Civic Intelligence

Initiative for a Competitive Inner City Inc.

990 • Fiscal year 2018 • EIN 13-3772904

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 26, 2019

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

32nd percentile

0.05x

Higher debt load relative to assets than 32% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

26th percentile

0.06x

Higher debt load relative to revenue than 26% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

24th percentile

-5.1%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$277,738

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

9th percentile

-11%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$6,721,684

Down $865,011 (-11%) from 2017

Net Assets

Down

$6,391,184

Down $989,324 (-13%) from 2017

Liabilities

Up

$330,500

Up $124,313 (+60%) from 2017

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin24th percentile

Revenue

Up

$5,543,213

Up $610,887 (+12%) from 2017

Expenses

Up

$5,824,778

Up $1,476,200 (+34%) from 2017

Net Income

Down

-$281,565

Down $865,313 (-148%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2018

Assets$6,721,684
Liabilities$330,500
Net Assets$6,391,184
Open 2018 Filing

Operations Trend

Revenue Growth68th 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

2018

Revenue$5,543,213
Expenses$5,824,778
Net Income-$281,565
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 26, 2019
Return Version
2018v3.1
Gross Receipts
$7,076,428
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$4,795,970$4,198,971▼ $596,999
Cash and Non-Interest-Bearing Accounts$2,065,289$1,304,856▼ $760,433
Savings and Temporary Cash Investments$548,912$564,423▲ $15,511
Accounts Receivable$48,843$466,854▲ $418,011
Land, Buildings, and Equipment, Net$88,047$129,997▲ $41,950
Prepaid Expenses and Deferred Charges$39,634$56,583▲ $16,949
Total Assets$7,586,695$6,721,684▼ $865,011
Liabilities
Accounts Payable and Accrued Expenses$206,187$330,500▲ $124,313
Total Liabilities$206,187$330,500▲ $124,313
Net Assets / Fund Balance
Unrestricted Net Assets$6,125,069$5,371,015▼ $754,054
Temporarily Rstr Net Assets$1,255,439$1,020,169▼ $235,270
Total Net Assets Fund Balance$7,380,508$6,391,184▼ $989,324
Total Liabilities and Net Assets / Fund Balance$7,586,695$6,721,684▼ $865,011

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$74,078$76,001$150,079
Equipment$55,919$77,568$133,487
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Grossman SteveChief Executive OfficerFT$262,500$15,238$277,738
Camp MatthewPresident and Chief OperatFT$225,789$13,019$238,808
Zeuli KimVP of Research and DirectoFT$216,298$10,208$226,506
Wial HowardSr. VP of ResearchFT$114,000$11,150$125,150
Bondar OksanaChief Financial OfficerFT$109,885$4,838$114,723
Moin SoniaProgram DirectorFT$101,665$10,771$112,436

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
$5,622,267
Program Service Revenue
$0
Investment Income
$-85,503
Other Revenue
$6,449
All Other Contributions
$5,622,267
Change in Net Assets
$-281,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,504,762
Revenue Not Reported on Financial Statements
$38,451
Revenue Not Reported on Form 990
$-604,576
Total Revenue per Audited Statements
$4,900,186
Total Revenue per Form 990
$5,543,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,268,684
Other Expenses$2,556,094
Total Fundraising Expense$334,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,681,194$187,523$100,672$1,969,389
Current Officers, Directors, Trustees, and Key Employees$492,827$218,033$146,917$857,777
Fees for Services Other$403,507$36,521-$440,028
Fees for Services Management$318,012$31,532$8,872$358,416
Travel$233,872$880$8,080$242,832
Office Expenses$193,994$12,120$8,245$214,359
Payroll Taxes$161,001$33,421$18,280$212,702
Other Employee Benefits$174,529$7,540$18,822$200,891
Occupancy$110,360$14,780$8,365$133,505
Depreciation Depletion$37,041$4,959$2,808$44,808
Fees for Service Investment Mgmnt Fees-$38,451-$38,451
Pension Plan Contributions$27,925--$27,925
Fees for Services Legal-$23,471-$23,471
Other Expenses$14,543$2,964$5,305$22,812
Fees for Services Accounting-$17,774-$17,774
Conferences and Meetings$8,953$1,171$664$10,788
Insurance$5,585$748$423$6,756
All Other Expenses$3,109$628$2,561$6,298
Total Functional Expenses$4,840,534$649,455$334,789$5,824,778

