INNER-CITY COMPUTER STARS FOUNDATION

EIN: 364253411 501(c)(3) Employment

CHICAGO, IL

Total Revenue
$11,117,349
Total Expenses
$7,519,667
Total Assets
$10,965,625
Net Assets
$7,674,445
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IL
Principal Officer
KARIN NORINGTON-REAVES
Phone
3126403850
Tax Period
2023-09-01 to 2024-08-31

INNER-CITY COMPUTER STARS FOUNDATION, founded in 1999, is a mid-sized nonprofit in the Employment sector that reported $11.1M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 32% operating margin.

Mission

I.C.STARS PROVIDES PAID 4-MONTH TECHNOLOGY TRAINING TO LOW-INCOME ADULTS, FOLLOWED BY 20 MONTHS OF SUPPORT. THROUGH PROJECT-BASED LEARNING AND EMPLOYER PARTNERSHIPS, PARTICIPANTS GAIN TECHNICAL SKILLS, PROFESSIONAL DEVELOPMENT, AND INDUSTRY CONNECTIONS TO LAUNCH IT CAREERS. OUR COMPREHENSIVE APPROACH INCLUDES LEADERSHIP DEVELOPMENT AND WRAPAROUND SUPPORT SERVICES. SINCE 1999, THE PROGRAM HAS TRANSFORMED PARTICIPANTS INTO SUCCESSFUL TECH PROFESSIONALS, ENTREPRENEURS, AND HOMEOWNERS WHILE HELPING EMPLOYERS EMBRACE NON-TRADITIONAL TALENT.

Program Service Accomplishments

Program 1
Expenses: $5,363,938 Revenue: $1,541,336

IN 2024, I.C.STARS TRAINED 119 PARTICIPANTS ACROSS CHICAGO, MILWAUKEE AND KANSAS CITY, INCLUDING A PILOT PROGRAM FOR LOW-INCOME MOTHERS. GRADUATES, WHO LEARNED SOFTWARE DEVELOPMENT AND LEADERSHIP...

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IN 2024, I.C.STARS TRAINED 119 PARTICIPANTS ACROSS CHICAGO, MILWAUKEE AND KANSAS CITY, INCLUDING A PILOT PROGRAM FOR LOW-INCOME MOTHERS. GRADUATES, WHO LEARNED SOFTWARE DEVELOPMENT AND LEADERSHIP SKILLS, MORE THAN DOUBLED THEIR ANNUAL EARNINGS WITHIN A YEAR, LANDING ROLES AS TECHNOLOGY APPRENTICES AND JUNIOR DEVELOPERS. THE PROGRAM DREW SUPPORT FROM 825 VOLUNTEERS AND OFFERED RESOURCES LIKE TRAUMA COUNSELING AND NETWORKING EVENTS. ALUMNI EXTENDED THE IMPACT BY TEACHING DIGITAL LITERACY TO 330 PEOPLE THROUGH COMMUNITY PARTNERSHIPS.RECENT GRADUATES RECEIVED 20 MONTHS OF POST-PROGRAM SUPPORT, INCLUDING PROFESSIONAL DEVELOPMENT AND INDUSTRY CERTIFICATIONS. MANY FOUND THEIR FIRST JOBS THROUGH I.C.STARS' SOCIAL ENTERPRISE, WORKING WITH COMPANIES LIKE UNITED AIRLINES AND MOLSON COORS.THE ORGANIZATION HOSTED TEN MAJOR EVENTS ACROSS ITS THREE CITIES, DRAWING APPROXIMATELY 1,100 ATTENDEES. THESE INCLUDED HACKATHONS FOCUSED ON EDUCATION ACCESS AND FOOD SECURITY, AS WELL AS FORUMS ON ARTIFICIAL INTELLIGENCE AND QUANTUM COMPUTING. THE GATHERINGS CONNECTED TECH LEADERS WITH HIRING MANAGERS WHILE BUILDING PARTICIPANTS' PROFESSIONAL NETWORKS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,379,198
Program Service Revenue $1,541,336
Investment Income $263,463
Other Revenue $-66,648
TOTAL REVENUE $11,117,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,147,737
Fundraising Expenses $633,005
Program Expenses $5,363,938
Other Expenses $2,371,930
TOTAL EXPENSES $7,519,667

Year-over-Year Comparison

2023 2022 Change
Revenue $11,117,349 $7,137,599 +0.6%
Expenses $7,519,667 $5,377,306 +0.4%
Net Income $3,597,682 $1,760,293 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
40
Volunteers
925

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
$176,217
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LINDEN CHAIR 2.00
Officer Director
$0 $0 $0
KEVIN GATES VICE CHAIR 2.00
Officer Director
$0 $0 $0
KEVIN GREER TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT BORUFF DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM CARAHER DIRECTOR 2.00
Director
$0 $0 $0
DAVID EDELSTEIN CHAIR EMERITUS 2.00
Director
$0 $0 $0
KEVIN MCFALL DIRECTOR 2.00
Director
$0 $0 $0
PAT MORONEY DIRECTOR 2.00
Director
$0 $0 $0
WILL SHIELDS DIRECTOR 2.00
Director
$0 $0 $0
MELISSA SUMMERS DIRECTOR 2.00
Director
$0 $0 $0
KARIN NORINGTON-REAVES CEO 40.00
Officer
$0 $0 $0
ANDREW DUDDLESTON COO 40.00
Officer
$153,910 $22,307 $176,217
SANDEE KASTRUL CHIEF INNOVATION OFFICER 40.00
Highest
$173,114 $18,452 $191,566
ELIZABETH FERRUELO CRO 40.00
Highest
$134,997 $18,501 $153,498
JOSH MILLER CTO 40.00
Highest
$118,106 $10,838 $128,944
LARRY COWENS PROGRAM DIRECTOR 40.00
Highest
$112,809 $13,547 $126,356
AMANDA HOGAN MANAGING DIRECTOR 40.00
Highest
$104,921 $12,600 $117,521
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
2024 $1,858,400 $2,558,834 $10,065,613 $-700,434
2024 $11,117,349 $7,519,667 $10,965,625 $3,597,682
2023 $7,137,599 $5,377,306 $7,228,642 $1,760,293
2022 $4,469,237 $3,963,566 $2,571,043 $505,671
2021 $4,085,752 $3,109,516 $2,066,650 $976,236
2020 $2,674,915 $2,841,396 $1,274,951 $-166,481
2019 $3,003,168 $3,212,503 $1,082,505 $-209,335
2018 $2,796,097 $2,336,272 $1,307,386 $459,825
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