Civic Intelligence

Initiative for a Competitive Inner City Inc.

990 • Fiscal year 2015 • EIN 13-3772904

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 03, 2016

56 Warren Street Suite 300Roxbury, MA 02119

(617) 238-1740

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

0.06x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

44th percentile

1.3%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

79th percentile

$210,410

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-9.2%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,386,945

Up $848,130 (+19%) from 2014

Net Assets

Up

$5,210,585

Up $965,866 (+23%) from 2014

Liabilities

Down

$176,360

Down $117,736 (-40%) from 2014

Revenue

Down

$3,149,267

Down $319,794 (-9.2%) from 2014

Expenses

Up

$3,106,759

Up $287,155 (+10%) from 2014

Net Income

Down

$42,508

Down $606,949 (-93%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $3,815,946Liabilities 2010: $285,557Net Assets 2010: $3,530,3892010Assets 2011: $3,525,798Liabilities 2011: $371,069Net Assets 2011: $3,154,7292011Assets 2012: $3,076,909Liabilities 2012: $302,561Net Assets 2012: $2,774,3482012Assets 2013: $3,353,884Liabilities 2013: $276,554Net Assets 2013: $3,077,3302013Assets 2014: $4,538,815Liabilities 2014: $294,096Net Assets 2014: $4,244,7192014Assets 2015: $5,386,945Liabilities 2015: $176,360Net Assets 2015: $5,210,5852015Assets 2016: $6,383,385Liabilities 2016: $121,956Net Assets 2016: $6,261,4292016Assets 2017: $7,586,695Liabilities 2017: $206,187Net Assets 2017: $7,380,5082017Assets 2018: $6,721,684Liabilities 2018: $330,500Net Assets 2018: $6,391,1842018Assets 2019: $7,291,297Liabilities 2019: $243,736Net Assets 2019: $7,047,5612019Assets 2020: $10,365,078Liabilities 2020: $718,715Net Assets 2020: $9,646,3632020Assets 2021: $11,137,097Liabilities 2021: $532,736Net Assets 2021: $10,604,3612021Assets 2022: $11,661,853Liabilities 2022: $537,050Net Assets 2022: $11,124,8032022Assets 2023: $11,620,463Liabilities 2023: $434,390Net Assets 2023: $11,186,0732023Assets 2024: $13,730,460Liabilities 2024: $439,834Net Assets 2024: $13,290,6262024

Highlighted filing

2015

Assets$5,386,945
Liabilities$176,360
Net Assets$5,210,585

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,518,6032010Expenses 2011: $4,349,0902011Expenses 2012: $4,070,3092012Revenue 2013: $3,496,981Expenses 2013: $3,650,057Net Income 2013: -$153,0762013Revenue 2014: $3,469,061Expenses 2014: $2,819,604Net Income 2014: $649,4572014Revenue 2015: $3,149,267Expenses 2015: $3,106,759Net Income 2015: $42,5082015Revenue 2016: $4,379,590Expenses 2016: $3,490,251Net Income 2016: $889,3392016Revenue 2017: $4,932,326Expenses 2017: $4,348,578Net Income 2017: $583,7482017Revenue 2018: $5,543,213Expenses 2018: $5,824,778Net Income 2018: -$281,5652018Revenue 2019: $6,529,016Expenses 2019: $6,280,711Net Income 2019: $248,3052019Revenue 2020: $8,178,746Expenses 2020: $5,371,662Net Income 2020: $2,807,0842020Revenue 2021: $6,700,624Expenses 2021: $6,336,872Net Income 2021: $363,7522021Revenue 2022: $11,628,829Expenses 2022: $9,988,962Net Income 2022: $1,639,8672022Revenue 2023: $9,070,017Expenses 2023: $9,667,573Net Income 2023: -$597,5562023Revenue 2024: $9,857,953Expenses 2024: $7,891,644Net Income 2024: $1,966,3092024

Highlighted filing

2015

Revenue$3,149,267
Expenses$3,106,759
Net Income$42,508
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 3, 2016
Return Version
2015v2.1
Gross Receipts
$4,068,457
Mission and Program Overview

Mission

The initiative for a competitive inner city (icic) is a nonprofit research and strategy organization and the leading authority on u.s. Inner city economies and the businesses that thrive there. Founded in 1994 by harvard business school professor michael porter, icic expands inner city economies by providing businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. Icic's unique knowledge and expertise about inner city success factors and thriving companies is developed from specialized urban networks and path-breaking research.icic's mission is to drive economic prosperity in america's inner cities through private sector investment to create jobs, income and wealth for local residents.

