Cic Inc
- Assets
- $3.5m
- Revenue
- $385.5k
- Investments
- $3.3m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1994
- Data as of
- 08/2022
- 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 08/2022, Cic Inc generated $385.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $251.8k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cic Inc has awarded 41 individual grants totaling $673,850. 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 |
|---|---|---|---|
Thomas G Corcoran Jr Treasurer | 1 | $3,000 | |
Yaohui Wang Secretary | 1 | $0 | |
Cynthia Chennault President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $142,579 |
| Interest on Savings | $37 |
| Dividends & Interest | $107,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,222 |
| Capital Gain Net Income | $160,698 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $385,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,153 |
| Depreciation | $7,418 |
| Occupancy | $106,118 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,738 |
| Total operating and administrative expenses | $169,299 |
| Contributions, gifts, grants paid | $82,500 |
| Total expenses and disbursements | $251,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333 |
| Savings and temporary cash investments | $166,905 |
| 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 | $1,110,674 |
| Net Land, buildings, and equipment | $62,509 |
| Other assets | $9,428 |
| Total assets | $3,531,838 |
| 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 $82,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CIVIL AIR TRANSPROT ASSOCIATION PURPOSE: DOCUMENTARY FILM PROJECT | $79,000 |
UNIVERSITY OF FLORIDA PURPOSE: CHINESE STUDIES CONFERENCE SUPPORT | $2,500 |
ASIAN AMERICAN JOURNALIST ASSOCIATION PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cultural Vistas Inc Washington, DC | $14,931,223 | $8,706,014 |
The United States-Mexico Foundation Washington, DC | $19,095,997 | $4,828,976 |
Council Of American Overseas Research Centers Washington, DC | $3,976,736 | $4,108,746 |
Legacy International Bedford, VA | $377,022 | $1,193,041 |
Ambassadors Fellowship Washington, DC | $504,616 | $348,595 |
Elijah Cummings Youth Program In Israel Inc Baltimore, MD | $2,908,692 | $246,414 |
Cic Inc Washington, DC | $3,531,838 | $385,544 |
International Consortium On Governmental Financial Management Falls Church, VA | $95,557 | $101,586 |
Arthur F Burns Fellowship Program Inc Washington, DC | $352,453 | $0 |
Horeb Ministries Gainesville, VA | $17,381 | $92,742 |
St Charles Borromeo Philippine Medical Mission Arlington, VA | $53,486 | $0 |
Institute For Representative Govt Inc Washington, DC | $65,657 | $0 |