ICE FOUNDATION INC

EIN: 841649363 501(c)(3) Education

New York, NY

Total Revenue
$233,304
Total Expenses
$225,326
Total Assets
$51,462
Net Assets
$41,462
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
Julia Balanova
Phone
9172702936
Tax Period
2024-07-01 to 2025-06-30

ICE FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 3% surplus.

Mission

Our vision is to provide a nurturing, creative and challenging academic program, maintain small class sizes and foster relationships between students and teachers. Students are prepared for higher levels of education at college level.

Program Service Accomplishments

Program 1
Expenses: $11,579 Revenue: $0

This program service specifically relates to the various special student activities that are organized and conducted by the school. The organized activities includes team athletics, both male and...

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This program service specifically relates to the various special student activities that are organized and conducted by the school. The organized activities includes team athletics, both male and female in full accordance with statutory regulations, debating classes, after-school programs and various student clubs, such as the chess club.

Program 2
Expenses: $35,004 Revenue: $0

This program service specfically relates to classroom materials, and supplies. This includes separate music department instruction, the related purchase of musical instruments as well as class trips...

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This program service specfically relates to classroom materials, and supplies. This includes separate music department instruction, the related purchase of musical instruments as well as class trips to museums or to attend musical performances.

Program 3
Expenses: $96,956 Revenue: $0

This program service includes certain general and administrative costs of the progtram. This category also includes charges for the college office, recruiting support, assistance to the PTA, the...

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This program service includes certain general and administrative costs of the progtram. This category also includes charges for the college office, recruiting support, assistance to the PTA, the costs of summer school as well as front office help and general supplies.

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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 $214,802
Program Service Revenue $0
Investment Income $0
Other Revenue $18,502
TOTAL REVENUE $233,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $33,799
Program Expenses $157,728
Other Expenses $225,326
TOTAL EXPENSES $225,326

Year-over-Year Comparison

2024 2023 Change
Revenue $233,304 $126,004 +0.9%
Expenses $225,326 $205,805 +0.1%
Net Income $7,978 $-79,801 -1.1%
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
8
Independent Members
8
Employees
N/A
Volunteers
40

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamin Obrien Co-President 10.00
Officer
$0 $0 $0
Julia Balanova Co-Treasurer 10.00
Officer
$0 $0 $0
Cindy Chau Vice-President 5.00
Officer
$0 $0 $0
Emily Commer Co-President 10.00
Officer
$0 $0 $0
Eric Ford Co-Treasurer 5.00
Officer
$0 $0 $0
Erika Hughes Hooper Co-Treasurer 10.00
Officer
$0 $0 $0
Deborah Campbell Co-Secretary 10.00
$0 $0 $0
Rhena Lipps Fundraiser 5.00
Officer
$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 $233,304 $225,326 $51,462 $7,978
2024 $126,004 $205,805 $43,484 $-79,801
2023 $143,731 $126,512 $123,285 $17,219
2022 $129,155 $123,102 $106,066 $6,053
2021 $98,008 $63,895 $99,360 $34,113
2019 $178,170 $215,669 $17,849 $-37,499
2018 $191,437 $202,476 $60,947 $-11,039
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