Icic is the leading national authority on inner city businesses and economies. Icic brings together business and civic leaders to drive innovation and action in urban economies and to celebrate and support inner city based companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,920,886$2,335,354▲ $414,468
Investments Other Securities$971,748$1,177,429▲ $205,681
Savings and Temporary Cash Investments$40,323$852,382▲ $812,059
Cash and Non-Interest-Bearing Accounts$1,417,936$667,877▼ $750,059
Accounts Receivable$42,981$156,068▲ $113,087
Land, Buildings, and Equipment, Net$72,940$122,611▲ $49,671
Prepaid Expenses and Deferred Charges$72,001$75,224▲ $3,223
Total Assets$4,538,815$5,386,945▲ $848,130
Liabilities
Accounts Payable and Accrued Expenses$267,972$176,360▼ $91,612
Other Liabilities$19,277$0▼ $19,277
Deferred Revenue$6,847$0▼ $6,847
Total Liabilities$294,096$176,360▼ $117,736
Net Assets / Fund Balance
Unrestricted Net Assets$3,376,386$4,695,918▲ $1,319,532
Temporarily Rstr Net Assets$868,333$514,667▼ $353,666
Total Net Assets Fund Balance$4,244,719$5,210,585▲ $965,866
Total Liabilities and Net Assets / Fund Balance$4,538,815$5,386,945▲ $848,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,398$186,126$215,524
Leasehold Improvements$93,213$12,766$105,979
Other Securities$1,177,429--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven GrossmanCEOFT$210,410-$210,410
Matthew CampPresident and COOFT$187,860$7,824$195,684
Kim ZeuliSenior Vice President, ResearchFT$186,315$7,400$193,715
Hyacinth VassellProgram Director, IcccFT$119,024$9,443$128,467
Alexis HyderDirector, Business DevelopmentFT$115,882$9,351$125,233

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,500,184
Program Service Revenue
$658,841
Investment Income
$-14,545
Other Revenue
$4,787
All Other Contributions
$2,500,184
Change in Net Assets
$42,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,149,267
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,011,641
Total Revenue per Audited Statements
$4,160,908
Total Revenue per Form 990
$3,149,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,987,194
Other Expenses$1,119,565
Total Fundraising Expense$241,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,107,305$156,856$77,390$1,341,551
Current Officers, Directors, Trustees, and Key Employees$231,795$81,984$92,504$406,283
Fees for Services Management$160,617$10,562$5,281$176,460
Office Expenses$127,827$13,352$2,582$143,761
Occupancy$108,706$22,037$11,018$141,761
Travel$114,403$1,069$24,958$140,430
Payroll Taxes$100,687$12,156$13,295$126,138
Fees for Services Other$93,174$22,407-$115,581
Other Employee Benefits$74,917$9,291$5,621$89,829
Depreciation Depletion$32,577$7,956$3,978$44,511
Fees for Services Accounting$19,491$2,999$1,499$23,989
Pension Plan Contributions$19,838$2,739$816$23,393
Other Expenses$12,628$1,638$847$15,113
All Other Expenses$6,383$4,105$866$11,354
Conferences and Meetings$4,786$518$414$5,718
Insurance$4,339$667$334$5,340
Fees for Services Legal$860$132$66$1,058
Total Functional Expenses$2,488,727$376,563$241,469$3,106,759

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,195,042
Expenses per Audited Statements$3,106,759
Total Expenses per Form 990$3,106,759
Expenses Not Reported on Form 990$88,283
Expenses Not Reported on Financial Statements$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
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tim FergusonBoard MemberTim Ferguson Is the Managing Partner of Next Street, Which Had a Collaboration Agreement With Icic Through December 31, 2015. Next Street Provided in Kind Rent to Icic in the Amount of 34,534.No$34,534
Willie WoodsBoard MemberWillie Woods Is the Managing Member of Icv Ii and Iii Which Icic Made Capital Calls to During 2015.No$4,659
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

The 990 is provided by email to the board of directors before it is filed.

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

Annually all board members and key employees must fill out a conflict of interest questionnaire. These questionnaires are maintained by fiscal office.

Form 990, Part VI, Section B, Line 15

The chairman brought nomination for steve grossman, former treasurer of the commonwealth of massachusetts, to become a new ceo of icic, to the board of directors. None of the board members are employees of icic. The board approved the nomination unanimously at the salary level they believed was comparable with the industry standards and the caliber of the candidate. No board member, including officers of the organization, received compensation from icic. Other officers and key employees of the organization received compensation adjustments based on their performance, documented by performance evaluation paperwork, as well as internal and external equity, and financial limitations of the organization.

