Civic Intelligence

The IC Foundation Inc

990EZ • Fiscal year 2019 • EIN 74-3034115

Jan 01, 2019 to Oct 31, 2019 • Filed on Nov 16, 2020

4225 Solano Ave 709Napa, CA 94558

(919) 296-1166

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 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

1st percentile

-8500%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-47%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $1,257,874 (-100%) from 2018

Net Assets

Down

$0

Down $1,255,274 (-100%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$14,768

Down $13,324 (-47%) from 2018

Expenses

Up

$1,270,042

Up $697,412 (+122%) from 2018

Net Income

Down

-$1,255,274

Down $710,736 (-131%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $262,770Liabilities 2010: $0Net Assets 2010: $262,7702010Assets 2011: $76,055Liabilities 2011: $0Net Assets 2011: $76,0552011Assets 2012: $45,412Liabilities 2012: $02012Assets 2013: $38,158Liabilities 2013: $02013Assets 2014: $146,865Liabilities 2014: $0Net Assets 2014: $146,8652014Assets 2015: $72,222Liabilities 2015: $0Net Assets 2015: $72,2222015Assets 2016: $2,647,215Liabilities 2016: $334Net Assets 2016: $2,646,8812016Assets 2017: $1,927,646Liabilities 2017: $127,834Net Assets 2017: $1,799,8122017Assets 2018: $1,257,874Liabilities 2018: $2,600Net Assets 2018: $1,255,2742018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $250,611Expenses 2010: $90,087Net Income 2010: $160,5242010Revenue 2011: $500,789Expenses 2011: $61,336Net Income 2011: $439,4532011Revenue 2012: $94,378Expenses 2012: $125,522Net Income 2012: -$31,1442012Revenue 2013: $95,929Expenses 2013: $103,183Net Income 2013: -$7,2542013Revenue 2014: $385,657Expenses 2014: $276,949Net Income 2014: $108,7082014Revenue 2015: $257,471Expenses 2015: $332,114Net Income 2015: -$74,6432015Revenue 2016: $3,005,408Expenses 2016: $430,749Net Income 2016: $2,574,6592016Revenue 2017: $19,485Expenses 2017: $866,554Net Income 2017: -$847,0692017Revenue 2018: $28,092Expenses 2018: $572,630Net Income 2018: -$544,5382018Revenue 2019: $14,768Expenses 2019: $1,270,042Net Income 2019: -$1,255,2742019

Highlighted filing

2019

Revenue$14,768
Expenses$1,270,042
Net Income-$1,255,274
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Oct 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$14,768
Mission and Program Overview

Mission

To educate the public about impact investing

Program Services

DescriptionGrantsExpenses
GOOD COMPANIES/GOOD JOBS INITIATIVE: THIS PROJECT SUPPORTS TIME AND OPERATIONAL COSTS OF INVESTORS' CIRCLE TO DEVELOP AND IMPLEMENT PROGRAMS AND STRATEGIC INITIATIVES INCLUDING IMPACT DNA FOR ENTREPRENEURS, #FUNDEDBYICCOMMUNITY, COMPREHENSIVE CAPITAL FOR INVESTORS AND FIELD BUILDING AND INVESTMENT VEHICLES.$1,270,042$1,270,042
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TOM BALDERSTONTreasurer-$0--
JAMES DAVIDSONCo-Chair-$0--
GAGAN JARED LEVYCo-Chair-$0--
MAREN KEELEYSecretary-$0--
VALERiE RED-HORSE MOHLExecutive Director-$0--
ELISSA SANGALLI HILLARYBoard Member-$0--
MIKE ROWLANDSBoard Member-$0--
SHERRI PITTMAN HOWARDBoard Member-$0--
TERESA V PAHLBoard Member-$0--
HEATHER MASONBoard Member-$0--
ISAAC GRAVESInterim Ex. Director-$0--
RAAMAYAN ANANDABoard Member-$0--
JENNIFER WALSKEBoard Member-$0--
SEUNGAH JEONGBoard Member-$0--
TOPHER WILKINSBoard Member-$0--
MICHAEL PIRRONBoard Member-$0--
PRAFUL SHAHBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Ic Foundation Inc
EIN
74-3034115
Phone
9192961166
Address
4225 SOLANO AVE 709, NAPA, CA 94558

