Civic Intelligence

Int'L Communications

EIN 54-1796648 • 501(c)3 • Fairfax, VA

Profile

The international communications industries foundation (icif) is chartered to support the audiovisual communications industry, bringing manufacturers and dealers together to improve the industry through education and research. Primary activities include workforce development and scholarships.

11242 Waples Mill Road Suite 200Fairfax, VA 22030

www.infocomm.org/foundation

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2020

Top Officer Pay

99th percentile

$174,994

Higher top officer pay than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $1,507,172 (-100%) from 2019

Liabilities

Down

$0

Down $76,821 (-100%) from 2019

Net Assets

Down

$0

Down $1,430,351 (-100%) from 2019

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $118,679 (-100%) from 2019

Expenses

Down

$0

Down $301,687 (-100%) from 2019

Net Income

Up

$0

Up $183,008 (+100%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,398,105Liabilities 2010: $76,229Net Assets 2010: $1,321,8762010Assets 2011: $1,369,445Liabilities 2011: $94,631Net Assets 2011: $1,274,8142011Assets 2012: $1,542,033Liabilities 2012: $122,149Net Assets 2012: $1,419,8842012Assets 2013: $1,753,665Liabilities 2013: $130,995Net Assets 2013: $1,622,6702013Assets 2014: $1,799,617Liabilities 2014: $195,191Net Assets 2014: $1,604,4262014Assets 2015: $1,505,170Liabilities 2015: $31,792Net Assets 2015: $1,473,3782015Assets 2016: $1,478,134Liabilities 2016: $11,150Net Assets 2016: $1,466,9842016Assets 2017: $1,633,802Liabilities 2017: $4,322Net Assets 2017: $1,629,4802017Assets 2018: $1,508,860Liabilities 2018: $83,258Net Assets 2018: $1,425,6022018Assets 2019: $1,507,172Liabilities 2019: $76,821Net Assets 2019: $1,430,3512019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$200K$0-$200KRevenue 2010: $54,162Expenses 2010: $58,933Net Income 2010: -$4,7712010Revenue 2011: $69,201Expenses 2011: $43,903Net Income 2011: $25,2982011Revenue 2012: $149,810Expenses 2012: $46,920Net Income 2012: $102,8902012Revenue 2013: $119,491Expenses 2013: $55,160Net Income 2013: $64,3312013Revenue 2014: $332,385Expenses 2014: $86,650Net Income 2014: $245,7352014Revenue 2015: $31,843Expenses 2015: $77,193Net Income 2015: -$45,3502015Revenue 2016: $18,725Expenses 2016: $137,613Net Income 2016: -$118,8882016Revenue 2017: $30,825Expenses 2017: $64,510Net Income 2017: -$33,6852017Revenue 2018: $64,354Expenses 2018: $95,376Net Income 2018: -$31,0222018Revenue 2019: $118,679Expenses 2019: $301,687Net Income 2019: -$183,0082019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2020

Revenue$0
Expenses$0
Net Income$0
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.08$1.43$0.12$0.30$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.08$1.43$0.06$0.10$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.00$1.63$0.03$0.06$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.01$1.47$0.02$0.14$0.12
2015Summary only. Only limited summary data is available for this year.$1.51$0.03$1.47$0.03$0.08$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.80$0.20$1.60$0.33$0.09$0.25
2013Summary only. Only limited summary data is available for this year.$1.75$0.13$1.62$0.12$0.06$0.06
2012Summary only. Only limited summary data is available for this year.$1.54$0.12$1.42$0.15$0.05$0.10
2011Summary only. Only limited summary data is available for this year.$1.37$0.09$1.27$0.07$0.04$0.03
2010Summary only. Only limited summary data is available for this year.$1.40$0.08$1.32$0.05$0.06$0.00
Latest Detailed Filing

The latest 2020 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$1,791,501
Mission and Program Overview

Mission

The international communications industries foundation (icif) is chartered to support and improve the audiovisual communications industry through education and research. Primary activities include workforce development and scholarships.

