THE ICS FOUNDATION INC

EIN: 832539307 501(c)(3) Education

STATEN ISLAND, NY

Total Revenue
$4,392,523
Total Expenses
$456,317
Total Assets
$44,125,167
Net Assets
$3,930,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
JODI GUAGLIARDO
Phone
3478552238
Tax Period
2023-07-01 to 2024-06-30

THE ICS FOUNDATION INC, founded in 2018, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 1659% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 90% operating margin.

Mission

THE ICS FOUNDATION, INC. WAS FOUNDED TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO FURTHER THE EDUCATIONAL CHARITABLE MISSION OF INTEGRATED CHARTER SCHOOLS, WHICH CURRENTLY INCLUDES LAVELLE PREPARATORY CHARTER SCHOOL, NEW VENTURES CHARTER SCHOOL, NICOTRA EARLY COLLEGE CHARTER SCHOOL AND RICHMOND PREPARATORY CHARTER SCHOOL IN NEW YORK STATE. THE ORGANIZATION'S FUNDRAISING AND RESOURCES WILL ENABLE IT TO PROVIDE SUPPORT TO THE SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS, PROVIDE ASSISTANCE WITH THE SCHOOLS' STUDENTS AND PROVIDE ASSISTANCE WITH THE SCHOOLS' REAL ESTATE AND FACILITIES-RELATED NEEDS.

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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 $280,000
Program Service Revenue $4,112,423
Investment Income $0
Other Revenue $100
TOTAL REVENUE $4,392,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,747
Fundraising Expenses $0
Program Expenses $327,215
Other Expenses $320,570
TOTAL EXPENSES $456,317

Year-over-Year Comparison

2023 2022 Change
Revenue $4,392,523 $249,693 +16.6%
Expenses $456,317 $197,907 +1.3%
Net Income $3,936,206 $51,786 +75.0%
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
7
Independent Members
7
Employees
1
Volunteers
N/A

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
3
$125,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODI GUAGLIARDO EXECUTIVE DI 32.00
Officer
$125,000 $0 $125,000
MICHAEL CARIDI CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CAROL DECINA TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW KIEFER SECRETARY 1.00
Officer Director
$0 $0 $0
ROBIN LEFKOWITZ TRUSTEE 1.00
Director
$0 $0 $0
DAVID LEHR TRUSTEE 1.00
Director
$0 $0 $0
DAVID SWEENY TRUSTEE 1.00
Director
$0 $0 $0
JOHN TARDY TRUSTEE 1.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $4,392,523 $456,317 $44,125,167 $3,936,206
2023 $249,693 $197,907 $40,227,662 $51,786
2022 $3,301 $85,826 $40,570,254 $-82,525
2021 $50,239 $84,019 $796,096 $-33,780
2020 $552,630 $485,713 $416,850 $66,917
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