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Nonprofiteer
← INITIATIVE FOR A COMPETITIVE INNER CITY INC

Form 990 for tax year 2025

Filed by INITIATIVE FOR A COMPETITIVE INNER CITY INC.

Totals

Total revenue
$9,735,685
Total expenses
$9,634,690
Contributions and grants received
$9,047,161
Grants paid
$785,095
Program service revenue
$142,500
Investment income
$546,024
Other revenue
$0
Total assets, end of year
$14,242,666
Total liabilities, end of year
$521,647
Net assets or fund balances, end of year
$13,721,019
Program services expenses (Part IX)
$7,806,361
Management and general expenses
$1,119,705
Fundraising expenses
$708,624
Program service expenses (Part III)
$7,806,361

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVE GROSSMAN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $433,650
    From this org
    $419,650
    From related orgs
    $0
    Other
    $14,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,650
    Bonus
    $30,000
    Other
    $0
    Deferred
    $14,000
    Nontaxable benefits
    $0
    Filer's total
    $433,650

  • JAIR LYNCH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • BARRY WHITE

    VICE CHAIRMAN & TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • BRENDA MCKENZIE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • RONALD HOMER

    BOARD MEMBER (FORMER CHAIRMAN)

    Total calculated
    $0
    Hours/week
    0.3

  • BARBARA BERKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • RENA CLARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • STEPHANIE HICKMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • KEVIN PROKOP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • KIM SAWYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • SUSAN SCHIRO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • DARRYL SETTLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • SONIA SMYTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • WILLIE WOODS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • CARON NG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • BO MENKITI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • CHRIS CONTI

    BOARD MEMBER (AS OF 2025)

    Total calculated
    $0
    Hours/week
    0.3

  • ROSA SANTANA

    BOARD MEMBER (UNTIL 2025)

    Total calculated
    $0
    Hours/week
    0.3

  • JUDY PAGLIUCA

    BOARD MEMBER (UNTIL 2025)

    Total calculated
    $0
    Hours/week
    0.3

  • JENNIFER PINCK

    BOARD MEMBER (UNTIL 2025)

    Total calculated
    $0
    Hours/week
    0.3

  • GEORGE GENDRON

    BOARD MEMBER (UNTIL 2025)

    Total calculated
    $0
    Hours/week
    0.3

  • DENNIS GREEN

    BOARD MEMBER (UNTIL 2025)

    Total calculated
    $0
    Hours/week
    0.3

  • OKSANA BONDAR

    CHIEF FINANCIAL OFFICER

    Total calculated
    $232,884
    From this org
    $223,141
    From related orgs
    $0
    Other
    $9,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,841
    Bonus
    $20,300
    Other
    $0
    Deferred
    $8,649
    Nontaxable benefits
    $1,094
    Filer's total
    $232,884

  • HOWARD WIAL

    SR. VP OF RESEARCH

    Total calculated
    $260,860
    From this org
    $243,497
    From related orgs
    $0
    Other
    $17,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,847
    Bonus
    $11,650
    Other
    $0
    Deferred
    $8,959
    Nontaxable benefits
    $8,404
    Filer's total
    $260,860

  • ELIZABETH PUGH

    DEVELOPMENT DIRECTOR

    Total calculated
    $212,760
    From this org
    $181,051
    From related orgs
    $0
    Other
    $31,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,411
    Bonus
    $18,640
    Other
    $0
    Deferred
    $7,656
    Nontaxable benefits
    $24,053
    Filer's total
    $212,760

  • NICAELA CHINNASWAMY

    SR PROGRAM DIRECTOR

    Total calculated
    $169,911
    From this org
    $156,899
    From related orgs
    $0
    Other
    $13,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,899
    Bonus
    $21,000
    Other
    $0
    Deferred
    $6,435
    Nontaxable benefits
    $6,577
    Filer's total
    $169,911

  • DIEGO PORTILLO MAZAL

    PROGRAM DIRECTOR

    Total calculated
    $176,099
    From this org
    $161,115
    From related orgs
    $0
    Other
    $14,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,280
    Bonus
    $7,835
    Other
    $0
    Deferred
    $6,580
    Nontaxable benefits
    $8,404
    Filer's total
    $176,099

  • NADIA LARASATI

    PROGRAM DIRECTOR

    Total calculated
    $159,963
    From this org
    $145,528
    From related orgs
    $0
    Other
    $14,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,903
    Bonus
    $16,625
    Other
    $0
    Deferred
    $5,964
    Nontaxable benefits
    $8,471
    Filer's total
    $159,963

  • ELIZABETH BERNAL

    TALENT & CULTURE DIRECTOR

    Total calculated
    $160,978
    From this org
    $137,018
    From related orgs
    $0
    Other
    $23,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,418
    Bonus
    $12,600
    Other
    $0
    Deferred
    $5,759
    Nontaxable benefits
    $18,201
    Filer's total
    $160,978

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 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES PAID TO EMPLOYEES ARE DISCRETIONARY.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202622229349300332

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