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,889,510
Total Expenses per Form 990$5,824,778
Expenses per Audited Statements$5,786,327
Expenses Not Reported on Form 990$103,183
Expenses Not Reported on Financial Statements$38,451
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
Willie WoodsBoard MemberWillie Woods Is the Managing Member of Icv Associates Ii and Iii Which Icic Made Capital Calls to During 2018.No$227,061
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
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
2019-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Grossman
Formed
1994
Legal Domicile
De
Voting Board Members
18
Independent Board Members
17
Employees
54
Volunteers
18

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Katie J Belanger
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, 2018. Icic's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML AppendixShowing 400 of 638 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 CAPITAL CONNECTIONS, 10,000 SMALL BUSINESSES, INNER CITY 100, AND CULTIVATE SMALL BUSINESS.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 2,200 UNIQUE FIRMS THAT HAVE IN TURN RAISED ALMOST $2 BILLION IN CAPITAL AND CREATED NEARLY 20,000 JOBS.IN 2018, ICCC HELD EXECUTIVE EDUCATION SEMINARS IN BOSTON, CHICAGO, LOS ANGELES, SAN DIEGO, SACRAMENTO, MEMPHIS, ATLANTA, PHILADELPHIA, BALTIMORE, TAMPA, AND SPRINGFIELD MA, TRAINING 734 URBAN BUSINESS OWNERS. PARTICIPANTS ATTENDED A NATIONAL CONFERENCE NOVEMBER 13TH IN BOSTON, 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 16 MARKETS: NEW YORK, LOS ANGELES, LONG BEACH, NEW ORLEANS, CLEVELAND, HOUSTON, CHICAGO, SALT LAKE CITY, PHILADELPHIA, MIAMI, DETROIT, DALLAS, RHODE ISLAND, BALTIMORE, IOWA AND NEW HAMPSHIRE. THERE IS ALSO A BLENDED NATIONAL COHORT, BOTH ONLINE AND IN-PERSON, HOSTED TWICE A YEAR BY BABSON COLLEGE, OFFERED NATIONALLY TO SMALL BUSINESSES OUTSIDE OF THE 16 LOCAL MARKETS.SINCE INCEPTION THE PROGRAM HAS EDUCATED OVER 8,200 SMALL BUSINESS OWNERS. UPON GRADUATION FROM THE PROGRAM, 57% OF ALUMNI REPORTED JOB GROWTH AND 77% REPORTED INCREASED REVENUES 30 MONTHS AFTER COMPLETION AS COMPARED TO 25% AND 47% RESPECTIVELY FOR SMALL BUSINESSES OUTSIDE OF THE PROGRAM OVER THE SAME TIME PERIOD.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. AS OF 2018, ICIC HAS RECOGNIZED 974 UNIQUE WINNERS OF THE INNER CITY 100 AWARD. OUR 2018 WINNERS EMPLOYED 86 FULL- AND PART-TIME EMPLOYEES ON AVERAGE IN 2017. THESE COMPANIES HAD AN APPROXIMATE AVERAGE REVENUE GROWTH RATE OF 436% FROM 2013-2017 AND GENERATED AN AVERAGE OF $14.8 MILLION IN SALES IN 2017. 39 PERCENT OF 2018 WINNERS REPORTED THAT THEIR COMPANIES WERE CERTIFIED OR ELIGIBLE MINORITY-OWNED COMPANIES AND 29 PERCENT REPORTED THAT THEIR COMPANIES WERE CERTIFIED OR ELIGIBLE WOMEN-OWNED COMPANIES.CULTIVATE SMALL BUSINESSICIC IS A PROUD PARTNER OF SANTANDER BANK ON ITS INNOVATING CULTIVATE SMALL BUSINESS PROGRAM. THE PROGRAM IS DESIGNED TO HELP EARLY-STAGE ENTREPRENEURS IN LOW-INCOME NEIGHBORHOODS BUILD AND SUSTAIN THEIR BUSINESS, WITH A FOCUS ON WOMEN-, MINORITY- AND IMMIGRANT-OWNED COMPANIES IN FOOD-RELATED INDUSTRIES. THE PROGRAM PROVIDES INDUSTRY SPECIFIC EDUCA
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IRS990/Form990PartVIISectionAGrp/PersonNm0PORTER MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm1HOMER RONALD
IRS990/Form990PartVIISectionAGrp/PersonNm2MCKENZIE BRENDA
IRS990/Form990PartVIISectionAGrp/PersonNm3BACHMANN JOHN
IRS990/Form990PartVIISectionAGrp/PersonNm4BERKE BARBARA
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IRS990/Form990PartVIISectionAGrp/PersonNm6CLARK RENA
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IRS990/Form990PartVIISectionAGrp/PersonNm9LYNCH JAIR
