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Nonprofiteer
← INDEPENDENT COLLEGE ENTERPRISE INC

Form 990 for tax year 2022

Filed by INDEPENDENT COLLEGE ENTERPRISE INC.

Totals

Total revenue
$2,643,026
Total expenses
$2,193,429
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,613,432
Investment income
$29,594
Other revenue
$0
Total assets, end of year
$2,780,337
Total liabilities, end of year
$94,092
Net assets or fund balances, end of year
$2,686,245
Program services expenses (Part IX)
$1,761,993
Management and general expenses
$431,436
Fundraising expenses
$0
Program service expenses (Part III)
$1,761,993

Program services were 80.3% 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.

  • 2a · Program service revenue: MEMBERSHIP

    total $2,613,432 · related or exempt $2,613,432

  • 3 · Investment income

    total $29,594 · excluded $29,594

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,582 · program services $81,291 · management and general $81,291

  • 7 · Other salaries and wages

    total $387,064 · program services $193,532 · management and general $193,532

  • 9 · Other employee benefits

    total $93,370 · program services $46,685 · management and general $46,685

  • 11b · Fees: legal

    total $9,203 · management and general $9,203

  • 11c · Fees: accounting

    total $42,450 · management and general $42,450

  • 13 · Office expenses

    total $569 · management and general $569

  • 17 · Travel

    total $3,386 · management and general $3,386

  • 22 · Depreciation, depletion and amortization

    total $649 · management and general $649

  • 23 · Insurance

    total $13,156 · management and general $13,156

  • 24a · Other expenses: SERVICE CONTRACTS

    total $975,889 · program services $975,889

  • 24b · Other expenses: PASSTHROUGH AND OTHER E

    total $392,075 · program services $392,075

  • 24c · Other expenses: DATA COMMUNICATIONS & T

    total $65,491 · program services $65,491

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $40,515 · management and general $40,515

  • 24e · All other expenses

    total $7,030 · program services $7,030

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,281,783 · end of year $2,571,246

  • 4 · Accounts receivable

    beginning of year $104,994 · end of year $116,757

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,309 · end of year $90,980

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

    $1,221,955

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

    $1,220,601

  • 10c · Land, buildings and equipment, net

    beginning of year $2,003 · end of year $1,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $282,441 · end of year $94,092

  • 27 · Net assets without donor restrictions

    beginning of year $2,236,648 · end of year $2,686,245

Mission and programs · 2022

Mission

THE GOAL OF THE INDEPENDENT COLLEGE ENTERPRISE IS TO PROVIDE A BASIS FOR COLLABORATION AMONG ITS MEMBER SCHOOLS, BOTH IN THE SHARING OF INFORMATION TECHNOLOGY RESOURCES AND IN THE CONSOLIDATION OF OPERATING FUNCTIONS WHERE PRACTICAL.

Activities or mission (Part I)

ICE IS A CONSORTIUM OF NINE PRIVATE COLLEGES IN WEST VIRGINIA, VIRGINIA, TENNESSEE, ALABAMA AND NORTH CAROLINA CREATED TO PROVIDE A BASIS FOR COLLABORATION AMONG ITS MEMBER SCHOOLS, BOTH IN SHARING OF INFORMATION TECHNOLOGY RESOURCES AND IN THE CONSOLIDATION OF OPERATING FUNCTIONS WHERE PRACTICAL.

  • MAINTENANCE ON DATA PROCESSING HARDWARE AND SOFTWARE USED FOR HIGHER EDUCATION

    Expenses $1,673,812 · Revenue $2,482,639

  • TELEPHONE LINE CONNECTION WITH DATA PROCESSING SYSTEM

    Expenses $80,108 · Revenue $118,819

  • TRAINING ON THE USE OF DATA PROCESSING HARDWARE AND SOFTWARE

    Expenses $8,073 · Revenue $11,974

As filed on the 2022 return.

Listed in Part VII

  • Chris Wood

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dr Martin S Roth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • James Moore

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cleta Harless

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jamie Caridi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Warrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Ralph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Hummel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Kamons

    CEO - PART YEAR

    Total calculated
    $62,987
    From this org
    $55,121
    From related orgs
    $0
    Other
    $7,866
    Hours/week
    40

  • Shelley Nason

    CEO - PART YEAR

    Total calculated
    $83,019
    From this org
    $75,854
    From related orgs
    $0
    Other
    $7,165
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401349349305615

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