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Icf Foundation EIN 34-1826821

Icf Foundation FY2022 filing

EIN  34-1826821 Private foundation / grantmaker Hudson, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Hudson, OH. It reported about $168K in revenue for 2022.
Leadership
John D Ong · President/Trustee
Money in and out
$168K revenue, $173K expenses
Bottom line
—

A private foundation based in Hudson, OH. It reported about $168K in revenue for 2022. For fiscal year 2022 it reported $168K in revenue, $173K in expenses, and $2.0M in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$168K
Pt VIII · Ln 12
Total expenses
$173K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Total assets
2.0M
deployed as grants and operations
Grants paid
110K
in FY2022
Grants made
21grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 21 grants · $120K · 2024–2024
Western Reserve Land ConservancyOH · FY2024$20,000
Lawrence SchoolOH · FY2024$20,000
Akron Civic TheatreFY2024$20,000
Pine Point School INCCT · FY2024$15,000
Amherst CollegeFY2024$10,000
Jefferson Depot VillageFY2024$5,500
Mountain Watershed Association INCPA · FY2024$3,500
Case Barlow FarmOH · FY2024$3,500
Western Reserve AcademyOH · FY2024$2,500
University SchoolOH · FY2024$2,500
Smith College Museum of ArtFY2024$2,500
Palestine Children's Relief FundCA · FY2024$2,500
New York University Tisch School of the ArtsFY2024$2,500
Hudson Heritage AssociationOH · FY2024$2,500
Bowdoin CollegeME · FY2024$2,500
Calvary Episcopal ChurchFY2024$2,000
Givedirectly INCNY · FY2024$1,000
Cultural Vistas INCDC · FY2024$1,000
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV13
Average grantPart XV$6K
Median grantPart XV$2K
Largest grantPart XV$20K
Top cause focusNTEEColleges & Universities (19%)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$168K
FY2022▼ -44%
Expenses
$173K
FY20220%
Total assets
$2.0M
FY20220%
Total liabilities
$0
FY2022
Total revenue
$168K
Pt VIII · Ln 12
Total expenses
$173K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Total assetsPt II$2.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIcf Foundation
EINHdr · item D34-1826821
Principal addressHdr · item CHudson, OH
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFApr 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
John D Ong
President/Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
John F H Ong
Vice President/Trustee
$0Pt VII · Sec A
Richard P B Ong
Treasurer/Trustee
$0Pt VII · Sec A
Mary Katherine C Ong
Secretary/Trustee
$0Pt VII · Sec A
See Icf Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$136K · 81%
Contributions & grants$28K · 17%
Other revenue$3K · 2%
Investment income81%$136K
Contributions & grants17%$28K
Other revenue2%$3K
Total revenueLn 12$168K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.64 Operating & administrative $0.36
Grants & contributions paid64%$110K
Operating & administrative36%$63K
Total functional expensesLn 25$173K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.0M
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $168K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $168K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $168K · Prior year $301K
-44%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $168K · Expenses $173K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
—
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $173K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -44%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$229K revenue · ⤓ 990 PDF
FY2023$124K revenue · ⤓ 990 PDF
FY2022$168K revenue · viewing · ⤓ 990 PDF
FY2021$301K revenue · ⤓ 990 PDF
FY2020$135K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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