Institute For Responsible Citizenship Inc
- Assets
- $2.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 54-2034070
Organization Overview
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 12/2021, Institute For Responsible Citizenship Inc employed 3 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 12/2021, Institute For Responsible Citizenship Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 7 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
2021
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 FOR RESPONSIBLE CITIZENSHIP PREPARES HIGH-ACHIEVING MINORITY MALE COLLEGE STUDENTS FOR SUCCESSFUL AND RESPONSIBLE CITIZENSHIP. OUR SCHOLARS COMPLETE RIGOROUS ACADEMIC SEMINARS IN GOVERNMENT AND ECONOMICS, WORK AT HIGH-LEVEL INTERNSHIPS IN THEIR FIELDS OF INTEREST, AND PARTICIPATE IN LECTURES, SEMINARS, AND ROUND TABLE DISCUSSIONS WITH SOME OF THE NATION'S MOST PROMINENT PUBLIC AND PRIVATE SECTOR LEADERS. THE SCHOLARS PARTICIPATE IN INTENSIVE SESSIONS IN WASHINGTON, DC DURING THE SUMMERS BEFORE THEIR JUNIOR AND SENIOR YEARS OF COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Keyes V Vice Chairma | OfficerTrustee | $21,000 | |
Elijah Heyward III Secretary | OfficerTrustee | $0 | |
Kendrick F Ashton Jr Chairman | OfficerTrustee | $0 | |
John M Murdock Treasurer | OfficerTrustee | $0 | |
Earl W Stafford Jr Trustee | Trustee | $0 | |
Britt Hogue Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,425,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,479,533 |
| Total Program Service Revenue | $0 |
| Investment income | -$17,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,462,381 |
| 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. | $365,415 |
| Compensation of current officers, directors, key employees. | $17,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,000 |
| Pension plan accruals and contributions | $183,855 |
| Other employee benefits | $0 |
| Payroll taxes | $22,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,447 |
| Advertising and promotion | $22,068 |
| Office expenses | $9,385 |
| Information technology | $15,812 |
| Royalties | $0 |
| Occupancy | $50,690 |
| Travel | $37,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,266 |
| Interest | $5,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,265 |
| Insurance | $22,525 |
| All other expenses | $54,939 |
| Total functional expenses | $1,089,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,260,897 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $185,651 |
| 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 | $1,066,782 |
| Intangible assets | $43,160 |
| Other assets | $5,355 |
| Total assets | $2,561,845 |
| 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 | $268,402 |
| Total liabilities | $268,402 |
| Net assets without donor restrictions | $2,293,443 |
| 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 | $2,561,845 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Institute For Responsible Citizenship Inc has recieved totaling $1,141,750.
| Awarding Organization | Amount |
|---|---|
Diana Davis Spencer Foundation Bethesda, MD PURPOSE: TOWARDS GENERAL PROGRAM SUPPORT | $500,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $360,000 |
Select Equity Group Foundation New York, NY PURPOSE: SEG SCHOLARS | $150,000 |
Lookout Foundation Inc Atlanta, GA PURPOSE: GENERAL FUND | $100,000 |
Select Equity Group Foundation New York, NY PURPOSE: MATCHING GIFT | $25,000 |
William Penn Foundation Philadelphia, PA PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |