Civic Intelligence

Initiative for a Competitive Inner City Inc.

990 • Fiscal year 2023 • EIN 13-3772904

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfileWWW.ICIC.ORG

View Organization Page

PO Box 191297Roxbury, MA 02119

(617) 238-1740

Siviq Scores

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

Liabilities / Assets

26th percentile

0.04x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.05x

Higher debt load relative to revenue than 17% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

23rd percentile

-6.6%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$369,362

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

28th percentile

-0.4%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$11,620,463

Down $41,390 (-0.4%) from 2022

Net Assets

Up

$11,186,073

Up $61,270 (+0.6%) from 2022

Liabilities

Down

$434,390

Down $102,660 (-19%) from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin23rd percentile

Revenue

Down

$9,070,017

Down $2,558,812 (-22%) from 2022

Expenses

Down

$9,667,573

Down $321,389 (-3.2%) from 2022

Net Income

Down

-$597,556

Down $2,237,423 (-136%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2023

Assets$11,620,463
Liabilities$434,390
Net Assets$11,186,073
Open 2023 Filing

Operations Trend

Revenue Growth16th 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

2023

Revenue$9,070,017
Expenses$9,667,573
Net Income-$597,556
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$9,143,255
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 drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,214,379$6,051,097▲ $836,718
Savings and Temporary Cash Investments$3,205,459$4,460,361▲ $1,254,902
Accounts Receivable$133,319$808,588▲ $675,269
Cash and Non-Interest-Bearing Accounts$2,915,593$141,557▼ $2,774,036
Prepaid Expenses and Deferred Charges$35,204$59,814▲ $24,610
Investments Program Related$34,639$29,850▼ $4,789
Land, Buildings, and Equipment, Net$52,858$26,927▼ $25,931
Total Assets$11,661,853$11,620,463▼ $41,390
Other Assets Total$70,402$42,269▼ $28,133
Liabilities
Accounts Payable and Accrued Expenses$454,547$391,421▼ $63,126
Other Liabilities$71,503$42,969▼ $28,534
Deferred Revenue$11,000--
Total Liabilities$537,050$434,390▼ $102,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,564,879$9,137,122▲ $572,243
Net Assets With Donor Restrictions$2,559,924$2,048,951▼ $510,973
Total Net Assets Fund Balance$11,124,803$11,186,073▲ $61,270
Total Liabilities and Net Assets / Fund Balance$11,661,853$11,620,463▼ $41,390

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,927$104,293$131,220
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve GrossmanChief Executive OfficerFT$355,156$14,206$369,362
Howard WialSr. VP of ResearchFT$224,604$15,760$240,364
Oksana BondarChief Financial OfficerFT$195,600$8,699$204,299
Sonia MoinSenior DirectorFT$174,788$6,992$181,780
Diego Portillo-mazalProgram DirectorFT$147,604$12,680$160,284
Andre LedgisterCommunications DirectorFT$153,214$4,089$157,303
Elizabeth BernalDirector of Talent & CultureFT$138,600$17,994$156,594
Elizabeth PughDevelopment DirectorFT$134,412$22,123$156,535

Board Members and Trustees

NameTitle
Ronald HomerChairman
Michael PorterFounder & Chairman Emeritus
Barry WhiteVice Chairman & Treasurer
Barbara BerkeBoard Member
Caron NgBoard Member
Darryl SettlesBoard Member
Dennis GreenBoard Member
George GendronBoard Member
Jair LynchBoard Member
Jennifer PinckBoard Member
Judy PagliucaBoard Member
Kevin ProkopBoard Member
Kim SawyerBoard Member
Linda ApplegateBoard Member
Rena ClarkBoard Member
Rosa SantanaBoard Member
Sonia SmythBoard Member
Stephanie HickmanBoard Member
Susan SchiroBoard Member
Willie WoodsBoard Member
Brenda MckenzieSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
LgndWebsite Development1445A LAUGHLIN AVE, Mclean, VA 22101$229,000
Pacific Community VenturesMentorship/coaching1714 FRANKLIN STREET SUITE 100-347, Oakland, CA 94612$135,000
Forward Planning & SolutionsBfg Curriculum Development And Implement6513 EVENSONG MEWS, Columbia, MD 21044$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$8,540,693
Program Service Revenue
$182,182
Investment Income
$347,142
Other Revenue
$0
All Other Contributions
$8,540,693
Change in Net Assets
$-597,556

