NonprofitsInitiative For A Competitive Inner City Inc

Housing & Shelter

Initiative For A Competitive Inner City Inc

BOSTON, MA

Total revenue

$9.9M

Total expenses

$7.9M

Net assets

$13.3M

Grants received

$22.0M

122 grants

EIN

133772904

Tax year

2024

Mission

Icic drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Programs

1 program

Research:icic's research agenda has positioned the organization as the leading and most trusted resource in the economies of under-resourced communities. Our research focuses on the economic and social development of under-resourced communities, industries and clusters that provide good jobs for people without college degrees, small businesses, anchor institutions, and program evaluation. We use quantitative and qualitative data to identify the competitive advantages and challenges of under-resourced communities. We believe that community and economic development should be inclusive and equitable in the process as well as in outcomes.

Expenses: $686K

Financials

FY 2024

Revenue

Contributions & grants$8.9M
Program service revenue$89K
Investment income$855K
Other revenue
Total revenue$9.9M

Expenses

Grants paid$279K
Salaries & benefits$5.3M
Fundraising$528K
Other expenses$2.3M
Total expenses$7.9M
Total assets$13.7M
Net assets$13.3M

People

30 listed

NameRoleCompensation

STEVE GROSSMAN

CHIEF EXECUTIVE OFFICER

Board

$360K

40 hrs/wk

OKSANA BONDAR

CHIEF FINANCIAL OFFICER

Board

$197K

40 hrs/wk

DENNIS GREEN

BOARD MEMBER

Board

0.3 hrs/wk

STEPHANIE HICKMAN

BOARD MEMBER

Board

0.3 hrs/wk

JAIR LYNCH

BOARD MEMBER

Board

0.3 hrs/wk

JUDY PAGLIUCA

BOARD MEMBER

Board

0.3 hrs/wk

JENNIFER PINCK

BOARD MEMBER

Board

0.3 hrs/wk

KEVIN PROKOP

BOARD MEMBER

Board

0.3 hrs/wk

KIM SAWYER

BOARD MEMBER

Board

0.3 hrs/wk

SUSAN SCHIRO

BOARD MEMBER

Board

0.3 hrs/wk

DARRYL SETTLES

BOARD MEMBER

Board

0.3 hrs/wk

SONIA SMYTH

BOARD MEMBER

Board

0.3 hrs/wk

WILLIE WOODS

BOARD MEMBER

Board

0.3 hrs/wk

CARON NG

BOARD MEMBER

Board

0.3 hrs/wk

ROSA SANTANA

BOARD MEMBER

Board

0.3 hrs/wk

BO MENKITI

BOARD MEMBER

Board

0.3 hrs/wk

LYNDA APPLEGATE

BOARD MEMBER (UNTIL 12/24)

Board

0.3 hrs/wk

GEORGE GENDRON

BOARD MEMBER

Board

0.3 hrs/wk

RENA CLARK

BOARD MEMBER

Board

0.3 hrs/wk

BARBARA BERKE

BOARD MEMBER

Board

0.3 hrs/wk

BRENDA MCKENZIE

SECRETARY

Board

0.5 hrs/wk

BARRY WHITE

VICE CHAIRMAN & TREASURER

Board

0.5 hrs/wk

RONALD HOMER

CHAIRMAN

Board

0.5 hrs/wk

MICHAEL PORTER

FOUNDER & CHAIRMAN EMERITUS

Board

0.5 hrs/wk

HOWARD WIAL

SR. VP OF RESEARCH

Staff

$221K

40 hrs/wk

ELIZABETH PUGH

DEVELOPMENT DIRECTOR

Staff

$167K

40 hrs/wk

SONIA MOIN

SENIOR DIRECTOR (UNTIL 11/1/24)