IRS990/Form990PartVIISectionAGrp/PersonNm10PAGLIUCA JUDY
IRS990/Form990PartVIISectionAGrp/PersonNm11PRIMO QUINTIN
IRS990/Form990PartVIISectionAGrp/PersonNm12SCHIRO SUSAN
IRS990/Form990PartVIISectionAGrp/PersonNm13STERN CARL
IRS990/Form990PartVIISectionAGrp/PersonNm14SYKES KIRK
IRS990/Form990PartVIISectionAGrp/PersonNm15WHITE BARRY
IRS990/Form990PartVIISectionAGrp/PersonNm16WOODS WILLIE
IRS990/Form990PartVIISectionAGrp/PersonNm17GROSSMAN STEVE
IRS990/Form990PartVIISectionAGrp/PersonNm18CASTRO THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm19CAMP MATTHEW
IRS990/Form990PartVIISectionAGrp/PersonNm20BONDAR OKSANA
IRS990/Form990PartVIISectionAGrp/PersonNm21ZEULI KIM
IRS990/Form990PartVIISectionAGrp/PersonNm22WIAL HOWARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER & CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT AND CHIEF OPERAT
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF RESEARCH AND DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt22SR. VP OF RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt23PROGRAM DIRECTOR
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/OtherExpensesGrp/Desc1SPONSORSHIPS
IRS990/OtherExpensesGrp/Desc2PUBLICATION AND SUBSCRI
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
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IRS990/OtherExpensesGrp/FundraisingAmt1683
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IRS990/OtherExpensesGrp/TotalAmt322812
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IRS990/PrincipalOfficerNm0STEVE GROSSMAN
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH AND ADVISORYICIC STRENGTHENS THE ECONOMIES OF ECONOMICALLY DISTRESSED COMMUNITIES BY PROVIDING PUBLIC, PRIVATE, NONPROFIT, AND COMMUNITY LEADERS WITH THE INFORMATION THEY NEED TO RESPOND TO TODAY'S ECONOMIC DEVELOPMENT CHALLENGES AND OPPORTUNITIES. OUR UNIQUE KNOWLEDGE OF ECONOMIC DEVELOPMENT IN DISTRESSED COMMUNITIES IS DEVELOPED FROM A SYNTHESIS OF RESEARCH AND PRACTICE. WE ADVANCE THOUGHT AND PRACTICE THROUGH A COMBINATION OF CUTTING-EDGE RESEARCH, BENCHMARKING TOOLS, AND PUBLIC COMMUNICATION. ICIC'S ONGOING STATE OF THE INNER CITY ECONOMIES (SICE) RESEARCH MAPS THE ECONOMIC PERFORMANCE, BUSINESS VITALITY, AND RESIDENT PROSPERITY OF DISTRESSED COMMUNITIES. THERE ARE 364 DISTRESSED COMMUNITIES LOCATED IN AMERICAN CITIES WITH A POPULATION GREATER THAN 75,000. 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 COMMUNITIES.ICIC'S RESEARCH PRIORITIES FALL INTO FOUR MAIN CATEGORIES: - ECONOMIC AND SOCIAL DEVELOPMENT OF DISTRESSED COMMUNITIES - INDUSTRIAL STRATEGIES FOR OPPORTUNITY CLUSTERS (INCLUDING ANCHOR INITIATIVES) - BUSINESS AND INVESTMENT IN DISTRESSED COMMUNITIES - WORKFORCE DEVELOPMENT FOR THE RESIDENTS OF DISTRESSED COMMUNITIESIN 2018, ICIC'S WORK INCLUDED, COMPLETING A FOURTH YEAR OF OUR EVALUATION OF JPMORGAN CHASE'S SMALL BUSINESS FORWARD GRANTEES, COMPLETING A COMPREHENSIVE ALUMNI SURVEY OF PREVIOUS INNER CITY 100 ALUMNI, CONTINUING EVALUATION OF BUSINESSES PARTICIPATING IN THE SANTANDER CULTIVATE SMALL BUSINESS PROGRAM, CONTINUING NATIONAL RESEARCH ON THE ROLE OF ARTS AND CULTURE ORGANIZATIONS AS COMMUNITY ANCHORS, AND ENGAGING IN SIX OTHER RESEARCH AND ADVISORY PROJECTS.
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IRS990/PYTotalExpensesAmt04348578
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04932326
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,721,684
Liabilities
$330,500
Net assets
$6,391,184
Revenue
$5,543,213
Expenses
$5,824,778
Net income
-$281,565
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
2018Detailed filing. Detailed filing data is available for this year.$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
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