The icif is chartered to support the audiovisual communications industry, bringing manufacturers & dealers together to improve the industry through education and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,710,098$1,757,550▲ $47,452
Cash and Non-Interest-Bearing Accounts$6,154$4,654▼ $1,500
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
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,753,665$1,799,617▲ $45,952
Other Assets Total$37,413$37,413→ $0
Liabilities
Other Liabilities$130,995$195,191▲ $64,196
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$130,995$195,191▲ $64,196
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,000,000$1,000,000→ $0
Temporarily Rstr Net Assets$586,669$568,425▼ $18,244
Unrestricted Net Assets$36,001$36,001→ $0
Total Net Assets Fund Balance$1,622,670$1,604,426▼ $18,244
Total Liabilities and Net Assets / Fund Balance$1,753,665$1,799,617▲ $45,952

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,341,738$0▲ $54,273$0$1,325,636
2013$1,164,483$0▲ $220,599$0$1,341,738
2012$1,057,668$0▲ $139,351$0$1,164,483
2011$1,226,664$0▼ $136,388$0$1,057,668
2010$1,142,212$0▲ $136,701$0$1,226,664
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleBaseOtherTotal
Duffy WilbertExecutive Director$16,434$2,321$18,755

Board Members and Trustees

NameTitle
Ron CamdenPresident
Barry GoldinDirector
Jeff FaberDirector
Jeff StoebnerDirector
Jeffrey LippDirector
Marc BertrandDirector
PEGGY O'KEEFEDirector
Kevin MaddenChief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$331,385
Other Revenue
$0
All Other Contributions
$1,000
Change in Net Assets
$245,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,395
Grants and Similar Amounts Paid$23,500
Salaries, Compensation, and Employee Benefits$18,755
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$44,395$0$0$44,395
Grants to Domestic Individuals$23,500--$23,500
Current Officers, Directors, Trustees, and Key Employees$18,755--$18,755
Total Functional Expenses$86,650$0$0$86,650
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$195,191
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
INT'L COMMUNICATIONS
EIN
54-1796648
In Care Of
% BALVINDER BAINS
Phone
7032737200
Address
11242 WAPLES MILL ROAD SUITE 200, FAIRFAX, VA 22030

Signing Officer

Name
Greg Feehan
Title
CFO
Phone
7032737200
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Jaffe
Formed
1996
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cohnreznick Llp
Address
6720B ROCKLEDGE DRIVE SUITE 750, BETHESDA, MD 20817
Preparer
DANIEL D O'SHEA
Phone
3016547555
Supplemental Narrative

Additional Explanations

Process Used to Review Form 990

“PART VI, SECTION A, LINE 11B The Chief Financial Officer conducted a detailed review of the Form 990 during the ICIF Board meeting held on October 8, 2015.”

Process Used to Monitor Compliance With Conflict of Interest Policy

“Part vi, section b, line 12c the organization collects annual conflict of interest disclosures.”

Process for Determining Compensation

“PART VI, SECTION B, QUESTIONS 15a AND 15b THE EXECUTIVE DIRECTOR'S SALARY WAS DETERMINED BY A SALARY SURVEY COMPLETED IN 2011.”

How Organizing Documents Are Made Available to the Public

“PART VI, SECTION C, LINE 19 Upon request (electronically or hard copy) and on the Internet via Guidestar.”

Financial Statement Notes

Fin 48 Disclosure

“ICIF was reincorporated in 1995 and is exempt from federal income tax under Section 501(c)(3) of the U.S. Internal Revenue Code. Tax years prior to 2011 are no longer subject to examination by the IRS or the tax jurisdiction of the Commonwealth of Virginia. During the years ended December 31, 2014 and 2013, ICIF did not have net taxable income. There is no provision in these financial statements for income taxes or interest and penalties related to unrecognized tax benefits.”

Endowment Funds

“ICIF's permanently restricted net assets are restricted for investment in perpetuity, the income from which is expendable to support ICIF's outreach scholarship program. Scholarships will be awarded to persons pursuing advanced degrees and will promote entry into the communications industry. InfoComm provided a grant on December 22, 1999, to fund this program. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.”