Signing Officer

Name
Isaac Graves
Title
Interim Ex. Director
Signed
2020-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Bregante Company LLP CPAs
Address
301 Battery St 2 Mezzanine, San Francisco, CA 94111
Preparer
Jennifer L Ruth
Phone
4157771001
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: SOCIAL VENTURE CIRCLE 4 | Donee's Address: 4225 SOLANO AVE., #709 NAPA CA 94558 | Relationship of Donee: SHARED BOARD MEMBERSHIP | Cash Amount Given: $793000

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: SOCIAL VENTURE CIRCLE | Donee's Address: 4225 SOLANO AVE., #709 NAPA CA 94558 | Relationship of Donee: SHARED BOARD MEMBERSHIP | Cash Amount Given: $477042

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $2600 Accounts Payable and Accrued Expenses - Ending $0

Sch O Statement 1

Extension was filed and granted

Sch N - Supplemental Information

In 2019, the ic foundation's board voted to dissolve the organization. As part of the dissolution, the organization made cash grants of its remaining assets to two supported organizations in october of 2019. As of october 31, 2019, the ic foundation considered to be dissolved due to the fact it ceased all operations, held no assets and was not subject to any obligations. The final notice of dissolution was received from the commonwealth of massachusetts office of the attorney general subsequent to the 2019 calendar year end on march 31, 2020 and is attached with the organizations information return. No activity occured between the dissolution date stated of october 31, 2019 and the date the final notice of dissolution was received.

Raw XML Appendix227 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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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Prior Year Facts and Circumstances: THE IC FOUNDATION, INC CONTINUALLY SOLICITED CONTRIBUTIONS FROM THE GENERAL PUBLIC AND OTHER PUBLIC CHARITIES THROUGH ITS WEBSITE, SPEAKING ENGAGEMENTS, AND OUTREACH PROGRAMS. THE BOARD WAS COMPRISED OF REPRESENTATIVES FROM THE PUBLIC, PRIVATE, AND EDUCATIONAL SECTORS AND PROMOTED THE BENEFITS OF SOCIALLY RESPONSIBLE INVESTING TO THE GENERAL PUBLIC. FACTS AND CIRCUMSTANCES QUALIFY THIS ORGANIZATION TO BE A PUBLIC CHARITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: SOCIAL VENTURE CIRCLE 4 | Donee's Address: 4225 SOLANO AVE., #709 NAPA CA 94558 | Relationship of Donee: SHARED BOARD MEMBERSHIP | Cash Amount Given: $793000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: SOCIAL VENTURE CIRCLE | Donee's Address: 4225 SOLANO AVE., #709 NAPA CA 94558 | Relationship of Donee: SHARED BOARD MEMBERSHIP | Cash Amount Given: $477042
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts Payable and Accrued Expenses - Beginning $2600 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXTENSION WAS FILED AND GRANTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2019, THE IC FOUNDATION'S BOARD VOTED TO DISSOLVE THE ORGANIZATION. AS PART OF THE DISSOLUTION, THE ORGANIZATION MADE CASH GRANTS OF ITS REMAINING ASSETS TO TWO SUPPORTED ORGANIZATIONS IN OCTOBER OF 2019. AS OF OCTOBER 31, 2019, THE IC FOUNDATION CONSIDERED TO BE DISSOLVED DUE TO THE FACT IT CEASED ALL OPERATIONS, HELD NO ASSETS AND WAS NOT SUBJECT TO ANY OBLIGATIONS. THE FINAL NOTICE OF DISSOLUTION WAS RECEIVED FROM THE COMMONWEALTH OF MASSACHUSETTS OFFICE OF THE ATTORNEY GENERAL SUBSEQUENT TO THE 2019 CALENDAR YEAR END ON MARCH 31, 2020 AND IS ATTACHED WITH THE ORGANIZATIONS INFORMATION RETURN. NO ACTIVITY OCCURED BETWEEN THE DISSOLUTION DATE STATED OF OCTOBER 31, 2019 AND THE DATE THE FINAL NOTICE OF DISSOLUTION WAS RECEIVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCH O STATEMENT 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SCH N - SUPPLEMENTAL INFORMATION
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ReturnHeader/ReturnTs02020-11-16T10:23:08-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-10-31
ReturnHeader/TaxYr02019

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