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Employer Identification Number 47-2662220

IDC FOUNDATION INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:IDC FOUNDATION INC
Employer identification number (EIN):47-2662220
EIN Issuing AuthorityInternet
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementIDC 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.
Number of Employees0
Year Formed2014

Organization Governance

Legal DomicileNY
Voting Members - Governing Body3
Voting Members - Independent3

Organization Financials

2021-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,031,423
Investment Income from current yearUSD $ 1,443,639
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 5,142,232
Net assets / fund balances at end of fiscal yearUSD $ 31,517,201
Net assets / fund balances at beginning of fiscal yearUSD $ 28,398,393
Total liabilities at end of fiscal yearUSD $ 388,491
Total liabilities at beginning of fiscal yearUSD $ 39,267
Total assets at end of fiscal yearUSD $ 31,905,692
Total assets at beginning of fiscal yearUSD $ 28,437,660
Revenues less expenses for current yearUSD $ -455,266
Revenues less expenses for previous yearUSD $ 95,618
Total expenses for current yearUSD $ 1,898,905
Total expenses for previous yearUSD $ 935,805
Other expenses in current yearUSD $ 302,905
Other expenses in previous yearUSD $ 285,805
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,596,000
Grants and similar amounts paid in previous yearUSD $ 650,000
Total revenue in current fiscal yearUSD $ 1,443,639
Total revenue in previous fiscal yearUSD $ 1,031,423
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2020-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,541,067
Investment Income from current yearUSD $ 1,031,808
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 12,549,862
Net assets / fund balances at end of fiscal yearUSD $ 28,398,393
Net assets / fund balances at beginning of fiscal yearUSD $ 28,472,873
Total liabilities at end of fiscal yearUSD $ 39,267
Total liabilities at beginning of fiscal yearUSD $ 803,890
Total assets at end of fiscal yearUSD $ 28,437,660
Total assets at beginning of fiscal yearUSD $ 29,276,763
Revenues less expenses for current yearUSD $ 96,003
Revenues less expenses for previous yearUSD $ -1,412,026
Total expenses for current yearUSD $ 935,805
Total expenses for previous yearUSD $ 2,953,093
Other expenses in current yearUSD $ 285,805
Other expenses in previous yearUSD $ 303,093
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 650,000
Grants and similar amounts paid in previous yearUSD $ 2,650,000
Total revenue in current fiscal yearUSD $ 1,031,808
Total revenue in previous fiscal yearUSD $ 1,541,067
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2019-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,675,200
Investment Income from current yearUSD $ 1,541,067
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 8,004,293
Net assets / fund balances at end of fiscal yearUSD $ 28,472,873
Net assets / fund balances at beginning of fiscal yearUSD $ 29,282,070
Total liabilities at end of fiscal yearUSD $ 803,890
Total liabilities at beginning of fiscal yearUSD $ 50,678
Total assets at end of fiscal yearUSD $ 29,276,763
Total assets at beginning of fiscal yearUSD $ 29,332,748
Revenues less expenses for current yearUSD $ -1,412,026
Revenues less expenses for previous yearUSD $ 9,778,550
Total expenses for current yearUSD $ 2,953,093
Total expenses for previous yearUSD $ 1,896,650
Other expenses in current yearUSD $ 303,093
Other expenses in previous yearUSD $ 894,473
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 2,650,000
Grants and similar amounts paid in previous yearUSD $ 1,002,177
Total revenue in current fiscal yearUSD $ 1,541,067
Total revenue in previous fiscal yearUSD $ 11,675,200
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 10,000,000
Total of other revenueUSD $ 0
2018-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 420,503
Investment Income from current yearUSD $ 1,675,200
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 21,666,418
Net assets / fund balances at end of fiscal yearUSD $ 29,282,070
Net assets / fund balances at beginning of fiscal yearUSD $ 20,105,632
Total liabilities at end of fiscal yearUSD $ 50,678
Total liabilities at beginning of fiscal yearUSD $ 6,338,645
Total assets at end of fiscal yearUSD $ 29,332,748
Total assets at beginning of fiscal yearUSD $ 26,444,277
Revenues less expenses for current yearUSD $ 9,778,550
Revenues less expenses for previous yearUSD $ 19,322,464
Total expenses for current yearUSD $ 1,896,650
Total expenses for previous yearUSD $ 6,419,180
Other expenses in current yearUSD $ 894,473
Other expenses in previous yearUSD $ 84,857
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,002,177
Grants and similar amounts paid in previous yearUSD $ 6,334,323
Total revenue in current fiscal yearUSD $ 11,675,200
Total revenue in previous fiscal yearUSD $ 25,741,644
Contributions and grants from current yearUSD $ 10,000,000
Contributions and grants from previous yearUSD $ 25,321,141
Total of other revenueUSD $ 0
2017-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from current yearUSD $ 420,503
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 28,278,951
Net assets / fund balances at end of fiscal yearUSD $ 20,105,632
Net assets / fund balances at beginning of fiscal yearUSD $ 18,000
Total liabilities at end of fiscal yearUSD $ 6,338,645
Total assets at end of fiscal yearUSD $ 26,444,277
Total assets at beginning of fiscal yearUSD $ 18,000
Revenues less expenses for current yearUSD $ 19,322,464
Revenues less expenses for previous yearUSD $ 18,000
Total expenses for current yearUSD $ 6,419,180
Other expenses in current yearUSD $ 84,857
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,334,323
Total revenue in current fiscal yearUSD $ 25,741,644
Total revenue in previous fiscal yearUSD $ 18,000
Contributions and grants from current yearUSD $ 25,321,141
Contributions and grants from previous yearUSD $ 18,000
Total of other revenueUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 472662220

USA Mailing Address
PO Box 25196
Brooklyn
NY
11202
Date first seen: 2007-01-01
Date last seen: 2023-12-31
USA Mailing Address
277 Jackson Cres
Centerport
NY
11721
Date first seen: 2007-01-01
Date last seen: 2024-02-29

EIN Events

Event Date Event description
2016-06-30Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2015

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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