Raw XML AppendixShowing 400 of 631 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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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
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IRS990/ActivityOrMissionDesc0THE ICIF IS CHARTERED TO SUPPORT THE AUDIOVISUAL COMMUNICATIONS INDUSTRY, BRINGING MANUFACTURERS & DEALERS TOGETHER TO IMPROVE THE INDUSTRY THROUGH EDUCATION AND RESEARCH.
IRS990/AdvertisingGrp/TotalAmt00
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IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
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IRS990/BooksInCareOfDetail/PhoneNum07032737200
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IRS990/BooksInCareOfDetail/USAddress/CityNm0FAIRFAX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022030
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06154
IRS990/CashNonInterestBearingGrp/EOYAmt04654
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt018755
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt018755
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NONE
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01000
IRS990/CYGrantsAndSimilarPaidAmt023500
IRS990/CYInvestmentIncomeAmt0331385
IRS990/CYOtherExpensesAmt044395
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0245735
IRS990/CYSalariesCompEmpBnftPaidAmt018755
IRS990/CYTotalExpensesAmt086650
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0332385
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0AWARD POST-SECONDARY SCHOLARSHIPS FOR STUDENTS WISHING TO PURSUE FURTHER EDUCATION RELATED TO AV AND FOR AV INDUSTRY WORKERS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt086650
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm0RON CAMDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1BARRY GOLDIN
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF STOEBNER
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IRS990/Form990PartVIISectionAGrp/PersonNm5PEGGY O'KEEFE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0293414
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt023500
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt023500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt01791501
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IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
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IRS990/InterestGrp/TotalAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037971
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/MissionDesc0THE INTERNATIONAL COMMUNICATIONS INDUSTRIES FOUNDATION (ICIF) IS CHARTERED TO SUPPORT THE AUDIOVISUAL COMMUNICATIONS INDUSTRY, BRINGING MANUFACTURERS AND DEALERS TOGETHER TO IMPROVE THE INDUSTRY THROUGH EDUCATION AND RESEARCH. PRIMARY ACTIVITIES INCLUDE WORKFORCE DEVELOPMENT AND SCHOLARSHIPS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Foundation and the Supported Organization (InfoComm International)
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Foundation and Supported Organization are under common management
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 3c
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section C, Line 1
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INT'L COMM INDUSTRIES ASSOC DBA INFOCOMM INTERNATIONAL
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ICIF was reincorporated in 1995 and is exempt from federal income tax under Section 501(c)(3) of the U.S. Internal Revenue Code. Tax years prior to 2011 are no longer subject to examination by the IRS or the tax jurisdiction of the Commonwealth of Virginia. During the years ended December 31, 2014 and 2013, ICIF did not have net taxable income. There is no provision in these financial statements for income taxes or interest and penalties related to unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ICIF's permanently restricted net assets are restricted for investment in perpetuity, the income from which is expendable to support ICIF's outreach scholarship program. Scholarships will be awarded to persons pursuing advanced degrees and will promote entry into the communications industry. InfoComm provided a grant on December 22, 1999, to fund this program. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 DISCLOSURE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1ENDOWMENT FUNDS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH YEAR, THE ICIF OFFERS A SCHOLARSHIP PROGRAM FOR TWO LEVELS OF STUDENTS: 1) STUDENTS ENTERING JUNIOR OR SENIOR YEAR OF A BACHELOR'S OR A MASTER'S DEGREE IN SELECTED ENGINEERING PROGRAMS THAT SUPPORT THE AUDIOVISUAL INDUSTRY AND 2) GRADUATING HIGH SCHOOL SENIORS ENTERING SPECIFIC AUDIOVISUAL RELATED DEGREE PATHWAYS. SHORTLY AFTER JANUARY 1ST OF EVERY YEAR, THE APPLICATION GUIDELINES, APPLICATIONS AND THE SCHOLARSHIP PROGRAM ARE PLACED UPON THE ICIF WEBSITE. THERE ARE ALSO SEVERAL INTERNET SCHOLARSHIP WEBSITES THAT ARE LINKED TO THE ICIF SCHOLARSHIP SITE. APPLICATIONS, TO INCLUDE TRANSCRIPTS AND LETTERS OF RECOMMENDATION, ARE FORWARDED TO THE ICIF EXECUTIVE DIRECTOR. DURING MAY, THE ICIF BOARD OF DIRECTORS SELECTS A SUB-COMMITTEE OF MEMBERS WHO ARE PROVIDED THE APPLICATIONS ALONG WITH A RATING SCALE. BASED UPON THE AVAILABLE FUNDS FOR USE IN THE SCHOLARSHIP PROGRAM, THE NUMBER OF STUDENTS ARE SELECTED AND ULTIMATELY NOTIFIED OF THE AWARDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PROCESS FOR MONITORING GRANT USE
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