE REVIEW IS COMPLETE, THE FORM 990 IS SHARED WITH THE AUDIT COMMITTE FOR REVIEW. AFTER AUDIT COMMITTEE APPROVAL, THE FORM 990 IS PRESENTED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL INTERESTED PERSONS ARE SUBJECT TO IBIS GROUP'S CONFLICT OF INTEREST POLICY. AN INTERESTED PERSON IS DEFINED AS ANY DIRECTOR, PRINCIPAL, OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS DIRECT OR INDIRECT FINANCIAL INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. VIOLATION OF THE CONFLICTS OF INTEREST POLICY: IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 IBIS GROUP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 368,227. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 368,227. CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,127,740. MANAGEMENT AND GENERAL EXPENSES 120,600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,248,340. FORM 990, PART X, LINE 12, REDUCTION IN INVESTMENT: THE INVESTMENT HELD BY THE ORGANIZATION IN GREAT MINDS PBC WAS 74.89% AT DECEMBER 31, 2024. THE INVESTMENT IS ACCOUNTED FOR ON THE EQUITY METHOD. UNDER THE EQUITY METHOD, THE ORGANIZATION RECOGNIZED ITS SHARE OF EARNINGS BASED ON OWNERSHIP PERCENTAGES ANNUALLY DURING 2024. DURING THE YEAR ENDING DECEMBER 31, 2024, THE ORGANIZATION RECOGNIZED THE LOSS OF $23,292,829 WHICH IS EQUAL TO ITS PROPORTIONAL SHARE OF GREAT MINDS PBC LOSS. FORM 990, PART XI, LINE 9: EQUITY LOSS ON GREAT MINDS PBC OPERATIONS -23,292,829. GREAT MINDS PUBLIC BENEFIT CORPORATION 55 M STREET SE STE 340 WASHINGTON DC 20003 843785772 EDUCATION SERVICES DC GREAT MINDS C 130730136 178630487 0.74890 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0