Icpi Foundation For Education And Research
- Assets
- $6.2m
- Revenue
- $297.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 31-1773789
Organization Overview
Icpi Foundation For Education And Research is located in Herndon, VA. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icpi Foundation For Education And Research 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 06/2022, Icpi Foundation For Education And Research generated $297.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $198.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND TARGETED EDUCATIONAL AND RESEARCH PROGRAMS AND INDUSTRY TOOLS THAT WILL BENEFIT THE SEGMENTAL CONCRETE PAVER INDUSTRY, IN LINE WITH THE STRATEGIC GOALS OF CONCRETE MASONRY AND HARDSCAPE ASSOCIATION, IN A FINANCIALLY SUSTAINABLE WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUNICIPAL ICP PERFORMANCE MODELING - THIS PROJECT HELPS DETERMINE TOTAL LIFE PERFORMANCE COSTS UNDER VARIOUS MAINTENANCE COST SCENARIOS AND COMPARING THEM TO THAT FOR ASPHALT AND CONCRETE. THIS RESEARCH IDENTIFIED SPECIFIC SITUATIONS WHERE INTERLOCKING CONCRETE PAVEMENT HAS A LOWER LIFE-CYCLE COSTS. THESE INCLUDE: MODERATE TO HIGH TRAFFIC LOADS AND MODERATE TO HIGH SOIL SUBGRADE SUPPORT; DISCOUNT RATES 3% OR LOWER OVER A 50-YEAR ANALYSIS PERIOD; SIDEWALKS; AND UTILITY CUTS AND REMAINING PAVEMENT LIFE.
P4 INFRASTRUCTURE EXHIBIT: PERMEABLE INTERLOCKING CONCRETE PAVEMENT INSTALLATION OF THE VISITOR PARKING LOT OF THE AMERICAN SOCIETY OF CIVIL ENGINEERS IN RESTON, VA WAS DONATED BY THE FOUNDATION. AN EXHIBIT IN THE LOBBY OF THE BUILDING WAS FUNDED BY THE FOUNDATION MONITORS AND DISPLAYS THE RAINFALL, AND LEVEL OF WATER IN THE BASE TO EDUCATE CIVIL ENGINEERS ON THE BENEFITS OF PERMEABLE PAVEMENT.
PEDESTAL-SET PAVING SLAB TESTING: THE REASON FOR THIS RESEARCH IS THAT C1782 STANDARD SPECIFICATION FOR SEGMENTAL CONCRETE PAVING SLABS WAS WRITTEN FOR AT-GRADE APPLICATIONS AND MAY NOT BE ADEQUATE FOR ASSESSING THE STRENGTH OF SLABS SUPPORTED ON THEIR CORNERS BY PEDESTALS. A TECHNICAL COMMITTEE TASK GROUP HAS OVERSIGHT OF THE SLAB TESTING BY NCMA WHICH ESTABLISHED A CENTER-POINT LOAD TESTING METHOD AND A PROPOSED ACCEPTANCE CRITERIA OF AT LEAST 2,000 LBS BEFORE BREAKING. THIS BREAKING LOAD CORRELATES TO THE 725 PSI REQUIRED FOR FLEXURAL STRENGTH IN ASTM C1782.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Light Chair-Elect | OfficerTrustee | 0.5 | $0 |
David Pitre Chair | OfficerTrustee | 0.5 | $0 |
Fred Adams Jr Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Richard Goode Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Charles Mcgrath Executive Director | Officer | 2 | $0 |
Charles Gamarekian Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,933 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,377 |
| Total Program Service Revenue | $0 |
| Investment income | $143,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $120,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,588 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,031 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $959 |
| Fees for services: Accounting | $26,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,740 |
| Advertising and promotion | $0 |
| Office expenses | $1,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,049 |
| All other expenses | $0 |
| Total functional expenses | $198,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $464,217 |
| Pledges and grants receivable | $9,333 |
| 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 | $5,764,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,237,814 |
| Accounts payable and accrued expenses | $9,500 |
| Grants payable | $0 |
| 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 | $18,715 |
| Total liabilities | $28,215 |
| Net assets without donor restrictions | $6,200,266 |
| Net assets with donor restrictions | $9,333 |
| 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 | $6,237,814 |
Grants Awarded
Over the last fiscal year, Icpi Foundation For Education And Research has awarded $19,031 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL PENNSYLVANIA INSTITUTE OF SCIENCE AND TECHNOLOGY PURPOSE: Tools for Schools grant to purchase concrete paver installation tools. | $11,051 |
Herndon, VA PURPOSE: Grant to fund the purchase of a Light Weight Deflectometer (LWD). | $7,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Icpi Foundation For Education And Research has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Cemex Foundation Houston, TX PURPOSE: DONATION | $20,000 |
Endowment Analysis
| Beg. Balance | $5,731,421 |
| Net Contributions | $288,385 |
| Other Expense | $161,272 |
| Ending Balance | $5,858,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |