RCI-IIBEC FOUNDATION INC

EIN: 562056749 501(c)(3) Science & Technology

RALEIGH, NC

Total Revenue
$408,042
Total Expenses
$322,221
Total Assets
$725,045
Net Assets
$725,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
BRIAN T PALLASCH CAE
Phone
9198590742
Tax Period
2024-01-01 to 2024-12-31

RCI-IIBEC FOUNDATION INC, founded in 2000, is a small nonprofit in the Science & Technology sector that reported $408K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $86K, a strong 21% operating margin.

Mission

SUPPORT RESEARCH, EDUCATION, AND THE DISSEMINATION OF INFORMATION CRITICAL TO THE ADVANCEMENT OF THE BUILDING ENCLOSURE INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $313,257
Program Service Revenue $0
Investment Income $22,496
Other Revenue $72,289
TOTAL REVENUE $408,042

Expense Breakdown

Grants Paid $60,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $201,125
Other Expenses $262,121
TOTAL EXPENSES $322,221

Year-over-Year Comparison

2024 2023 Change
Revenue $408,042 $340,305 +0.2%
Expenses $322,221 $264,942 +0.2%
Net Income $85,821 $75,363 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
50

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
4
$345,723
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID HAWN CHAIRMAN 1.00
Officer Director
$0 $0 $0
SIDNEY HANKINS III TREASURER 1.00
Officer Director
$0 $0 $0
HELENE HARDY-PIERCE SECRETARY 1.00
Officer Director
$0 $0 $0
PATRICK BANNING DIRECTOR 1.00
Director
$0 $0 $0
MIKE BLANCHETTE DIRECTOR 1.00
Director
$0 $0 $0
ANDRE DESJARLAIS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DUCHARME DIRECTOR 1.00
Director
$0 $0 $0
SCOTT HINESLEY DIRECTOR 1.00
Director
$0 $0 $0
DR RALPH M PAROLI DIRECTOR 1.00
Director
$0 $0 $0
WALTER ROSSITER JR DIRECTOR 1.00
Director
$0 $0 $0
EDWARD A SHERIDAN DIRECTOR 1.00
Director
$0 $0 $0
LIONEL VAN DER WALT DIRECTOR 1.00
Director
$0 $0 $0
RICHARD VOYER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN PALLASCH CEO/EVP OF IIBEC 1.00
Officer
$0 $22,282 $345,723
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 $408,042 $322,221 $725,045 $85,821
2023 $340,305 $264,942 $639,224 $75,363
2022 $243,932 $245,510 $563,861 $-1,578
2021 $314,511 $277,575 $565,439 $36,936
2020 $144,672 $219,842 $528,503 $-75,170
2018 $189,700 $219,679 $536,764 $-29,979
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