Rci-Iibec Foundation Inc
- Assets
- $565.4k
- Revenue
- $314.5k
- Investments
- $121.6k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 56-2056749
Organization Overview
Rci-Iibec Foundation Inc is located in Raleigh, NC. The organization was established in 2000. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rci-Iibec 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 12/2021, Rci-Iibec Foundation Inc generated $314.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $277.6k during the year ending 12/2021. While expenses have increased by 9.2% 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.
Since 2017, Rci-Iibec Foundation Inc has awarded 18 individual grants totaling $453,721. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RESEARCH, EDUCATION, AND THE DISSEMINATION OF INFORMATION FOR ISSUES IMPORTANT TO THE BUILDING ENCLOSURE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL RESEARCH OPPORTUNITIES BY FUNDING VARIOUS RESEARCH PROJECTS AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney I Hankins III Treasurer | OfficerTrustee | 1 | $0 |
Mike Blanchette Chairman | OfficerTrustee | 1 | $0 |
Helene Hardy Pierce Secretary | OfficerTrustee | 1 | $0 |
Brian Pallasch Ceo/evp | Officer | 1 | $0 |
Marc Allaire Director | Trustee | 1 | $0 |
Andre Desjarlais Director | 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 | $259,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,794 |
| Total Program Service Revenue | $0 |
| Investment income | $4,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,544 |
| Grants and other assistance to domestic individuals. | $33,000 |
| 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 | $75,604 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $0 |
| Office expenses | $1,586 |
| Information technology | $1,087 |
| Royalties | $0 |
| Occupancy | $99 |
| Travel | $33,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,988 |
| All other expenses | $2,041 |
| Total functional expenses | $277,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $386,307 |
| 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 | $57,517 |
| Investments—other securities | $121,615 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $565,439 |
| 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 | $331,070 |
| Net assets with donor restrictions | $234,369 |
| 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 | $565,439 |
Grants Awarded
Over the last fiscal year, Rci-Iibec Foundation Inc has awarded $107,360 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Max Meadows, VA PURPOSE: GENERAL SUPPORT | $39,820 |
Denver, CO PURPOSE: DR. CHINOWSKY PROJECT UNIT PRICE PROCUREMENT IN CONSTRUCTION | $35,640 |
Minneapolis, MN PURPOSE: SCHOLARSHIPS AND GENERAL FUND RESEARCH EDUCATION | $31,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rci-Iibec Foundation Inc has recieved totaling $102.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
International Society Of Automation Research Triangle Park, NC | $48,395,753 | $20,258,072 |
American Association Of Physicists In Medicine Alexandria, VA | $31,609,322 | $9,947,196 |
The National Council Of Teachers Of Mathematics-Incorporated- Reston, VA | $18,084,320 | $8,296,750 |
American Statistical Association Alexandria, VA | $30,139,821 | $9,398,848 |
Vmware User Group Inc Franklin, TN | $9,569,219 | $8,623,176 |
Center For Open Science Charlottesville, VA | $9,625,938 | $7,385,775 |
Society Of Chemical Manufacturers And Affiliates Inc Arlington, VA | $22,239,444 | $4,222,837 |
Sigma Xi The Scientific Research Honor Society Inc Research Triangle Park, NC | $16,717,567 | $4,916,209 |
Institute Of Industrial And Systems Engineers Inc Norcross, GA | $4,759,560 | $4,186,288 |
Methanol Institute Alexandria, VA | $2,057,504 | $2,376,228 |
International Technology And Engineering Educators Association Reston, VA | $264,196 | $1,282,466 |