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1,428$203,676Fair Market Value (FMV)
Total Noncash Contributions1,428$203,676-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,070,017
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,855,674
Total Revenue per Audited Statements
$10,925,691
Total Revenue per Form 990
$9,070,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,397,444
Other Expenses$3,750,265
Total Fundraising Expense$651,105
Grants and Similar Amounts Paid$519,864
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,863,316$491,583$413,693$3,768,592
Fees for Services Other$878,721$14,760$92,121$985,602
Advertising$875,720$5,110-$880,830
Current Officers, Directors, Trustees, and Key Employees$535,851$241,235$36,937$814,023
Grants to Domestic Individuals$443,750--$443,750
Other Employee Benefits$321,433$49,306$20,698$391,437
Fees for Services Management$348,180$7,030$3,798$359,008
Payroll Taxes$252,749$54,169$33,670$340,588
Office Expenses$301,761$20,174$11,348$333,283
Travel$264,803$4,121$8,759$277,683
Occupancy$77,221$12,175$6,877$96,273
Pension Plan Contributions$64,116$8,857$9,831$82,804
Foreign Grants$76,114--$76,114
Fees for Services Accounting$30,450$4,489$2,811$37,750
Depreciation Depletion$20,863$3,145$1,732$25,740
Other Expenses$14,617$20,953$969$20,953
Insurance$11,063$1,669$915$13,647
Fees for Services Legal$4,711$2,318-$7,029
All Other Expenses$2,146$4,046$225$6,417
Conferences and Meetings$2,308$1,763$543$4,614
Total Functional Expenses$8,034,385$982,083$651,105$9,667,573

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,843,468
Total Expenses per Form 990$9,667,573
Expenses per Audited Statements$9,646,620
Expenses Not Reported on Form 990$1,196,848
Expenses Not Reported on Financial Statements$20,953
Other Expense Adjustments$20,953
International Activity

International Summary

Offices
0
Employees
0
Spending
$76,114

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, But Not the United StatesGrants to Recipients Located in Canada-00$76,114
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$42,969
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 35% controlled entity
No
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

“The ceo's compensation adjustment is determined by the board of directors and is based on comparability data, performance, and financial limitations of the organization. The annual compensation adjustments for key employees follow the same procedures as compensation adjustments for all other employees. It's 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
PO BOX 191297, ROXBURY, MA 02119

Signing Officer

Name
Steve Grossman
Title
CEO
Phone
6172381740
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Grossman
Formed
1994
Legal Domicile
De
Voting Board Members
22
Independent Board Members
21
Employees
71
Volunteers
21

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Caitlin Limoges CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted labor: program service expenses 777,716. Management and general expenses 10,696. Fundraising expenses 90,000. Total expenses 878,412. Other professional fees: program service expenses 101,005. Management and general expenses 4,064. Fundraising expenses 2,121. Total expenses 107,190.”

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, 2023. Icic's information returns are subject to examination by the federal and state jurisdictions.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Relocation expense 20,953.”

