Independent Educational Consultants Association Foundation Inc
- Assets
- $289.4k
- Revenue
- $239.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 54-1804705
Organization Overview
Independent Educational Consultants Association Foundation Inc is located in Fairfax, VA. The organization was established in 1997. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Educational Consultants Association Foundation 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 12/2022, Independent Educational Consultants Association Foundation Inc generated $239.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $161.9k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE IECA FOUNDATION IS TO IDENTIFY AND SUPPORT PROGRAMS THAT HAVE SIGNIFICANT IMPACT ON STUDENTS AND THEIR EDUCATIONAL ENVIRONMENTS. PRIORITY IS GIVEN TO PROGRAMS THAT ASSIST STUDENTS AS THEY MAKE EDUCATIONAL CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE FOUNDATION AWARDED GRANTS TO PROGRAMS THAT IMPACT STUDENTS AND THEIR EDUCATIONAL ENVIRONMENT IN WAYS SUCH AS PROVIDING COLLEGE AND PRE-COLLEGE COUNSELING AND TUTORING SERVICES, PARTICULARLY IN UNDER-REPRESENTED COMMUNITIES INCLUDING THE URBAN AND RURAL POOR. FROM TIME TO TIME THE FOUNDATION HOLDS AND/OR SPONSORS WORKSHOPS TO RAISE THE STANDARDS AND SERVICE LEVEL OF THOSE IN THE FIELD OF EDUCATIONAL COUNSELING. THERE WERE NO WORKSHOPS HELD OR SPONSORED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Spence Treasurer | OfficerTrustee | 4 | $0 |
Teresa Lloyd Trustee | Trustee | 1 | $0 |
Ann Rossbach Chairman | Trustee | 3 | $0 |
Nichol Ernst Trustee | Trustee | 1 | $0 |
Randy Bertin Trustee | Trustee | 1 | $0 |
Lucy Pritzker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,657 |
| Total Program Service Revenue | $0 |
| Investment income | $88 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $74,424 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,654 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $9,223 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $368 |
| Information technology | $237 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,829 |
| 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 | $0 |
| All other expenses | $2,055 |
| Total functional expenses | $161,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,325 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,425 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $289,425 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $289,425 |