Civic Intelligence

Initiative for a Competitive Inner City Inc.

990 • Fiscal year 2017 • EIN 13-3772904

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 17, 2018

Organization ProfileWWW.ICIC.ORG

View Organization Page

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.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.04x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

87th percentile

$277,738

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$7,586,695

Up $1,203,310 (+19%) from 2016

Net Assets

Up

$7,380,508

Up $1,119,079 (+18%) from 2016

Liabilities

Up

$206,187

Up $84,231 (+69%) from 2016

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin70th percentile

Revenue

Up

$4,932,326

Up $552,736 (+13%) from 2016

Expenses

Up

$4,348,578

Up $858,327 (+25%) from 2016

Net Income

Down

$583,748

Down $305,591 (-34%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

2017

Assets$7,586,695
Liabilities$206,187
Net Assets$7,380,508
Open 2017 Filing

Operations Trend

Revenue Growth66th percentile

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

2017

Revenue$4,932,326
Expenses$4,348,578
Net Income$583,748
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 17, 2018
Return Version
2017v2.3
Gross Receipts
$5,204,041
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$3,457,722$4,795,970▲ $1,338,248
Cash and Non-Interest-Bearing Accounts$1,479,602$2,065,289▲ $585,687
Savings and Temporary Cash Investments$989,218$548,912▼ $440,306
Investments Other Securities$200,384--
Land, Buildings, and Equipment, Net$97,756$88,047▼ $9,709
Accounts Receivable$111,230$48,843▼ $62,387
Prepaid Expenses and Deferred Charges$47,473$39,634▼ $7,839
Total Assets$6,383,385$7,586,695▲ $1,203,310
Liabilities
Accounts Payable and Accrued Expenses$121,956$206,187▲ $84,231
Total Liabilities$121,956$206,187▲ $84,231
Net Assets / Fund Balance
Unrestricted Net Assets$5,142,307$6,125,069▲ $982,762
Temporarily Rstr Net Assets$1,119,122$1,255,439▲ $136,317
Total Net Assets Fund Balance$6,261,429$7,380,508▲ $1,119,079
Total Liabilities and Net Assets / Fund Balance$6,383,385$7,586,695▲ $1,203,310

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$53,265$52,715$105,980
Equipment$34,782$68,794$103,576
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Grossman SteveChief Executive OfficerFT$262,500$15,238$277,738
Camp MatthewPresident and Chief Operating OfficerFT$215,000$12,579$227,579
Camp MatthewPresident and Chief Operating Office-$215,000$12,579$227,579
Zeuli KimVP of Research and Director of Advisory PracticeFT$206,000$9,788$215,788
Zeuli KimVP of Research and Director of Advis-$206,000$9,788$215,788
Vassell HyacinthProgram DirectorFT$131,040$10,613$141,653
Oksana BondarChief Financial OfficerFT$104,000$4,598$108,598

Board Members and Trustees

NameTitle
Porter MichaelFounder & Chairman
Homer RonaldVice Chair & Treasurer
Bachmann JohnBoard Member
Berke BarbaraBoard Member
Blaxill MarkBoard Member
Castro ThomasBoard Member
Clark RenaBoard Member
Gendron GeorgeBoard Member
Green DennisBoard Member
Lynch JairBoard Member
Pagliuca JudyBoard Member
Primo QuintinBoard Member
Schiro SusanBoard Member
Stern CarlBoard Member
Sykes KirkBoard Member
White BarryBoard Member
Woods WillieBoard Member
Mckenzie BrendaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,792,326
Program Service Revenue
$0
Investment Income
$138,687
Other Revenue
$1,313
All Other Contributions
$4,792,326
Change in Net Assets
$583,748

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,932,326
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$583,042
Total Revenue per Audited Statements
$5,515,368
Total Revenue per Form 990
$4,932,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,616,154
Other Expenses$1,732,424
Total Fundraising Expense$273,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,460,042$163,783$69,602$1,693,427
Current Officers, Directors, Trustees, and Key Employees$259,021$209,662$145,232$613,915
Travel$247,590$1,083$5,472$254,145
Fees for Services Management$225,480$16,043$9,365$250,888
Fees for Services Other$180,440$25,638-$206,078
Office Expenses$169,991$5,936$3,429$179,356
Payroll Taxes$125,641$28,731$14,952$169,324
Occupancy$93,093$15,047$8,462$116,602
Other Employee Benefits$84,984$8,582$3,973$97,539
Pension Plan Contributions$35,814$4,845$1,290$41,949
Fees for Services Accounting$28,324$4,578$2,575$35,477
Depreciation Depletion$28,092$4,539$2,554$35,185
Other Expenses$19,491$1,063$3,857$24,411
Conferences and Meetings$5,581$902$507$6,990
Insurance$4,568$739$415$5,722
All Other Expenses$3,724$317$508$4,549
Fees for Services Legal-$1,548-$1,548
Total Functional Expenses$3,580,827$494,175$273,576$4,348,578

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,396,289
Expenses per Audited Statements$4,348,578
Total Expenses per Form 990$4,348,578
Expenses Not Reported on Form 990$47,711
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
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 11B

“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

“Annual compensation adjustment for officers and key employees follows the same procedures as compensation adjustments for all other employees. It is based on one's performance, internal and external equity, and financial limitations of the organization. This process is documented by performance evaluation paperwork.”

Form 990, Part VI, Section C, Line 19

“The financial statements are available on icic's website, on www.guidestar.org, and upon request. Icic's governing documents and conflict of interest policies 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
Steve Grossman
Title
CEO
Phone
6172381740
Signed
2018-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Grossman
Formed
1994
Legal Domicile
De
Voting Board Members
19
Independent Board Members
18
Employees
42
Volunteers
19

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, 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, 2017. Icic's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML AppendixShowing 400 of 623 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 INITIATIVESTHE PROGRAM CONSISTS OF FOUR INITIATIVES: INNER CITY 100, INNER CITY CAPITAL CONNECTIONS, 10,000 SMALL BUSINESSES, AND CULTIVATE SMALL BUSINESS.INNER CITY 100 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. IT IS THE MOST AMBITIOUS PROJECT IN AMERICA TO UNCOVER AND CELEBRATE INNER CITY ENTREPRENEURSHIP AND BUSINESS SUCCESS. COMPANIES WHO MAKE THE LIST ARE INVITED TO THE INNER CITY 100 CONFERENCE AND AWARDS, AN EVENT PROVIDING THE LEADERS OF THESE INCREDIBLE COMPANIES WITH THE LATEST IN WORLD-CLASS MANAGEMENT EDUCATION. WINNING COMPANIES ARE RANKED AND PROFILED IN FORTUNE MAGAZINE. THE INNER CITY 100 PROGRAM HAS BROUGHT MUCH NEEDED ATTENTION AND SUPPORT TO THE LITTLE KNOWN COMPANIES THAT ARE FUELING THE REBIRTH OF URBAN AREAS. SINCE 1999 WE RECOGNIZED 928 INNER CITY 100 FIRMS. THEY EMPLOYED ON AVERAGE 136 PEOPLE. THESE COMPANIES HAD AN APPROXIMATE AVERAGE FIVE-YEAR GROWTH RATE OF 414%, AND GENERATED AN AVERAGE OF $27 MILLION IN ANNUAL SALES. IN 2017, APPROXIMATELY 45% OF THESE BUSINESSES WERE MINORITY-OWNED AND 32% WERE WOMAN-OWNED.INNER CITY CAPITAL CONNECTIONS INNER 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 $500,000 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 IMPACTED OVER 1500 UNIQUE FIRMS THAT HAVE IN TURN RAISED $1.47 BILLION IN CAPITAL AND CREATED NEARLY 16,000 JOBS.IN 2017, ICCC HELD EXECUTIVE EDUCATION SEMINARS IN BOSTON, CHICAGO, DALLAS, LOS ANGELES, MEMPHIS, MILWAUKEE, OAKLAND, PHILADELPHIA, AND WASHINGTON, DC, TRAINING 770 URBAN BUSINESS OWNERS. PARTICIPANTS ATTENDED A NATIONAL CONFERENCE NOVEMBER 16TH-17TH AT TIME, INC. IN NEW YORK CITY, WHERE 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. 10,000 SMALL BUSINESSES ICIC IS THE PROUD NATIONAL OUTREACH AND SELECTION PARTNER OF GOLDMAN SACHS ON THEIR INNOVATIVE AND INFLUENTIAL 10,000 SMALL BUSINESSES INITIATIVE. IT IS BASED ON THE BROADLY HELD VIEW OF LEADING EXPERTS THAT GREATER ACCESS TO A COMBINATION OF EDUCATION, CAPITAL AND SUPPORT SERVICES BEST ADDRESSES BARRIERS TO BUSINESS GROWTH. THE PROGRAM OPERATES IN 14 MARKETS: NEW YORK, LOS ANGELES, LONG BEACH, NEW ORLEANS, CLEVELAND, HOUSTON, CHICAGO, SALT LAKE CITY, PHILADELPHIA, MIAMI, DETROIT, DALLAS, RHODE ISLAND, AND BALTIMORE. 