Powered by CharityEZ

Charity report ready

IDC FOUNDATION INC

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This takes you back to the exact search that opened this report.

Public IRS 990 nonprofit record

IDC FOUNDATION INC

EIN 47-2662220 · Scholarships & Student Financial Aid (B82)

What they do

IDC FOUNDATION INC. WAS FOUNDED TO PROVIDE SCHOLARSHIPS HELP UNDERGRADUATE AND PROFESSIONAL STUDENTS PREPARING FOR CAREERS IN THE BUILDING CONSTRUCTION INDUSTRY, INCLUDING BUT NOT LIMITED ARCHITECTURE,CONSTRUCTION, ENGINEERING, INTERIOR DESIGN, PAY COSTS OF THEIR EDUCATION AT EDUCATIONAL INSTITUTIONS THAT ARE EXEMPT FROM TAXATION UNDER EITHER SECTION 501(C)(3) OR 115 INTERNAL REVENUE CODE.IDC WILL FUNDING INTERNSHIPS SUCH AS LONG SUPERVISED APPROVED BY WHICH ENROLLED. GRANTS PURPOSE ENCOURAGING SUPPORTING PURSUING INDUSTRY SUPPORT RESEARCH PROGRAMS RELEVANT INDUSTRY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $89.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

156.60%of revenue went to mission work89.5% of expenses · Program services
$96.24spent for every $100 of revenueRevenue covered expenses this year.
18.34%of revenue went to management and office costs10.5% of expenses
$10.83in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,166,011
Mission workProgram services$1,825,996156.60% of revenue89.5% of expenses
ManagementOffice and general costs$213,82118.34% of revenue10.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$2,039,817174.94% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 89.5% mission · 10.5% management · 0.0% fundraisingTotal expenses: 174.94% of revenue
2022Expense mix: 84.0% mission · 16.0% management · 0.0% fundraisingTotal expenses: 76.59% of revenue
2021Expense mix: 88.4% mission · 11.6% management · 0.0% fundraisingTotal expenses: 131.54% of revenue
2020Expense mix: 78.9% mission · 21.1% management · 0.0% fundraisingTotal expenses: 90.70% of revenue
2019Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 191.63% of revenue
2018Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 16.25% of revenue
2017Expense mix: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 24.94% of revenue

Money in and money out

Revenue$3,056,194
Expenses$2,941,193
Annual surplus $115,001 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,825,996 · 62.1% of expenses
Management and office costs$213,821 · 7.3% of expenses
See all reported dollar amounts
Revenue$3,056,194
Expenses$2,941,193
Assets$31,867,632
Income$14,134,711
Mission work (program services)$1,825,996
Grants given$17,045,625
Average grant$270,565
Stocks and bonds$16,517,630
Accounting fees$26,065
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (4)

CAROL LOEWENSONDIRECTOR

ELIZABETH BATTISTADIRECTOR

FRANK FORTINOVP/SECRETARY

RAYMOND SAVINOPRESIDENT/TREAS

About this charity

Recognized since
January 2015
Location
277 JACKSON CRES, CENTERPORT, NY 11721-1054
County
Suffolk
In care of
% ELIZABETH BATTISTA
Primary officer
Raymond Savino, President/Treas

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990PF
Tax preparer
DAMBROZIONEWMAN & CO LLP
NTEE classification
Scholarships & Student Financial Aid (B82)
IRS tax category
Scholarships & Student Financial Aid
Grant-giving organization
Yes

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Back to search results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free