Form 990, Part VI, Section C, Line 19

Icic's governing documents, conflict of interest policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Initiative for a Competitive Inner
EIN
13-3772904
Phone
6172381740
Address
56 WARREN STREET SUITE 300, ROXBURY, MA 02119

Signing Officer

Name
Matthew Camp
Title
President and COO
Phone
6172381740
Signed
2016-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Camp
Formed
1994
Legal Domicile
De
Voting Board Members
15
Independent Board Members
13
Employees
34
Volunteers
15

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer
Charles J Webb CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Icic accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. Icic has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at december 31, 2015 and 2014. Icic's information returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.

Raw XML AppendixShowing 400 of 649 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ICIC IS THE LEADING NATIONAL AUTHORITY ON INNER CITY BUSINESSES AND ECONOMIES. ICIC BRINGS TOGETHER BUSINESS AND CIVIC LEADERS TO DRIVE INNOVATION AND ACTION IN URBAN ECONOMIES AND TO CELEBRATE AND SUPPORT INNER CITY BASED COMPANIES.
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IRS990/Desc0URBAN BUSINESS INITIATIVES: INNER CITY 100HAVING COMPLETED ITS 17TH YEAR, THE INNER CITY 100 IDENTIFIES AND RECOGNIZES 100 OF THE FASTEST GROWING PRIVATE INNER CITY COMPANIES, WHICH ARE CREATING JOBS, INCOME AND WEALTH FOR LOCAL RESIDENTS. FINALISTS FOR THE LIST ARE INVITED TO A NATIONAL CONFERENCE AND AWARDS CEREMONY, FEATURING A FULL DAY OF EXECUTIVE EDUCATION PROVIDED BY FACULTY FROM HARVARD BUSINESS SCHOOL AND SUCCESSFUL CEOS, AND NETWORKING WITH FELLOW FINALISTS. WINNING COMPANIES ARE PRESENTED WITH AN AWARD AND ARE PROFILED IN FORTUNE. OVER THE PAST 16 YEARS, INNER CITY 100 WINNERS HAVE CREATED OVER 116,000 NEW JOBS. DURING THEIR TIME ON THE LIST, THEY HAVE COLLECTIVELY EMPLOYED OVER 190,000 PEOPLE, OF WHICH ABOUT 32% ARE INNER CITY RESIDENTS. THESE FIRMS HAVE AVERAGE ANNUAL REVENUES OF $12 MILLION AND PAY AN AVERAGE WAGE OF $61,500 TO FULL-TIME EMPLOYEES, EXCLUDING SENIOR MANAGEMENT.INNER CITY CAPITAL CONNECTIONSINNER CITY CAPITAL CONNECTIONS (ICCC) IS A YEARLONG NATIONAL PROGRAM THAT CONNECTS SEVERAL HUNDRED URBAN-BASED, INVESTMENT-READY COMPANIES WITH CORPORATE LEADERS, CAPITAL PROVIDERS, EDUCATORS, ADVISORS AND PEERS. ICCC SERVES ENTREPRENEURS WITH REVENUES OF OVER $2 MILLION WHO ARE SEEKING GROWTH CAPITAL, AND PROVIDES TARGETED CAPACITY BUILDING, TRAINING AND COACHING. IN ADDITION TO ASSESSING THE STRENGTH OF THEIR BUSINESSES AND PREPARING FOR CAPITAL INFUSION, FIRMS BENEFIT FROM NETWORKING WITH INVESTORS AND PEERS AND FORMAL PITCH SESSIONS WITH INVESTORS. SINCE 2005, ICCC HAS TRAINED 837 FIRMS THAT HAVE IN TURN RAISED MORE THAN $1.3 BILLION IN CAPITAL AND CREATED OVER 11,000 JOBS.IN 2015, ICIC HELD EXECUTIVE EDUCATION SEMINARS IN BOSTON, BIRMINGHAM, DALLAS, PHILADELPHIA AND SAN FRANCISCO, AND A NATIONAL CONFERENCE NOVEMBER 12-13 AT NYU STERN SCHOOL OF BUSINESS IN NEW YORK CITY. CONFERENCE ATTENDEES CONNECTED WITH CAPITAL PROVIDERS AND PRACTITIONERS TO OBTAIN FEEDBACK ON THEIR PITCHES IN AN EFFORT TO SECURE A FOLLOW-UP MEETING, AND NETWORK WITH PEERS. WITH THE URBAN IMPACT AWARD, THE CONFERENCE ALSO CELEBRATES AN ALUMNUS WHO HAS SUCCESSFULLY ACCESSED CAPITAL, CREATED JOBS AS A RESULT OF THE CAPITAL INFUSION AND IS AN ACTIVE COMMUNITY ADVOCATE.10,000 SMALL BUSINESSESICIC PARTNERS WITH GOLDMAN SACHS ON THE 10,000 SMALL BUSINESSES INITIATIVE, A NATIONAL PARTNERSHIP WITH BABSON COLLEGE, SELECT EDUCATIONAL INSTITUTIONS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, TO PROVIDE EDUCATION, MENTORING, TECHNICAL ASSISTANCE AND CAPITAL ACCESS TO UNDERSERVED BUSINESSES AND THEIR CEOS. AS A LEAD PARTNER, ICIC DIRECTS ALL OF THE OUTREACH, RECRUITMENT AND APPLICANT SELECTION. THE PROGRAM OPERATES IN 12 CITIES: NEW YORK, LOS ANGELES, LONG BEACH, NEW ORLEANS, CLEVELAND, HOUSTON, CHICAGO, SALT LAKE CITY, PHILADELPHIA, MIAMI, DETROIT AND DALLAS. THERE IS ALSO A BLENDED COHORT, BOTH ONLINE AND IN-PERSON, HOSTED TWICE A YEAR BY BABSON COLLEGE, OFFERED NATIONALLY TO SMALL BUSINESSES OUTSIDE OF THE 12 MARKETS. SINCE INCEPTION THE PROGRAM HAS EDUCATED OVER 4,100 SMALL BUSINESS OWNERS. THESE COMPANIES HAVE AVERAGE REVENUES OF $1.4 MILLION AND EMPLOY NEARLY 77,000.UBER URBAN PARTNERSHIPIN FEBRUARY 2015, UBER LAUNCHED THE URBAN PARTNERSHIP (UBERUP), AN EFFORT TO RECRUIT 50,000 MORE UBER PARTNER-DRIVERS IN URBAN COMMUNITIES, TO DRIVE ECONOMIC DEVELOPMENT, AND CONNECT PARTNER-DRIVERS TO ECONOMIC OPPORTUNITY AND ENTREPRENEURIAL TRAINING. THE COMPANY ANNOUNCED THE INITIATIVE IN A POST IN LATE FEBRUARY AFTER LAUNCHING IN THE FIRST OF 15 MARKETS. ICIC PARTNERED WITH UBER ON UBERUP, AND OUR PRIMARY ROLE WAS TO HELP UBER IDENTIFY ECONOMIC DEVELOPMENT AND SMALL BUSINESS SERVING ORGANIZATIONS IN EACH MARKET THAT WERE HIGH POTENTIAL CANDIDATES TO PARTNER WITH UBER TO SUPPORT THE INITIATIVE. THIS WORK HELPED ICIC DEEPEN OUR UNDERSTANDING OF EACH MARKET AND THE STRENGTH OF ITS ECONOMIC AND COMMUNITY DEVELOPMENT AND SMALL BUSINESS ECOSYSTEMS. EACH OF THE 15 LAUNCH MARKETS HOSTED A LAUNCH EVENT, WITH THE HOPE OF ATTRACTING PRESS ATTENTION, ALIGNING THE U
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IRS990/Form990PartVIISectionAGrp/PersonNm3BARBARA BERKE
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IRS990/Form990PartVIISectionAGrp/PersonNm6TIM FERGUSON
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IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIE E WOODS
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IRS990/Form990PartVIISectionAGrp/PersonNm15STEVEN GROSSMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT AND COO
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR VICE PRESIDENT, RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt18PROGRAM DIRECTOR, ICCC
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR, BUSINESS DEVELOPMENT
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IRS990/MissionDesc0THE INITIATIVE FOR A COMPETITIVE INNER CITY (ICIC) IS A NONPROFIT RESEARCH AND STRATEGY ORGANIZATION AND THE LEADING AUTHORITY ON U.S. INNER CITY ECONOMIES AND THE BUSINESSES THAT THRIVE THERE. FOUNDED IN 1994 BY HARVARD BUSINESS SCHOOL PROFESSOR MICHAEL PORTER, ICIC EXPANDS INNER CITY ECONOMIES BY PROVIDING BUSINESSES, GOVERNMENTS AND INVESTORS WITH THE MOST COMPREHENSIVE AND ACTIONABLE INFORMATION IN THE FIELD ABOUT URBAN MARKET OPPORTUNITIES. ICIC'S UNIQUE KNOWLEDGE AND EXPERTISE ABOUT INNER CITY SUCCESS FACTORS AND THRIVING COMPANIES IS DEVELOPED FROM SPECIALIZED URBAN NETWORKS AND PATH-BREAKING RESEARCH.ICIC'S MISSION IS TO DRIVE ECONOMIC PROSPERITY IN AMERICA'S INNER CITIES THROUGH PRIVATE SECTOR INVESTMENT TO CREATE JOBS, INCOME AND WEALTH FOR LOCAL RESIDENTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE RESEARCH AND ADVISORY PRACTICE AT ICIC CONDUCTS RELEVANT RESEARCH ON INNER CITY ECONOMIES, INCLUDING CLUSTERS, BUSINESS PERFORMANCE AND GENERAL ECONOMIC CONDITIONS, WHICH IS DATA-DRIVEN AND GROUNDED IN ECONOMIC THEORY. OUR ADVISORY WORK IS FOCUSED ON HELPING CITIES INCREASE THE ECONOMIC OPPORTUNITIES FOR RESIDENTS OF THEIR INNER CITIES AND CATALYZING LARGE ORGANIZATIONS TO STRENGTHEN THEIR ROLE AS ANCHOR INSTITUTIONS. ICIC CONTINUES TO HELP U.S. CITIES IDENTIFY THEIR COMPETITIVE ADVANTAGES AND DESIGN PRIVATE SECTOR-LED ACTION STRATEGIES. IN 2015, ICIC WAS ENGAGED IN SEVERAL PROJECTS IN THE INNER CITIES OF BOSTON, MINNEAPOLIS, AND NEWARK THAT EXAMINED FOOD SYSTEM RESILIENCE, ANCHOR COLLABORATION AND LOCAL PURCHASING AND THE LINKAGES BETWEEN CLUSTERS AND SMALL BUSINESS GROWTH. ICIC'S ONGOING STATE OF THE INNER CITY ECONOMIES (SICE) RESEARCH MAPS THE ECONOMIC PERFORMANCE, BUSINESS VITALITY AND RESIDENT PROSPERITY OF ALL AMERICAN CITIES WITH A POPULATION GREATER THAN 75,000, WHICH INCLUDES 328 INNER CITIES. THE ONLY DATA SET OF ITS KIND, SICE IS AN INDISPENSABLE RESOURCE TO ASSESS LOCAL COMPETITIVE ADVANTAGES AND SET STRATEGIES FOR INVESTMENT AND EQUITABLE GROWTH. ICIC'S SOPHISTICATED ANALYTICS DISCOVER WHICH INDUSTRY CLUSTERS WILL HAVE THE MOST ENERGIZING EFFECT ON OVERALL URBAN PROSPERITY. ICIC ALSO HELPS CITIES IDENTIFY THEIR COMPETITIVE ADVANTAGES AND BUILD OUT STRATEGIES TO TAKE ADVANTAGE OF THEM TO CREATE JOBS AND REVITALIZE DISTRESSED AREAS. ICIC'S UNIQUE KNOWLEDGE OF INNER CITY SUCCESS FACTORS AND GROWING COMPANIES IS DEVELOPED FROM SPECIALIZED URBAN NETWORKS AND PATH-BREAKING RESEARCH, CAREFULLY CHOSEN ADVISORY ENGAGEMENT, AND IMPLEMENTATION OF EVIDENCE BASED BUSINESS SUPPORT PROGRAMS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0658841
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.44$13.3$9.86$7.89$1.97
2023Detailed filing. Detailed filing data is available for this year.$11.6$0.43$11.2$9.07$9.67$0.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$0.54$11.1$11.6$9.99$1.64
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.53$10.6$6.70$6.34$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.72$9.65$8.18$5.37$2.81
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$0.24$7.05$6.53$6.28$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.72$0.33$6.39$5.54$5.82$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.59$0.21$7.38$4.93$4.35$0.58
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.38$0.12$6.26$4.38$3.49$0.89
2015Detailed filing. Detailed filing data is available for this year.$5.39$0.18$5.21$3.15$3.11$0.04
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.54$0.29$4.24$3.47$2.82$0.65
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.35$0.28$3.08$3.50$3.65$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.30$2.77$4.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.37$3.15$4.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.29$3.53$3.52
Peer Organizations

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