Icap Foundation Inc
- Assets
- $11.8k
- Revenue
- $3.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 08/2014
- Data as of
- 12/2018
- EIN
- 35-2459021
Organization Overview
Icap Foundation Inc is located in Jersey City, NJ. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2018, Icap Foundation Inc generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $78.1k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO NEEDY INDIVIDUALS FOR HUMANITARIAN ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Abularrage Dir,ceo,pres | 1 | $0 | |
Christian Pezeu Dir,cfo,tres | 1 | $0 | |
Luciano Soldiviero Asst Tres | 1 | $0 | |
James Moore Gc & Secy | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,125 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $78,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,832 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,832 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Icap Foundation Inc has awarded $68,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HARLEM CHILDRENS ZONE INC PURPOSE: CASH CHARITABLE DONATION | $25,000 |
HABITAT FOR HUMANITY NYC FUND INC PURPOSE: CASH CHARITABLE DONATION | $15,000 |
US-KOSOVO FOUNDATION PURPOSE: CASH CHARITABLE DONATION | $6,000 |
HOPE AUTISM FOUNDATION PURPOSE: CASH CHARITABLE DONATION | $4,000 |
GOVERNORS ISLAND CORPORATION PURPOSE: CASH CHARITABLE DONATION | $5,000 |
REACH THE WORLD COMPANY PURPOSE: CASH CHARITABLE DONATION | $1,000 |