Civic Intelligence

Ikon Education Institute

EIN 51-0626141 • 501(c)3 • Seattle, WA

Profile

ILAE offers a global education that nurtures students to discover their purpose, challenges them to think critically, empowers them to set and surpass their own standards, and inspires them to contribute to the leadership efforts of Ethiopia and Africa.

PO Box 20034Seattle, WA 98102

ilacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

19.66x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

21st percentile

-25%

Higher net margin than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

11th percentile

-96%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-39%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,310

Down $49,877 (-96%) from 2017

Liabilities

Down

$45,410

Down $500 (-1.1%) from 2017

Net Assets

Down

-$43,100

Down $49,377 (-787%) from 2017

Operations
Liabilities / Revenue89th percentileNet Margin21st percentile

Revenue

Down

$162,054

Down $102,141 (-39%) from 2017

Expenses

Down

$202,015

Down $25,681 (-11%) from 2017

Net Income

Down

-$39,961

Down $76,460 (-209%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2012: $69,857Liabilities 2012: $02012Assets 2013: $21,128Liabilities 2013: $02013Assets 2014: $692Liabilities 2014: $02014Assets 2015: $13,139Liabilities 2015: $18,875Net Assets 2015: -$5,7362015Assets 2016: $23,726Liabilities 2016: $17,875Net Assets 2016: $5,8512016Assets 2017: $52,187Liabilities 2017: $45,910Net Assets 2017: $6,2772017Assets 2018: $2,310Liabilities 2018: $45,410Net Assets 2018: -$43,1002018

Highlighted filing

2018

Assets$2,310
Liabilities$45,410
Net Assets-$43,100
Open 2018 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $93,206Expenses 2012: $44,466Net Income 2012: $48,7402012Revenue 2013: $111,773Expenses 2013: $160,502Net Income 2013: -$48,7292013Revenue 2014: $177,069Expenses 2014: $197,505Net Income 2014: -$20,4362014Revenue 2015: $242,132Expenses 2015: $228,994Net Income 2015: $13,1382015Revenue 2016: $272,929Expenses 2016: $261,342Net Income 2016: $11,5872016Revenue 2017: $264,195Expenses 2017: $227,696Net Income 2017: $36,4992017Revenue 2018: $162,054Expenses 2018: $202,015Net Income 2018: -$39,9612018

Highlighted filing

2018

Revenue$162,054
Expenses$202,015
Net Income-$39,961
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$2,310
Liabilities
$45,410
Net assets
-$43,100
Revenue
$162,054
Expenses
$202,015
Net income
-$39,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Summary only. Only limited summary data is available for this year.$0.02$0.45$0.43$1.62$2.02$0.40
2017Summary only. Only limited summary data is available for this year.$0.52$0.46$0.06$2.64$2.28$0.36
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.18$0.06$2.73$2.61$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.19$0.06$2.42$2.29$0.13
2014Summary only. Only limited summary data is available for this year.$0.01$0.00$1.77$1.98$0.20
2013Summary only. Only limited summary data is available for this year.$0.21$0.00$1.12$1.61$0.49
2012Summary only. Only limited summary data is available for this year.$0.70$0.00$0.93$0.44$0.49
Latest Detailed Filing

The latest 2018 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$272,929
Mission and Program Overview

Mission

ILAE offers a global education that nurtures students to discover their purpose, challenges them to think critically, empowers them to set and surpass their own standards, and inspires them to contribute to the leadership efforts of Ethiopia and Africa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,139$23,726▲ $10,587
Loans From Officers Directors$18,875$17,875▼ $1,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$13,139$23,726▲ $10,587
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$18,875$17,875▼ $1,000
Net Assets / Fund Balance
Unrestricted Net Assets$-5,736$5,851▲ $11,587
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-5,736$5,851▲ $11,587
Total Liabilities and Net Assets / Fund Balance$13,139$23,726▲ $10,587
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Jim MillerBoard Chair
Neal SobaniaVice President
Bee LimDirector
Beka TakluDirector
Bruce LambDirector
Daniel TarekegnDirector
Haddis TadesseDirector
Ellen TaussigExecutive Director
Niomi FissehaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$272,929
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$272,929
Change in Net Assets
$11,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$179,909
Salaries, Compensation, and Employee Benefits$75,620
Other Expenses$5,813
Total Fundraising Expense$1,322
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$179,909--$179,909
Other Salaries and Wages$58,865$0$0$58,865
Payroll Taxes$16,755$0$0$16,755
Travel$2,054$0$0$2,054
Office Expenses$105$1,450$0$1,555
Advertising$0$0$1,322$1,322
Fees for Services Accounting$0$625$0$625
Insurance$0$257$0$257
Total Functional Expenses$257,688$2,332$1,322$261,342
International Activity

International Summary

Offices
1
Employees
1
Spending
$182,360

International Compliance

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
Sub-Saharan AfricaProgram ServicesInternational Leadership Academy11$182,360
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$18,875$17,875▼ $1,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 Form 990 is sent to all board members for review and feedback before filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request and via charity websites.”

Filing and Contact Details

Filer

Filer Name
Ikon Education Institute
EIN
51-0626141
Phone
2063243569
Address
PO Box 20034, Seattle, WA 98102

Signing Officer

Name
James Miller
Title
Board Chair
Phone
2066192144
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Taussig
Formed
2008
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
5

Preparer

Firm
100 Degrees Consulting
Address
9092 Red Cedar Drive, West Chester, OH 45069
Preparer
Stephanie Skryzowski
Phone
2034999774
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IRS990/Desc0International Leadership Academy of Ethiopia (ILAE) is a not-for-profit secondary educational institution in Addis Ababa, Ethiopia. ILAE currently serves 105 students from grades 9 to 12, in addition to its very first inclusive special education program in the country.
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