Civic Intelligence

The Ics Foundation Inc

EIN 83-2539307 • 501(c)3 • Staten Island, NY

Profile

The ics foundation, inc. Was founded to provide financial and technical support to further the educational charitable mission of integrated charter schools, which currently includes lavelle preparatory charter school, new ventures charter school, nicotra early college charter school and richmond preparatory charter school in new york state. The organization's fundraising and resources will enable it to provide support to the schools to enhance the experience of the schools' students, provide assistance with the schools' students and provide assistance with the schools' real estate and facilities-related needs.

1441 South AvenueStaten Island, NY 10314
Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

161.13x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

26th percentile

-0.8%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

7464%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$44,125,167

Up $3,897,505 (+9.7%) from 2023

Liabilities

Down

$40,194,795

Down $38,701 (-0.1%) from 2023

Net Assets

Up

$3,930,372

Up $3,936,206 (+67470%) from 2023

Revenue

Up

$4,392,523

Up $4,142,830 (+1659%) from 2023

Expenses

Up

$456,317

Up $258,410 (+131%) from 2023

Net Income

Up

$3,936,206

Up $3,884,420 (+7501%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2020: $416,850Liabilities 2020: $358,165Net Assets 2020: $58,6852020Assets 2021: $796,096Liabilities 2021: $771,191Net Assets 2021: $24,9052021Assets 2022: $40,570,254Liabilities 2022: $40,627,874Net Assets 2022: -$57,6202022Assets 2023: $40,227,662Liabilities 2023: $40,233,496Net Assets 2023: -$5,8342023Assets 2024: $44,125,167Liabilities 2024: $40,194,795Net Assets 2024: $3,930,3722024

Highlighted filing

2024

Assets$44,125,167
Liabilities$40,194,795
Net Assets$3,930,372

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $552,630Expenses 2020: $485,713Net Income 2020: $66,9172020Revenue 2021: $50,239Expenses 2021: $84,019Net Income 2021: -$33,7802021Revenue 2022: $3,301Expenses 2022: $85,826Net Income 2022: -$82,5252022Revenue 2023: $249,693Expenses 2023: $197,907Net Income 2023: $51,7862023Revenue 2024: $4,392,523Expenses 2024: $456,317Net Income 2024: $3,936,2062024

Highlighted filing

2024

Revenue$4,392,523
Expenses$456,317
Net Income$3,936,206

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$4,392,523
Mission and Program Overview

Mission

The ics foundation, inc. Was founded to provide financial and technical support to further the educational charitable mission of integrated charter schools, which currently includes lavelle preparatory charter school, new ventures charter school, nicotra early college charter school and richmond preparatory charter school in new york state. The organization's fundraising and resources will enable it to provide support to the schools to enhance the experience of the schools' students, provide assistance with the schools' students and provide assistance with the schools' real estate and facilities-related needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,942,208$2,204,573▼ $6,737,635
Accounts Receivable-$576,205-
Pledges and Grants Receivable-$250,000-
Cash and Non-Interest-Bearing Accounts$225,497$70,632▼ $154,865
Prepaid Expenses and Deferred Charges$4,754$3,213▼ $1,541
Total Assets$40,227,662$44,125,167▲ $3,897,505
Other Assets Total$31,055,203$41,020,544▲ $9,965,341
Liabilities
Tax Exempt Bond Liabilities$39,836,669$39,658,346▼ $178,323
Other Liabilities$375,122$493,822▲ $118,700
Accounts Payable and Accrued Expenses$21,705$42,627▲ $20,922
Total Liabilities$40,233,496$40,194,795▼ $38,701
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-183,366$3,930,372▲ $4,113,738
Net Assets With Donor Restrictions$177,532--
Total Net Assets Fund Balance$-5,834$3,930,372▲ $3,936,206
Total Liabilities and Net Assets / Fund Balance$40,227,662$44,125,167▲ $3,897,505

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,185--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jodi GuagliardoExecutive DiPT$125,000$125,000

Board Members and Trustees

NameTitle
Michael CaridiChairperson
Carol DecinaTrustee
David LehrTrustee
David SweenyTrustee
John TardyTrustee
Robin LefkowitzTrustee
Matthew KieferSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Clj Building Enterprises INCConstruction19 CAMERON AVENUE, Staten Island, NY 10305$13,841,918
Tamborra Architecture & ConstructionArchitect20 MARBLE LOOP SUITE 3A, Staten Island, NY 10309$402,415
Revenue and Support

