Independent College Enterprise Inc
- Assets
- $2.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 12/2000
- Data as of
- 06/2022
- EIN
- 55-0777066
Organization Overview
Independent College Enterprise Inc is located in Charleston, WV. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Independent College Enterprise 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 06/2022, Independent College Enterprise Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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
ICE IS A CONSORTIUM OF TEN PRIVATE COLLEGES IN WEST VIRGINIA, VIRGINIA, TENNESSEE, ALABAMA AND NORTH CAROLINA CREATED TO PROVIDE A BASIS FOR COLLABORATION AMONG ITS MEMBER SCHOOLS, BOTH IN SHARING OF INFORMATION TECHNOLOGY RESOURCES AND IN THE CONSOLIDATION OF OPERATING FUNCTIONS WHERE PRACTICAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE ON DATA PROCESSING HARDWARE AND SOFTWARE USED FOR HIGHER EDUCATION
TELEPHONE LINE CONNECTION WITH DATA PROCESSING SYSTEM
TRAINING ON THE USE OF DATA PROCESSING HARDWARE AND SOFTWARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Brian Ralph Chair | OfficerTrustee | 2 | $0 |
Dr Martin S Roth President | OfficerTrustee | 2 | $0 |
Tamara Rodenberg Secretary Part Year | OfficerTrustee | 2 | $0 |
Dr James Barry Director | OfficerTrustee | 2 | $0 |
Ginny Favede Director | Trustee | 2 | $0 |
Dr Chris Wood Director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Inc Software & Services For Higher Education | 6/29/18 | $1,057,463 |
Blackbaud Software & Services For Nonprofit Organi | 6/29/18 | $104,030 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,557,198 |
| Investment income | $182 |
| 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 | $2,557,380 |
| 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. | $149,143 |
| Compensation of current officers, directors, key employees. | $74,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,512 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,377 |
| Fees for services: Accounting | $39,125 |
| 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 | $1,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,000 |
| Travel | $1,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $465 |
| Insurance | $13,309 |
| All other expenses | $9,924 |
| Total functional expenses | $2,205,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,281,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,994 |
| 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 | $130,309 |
| Net Land, buildings, and equipment | $2,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,519,089 |
| Accounts payable and accrued expenses | $282,441 |
| 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 | $282,441 |
| Net assets without donor restrictions | $2,236,648 |
| 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 | $2,519,089 |