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 14 LOCAL MARKETS.SINCE INCEPTION THE PROGRAM HAS EDUCATED OVER 7,700 SMALL BUSINESS OWNERS. UPON GRADUATION FROM THE PROGRAM, 61% OF ALUMNI REPORTED JOB GROWTH AND 82% REPORTED INCREASED REVENUES 30 MONTHS AFTER COMPLETION AS COMPARED TO 23% AND 45% RESPECTIVELY FOR SMALL BUSINESSES OUTSIDE OF THE PROGRAM OVER THE SAME TIME PERIOD.CULTIVATE SMALL BUSINESSICIC HELPED SANTANDER LAUNCH ITS CULTIVATE SMALL BUSINESS PROGRAM TO HELP EARLY-STAGE ENTREPRENEURS IN LOW-INCOME NEIGHBORHOODS BUILD AND SUSTAIN THEIR BUSINESSES, WITH A FOCUS ON WOMEN-, MINORITY- AND IMMIGRANT-OWNED BUSINESSES IN FOOD-RELATED INDUSTRIES. THE PROGRAM PROVIDES INDUSTRY SPECIFIC EDUCATION, NETWORKS AND MENTORING AS WELL AS SMALL CAPITAL GRANTS FOR BUSINESS OWNERS. ICIC IS ONE OF SANTANDER BANK'S THREE STRATEGIC PARTNERS IN THIS INITIATIVE, ALONGSIDE BABSON COLLEGE AND COMMONWEALTH KITCHEN, PROVIDING OUTREACH, RECRUITMENT AND SELECTION, IMPACT EVALUATION A
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IRS990/Form990PartVIISectionAGrp/PersonNm0PORTER MICHAEL
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IRS990/Form990PartVIISectionAGrp/PersonNm4BERKE BARBARA
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IRS990/Form990PartVIISectionAGrp/PersonNm10LYNCH JAIR
IRS990/Form990PartVIISectionAGrp/PersonNm11PAGLIUCA JUDY
IRS990/Form990PartVIISectionAGrp/PersonNm12PRIMO QUINTIN
IRS990/Form990PartVIISectionAGrp/PersonNm13SCHIRO SUSAN
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IRS990/Form990PartVIISectionAGrp/PersonNm17WOODS WILLIE
IRS990/Form990PartVIISectionAGrp/PersonNm18GROSSMAN STEVE
IRS990/Form990PartVIISectionAGrp/PersonNm19CAMP MATTHEW
IRS990/Form990PartVIISectionAGrp/PersonNm20OKSANA BONDAR
IRS990/Form990PartVIISectionAGrp/PersonNm21ZEULI KIM
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER & CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT AND CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF RESEARCH AND DIRECTOR OF ADVISORY PRACTICE
IRS990/Form990PartVIISectionAGrp/TitleTxt22PROGRAM DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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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/Desc0RESEARCH AND ADVISORYICIC STRENGTHENS INNER CITY ECONOMIES BY PROVIDING BUSINESSES, GOVERNMENTS AND INVESTORS WITH THE MOST COMPREHENSIVE AND ACTIONABLE INFORMATION ABOUT URBAN MARKET OPPORTUNITIES IN THE FIELD. OUR UNIQUE KNOWLEDGE OF INNER CITY COMPETITIVE ADVANTAGES AND INNER CITY COMPANIES IS DEVELOPED FROM SPECIALIZED URBAN NETWORKS AND GROUNDBREAKING RESEARCH AND PRACTICE. 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.ICIC'S RESEARCH AND ADVISORY PRIORITIES FALL INTO FOUR MAIN CATEGORIES:- ECONOMIC DEVELOPMENT, CLUSTER GROWTH, & EVALUATION- ANCHOR INITIATIVES- RESILIENCE- INNER CITY BUSINESS GROWTHIN 2017, ICIC'S WORK INCLUDED, COMPLETING THE THIRD YEAR OF OUR EVALUATION OF JPMORGAN CHASE'S SMALL BUSINESS FORWARD GRANTEES, CONTINUING THE COMPREHENSIVE ALUMNI SURVEY OF PREVIOUS INNER CITY 100 ALUMNI, BEGINNING EVALUATION OF THE FIRST COHORT OF BUSINESSES FROM THE SANTANDER CULTIVATE SMALL BUSINESS PROGRAM, COMMENCING NATIONAL RESEARCH ON THE ROLE OF ARTS AND CULTURE ORGANIZATIONS AS COMMUNITY ANCHORS, AND ENGAGING IN FIVE OTHER RESEARCH AND ADVISORY PROJECTS.
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,586,695
Liabilities
$206,187
Net assets
$7,380,508
Revenue
$4,932,326
Expenses
$4,348,578
Net income
$583,748
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
2017Detailed filing. Detailed filing data is available for this year.$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
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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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