Ice Foundation INC EIN 84-1649363 Form 990 (PDF) Claim this org

Ice Foundation INC

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Educates students with small classes and strong teacher relationships for college success. For fiscal year 2025 it reported $233K in revenue, $225K in expenses, and $41K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
iceschoolnyc.org
Filings
5 on file (2021–2025)
Revenue
$233KFY2025
Expenses
$225K
Net assets
$41K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-1649363 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students with small classes and strong teacher relationships for college success.
Leadership
Jamin Obrien · Co-President
Money in and out
$233K revenue, $225K expenses
Bottom line
70% program efficiency
Where the money goes · FY2025
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.15 Fundraising $0.15
Program efficiency
70%
of spending reaches programs<0.01% vs prior filing year
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +105% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$233K
FY2025▲ +85%
Expenses
$225K
FY2025▲ +9%
Total assets
$51K
FY2025▲ +18%
Total liabilities
$10K
FY20250%
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$51K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIce Foundation INC
EINHdr · item D84-1649363
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jiceschoolnyc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFDec 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Co-President
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Secretary
$0Pt VII · Sec A
Fundraiser
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $144K of program spending, described in the organization's own filed words · FY2024.
01

This program service includes certain general and administrative costs of the progtram. This category also includes charges for the college office, recruiting support, assistance to the PTA, the costs of summer school as well as front office help and general supplies.

$97Kprogram expense
02

This program service specfically relates to classroom materials, and supplies. This includes separate music department instruction, the related purchase of musical instruments as well as class trips to museums or to attend musical performances.

$35Kprogram expense
03

This program service specifically relates to the various special student activities that are organized and conducted by the school. The organized activities includes team athletics, both male and female in full accordance with statutory regulations, debating classes, after-school programs and various student clubs, such as the chess club.

$12Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$215K · 92%
Other revenue$19K · 8%
Contributions & grants92%$215K
Other revenue8%$19K
Total revenueLn 12$233K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.15 Fundraising $0.15
Program services70%$158K
Management & general15%$34K
Fundraising15%$34K
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$51K
Total liabilitiesLn 26$10K
Total net assetsLn 32$41K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses/yr $225K
2.7 months
Where the money goes
Program services
Program services $158K · Total expenses $225K
70%
Management & General
Management & general $34K · Total expenses $225K
15%
Fundraising
Fundraising $34K · Total expenses $225K
15%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $130K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $215K · Total revenue $233K
92%
Government reliance
Government grants — · Total revenue $233K
Earned-income share
Program service revenue $0 · Total revenue $233K
0%
Investment reliance
Investment income $0 · Total revenue $233K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $225K
0%
Growth & trend
Revenue growth (YoY)
This year $233K · Prior year $126K
+85%
Revenue CAGR
FY2020 $98K · FY2024 $233K
+24%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $233K · Expenses $225K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $51K
Net-asset ratio
Net assets $41K · Total assets $51K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $51K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jamin Obrien · Reported title Co-President · Highest reported compensation $0 · Total expenses $225K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $225K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 15%
Fundraising cost ratio 16%
Revenue growth 85%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$44K
See all 4 funders →

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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
FY2025 (Latest)$233K revenue · viewing · ⤓ 990 PDF
FY2024$126K revenue · ⤓ 990 PDF
FY2023$144K revenue · ⤓ 990 PDF
FY2022$129K revenue · ⤓ 990 PDF
FY2021$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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