Staff

$157K

40 hrs/wk

DIEGO PORTILLO-MAZAL

PROGRAM DIRECTOR

Staff

$146K

40 hrs/wk

ELIZABETH BERNAL

DIRECTOR OF TALENT & CULTURE

Staff

$136K

40 hrs/wk

NADIA LARASATI

PROGRAM DIRECTOR

Staff

$123K

40 hrs/wk

Independent contractors

STRATEGIC MARKETING CONSULTING

INTERIM DIRECTOR OF MARKETING & COMMUNIC

$139K

PACIFIC COMMUNITY VENTURES

MENTORSHIP/COACHING

$139K

FORWARD PLANNING & SOLUTIONS

BFG CURRICULUM DEVELOPMENT AND IMPLEMENT

$120K

Grants received

Showing 122 of 122

FromAmountPurposeYear
$500K
Unrestricted Contributions to 501(c)3
2024
$151K
General Charitable Needs
2024
$60K
TO FURTHER RECIPIENT'S TAX-EXEMPT PURPOSE
2024
$36K
COMMUNITY & HUMAN SERVICES
2024
$30K
79685 CREATING CONNECTIVITY ACROSS INDUSTRY CLUSTERS IN DISADVANTAGED COMMUNITIES AND OTHER PARTS OF METROPOLITAN AREAS AS AN ECONOMIC DEVELOPMENT STRATEGY
2024
$24K
81091 CREATING DATA VISUALIZATIONS TO UNDERSTAND THE IMPACT OF STRUCTURAL RACISM ON BARRIERS FACED BY SMALL BUSINESSES AND EXPLORE OPPORTUNITIES FOR SUCCESS
2024
$13K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
General Purpose
2024
$10K
General Support
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
GENERAL SUPPORT
2024
$3.2M
GRANT TO SUPPORT THE IMPLEMENTATION OF THE 10,000 SMALL BUSINESS INITIATIVE NATIONALLY.
2023
$597K
Unrestricted Contributions to 501(c)3
2023
$450K
TRAINING AND CONNECTING DIVERSE ENTREPRENEURS WITHIN THE ICIC ALUMNI NETWORK, 2024-2025
2023
$220K
81091 CREATING DATA VISUALIZATIONS TO UNDERSTAND THE IMPACT OF STRUCTURAL RACISM ON BARRIERS FACED BY SMALL BUSINESSES AND EXPLORE OPPORTUNITIES FOR SUCCESS
2023
$203K
General Charitable Needs
2023
$199K
For grant recipient's exempt purposes
2023
$100K
MICHAEL E. PORTER RESEARCH FUND
2023
$100K
CHARITABLE DONATION
2023
$90K
THROUGH A RESEARCH BRIEF AND THREE TO FOUR LOCAL CASE STUDIES, THIS PROJECT WILL EXPLORE THE IMPLICATIONS FOR PRACTICE OF AN EMERGING PLACE-BASED STRATEGY, REGIONAL ECONOMIC CONNECTIVITY, AS A PATHWAY TO TACKLE CONCENTRATED POVERTY AND ADVANCE INCLUSIVE INNOVATION.
2023
$75K
EXEMPT PURPOSE
2023
$75K
CHARITABLE SUPPORT. ANY RESTRICTIONS HAVE BEEN COMMUNICATED TO THE GRANTEE.
2023
$58K
TO FURTHER RECIPIENT'S TAX-EXEMPT PURPOSE
2023
$50K
Unrestricted
2023
$47K
COMMUNITY & HUMAN SERVICES
2023
$18K
UNRESTRICTED GENERAL SUPPORT
2023
$15K
BUILDING FOR GROWTH PROGRAM
2023
$15K
INNER CITY CAPITAL CONNECTIONS
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$10K
Operating Support/Annual Fund
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$10K
EXEMPT PURPOSE
2023
$10K
TO DRIVE INCLUSIVE ECONOMIC PROSPERITY IN UNDER-RESOURCED COMMUNITIES THROUGH INNOVATIVE RESEARCH AND PROGRAMS TO CREATE JOBS, INCOME, AND WEALTH FOR LOCAL RESIDENTS.
2023
$10K
General Purpose
2023
$10K
GENERAL SUPPORT
2023
$10K
General Support
2023
$5K
RACIAL EQUITY IN AMERICAS NEW INDUSTRIAL TRANSFORMATION
2023
$2.5M
GRANT TO SUPPORT THE IMPLEMENTATION OF THE 10,000 SMALL BUSINESS INITIATIVE NATIONALLY
2022
$1.3M
GRANT TO SUPPORT THE IMPLEMENTATION OF THE 10,000 SMALL BUSINESS INITIATIVE NATIONALLY
2022
$1.0M
GENERAL SUPPORT
2022
$360K
Inner City Capital Connections 2022-2023, Po - Gra
2022
$110K
EXEMPT PURPOSE
2022
$105K
SUPPORT TO CREATE AND MAKE AVAILABLE DISAGGREGATED DEMOGRAPHIC DATA ON BUSINESS COUNT AND EMPLOYMENT FOR NEIGHBORHOODS AROUND THE UNITED STATES. 202012-9597
2022
$75K
EXEMPT PURPOSE
2022
$75K
General charitable
2022
$63K
NMCF CAPACITY BUILDING
