Icr Iowa
- Assets
- $99.9k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-0959727
Organization Overview
Icr Iowa is located in Cedar Rapids, IA. The organization was established in 2019. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icr Iowa is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Icr Iowa generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $66.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 4 years. 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
DEVELOP, IMPROVE AND PROMOTE IOWA WORKFORCE DEVELOPMENT AND BUSINESS RECRUITMENT EFFORTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ICR TALENT: COALITION OF HUMAN RESOURCE DIRECTORS AND PARTNER ORGANIZATIONS WORKING TOGETHER TO RECRUIT AND RETAIN DIVERSE PROFESSIONALS IN HIGH-DEMAND OCCUPATIONS. THEIR ACTIVITIES, IN COMING YEARS, WILL FOCUS ON MATCHING PROFESSIONALS TO REGIONAL CAREER OPPORTUNITIES, PROVIDING A "WINGMAN" FOR NEWCOMERS TO SUPPORT THEIR TRANSITION TO THE REGION, DEVELOPING REGION-WIDE DIVERSITY NETWORKS, AND WORKING TO GROW REGIONAL COLLEGE INTERNSHIPS.
CHOOSE ICR: COALITION OF ECONOMIC DEVELOPERS, UTILITY PROVIDERS AND EMPLOYERS WORKING TOGETHER TO INVITE NEW COMPANIES TO LOCATE TO OUR REGION. THEIR ACTIVITIES, IN COMING YEARS, WILL FOCUS ON DEVELOPING ROBUST INDUSTRY CLUSTER KNOWLEDGE AND STRATEGIES, ATTENDING CONFERENCES TO BUILD KNOWLEDGE AND CONNECT WITH COMPANIES WHO MAY BE INTERESTED IN FUTURE EXPANSIONS, MEETING WITH SITE CONSULTANTS TO SHARE KNOWLEDGE ABOUT THE REGION, CONTINUING TO DEVELOP THE REGION AS A GREAT PLACE TO LOCATE.
ICR INCLUSION: WORKING WITH ORGANIZATIONS TO DEVELOP INCLUSIVE PROGRAMMING.
ICR FUTURE: COALITION OF OVER 130 INDIVIDUALS REPRESENTING 40+ ORGANIZATIONS, EMPLOYERS AND SCHOOL DISTRICTS WORKING TOGETHER TO IMPLEMENT CAREER-CONNECTED LEARNING IN OUR MIDDLE AND HIGH SCHOOLS. THEIR ACTIVITIES, IN UPCOMING YEARS, WILL FOCUS ON CAREER EXPLORATION, WORK-BASED LEARNING (INTERNSHIPS AND JOB SHADOWS), COMPUTER SCIENCE EDUCATION AND PROJECT-BASED LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fruin Geoff Treasurer | OfficerTrustee | 0.1 | $0 |
Brown Lydia President | OfficerTrustee | 0.1 | $0 |
Funk Charlie Vice President | OfficerTrustee | 0.1 | $0 |
Burns Paul Secretary | OfficerTrustee | 0.1 | $0 |
Matthes Peter Board Member | Trustee | 0.1 | $0 |
Sundberg Lori Board Member | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $100,000 |
| Investment income | $0 |
| 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 | $100,000 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $134 |
| Office expenses | $0 |
| Information technology | $16,979 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,125 |
| Total functional expenses | $66,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,974 |
| 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 | $3,939 |
| 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 | $99,913 |
| Accounts payable and accrued expenses | $5,666 |
| 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 | $370 |
| Total liabilities | $6,036 |
| Net assets without donor restrictions | $0 |
| 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 | $93,877 |
| Total liabilities and net assets/fund balances | $99,913 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Icr Iowa has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Cedar Rapids Metro Economic Alliance Cedar Rapids, IA PURPOSE: JOINT VENTURE SUPPORT | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Northside Economic Opportunity Network Minneapolis, MN | $8,534,205 | $5,326,140 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Capitalplus Exchange Corporation Skokie, IL | $2,405,541 | $1,079,242 |
United Counties Council Of Illinois Springfield, IL | $3,090,224 | $1,659,321 |