Icpc Foundation
- Assets
- $4.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Woodway, TX
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-4350028
Organization Overview
Icpc Foundation is located in Woodway, TX. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Icpc Foundation 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 12/2021, Icpc Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 66.4% each year . All expenses for the organization totaled $708.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOCUS OF THE FOUNDATION IS TO GROW AND SUPPORT THE SPORT OF COMPETITIVE COMPUTER PROGRAMMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FUNDING AND SUPPORT FOR ANNUAL GLOBAL COMPUTER PROGRAMMING COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen R Bourne Board Member | OfficerTrustee | 2 | $0 |
John L Clevenger Board Member | OfficerTrustee | 2 | $0 |
James R Comer Board Member | OfficerTrustee | 2 | $0 |
Roman Elizarov Board Member | OfficerTrustee | 4 | $0 |
Joseph S Deblasi Board Member | OfficerTrustee | 2 | $0 |
Michael J Donahoo Secretary | OfficerTrustee | 2 | $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 | $2,119,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,119,797 |
| Total Program Service Revenue | $0 |
| Investment income | $1,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,121,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $20,115 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,792 |
| Office expenses | $35,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,354 |
| All other expenses | $8,451 |
| Total functional expenses | $708,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,793,838 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,793,838 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,793,838 |
| Total liabilities and net assets/fund balances | $4,793,838 |
Grants Awarded
Over the last fiscal year, Icpc Foundation has awarded $235,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACM INC PURPOSE: ICPC Regionals | $135,000 |
Waco, TX PURPOSE: ICPC North America | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xiii Austin, TX | $57,202,932 | $81,882,395 |
Life School Of Dallas Red Oak, TX | $119,776,308 | $72,202,880 |
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |