Indian Christian Orthodox Network Charities Inc
- Assets
- $161.3k
- Revenue
- $209.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bettendorf, IA
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 20-2966676
Organization Overview
Indian Christian Orthodox Network Charities Inc, operating under the name ICON Charities, is located in Bettendorf, IA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ICON Charities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, ICON Charities generated $209.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $275.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE RESOURCES TO MARGINALIZED COMMUNITY MEMBERS WHO LACK BASIC NEEDS SUCH AS EDUCATION, SHELTER AND MEDICAL CARE IN ORDER TO ENHANCE THE QUALITY OF THEIR LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BELIEVE THAT EDUCATION IS ONE OF THE BEST METHODS TO BREAK THE CYCLE OF GENERATIONAL POVERTY. WE HAVE PROGRAMS LIKE ICON EXCELLENCE AWARDS, DOSTI & PRERANA, WHICH ARE PARTIAL AND FULL EDUCATIONAL ASSISTANCE FOR SMART AND DIFFERENTLY ABLED STUDENTS FROM FINANCIALLY CHALLENGED FAMILIES. THIS YEAR WE HELPED 559 COLLEGE STUDENTS WITH PARTIAL EDUCATIONAL ASSISTANCE, THE DETAIL CAN BE FOUND AT HTTP://WWW.ICONEXCELLENCEAWARD.ORG. THESE STUDENTS ARE FROM ECONOMICALLY AND SOCIALLY BACKWARD COMMUNITIES IN SOUTHERN STATES IN INDIA. WE ALSO HELPED 80 MENTALLY CHALLENGED KIDS WITH THEIR EDUCATION AND LIFE SKILLS TRAINING. WE ARE PARTNERING WITH DIFFERENT INSTITUTIONS LIKE PRERANA SCHOOL IN NAGPUR TO TRAIN SPECIAL NEED CHILDREN. THE DETAILS CAN BE FOUND AT HTTP://WWW.ICONCHARITIES.ORG/PR. OUR FOCUS IS HELPING MORE GIRL STUDENTS AND WE BELIEVE THAT EDUCATING FEMALE STUDENTS EMPOWERS THEM TO POSITIVELY IMPACT THE COMMUNITY.
AS OUR COMMITMENT TO HELP POOR PEOPLE WITH HOUSING NEEDS, WE HELPED 12 FAMILIES TO BUILD NEW HOUSES AND REPAIR EXISTING HOUSES TO MAKE IT LIVABLE. THE BENEFICIARIES ARE FROM EXTREMELY POOR FINANCIAL BACKGROUND.
OUR HUMANITARIAN ASSISTANCE PROGRAM IS A TEMPORARY FINANCIAL HELP GIVEN TO FAMILIES GOING THROUGH DIFFICULT SITUATIONS BEYOND THEIR CONTROL LIKE NATURAL CALAMITIES, MEDICAL EMERGENCIES, OR PERSONAL MISFORTUNES, INCLUDING COVID-19 DISTRESS SUPPORT. IN 2021, MANY INDIVIDUALS AND FAMILIES RECEIVED MEDICAL ASSISTANCE THRU THIS PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oommen Kappil President | OfficerTrustee | 5 | $0 |
Dr Sally Nelson Director | OfficerTrustee | 2 | $0 |
Biju Ninan Treasurer | OfficerTrustee | 10 | $0 |
Mathew Samuel Director | OfficerTrustee | 5 | $0 |
Rajesh Vargheese Director | OfficerTrustee | 5 | $0 |
Abraham Chirackal Exec Director/secretary | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,666 |
| Total Program Service Revenue | $0 |
| Investment income | $285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $272,830 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $601 |
| Information technology | $2,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $275,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,727 |
| Savings and temporary cash investments | $128,335 |
| Pledges and grants receivable | $5,247 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,309 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $161,309 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $161,309 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $161,309 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Indian Christian Orthodox Network Charities Inc has recieved totaling $127,261.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $90,585 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $35,150 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 12/09/20 | $750 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 12/03/21 | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |