Overview
What is The Ics Foundation Inc?
The Ics Foundation Inc, situated in Staten Island, New York, is a nonprofit organization established with the mission to support Integrated Charter Schools, such as Lavalle Preparatory Charter School, New Ventures Charter School, Nicotra Early College Charter School, and Richmond Preparatory Charter School. Its primary role involves providing financial and technical assistance to uphold the educational charitable mission of these schools. This aid aims to enhance the overall student experience, address students' needs, and address real estate and facilities-related concerns for the schools. The foundation's funding and resources contribute to the betterment of these institutions, ensuring they can continue to offer quality education to their students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating. This rating indicates that The Ics Foundation Inc has met certain accountability and financial standards, achieving a strong score of 75% in the Accountability & Finance category. This is based entirely on a single beacon score, reflecting the organization's financial health and governance practices.
The organization demonstrates a solid governance structure, with 100% of its board members being independent, which is crucial for maintaining objectivity and transparency. Furthermore, there are no noted material diversions of assets, and it has implemented effective policies, including conflict of interest, whistleblower, and document retention policies. These factors contributed positively to the overall accountability score.
However, the program expense ratio of 66.72% suggests that while a significant portion of funds is directed toward programs, there could be room for improvement in maximizing programmatic spending. Overall, The Ics Foundation Inc shows a commitment to responsible management and governance, but stakeholders may want to monitor its program efficiency going forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Ics Foundation Inc legitimate?
The Ics Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ics Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Ics Foundation Inc?
The Ics Foundation Inc was established with the mission to offer financial and technical support to further the educational charitable mission of Integrated Charter Schools. Currently, this includes Lavalle Preparatory Charter School, New Ventures Charter School, Nicotra Early College Charter School, and Richmond Preparatory Charter School in New York State. The foundation's fundraising and resources aim to enhance the learning experience of the schools' students, provide assistance to the schools' students, and address real estate and facilities-related needs of the schools.
What is the revenue of The Ics Foundation Inc?
The Ics Foundation Inc's revenue in 2024 was $4,392,523.
Who are the executives of The Ics Foundation Inc and what are their salaries?
The average compensation at The Ics Foundation Inc during 2024 was $125,000. There is 1 employee at The Ics Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $125,000
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for The Ics Foundation Inc?
The Ics Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Ics Foundation Inc
The Ics Foundation Inc was established with a mission to provide financial and technical support to further the educational charitable mission of Integrated Charter Schools. This organization currently aids Lavelle Preparatory Charter School, New Ventures Charter School, Nicotra Early College Charter School, and Richmond Preparatory Charter School, all located in New York State. The Ics Foundation Inc's fundraising and resources aim to enhance the experience of the schools' students, offer assistance with the students' needs, and provide support for the schools' real estate and facilities-related requirements. In essence, this nonprofit organization aims to contribute to the growth and development of these Integrated Charter Schools, ensuring a better educational experience for their students.
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Impact
August, 2024
The Ics Foundation Inc is dedicated to providing financial and technical support to further the educational charitable mission of integrated charter schools in New York State. By fundraising and leveraging resources, the foundation enhances the educational experience of students in schools like Lavelle Preparatory Charter School, New Ventures Charter School, Nicotra Early College Charter School, and Richmond Preparatory Charter School. The foundation not only supports the students but also assists with the schools' real estate and facilities-related needs, ensuring a conducive learning environment for all. Through its efforts, The Ics Foundation Inc positively impacts the education sector and fosters the growth and development of charter school students.
This information is meant to be a general summary of The Ics Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $4,112,423
- Gross Receipts: $4,392,523
Assets and Liabilities:
- Total Assets: $40,570,254
- Total Liabilities: $40,627,874
- Net Assets: -$57,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,112,423
Organization Details
Founding Year
2018
Principal Officer
Jodi Guagliardo
NTEE Category
Code: B12 - Education
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