Ic Endowment Corporation
Nonprofit profile at a glance
- EIN
- 261965674
- IRS 990 coverage
- 2011–2020
- Forms available
- Form 990 2020
- Location
- Cambridge, MA, USA
- Phone
- 9785053131
- Rating confidence
- Limited
Reported finances
- Revenue
- $0
- Expenses
- $2,447
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ELIZABETH MACEACHERN (PRESIDENT)
People named in this filing
- ELIZABETH MACEACHERN (PRESIDENT)
- SERENA HAGERTY (TREASURER)
- MARJORIE MCLEAN (CLERK)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide support activities for the ic club, a social club.
What it reported doing in 2020
To provide ongoing support for the ic club's operations and to provide reserves for maintenance and improvements for the facility maintained by the ic club.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 100
- Accountability: 18
- Sustainability: 8
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 71.9%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 59.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: -32.6% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -16% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 71.9% of spending went to programs
- Governance: 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 4 filed schedules
- Filing history: 8 filing years from 2011 to 2020
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.