Rci-Iibec Foundation Inc
- Assets
- $563.9k
- Revenue
- $243.9k
- Investments
- $123.9k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 56-2056749
Organization Overview
Rci-Iibec Foundation Inc is located in Raleigh, NC. The organization was established in 2000. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rci-Iibec Foundation 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 12/2022, Rci-Iibec Foundation Inc generated $243.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $245.5k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rci-Iibec Foundation Inc has awarded 22 individual grants totaling $470,703. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RESEARCH, EDUCATION, AND THE DISSEMINATION OF INFORMATION FOR ISSUES IMPORTANT TO THE BUILDING ENCLOSURE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL RESEARCH OPPORTUNITIES BY FUNDING VARIOUS RESEARCH PROJECTS AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Blanchette Chairman | OfficerTrustee | 1 | $0 |
Sidney I Hankin Treasurer | OfficerTrustee | 1 | $0 |
Helene Hardy Pierce Secretary | OfficerTrustee | 1 | $0 |
Marc Allaire Director | Trustee | 1 | $0 |
Andre Desjarlais Director | Trustee | 1 | $0 |
Michael Ducharme Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,966 |
| Total Program Service Revenue | $0 |
| Investment income | $433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,999 |
| Net Income from Fundraising Events | $8,532 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,671 |
| 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 | $78,766 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,255 |
| 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 | $1,287 |
| Information technology | $1,228 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $53,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,391 |
| All other expenses | $0 |
| Total functional expenses | $245,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $393,080 |
| 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 | $46,922 |
| Investments—other securities | $123,859 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,861 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $301,429 |
| Net assets with donor restrictions | $262,432 |
| 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 | $563,861 |
Grants Awarded
Over the last fiscal year, Rci-Iibec Foundation Inc has awarded $72,665 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE FORT CHISWELL PURPOSE: GENERAL SUPPORT | $5,125 |
UNIVERSITY OF COLORADO BOULDER PURPOSE: DR. CHINOWSKY PROJECT UNIT PRICE PROCUREMENT IN CONSTRUCTION | $35,640 |
SCHOLARSHIP AMERICA INC PURPOSE: SCHOLARSHIPS AND GENERAL FUND RESEARCH EDUCATION | $31,900 |