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 12/2023, ICON Charities generated $126.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $182.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EMPOWER AND UPLIFT MARGINALIZED COMMUNITY MEMBERS WHO ARE DEPRIVED OF FUNDAMENTAL NECESSITIES, INCLUDING ACCESS TO EDUCATION, SECURE SHELTER, AND ESSENTIAL MEDICAL CARE. WE ARE DEDICATED TO IMPROVING THE OVERALL QUALITY OF THEIR LIVES BY ENSURING THAT THEY NOT ONLY RECEIVE THESE BASIC NEEDS BUT ALSO GAIN THE SUPPORT AND TOOLS REQUIRED TO THRIVE. BY ADDRESSING THESE FUNDAMENTAL NEEDS, OUR ORGANIZATION AIMS TO NOT JUST PROVIDE IMMEDIATE RELIEF BUT ALSO FOSTER LONG-TERM EMPOWERMENT WITHIN THESE MARGINALIZED COMMUNITIES. WE FIRMLY BELIEVE THAT BY ENHANCING ACCESS TO EDUCATION, SHELTER, AND MEDICAL CARE, WE CAN POSITIVELY IMPACT LIVES, INSTILL HOPE, AND ULTIMATELY CREATE A BRIGHTER FUTURE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FIRMLY BELIEVE THAT EDUCATION IS A POWERFUL TOOL FOR BREAKING THE CYCLE OF GENERATIONAL POVERTY. TO THIS END, WE HAVE INITIATED SEVERAL PROGRAMS, INCLUDING THE ICON EXCELLENCE AWARDS, DOSTI & PRERANA, WHICH PROVIDE PARTIAL AND FULL EDUCATIONAL ASSISTANCE TO BRIGHT AND DIFFERENTLY-ABLED STUDENTS FROM FINANCIALLY CHALLENGED BACKGROUNDS. IN THE CURRENT YEAR, WE HAVE EXTENDED OUR SUPPORT TO 616 COLLEGE STUDENTS, OFFERING THEM PARTIAL EDUCATIONAL ASSISTANCE. YOU CAN FIND FURTHER DETAILS ABOUT THESE STUDENTS AND OUR PROGRAMS AT HTTP://WWW.ICONEXCELLENCEAWARD.ORG. NOTABLY, THESE STUDENTS COME FROM ECONOMICALLY AND SOCIALLY DISADVANTAGED COMMUNITIES IN SOUTHERN STATES OF INDIA. IN ADDITION, WE HAVE ALSO MADE A MEANINGFUL IMPACT BY ASSISTING 80 MENTALLY CHALLENGED CHILDREN IN THEIR EDUCATIONAL PURSUITS AND LIFE SKILLS TRAINING. WE HAVE FORGED PARTNERSHIPS WITH INSTITUTIONS LIKE PRERANA SCHOOL IN NAGPUR, WHERE WE WORK TO PROVIDE TRAINING AND SUPPORT TO SPECIAL-NEEDS CHILDREN. YOU CAN ACCESS ADDITIONAL INFORMATION ABOUT THIS INITIATIVE AT HTTP://WWW.ICONCHARITIES.ORG/PR. OUR STRATEGIC FOCUS IS ON INCREASING OUR SUPPORT FOR FEMALE STUDENTS BECAUSE WE FIRMLY BELIEVE THAT EDUCATING GIRLS EMPOWERS THEM TO BECOME CHANGE-MAKERS WHO HAVE A POSITIVE IMPACT ON THEIR COMMUNITIES. AS WE CONTINUE TO INVEST IN EDUCATION, WE ASPIRE TO CREATE A BRIGHTER AND MORE EQUITABLE FUTURE FOR ALL.
OTHER EXPENSES
AS A TESTAMENT TO OUR UNWAVERING COMMITMENT TO ASSIST UNDERPRIVILEGED INDIVIDUALS IN MEETING THEIR HOUSING NEEDS, WE HAVE SUCCESSFULLY AIDED 22 FAMILIES IN CONSTRUCTING NEW HOMES AND RENOVATING EXISTING ONES TO ENSURE HABITABILITY. THESE BENEFICIARIES HAIL FROM PROFOUNDLY DISADVANTAGED FINANCIAL BACKGROUNDS. OUR GOAL IS TO PROVIDE THEM WITH NOT JUST SHELTER BUT A FOUNDATION FOR A MORE SECURE AND DIGNIFIED LIFE.
OUR HUMANITARIAN ASSISTANCE PROGRAM SERVES AS A CRUCIAL LIFELINE, OFFERING TEMPORARY FINANCIAL SUPPORT TO FAMILIES FACING DIRE CIRCUMSTANCES BEYOND THEIR CONTROL. THIS AID EXTENDS TO A VARIETY OF SITUATIONS, INCLUDING NATURAL DISASTERS, MEDICAL EMERGENCIES, AND PERSONAL HARDSHIPS. IN THE YEAR 2023, NUMEROUS INDIVIDUALS AND FAMILIES FOUND RELIEF THROUGH OUR MEDICAL ASSISTANCE PROGRAM, UNDERSCORING THE PIVOTAL ROLE WE PLAY IN HELPING THOSE IN THEIR TIMES OF GREATEST NEED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Oommen Kappil President | OfficerTrustee | 5 | $0 |
Abraham Chirackal Exec Director/secretary | OfficerTrustee | 15 | $0 |
Biju Ninan Treasurer | OfficerTrustee | 10 | $0 |
Mathew Samuel Director | Trustee | 5 | $0 |
Dr Sally Nelson Director | Trustee | 2 | $0 |
Rajesh Vargheese Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $126,123 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $126,123 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $126,123 |
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 | $179,800 |
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 | $566 |
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 | $182,366 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $86,493 |
Savings and temporary cash investments | $155,681 |
Pledges and grants receivable | $0 |
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 | $242,174 |
Accounts payable and accrued expenses | $0 |
Grants payable | $242,174 |
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 | $242,174 |
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 | $242,174 |