Institute For Responsible Citizenship Inc is located in Washington, DC. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Institute For Responsible Citizenship Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Responsible Citizenship 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 12/2023, Institute For Responsible Citizenship Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 17.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE OFFERS CLASSES, INTERNSHIPS, ETC. TO EXCEPTIONAL MINORITY MALE COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE'S FLAGSHIP PROGRAM IS BASED ON FIVE CORE BELIEFS: 1) MEN WITH THE GREATEST POTENTIAL SHOULD BE CHALLENGED TO PURSUE THE HIGHEST ACHIEVEMENT. 2) MEN WHO WORK HARD TO LIVE VIRTUOUS LIVES AND ACHIEVE ACADEMIC SUCCESS SHOULD BE RECOGNIZED AND REWARDED. 3) MEN WHO ARE DESTINED FOR LEADERSHIP SHOULD UNDERSTAND FUNDAMENTAL ECONOMIC, CONSTITUTIONAL, AND ETHICAL PRINCIPLES. 4) MEN WHO STRIVE TO MAKE A DIFFERENCE CAN HAVE A GREATER IMPACT BY WORKING TOGETHER. 5) MEN OF CHARACTER SHOULD BE ENCOURAGED TO PURSUE SUCCESS AS A PLATFORM FOR SERVICE TO THEIR COMMUNITIES, OUR NATION, AND THE WORLD. EACH YEAR, WE SELECT 12 OF THE NATION'S BEST AND BRIGHTEST AFRICAN AMERICAN MALE COLLEGE STUDENTS FOR AN INTENSIVE TWO-SUMMER PROGRAM THAT INCLUDES HIGH-LEVEL INTERNSHIPS IN THEIR FIELDS OF INTEREST, RIGOROUS ACADEMIC SEMINARS, PROFESSIONAL DEVELOPMENT WORKSHOPS, PRIVATE MEETINGS WITH PUBLIC AND PRIVATE SECTOR LEADERS, A VARIETY OF SOCIAL ACTIVITIES, VISITS TO IMPORTANT INSTITUTIONS IN WASHINGTON AND ELSEWHERE, AND ILLUMINATING CONVERSATIONS AROUND THE DINNER TABLE. TO DATE, MORE THAN 250 YOUNG MEN HAVE PARTICIPATED IN THE WASHINGTON PROGRAM. FIVE OF THEM HAVE BEEN NAMED RHODES SCHOLARS, AND AN IMPRESSIVE NUMBER HAVE RECEIVED OTHER PRESTIGIOUS ACADEMIC AWARDS. ALUMNI ARE WORKING IN IMPACTFUL CAREERS THAT BENEFIT OTHERS. AND THEY ARE COMMITTED HUSBANDS, LOVING FATHERS, AND RESPONSIBLE CITIZENS. DURING A SESSION WITH THE SCHOLARS, WE ESTIMATED THAT MORE THAN 9 BILLION PEOPLE WILL BENEFIT FROM THE CAREERS OF THE 24 YOUNG MEN WHO WERE PARTICIPATING IN THE INSTITUTE'S WASHINGTON PROGRAM IN 2023. THE INSTITUTE PAYS ALL OF THE EXPENSES OF PARTICIPATION. WE ARRANGE INTERNSHIPS, PROVIDE HOUSING IN A UNIVERSITY RESIDENCE HALL, SUPPLY MEALS, AND PAY A GENEROUS STIPEND. UPON THE COMPLETION OF TWO SUMMERS, THE INSTITUTE DONATES 20,000 FOR EACH STUDENT IN INVESTMENT ACCOUNTS MANAGED BY ARIEL INVESTMENTS, THE NATION'S OLDEST AFRICAN AMERICAN-OWNED INVESTMENT FIRM. THE GOAL IS TO GIVE THE SCHOLARS A HEAD START ON BUILDING WEALTH, SO THEY SIGN AN AGREEMENT NOT TO ACCESS THE FUNDS FOR TEN YEARS. BECAUSE OF TREMENDOUS DEMAND, THE INSTITUTE HAS ESTABLISHED COLLEGIATE INSTITUTES IN ATLANTA, CHARLOTTE, DURHAM, GREENSBORO, AND NEW YORK. THESE PROGRAMS OPERATE DURING THE ACADEMIC YEAR AND SERVE STUDENTS ATTENDING COLLEGES AND UNIVERSITIES IN THOSE CITIES. THESE PROGRAMS OPERATE ON SATURDAYS AND OFFER PRIVATE MEETINGS WITH SOME OF THE MOST PROMINENT PUBLIC AND PRIVATE SECTOR LEADERS IN THOSE CITIES, PERSONAL AND PROFESSIONAL DEVELOPMENT WORKSHOPS, AND STIPENDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William A Keyes IV Chairman | OfficerTrustee | 50 | $412,220 |
William A Keyes V Vice Chairma | OfficerTrustee | 40 | $48,751 |
Pleasant Brodnax Trustee | Trustee | $0 | |
Eric B Dezenhall Trustee | Trustee | $0 | |
R Lee Burrows Jr Trustee | Trustee | $0 | |
Earl W Stafford Jr Trustee | Trustee | $0 |
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 | $1,466,029 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,466,029 |
Total Program Service Revenue | $0 |
Investment income | $45,870 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $27,652 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,539,551 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $460,971 |
Compensation of current officers, directors, key employees. | $48,640 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $248,286 |
Pension plan accruals and contributions | $139,754 |
Other employee benefits | $0 |
Payroll taxes | $44,465 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,684 |
Fees for services: Accounting | $41,822 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $33,629 |
Office expenses | $4,565 |
Information technology | $14,756 |
Royalties | $0 |
Occupancy | $99,756 |
Travel | $151,473 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $58,088 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $14,265 |
Insurance | $81,112 |
All other expenses | $16,174 |
Total functional expenses | $1,625,233 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $936,928 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $449,999 |
Investments—program-related | $1,740,267 |
Intangible assets | $14,630 |
Other assets | $10,355 |
Total assets | $3,152,179 |
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 | $121,884 |
Total liabilities | $121,884 |
Net assets without donor restrictions | $3,030,295 |
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 | $3,152,179 |