2022
$55K
TO FURTHER RECIPIENT'S TAX-EXEMPT PURPOSE
2022
$50K
PARTNERSHIP WITH ICIC TO DELIVER INNER CITY CAPITAL CONNECTORS IN ST. LOUIS, MO IN OCTOBER 2022
2022
$50K
Unrestricted
2022
$40K
COMMUNITY DEVELOPMENT
2022
$36K
THROUGH A RESEARCH BRIEF AND THREE TO FOUR LOCAL CASE STUDIES, THIS PROJECT WILL EXPLORE THE IMPLICATIONS FOR PRACTICE OF AN EMERGING PLACE-BASED STRATEGY, REGIONAL ECONOMIC CONNECTIVITY, AS A PATHWAY TO TACKLE CONCENTRATED POVERTY AND ADVANCE INCLUSIVE INNOVATION.
2022
$35K
COMMUNITY & HUMAN SERVICES
2022
$29K
For grant recipient's exempt purposes
2022
$25K
Economic Development
2022
$15K
INNER CITY CAPITAL CONNECTIONS
2022
$13K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
General Purpose
2022
$10K
DONATION
2022
$10K
TO DRIVE INCLUSIVE ECONOMIC PROSPERITY IN UNDER-RESOURCED COMMUNITIES THROUGH INNOVATIVE RESEARCH AND PROGRAMS TO CREATE JOBS, INCOME, AND WEALTH FOR LOCAL RESIDENTS.
2022
$5K
General Support
2022
$2.5M
INNER CITY CAPITAL CONNECTIONS 2022-2023
2021
$505K
GENERAL SUPPORT
2021
$505K
GENERAL SUPPORT
2021
$100K
GENERAL SUPPORT
2021
$25K
Economic Development
2021
$23K
For grant recipient's exempt purposes
2021
$23K
For grant recipient's exempt purposes
2021
$20K
EXEMPT PURPOSE
2021
$13K
INNER CITY CAPITAL CONNECTION
2021
$1.9M
ICCC NATIONAL PROGRAM IMPLEMENTATION 2020-2021
2020
$1.6M
GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE
2020
$225K
GENERAL SUPPORT
2020
$160K
Economic Development
2020
$80K
For grant recipient's exempt purposes
2020
$50K
General charitable
2020
$50K
TO FURTHER RECIPIENT'S TAX-EXEMPT PURPOSE
2020
$40K
Operating Support/Annual Fund
2020
$30K
COMMUNITY DEVELOPMENT
2020
$25K
Economic Development
2020
$13K
INNER CITY CAPITAL CONNECTION
2020
$10K
UNRESTRICTED GENERAL SUPPORT
2020
$10K
GENERAL SUPPORT
2020
$10K
EXEMPT PURPOSE
2020
$5K
General Purpose
2020
$5K
General Support
2020
$5K
DONATION
2020
$250
EXEMPT PURPOSE
2020
$165K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$85K
GENERAL SUPPORT
2019
$83K
For grant recipient's exempt purposes
2019
$25K
Economic Development
2019
$20K
Unrestricted
2019
$5K
Operating Support/Annual Fund
2019
$20
GENERAL OPERATING SUPPORT
2019
$300K
COMMY/ECON DEVEL OTHER COMMY/ECON
2018
$100K
GENERAL SUPPORT
2018
$50K
Community Service
2018
$10K
Private Campaign-Workforce Development
2018
$10K
GENERAL SUPPORT
2018
$10K
INNER CITY CAPITAL CONNECTIONS PROGRAM
2018
$10K
For grant recipient's exempt purposes
2018
$50K
GENERAL SUPPORT
2017
$25K
Economic Development
2017
$25K
Operating Support
2017
$14K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$10K
SUPPORT OF MISSION
2017
$10K
CHARITABLE - GENERAL SUPPORT
2017
$30K
Conference Support
2016

Funded by

$22.0M from 46 funders · 122 grants · 2016–2024

The Goldman Sachs Foundation

$8.6M · 4 grants · 2020–2023

East Bay Community Foundation

$4.8M · 3 grants · 2020–2023

The Blackbaud Giving Fund

$2.0M · 3 grants · 2021–2022

Yum Brands Foundation Inc

$1.1M · 2 grants · 2023–2024

Cencora Impact Foundation

$560K · 5 grants · 2017–2021

Michael E Porter Family Foundation

$479K · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$460K · 8 grants · 2017–2023

Kaiser Foundation Hospitals

$360K · 1 grant · 2022

Details

EIN133772904
NTEE codeL50
Subsection03
Ruling date1995-03
Formed1994
Employees63
Volunteers20
INITIATIVE FOR A COMPETITIVE INNER CITY INC — Mission, Financials & Grants Received | Grantivo