NonprofitsIdc Foundation Inc

Education

Idc Foundation Inc

CENTERPORT, NY

Total revenue

$1.2M

Total expenses

$2.0M

Net assets

$27.4M

Grants received

EIN

472662220

Tax year

2022

Mission

IDC Foundation Inc. was founded to provide scholarships to help undergraduate and professional students preparing for careers in the building construction industry, including but not limited to architecture,construction, engineering, and interior design, to pay for the costs of their education at educational institutions that are exempt from taxation under either Section 501(c)(3) or Section 115 of the Internal Revenue Code.IDC Foundation Inc. will provide funding for internships for such students as long as internships are supervised or approved by the Educational Institutions at which such students are enrolled. IDC Foundation will Provide Grants to Educational Institutions for the purpose of encouraging and supporting students pursuing careers in the building construction industry and to support research and educational programs relevant to the building construction industry.

Financials

FY 2022

Revenue

Contributions & grants
Program service revenue
Investment income$1.2M
Other revenue
Total revenue$1.2M

Expenses

Grants paid$1.8M
Salaries & benefits
Fundraising
Other expenses$290K
Total expenses$2.0M
Total assets$27.8M
Net assets$27.4M

People

4 listed

NameRoleCompensation

Raymond Savino

President

Board

0

Frank Fortino

VP/Secretary

Board

0

Elizabeth Battista

Treasurer

Board

0

Carol Loewenson

Director

Board

0

Details

EIN472662220
NTEE codeB82
Subsection03
Ruling date2015-03
Formed2014
Employees0
IDC FOUNDATION INC — Mission, Financials & Grants Received | Grantivo