Cic Inc
- Assets
- $3.7m
- Revenue
- $400.1k
- Investments
- $3.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1994
- Data as of
- 08/2023
- EIN
- 52-1654193
Organization Overview
Cic Inc is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cic Inc 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 08/2023, Cic Inc generated $400.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $216.2k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cic Inc has awarded 46 individual grants totaling $767,350. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Chennault President | 1 | $0 | |
Thomas G Corcoran Jr Treasurer | 1 | $3,000 | |
Yaohui Wang Secretary | 1 | $0 | |
Matthew Corcoran Director | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $113,999 |
| Interest on Savings | $4,436 |
| Dividends & Interest | $117,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,938 |
| Capital Gain Net Income | $163,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $681 |
| Depreciation | $12,160 |
| Occupancy | $96,627 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,365 |
| Total operating and administrative expenses | $165,176 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $216,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333 |
| Savings and temporary cash investments | $378,605 |
| 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 | $1,165,250 |
| Net Land, buildings, and equipment | $87,369 |
| Other assets | $9,428 |
| Total assets | $3,715,765 |
| 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, Cic Inc has awarded $51,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN AMERICAN JOURNALIST ASSOCIATION PURPOSE: SCHOLARSHIP | $10,000 |
CIVIL AIR TRANSPORT ASSOCIATION PURPOSE: DOCUMENTARY FILM PROJECT | $25,000 |
WALTER REED NATIONAL MILITARY MEDICAL CENTER PURPOSE: SPONSOR OF THE 2022 AND 2023 LT. GENERAL CLAIRE L. CHENNAULT AWARDS, WHICH WAS AWARDED AS A FACULTY RECOGNITION AWARD TO THREE MEMBERS OF THE TEACHING STAFF OF WRNMMC, DETERMINED BY A SELECTION COMMITTEE OF WRNMMC BASED ON PRE-DETERMINED CRITERIA. SPONSOR OF THE 2022 AND 2023 LT. GENERAL CLAIRE L. CHENNAULT AWARD FOR OUTSTANDING PSYCHIATRY FACULTY, WHICH IS AWARDED TO ONE FACULTY MEMBER OF WRNMMC WHO ACTIVELY PARTICIPATES IN THE TRAINING OF RESIDENTS & FELLOWS IN THE NATIONAL CAPITAL CONSORTIUM PSYCHIATRY GENERAL RESIDENCY OR FELLOWSHIP TRAINING PROGRAMS. THE AWARD IS DETERMINED BY A SELECTION COMMITTEE OF WRNMMC BASED ON PRE-DETERMINED CRITERIA. | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cultural Vistas Inc Washington, DC | $18,339,236 | $18,200,969 |
Council Of American Overseas Research Centers Washington, DC | $4,554,961 | $5,967,934 |
The George E Brown United States Mexico Foundation For Science Inc Washington, DC | $15,595,183 | $3,789,571 |
Legacy International Bedford, VA | $372,961 | $3,315,565 |
Ambassadors Fellowship Washington, DC | $684,774 | $586,633 |
Institute For Representative Govt Inc Washington, DC | $62,817 | $485,513 |
International Consortium On Governmental Financial Management Falls Church, VA | $113,271 | $194,733 |
Elijah Cummings Youth Program In Israel Inc Baltimore, MD | $2,501,749 | $141,279 |
Cic Inc Washington, DC | $3,715,765 | $400,103 |
Arthur F Burns Fellowship Program Inc Washington, DC | $190,493 | $0 |
Horeb Ministries Gainesville, VA | $42,827 | $128,857 |
St Charles Borromeo Philippine Medical Mission Arlington, VA | $41,795 | $0 |
O Street International Bluemont, VA | $3,549 | $0 |