Icon Collective Inc
Nonprofit profile at a glance
- EIN
- 921193031
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022
- Location
- Chicago, IL, USA
- Phone
- 7737097176
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $50,000
- Expenses
- $76,190
- Assets
- $31,931
- Liabilities
- $58,121
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- KATHLEEN KNIGHT (PRESIDENT AND CEO)
People named in this filing
- KATHLEEN KNIGHT (PRESIDENT AND CEO)
- NISAR S QURESHI (DIRECTOR)
- MARY ELLEN PENICOOK (DIRECTOR AND SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is operated exclusively for charitable, educational, and scientific purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986 as amended. The organization's primary method of accomplishing this is by engaging student-athletes of the university of Illinois urbana-champaign to perform work aimed at achieving one or more charitable, educational, or scientific purpose. In some cases, such an engagement also results in such student-athlete raising awareness of the charitable opportunities in the communities served by the organization or promoting charitable causes.
What it reported doing in 2022
The organization worked to identify, communicate with and engage with student-athletes at the university of Illinois urbana-champaign to perform work aimed at achieving one or more charitable, educational, or scientific purpose.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 6
- Transparency & Controls: 100
- Sustainability: 15
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.3%; rating input score 7
- Program expense ratio: 4.8%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -52.4%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 1.82; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 22.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 7.3% of revenue deployed · 4.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $4K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 7/100.
- High — Financial Efficiency: Program expense ratio scored 5/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 8/100.