ICPI Foundation for Education and Research

EIN: 311773789 501(c)(3) Education

Herndon, VA

Total Revenue
$600,783
Total Expenses
$325,798
Total Assets
$7,286,226
Net Assets
$7,200,780
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
Wendel Stewart
Phone
7037131900
Tax Period
2024-07-01 to 2025-06-30

ICPI Foundation for Education and Research, founded in 2000, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year. Net assets of $5.9M represent 266 months of operating reserves.

Mission

To fund targeted educational and research programs and industry tools that will benefit the segmental concrete paver industry, in line with the strategic goals of Concrete Masonry and Hardscape Association, in a financially sustainable way.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,635
Program Service Revenue $0
Investment Income $597,148
Other Revenue $0
TOTAL REVENUE $600,783

Expense Breakdown

Grants Paid $257,677
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $268,231
Other Expenses $68,121
TOTAL EXPENSES $325,798

Year-over-Year Comparison

2024 2023 Change
Revenue $600,783 $376,119 +0.6%
Expenses $325,798 $280,301 +0.2%
Net Income $274,985 $95,818 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
26

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$613,506
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Travis Hilldore Chair 1.00
Officer Director
$0 $0 $0
Kevin Earley Vice Chair 1.00
Officer Director
$0 $0 $0
Joseph Kerrigan Secretary 1.00
Officer Director
$0 $0 $0
Ted Light Immediate Past Chair 1.00
Director
$0 $0 $0
Fred Adams Jr Director 1.00
Director
$0 $0 $0
Steve Berry Director 1.00
Director
$0 $0 $0
David Carter Director 1.00
Director
$0 $0 $0
Ed Fioroni Director 1.00
Director
$0 $0 $0
Drew Helon Director 1.00
Director
$0 $0 $0
Starling Johnson Director 1.00
Director
$0 $0 $0
Grady Jurrens Director 1.00
Director
$0 $0 $0
Matt Lynch Director 1.00
Director
$0 $0 $0
Matt Moore Director 1.00
Director
$0 $0 $0
Larry Nicolai Director 1.00
Director
$0 $0 $0
Roberto Nicolia Director 1.00
Director
$0 $0 $0
Paul Pignatelli Director 1.00
Director
$0 $0 $0
David Pitre Director 1.00
Director
$0 $0 $0
Ryan Suszek Director 1.00
Director
$0 $0 $0
Robert Thomas Treasurer/ CMHA President & CEO 1.00
Officer
$0 $40,403 $384,682
Wendel Stewart COO/ Executive Director 1.00
Officer
$0 $12,952 $228,824
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $600,783 $325,798 $7,286,226 $274,985
2024 No data No data No data No data
2023 $155,870 $322,336 $6,430,561 $-166,466
2022 $297,588 $198,842 $6,237,814 $98,746
2021 $557,036 $402,896 $7,327,522 $154,140
2020 $332,306 $142,410 $6,522,984 $189,896
2019 $231,453 $117,815 $6,240,078 $113,638
2018 $268,236 $290,352 $5,949,332 $-22,116
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