Ics Support Organization Inc
- Assets
- $553.0m
- Revenue
- $28.9m
- Investments
- $261.6m
- Employees
- 0
- Location
- Franklin, WI
- Founding
- 09/2010
- Data as of
- 06/2020
- EIN
- 27-3167963
Organization Overview
Ics Support Organization Inc is located in Franklin, WI. The organization was established in 2010. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ics Support Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Ics Support Organization Inc generated $28.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $20.9m during the year ending 06/2020. While expenses have increased by 6.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO INDIAN COMMUNITY SCHOOL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ICS SUPPORT ORGANIZATION, INC.'S SOLE PROGRAM SERVICE ACTIVITY IS TO HOLD, INVEST, AND MANAGE ASSETS THAT SERVE TO SUPPORT AND FUND THE CONTINUOUS OPERATION OF INDIAN COMMUNITY SCHOOL, INC. (ICS).ALL FUNDS GRANTED TO ICS ARE USED TO FURTHER ICS' MISSION. ICS CULTIVATES AN ENDURING CULTURAL IDENTITY AND CRITICAL THINKING BY WEAVING INDIGENOUS TEACHINGS WITH A DISTINGUISHED LEARNING ENVIRONMENT. ICS PROVIDES ELEMENTARY AND MIDDLE SCHOOL CLASSES (K4-8TH) AND PROVIDES VARIOUS OTHER CULTURAL AND EDUCATIONAL ACTIVITIES TO AMERICAN INDIAN CHILDREN AND FAMILIES. ICS ENROLLMENT WAS APPROXIMATELY 360 STUDENTS, K4-8TH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph S Quinn Secretary/treasurer | OfficerTrustee | 12 | $36,000 |
Jane Stromwall Chair | OfficerTrustee | 12 | $36,000 |
David Jw Klauser Vice Chair | OfficerTrustee | 6 | $30,000 |
Thomas Buestrin Board Member | Trustee | 3 | $30,000 |
Blaine Rieke Board Member | Trustee | 3 | $30,000 |
Diane Amour Ex-Officio Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clarion Lion Properties Fund Lp Investment Management | 6/29/21 | $309,835 |
Robert W Baird & Co Inc Investment Management | 6/29/21 | $200,134 |
Jp Morgan Asset Management Investment Management | 6/29/21 | $858,260 |
Marquette Associates Inc Investment Management | 6/29/21 | $189,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $12,278,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,582,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,861,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,937 |
| Fees for services: Accounting | $42,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,926,181 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $53 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100 |
| Travel | $1,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,819 |
| All other expenses | $0 |
| Total functional expenses | $20,865,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,440 |
| Savings and temporary cash investments | $38,540,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $298,512 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,272 |
| Investments—publicly traded securities | $252,367,215 |
| Investments—other securities | $261,594,594 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $552,959,577 |
| Accounts payable and accrued expenses | $359,066 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,669 |
| Total liabilities | $382,735 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $552,576,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |