Civic Intelligence

The Icarus Foundation

990EZ • Fiscal year 2014 • EIN 34-1863586

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 02, 2015

Organization ProfileN/A
11001 Edgewater DrCleveland, OH 44102

(216) 241-2127

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

111%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

17th percentile

-24%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$2,172

Down $701 (-24%) from 2013

Net Assets

Down

$2,172

Down $701 (-24%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$631

Down $15,949 (-104%) from 2013

Expenses

Down

$70

Down $12,375 (-99%) from 2013

Net Income

Down

-$701

Down $3,574 (-124%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$3.0K$2.0K$1.0K$0Assets 2013: $2,873Net Assets 2013: $2,8732013Assets 2014: $2,172Net Assets 2014: $2,1722014Assets 2015: $2,172Net Assets 2015: $2,1722015Assets 2019: $2,121Net Assets 2019: $2,1212019Assets 2020: $2,121Net Assets 2020: $2,1212020

Highlighted filing

2014

Assets$2,172
Liabilities-
Net Assets$2,172
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100K$50K$0-$50KRevenue 2013: $15,318Expenses 2013: $12,445Net Income 2013: $2,8732013Revenue 2014: -$631Expenses 2014: $70Net Income 2014: -$7012014Revenue 2015: $02015Revenue 2019: $87,015Expenses 2019: $87,031Net Income 2019: -$162019Revenue 2020: $02020

Highlighted filing

2014

Revenue-$631
Expenses$70
Net Income-$701
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 2, 2015
Return Version
2014v5.0
Gross Receipts
$43,123
Mission and Program Overview

Mission

Training under priveledged kids to be pilots and helping others less fortunate as well.

Program Services

DescriptionGrantsExpenses
Formed a formal association/alliance with NASA's SEMMA program to expand the scope of their Aerospace Lab at Cuyahoga Community College downtown campus.--
Expanded our outreach/awareness programs in Cuyahoga and Summit Counties as it relates to the Aerospace Industry and the related vocations to reach over 13,000 students.--
Fundraiser Events are to help those who are less fortunate. we raised this money for a fellow pilot who has cancer to help with his medical bills.--
0--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GEORGE K KATSIKASTrusteePT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gameing Night$15,340$15,340$4,400$10,940
Total Events$15,340$15,340$43,755$-28,415
Filing and Contact Details

Filer

Filer Name
The Icarus Foundation
EIN
34-1863586
Phone
2162412127
Address
11001 Edgewater Dr, Cleveland, OH 44102

Signing Officer

Name
George Katsikas
Title
President
Phone
2162412127
Signed
2015-11-02
Discuss with paid preparer
Yes

Preparer

Firm
Creative Business Strategies Inc
Address
192 E Wallings Rd Suite C, Broadview Hts, OH 44147
Preparer
Gary Cerasi
Phone
4405469359
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“DONATIONS”

Form 990EZ, Part II, Line 26

“Loans from officers & others federal tax state tax city tax”

Raw XML Appendix136 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cleveland
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044143
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02873
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt043123
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
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IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OccupancyRentUtltsAndMaintAmt045
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0Training under priveledged kids to be pilots and helping others less fortunate as well.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Formed a formal association/alliance with NASA's SEMMA program to expand the scope of their Aerospace Lab at Cuyahoga Community College downtown campus.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Expanded our outreach/awareness programs in Cuyahoga and Summit Counties as it relates to the Aerospace Industry and the related vocations to reach over 13,000 students.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Fundraiser Events are to help those who are less fortunate. we raised this money for a fellow pilot who has cancer to help with his medical bills.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt30
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt043754
IRS990EZ/SpecialEventsNetIncomeLossAmt0-28414
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0OH
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt070
IRS990EZ/TotalRevenueAmt0-631
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt027783
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt028033
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015340
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IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt043373
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt043123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/Total509Grp/TotalAmt043373
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt043373
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt043755
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt04108
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt04108
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gameing Night
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt016752
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt016752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015340
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015340
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015340
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-28415
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0238
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0238
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04400
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04400
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt018257
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt018257
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LOANS FROM OFFICERS & OTHERS FEDERAL TAX STATE TAX CITY TAX
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE KATSIKAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02162412127
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Icarus Foundation
ReturnHeader/Filer/BusinessNameControlTxt0ICAR
ReturnHeader/Filer/EIN0341863586
ReturnHeader/Filer/PhoneNum02162412127
ReturnHeader/Filer/USAddress/AddressLine1Txt011001 Edgewater Dr
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044147
ReturnHeader/PreparerPersonGrp/PhoneNum04405469359
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY CERASI
ReturnHeader/ReturnTs02015-11-02T11:12:36-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,172
Liabilities
-
Net assets
$2,172
Revenue
-$631
Expenses
$70
Net income
-$701
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$2.12$2.12$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.12$2.12$87.0$87.0$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.17$2.17$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.17$2.17$0.63$0.07$0.70
2013Detailed filing. Detailed filing data is available for this year.$2.87$2.87$15.3$12.4$2.87