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← ICICLE FUND

Form 990 for tax year 2023

Filed by ICICLE FUND.

Totals

Total revenue
$2,369,084
Total expenses
$3,118,515
Contributions and grants received
$0
Grants paid
$2,703,591
Program service revenue
$0
Investment income
$2,686,802
Other revenue
-$317,718
Total assets, end of year
$51,444,310
Total liabilities, end of year
$486,984
Net assets or fund balances, end of year
$50,957,326
Program services expenses (Part IX)
$2,918,453
Management and general expenses
$200,062
Fundraising expenses
$0
Program service expenses (Part III)
$2,918,453

Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,430,248 · excluded $1,430,248

  • 6a · Gross rents

    real property $87,796

  • 6b · Less rental expenses

    real property $405,514

  • 6c · Rental income or loss

    real property -$317,718

  • 6d · Net rental income or loss

    total -$317,718 · related or exempt -$317,718

  • 7a · Gross sales of assets other than inventory

    securities $7,639,669

  • 7b · Less cost or other basis and sales expenses

    securities $6,383,115

  • 7c · Gain or loss

    securities $1,256,554

  • 7d · Net gain or loss

    total $1,256,554 · excluded $1,256,554

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,703,591 · program services $2,703,591

  • 5 · Compensation of officers, directors and key employees

    total $112,000 · program services $67,200 · management and general $44,800

  • 7 · Other salaries and wages

    total $69,983 · program services $41,990 · management and general $27,993

  • 8 · Pension plan contributions

    total $5,143 · program services $3,086 · management and general $2,057

  • 9 · Other employee benefits

    total $15,444 · program services $9,266 · management and general $6,178

  • 10 · Payroll taxes

    total $14,612 · program services $8,767 · management and general $5,845

  • 11b · Fees: legal

    total $2,043 · management and general $2,043

  • 11c · Fees: accounting

    total $9,567 · management and general $9,567

  • 11f · Fees: investment management

    total $78,002 · management and general $78,002

  • 11g · Fees: other

    total $53,660 · program services $53,660

  • 13 · Office expenses

    total $3,084 · program services $1,542 · management and general $1,542

  • 14 · Information technology

    total $7,780 · program services $3,890 · management and general $3,890

  • 19 · Conferences, conventions and meetings

    total $29,909 · program services $17,345 · management and general $12,564

  • 23 · Insurance

    total $3,469 · management and general $3,469

  • 24a · Other expenses: OUTREACH & MARKETING

    total $6,661 · program services $6,661

  • 24b · Other expenses: TELECOMMUNICATIONS

    total $2,910 · program services $1,455 · management and general $1,455

  • 24c · Other expenses: BANK FEES

    total $512 · management and general $512

  • 24d · Other expenses: PERMITS & LICENSES

    total $145 · management and general $145

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $176,830 · end of year $473,208

  • 4 · Accounts receivable

    beginning of year $1,037 · end of year $3,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,744 · end of year $116,692

  • 10a · Land, buildings and equipment: cost or other basis

    $31,237

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,298

  • 10c · Land, buildings and equipment, net

    beginning of year $20,939 · end of year $20,939

  • 11 · Investments: publicly traded securities

    beginning of year $40,676,970 · end of year $41,786,732

  • 12 · Investments: other securities

    beginning of year $2,951,894 · end of year $2,951,894

  • 13 · Investments: program-related

    beginning of year $6,222,736 · end of year $6,091,205

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,778 · end of year $194,984

  • 18 · Grants payable

    beginning of year $791,697 · end of year $292,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $49,245,675 · end of year $50,957,326

Mission and programs · 2023

Mission

THE MISSION OF THE ICICLE FUND IS TO SUPPORT THE ENVIRONMENT, THE ARTS AND HISTORY THROUGH INNOVATIVE COLLABORATION IN NORTH CENTRAL WASHINGTON.

  • PROTECT THE ENVIRONMENT, ADVANCE THE APPRECIATION OF THE ARTS, AND PROMOTE THE NATURAL AND CULTURAL HISTORY OF THE WENATCHEE RIVER WATERSHED AND THE GREATER NORTH CENTRAL WASHINGTON REGION, BY SUPPORTING CHELAN-DOUGLAS LAND TRUST, THE NATURE CONSERVANCY, THE TRUST FOR PUBLIC LAND, ICICLE CREEK CENTER FOR THE ARTS, WENATCHEE RIVER INSTITUTE, METHOW ARTS ALLIANCE, AND OTHER QUALIFIED NONPROFITS THROUGH OUR COMMUNITY GRANTS PROGRAM.

    Expenses $2,918,453 · Grants $2,703,591 · Revenue $87,796

As filed on the 2023 return.

Listed in Part VII

  • MITSU IWASAKI

    PRESIDENT

    Total calculated
    $165,233
    From this org
    $0
    From related orgs
    $150,233
    Other
    $15,000
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,233 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,000 related
    Filer's total
    $0 + $165,233 related

  • PHIL LACEY

    VICE PRESIDENT

    Total calculated
    $97,700
    From this org
    $0
    From related orgs
    $97,700
    Other
    $0
    Hours/week
    3 + 40 related

  • JAMES SCHROEDER

    TREASURER

    Total calculated
    $210,908
    From this org
    $0
    From related orgs
    $195,286
    Other
    $15,622
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,286 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,622 related
    Filer's total
    $0 + $210,908 related

  • SHARON LUNZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • NOELLE O'REILLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENI STURGEON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL ISHII

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CANUCHE TERRANELLA

    DIRECTOR

    Total calculated
    $67,586
    From this org
    $0
    From related orgs
    $67,586
    Other
    $0
    Hours/week
    2 + 30 related

  • EUNICE YOUMANS

    DIRECTOR

    Total calculated
    $117,515
    From this org
    $0
    From related orgs
    $104,933
    Other
    $12,582
    Hours/week
    2 + 40 related

  • MISSI SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • SARAH JO LIGHTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • CHRISTINE MORGAN

    EXECUTIVE DIRECTOR

    Total calculated
    $117,143
    From this org
    $112,000
    From related orgs
    $0
    Other
    $5,143
    Hours/week
    32

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ICCA PROPERTIES LLC

    RENTAL · WA · income $87,796 · assets $9,368,311

    Directly controlled by ICICLE FUND

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SLEEPING LADY INC

    C · HOSPITALITY · WA · 100% owned · controlled entity

    Directly controlled by ICICLE FUND

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202443529349300049

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