Revenue Composition

Contributions and Grants
$280,000
Program Service Revenue
$4,112,423
Investment Income
$0
Other Revenue
$100
All Other Contributions
$280,000
Change in Net Assets
$3,936,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,392,523
Total Revenue per Audited Statements
$4,392,523
Total Revenue per Form 990
$4,392,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,570
Salaries, Compensation, and Employee Benefits$135,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$112,500$12,500-$125,000
Insurance$54,171$66,208-$120,379
Occupancy$104,375--$104,375
Fees for Services Accounting-$33,051-$33,051
Payroll Taxes$9,672$1,075-$10,747
All Other Expenses-$5,746-$5,746
Other Expenses$3,098$344-$3,442
Fees for Services Legal-$168-$168
Total Functional Expenses$327,215$129,102$0$456,317

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$456,317
Total Expenses per Audited Statements$456,317
Total Expenses per Form 990$456,317
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
Due to Related Party$329,954
Accrued Interest - Bonds Payable$163,868

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABuild Nyc Resource Corporation 20212021-09-22$36,135,000Aquisition,renovation, furnishing and equipping of a building which will be rented by the organizati
BBuild Nyc Resource Corporation 20212021-09-22$715,000Aquisition,renovation, furnishing and equipping of a building which will be rented by the organizati

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$36,135,000--$234,638
B$715,000--$394,852

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Line 11B

The president, finance committee and members of the board review a draft of the form 990 prior to its submission to the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The organization requires directors and staff to sign and adhere to a written conflict of interest policy. This policy requires directors and officers to disclose any conflict of interest at any time during their tenure. The policy is reviewed and re-signed annually.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Ics Foundation Inc
EIN
83-2539307
Phone
3478552238
Address
1441 SOUTH AVENUE, STATEN ISLAND, NY 10314

Signing Officer

Name
Michael Caridi
Title
Chairperson
Phone
3478552238
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jodi Guagliardo
Formed
2018
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Desantis Kiefer Shall & Sarcone Llp
Address
1675 RICHMOND ROAD, STATEN ISLAND, NY 10304-2317
Preparer
Donald Sarcone CPA Cgma
Phone
7183512233
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The ics foundation, inc. Was founded to provide financial and technical support to further the educational charitable mission of integrated charter schools, which currently includes lavelle preparatory charter school, new ventures charter school, nicotra early college charter school and richmond preparatory charter school in new york state. The organization's fundraising and resources will enable it to provide support to the schools to enhance the experience of the schools' students, provide assistance with the schools' students and provide assistance with the schools' real estate and facilities-related needs.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is subject to the provisions of the financial accounting standards board (fasb) accounting standards codification (asc) topic that addresses accounting and reporting for uncertainty in income taxes. Because of the organizations general tax-exempt status, this asc topic has not had, and is not expected to have, a material impact on its financial statements.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSIT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC THAT ADDRESSES ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE ORGANIZATIONS GENERAL TAX-EXEMPT STATUS, THIS ASC TOPIC HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0BUILD NYC RESOURCE CORPORATION 2021A AQUISITION,RENOVATION, FURNISHING AND EQUIPPING OF A BUILDING WHICH WILL BE RENTED BY THE ORGANIZATION TO INTEGRATION CHARTER SCHOOLS.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1BUILD NYC RESOURCE CORPORATION 2021B AQUISITION,RENOVATION, FURNISHING AND EQUIPPING OF A BUILDING WHICH WILL BE RENTED BY THE ORGANIZATION TO INTEGRATION CHARTER SCHOOLS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PURPOSE OF ISSUE DESCRIPTION
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0BUILD NYC RESOURCE CORPORATION 2021
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1BUILD NYC RESOURCE CORPORATION 2021
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0AQUISITION,RENOVATION, FURNISHING AND EQUIPPING OF A BUILDING WHICH WILL BE RENTED BY THE ORGANIZATI
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ICS FOUNDATION, INC. WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO FURTHER THE EDUCATIONAL CHARITABLE MISSION OF INTEGRATED CHARTER SCHOOLS, WHICH CURRENTLY INCLUDES LAVELLE PREPARATORY CHARTER SCHOOL, NEW VENTURES CHARTER SCHOOL, NICOTRA EARLY COLLEGE CHARTER SCHOOL AND RICHMOND PREPARATORY CHARTER SCHOOL IN NEW YORK STATE. THE ORGANIZATION'S FUNDRAISING AND RESOURCES WILL ENABLE IT TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS, PROVIDE ASSISTANCE WITH THE SCHOOLS' STUDENTS AND PROVIDE ASSISTANCE WITH THE SCHOOLS' REAL ESTATE AND FACILITIES-RELATED NEEDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT, FINANCE COMMITTEE AND MEMBERS OF THE BOARD REVIEW A DRAFT OF THE FORM 990 PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE.

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