Civic Intelligence

Icarus Foundation

EIN 93-1480493 • 501(c)3 • New York, NY

Profile

Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.

2700 Broadway 6CNew York, NY 10025

n/A

Siviq Scores

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

Liabilities / Assets

96th percentile

1.86x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

Score unavailable

No value available

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

Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

$15,268

No earlier filing loaded for comparison.

Liabilities

$28,470

No earlier filing loaded for comparison.

Net Assets

-$13,202

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$13,202

No earlier filing loaded for comparison.

Net Income

-$13,202

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$40K$20K$0-$20KAssets 2024: $15,268Liabilities 2024: $28,470Net Assets 2024: -$13,2022024

Highlighted filing

2024

Assets$15,268
Liabilities$28,470
Net Assets-$13,202
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20K$10K$0-$10K-$20KRevenue 2024: $0Expenses 2024: $13,202Net Income 2024: -$13,2022024

Highlighted filing

2024

Revenue$0
Expenses$13,202
Net Income-$13,202
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,268
Liabilities
$28,470
Net assets
-$13,202
Revenue
$0
Expenses
$13,202
Net income
-$13,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.3$28.5$13.2$0.00$13.2$13.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.

Program Services

DescriptionGrantsExpenses
Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.-$13,202
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL MORRISPresident-$0--
Filing and Contact Details

Filer

Filer Name
Icarus Foundation
EIN
93-1480493
Address
2700 BROADWAY 6C, NEW YORK, NY 10025

Signing Officer

Name
Michael Morris
Title
President
Signed
2025-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Wasserman Amaxilatis & Wise LLC
Address
800 THIRD AVENUE 25th Fl, NEW YORK, NY 10022
Preparer
Minas K Amaxilatis Mba Ea
Phone
2124279400
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $500”

Other Expenses.1005

“Travel $175”

Other Expenses.1

“RESEARCH $10574”

Other Expenses.2

“EDITING $1029”

Other Expenses.3

“GRAPHIC ARTIST $577”

Other Expenses.4

“WEB HOSTING $138”

Other Expenses.5

“MEALS $138”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $28470”

Raw XML Appendix123 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/PersonNm0MICHAEL MORRIS
IRS990EZ/BooksInCareOfDetail/PhoneNum02124279400
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02700 BROADWAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010025
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt015268
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-13202
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt071
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt015268
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-13202
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-13202
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL MORRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt013131
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt013202
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt028470
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt013202
IRS990EZ/TotalProgramServiceExpensesAmt013202
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $175
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RESEARCH $10574
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EDITING $1029
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GRAPHIC ARTIST $577
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WEB HOSTING $138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEALS $138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $28470
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1006
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MORRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ICARUS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ICAR
ReturnHeader/Filer/EIN0931480493
ReturnHeader/Filer/USAddress/AddressLine1Txt02700 BROADWAY 6C
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474988522
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WASSERMAN AMAXILATIS & WISE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 THIRD AVENUE 25th Fl
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010022
ReturnHeader/PreparerPersonGrp/PhoneNum02124279400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINAS K AMAXILATIS MBA EA
ReturnHeader/ReturnTs02025-11-11T07:11:50-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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