Raw XML AppendixShowing 400 of 855 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 DRIVES INCLUSIVE ECONOMIC PROSPERITY IN UNDER-RESOURCED COMMUNITIES THROUGH INNOVATIVE RESEARCH AND PROGRAMS TO CREATE JOBS, INCOME, AND WEALTH FOR LOCAL RESIDENTS.
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IRS990/Desc0THE PROGRAM CONSISTS OF SEVEN INITIATIVES: INNER CITY CAPITAL CONNECTIONS, 10,000 SMALL BUSINESSES, BLACK IN BUSINESS, CULTIVATE SMALL BUSINESS, INNER CITY 100, BUILDING FOR GROWTH AND SUCCESSION READY.PROGRAM I, INITIATIVE 1. INNER CITY CAPITAL CONNECTIONSINNER CITY CAPITAL CONNECTIONS (ICCC) IS A TUITION-FREE EXECUTIVE LEADERSHIP TRAINING PROGRAM DESIGNED TO HELP SMALL AND MEDIUM SIZED BUSINESSES IN UNDER-RESOURCED COMMUNITIES BUILD CAPACITY AND RESILIENCY FOR SUSTAINABLE LONG-TERM REVENUE GROWTH, PROFITABILITY AND LOCAL JOB CREATION. ICCC PROVIDES THREE CRITICAL ELEMENTS: CAPACITY-BUILDING EDUCATION, ONE-ON-ONE COACHING AND CONNECTIONS TO CAPITAL AND CAPITAL PROVIDERS.OVER THE PAST 18 YEARS, THE PROGRAM HAS SERVED MORE THAN 6,600 BUSINESSES, THAT HAVE AVERAGED 153% REVENUE GROWTH, CREATED 28,000 JOBS, AND RAISED OVER $2.5 BILLION IN CAPITAL.PROGRAM I, INITIATIVE 2. 10,000 SMALL BUSINESSESICIC PARTNERS WITH GOLDMAN SACHS TO IDENTIFY HIGH-POTENTIAL ENTREPRENEURS FOR 10,000 SMALL BUSINESSES. THIS INITIATIVE HELPS SMALL BUSINESS OWNERS CREATE JOBS AND ECONOMIC OPPORTUNITY BY PROVIDING THEM WITH GREATER ACCESS TO BUSINESS EDUCATION, FINANCIAL CAPITAL AND BUSINESS SUPPORT SERVICES.TO DATE, THE PROGRAM HAS SERVED OVER 14,500 SMALL BUSINESSES FROM ALL 50 STATES, DC AND PUERTO RICO. GRADUATES OF THE PROGRAM HAVE SEEN INCREASED REVENUE AND 85% ARE ACTIVE IN ALUMNI GROUPS AS MENTORS OR DOING BUSINESS WITH OTHER ALUMNI.PROGRAM I, INITIATIVE 3. BLACK IN BUSINESSIN 2022, ICIC EXPANDED ITS PARTNERSHIP WITH GOLDMAN SACHS TO BETTER SERVE BLACK WOMEN SOLE PROPRIETORS WITH THE CREATION OF THE ONE MILLION BLACK WOMEN: BLACK IN BUSINESS PROGRAM. IN RESPONSE TO THE INCREASING NUMBER OF BLACK WOMEN SOLE PROPRIETORS AND THE OBSTACLES THEY FACE, THIS PROGRAM TEACHES PARTICIPANTS HOW TO PRICE THEIR PRODUCTS OR SERVICES, HIRE EMPLOYEES AND UNDERSTAND FINANCES THROUGH A TWELVE WEEK IN PERSON AND VIRTUAL CURRICULUM. THE PROGRAM WAS MET WITH IMMENSE ENTHUSIASM AND HAS SERVED 750 PARTICIPANTS SINCE ITS MAY 2022 LAUNCH. PROGRAM I, INITIATIVE 4. CULTIVATE SMALL BUSINESSCULTIVATE SMALL BUSINESS IS DESIGNED TO HELP EARLY-STAGE ENTREPRENEURS, ESPECIALLY BLACK, INDIGENOUS AND PEOPLE OF COLOR (BIPOC), WORKING TO BUILD AND SUSTAIN FOOD RELATED BUSINESSES IN DIVERSE NEIGHBORHOODS. THE PROGRAM PROVIDES INDUSTRY SPECIFIC EDUCATION, PROFESSIONAL NETWORKS AND MENTORING AS WELL AS SMALL CAPITAL GRANTS FOR BUSINESS OWNERS. THE PROGRAM HAS SUPPORTED OVER 500 FOOD ENTREPRENEURS SINCE ITS INCEPTION. PROGRAM I, INITIATIVE 5. INNER CITY 100THE INNER CITY 100 (IC100) IS AN ANNUAL AWARD THAT RECOGNIZES THE FASTEST-GROWING COMPANIES IN UNDER-RESOURCED COMMUNITIES ACROSS THE NATION. AWARD BENEFITS INCLUDE NATIONAL AND LOCAL MEDIA COVERAGE, EXCLUSIVE NETWORKING OPPORTUNITIES, AND THE OPPORTUNITY TO BE MATCHED WITH AN EXPERT, LONG-TERM BUSINESS MENTOR. THE IC100 LIST IS ANNOUNCED EACH YEAR AT THE ICIC ANNUAL CONFERENCE. THE 2023 IC100 WINNERS REPRESENTED 23 INDUSTRIES AND 54 CITIES AND EXPERIENCED AN AVERAGE 4-YEAR REVENUE GROWTH OF OVER 450%.PROGRAM I, INITIATIVE 6, BUILDING FOR GROWTHICIC'S BUILDING FOR GROWTH (BFG) IS A NATIONAL, ONLINE, TUITION-FREE EXECUTIVE EDUCATION PROGRAM THAT HELPS PRIMARILY BIPOC-, WOMAN-, AND VETERAN-OWNED CONSTRUCTION CONTRACTORS BUILD CAPACITY AND DEVELOP SUSTAINABLE GROWTH STRATEGIES THAT POSITION THEIR BUSINESSES TO INCREASE PROFITS. BFG COMBINES 18 ONLINE WEEKLY CLASSES, DEDICATED TECHNICAL ASSISTANCE, AND LONG-TERM MENTORSHIP TO SUCCESSFULLY SCALE CONSTRUCTION BUSINESSES. THE PROGRAM WAS LAUNCHED IN 2022 AND SINCE THEN HAS HELPED 166 COMPANIES ACROSS 29 STATES, OF WHICH 85% WERE BIPOC-OWNED, 62% WERE WOMAN-OWNED, AND 11% WERE VETERAN-OWNED.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1FOUNDER & CHAIRMAN EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt23SR. VP OF RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt24SENIOR DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DEVELOPMENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF TALENT & CULTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt28COMMUNICATIONS DIRECTOR
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IRS990/MissionDesc0ICIC DRIVES INCLUSIVE ECONOMIC PROSPERITY IN UNDER-RESOURCED COMMUNITIES THROUGH INNOVATIVE RESEARCH AND PROGRAMS TO CREATE JOBS, INCOME, AND WEALTH FOR LOCAL RESIDENTS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,620,463
Liabilities
$434,390
Net assets
$11,186,073
Revenue
$9,070,017
Expenses
$9,667,573
Net income
-$597,556
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
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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