Icut Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751540769 ✦ Austin, TX ✦ Designated as a 501(c)(3)

Overview

What is Icut Foundation?

The Icut Foundation, based in Austin, Texas at 1303 SAN ANTONIO ST STE 820, is a nonprofit organization that partners with 40 colleges and universities in Texas. Their primary mission is to collaborate with institutional members, businesses, and relevant stakeholders, raising funds to develop and implement innovative programs. In fiscal year 2022, they awarded 78 scholarships totaling $196,600 to eligible students. The foundation's activities aim to support their educational members and contribute to their communities.


Official website here: www.icut.org/page/foundationoverview

Is Icut Foundation legitimate?

Icut Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Icut Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.icut.org/page/foundationoverview

What is the mission statement of Icut Foundation?

The Icut Foundation's mission is centered around collaborating with institutional members, businesses, and relevant stakeholders. Their primary objective is to raise funds for the development and implementation of innovative programs and to administer privately funded scholarship opportunities. The foundation offers scholarship programs to the 40 independent colleges and universities it serves in Texas. In the fiscal year 2022, the Icut Foundation awarded a total of 78 scholarships, amounting to 196,600 dollars.


Official website here: www.icut.org/page/foundationoverview

Who is the CEO of Icut Foundation?

Richard Ludwick is the Chair of Icut Foundation. The CEO's salary of Icut Foundation is $0 and their total compensation is $283,528.


Official website here: www.icut.org/page/foundationoverview

What is the revenue of Icut Foundation?

Icut Foundation's revenue in 2022 was $1,088,634.


Official website here: www.icut.org/page/foundationoverview

Who are the executives of Icut Foundation and what are their salaries?

Here are 14 key members and their salaries (Icut Foundation's CEO's salary is $0 and their total compensation is $283,528):

    Steven Johnson (Ceo)
  • Compensation: $0
  • Related: $247,811
  • Other: $35,717

    • Richard Ludwick (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Mccormick (Chair-Elect) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frederick Slabach (Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Blair Blackburn (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colette Burnette (Treas. (10/2) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debbie Cottrell (Treas (06/22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debbie Cottrell (Dir. (10/21-) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Herman Felton (Dir. (06/22-) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Christian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven O'Day (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bobby Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Livingstone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.icut.org/page/foundationoverview

    Where can I find the form 990 for Icut Foundation?

    The Icut Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.icut.org/page/foundationoverview

    Learn more at the official website: www.icut.org/page/foundationoverview

    Mission Statement of Icut Foundation

    The Icut Foundation, a collaborative entity, works towards joining forces with institutional members, businesses, and relevant stakeholders. Their primary mission is to leverage these partnerships to raise funds for the development and implementation of innovative programs. Furthermore, they administer privately funded scholarship opportunities. By engaging with these various entities, the Icut Foundation aims to provide financial aid to the 40 independent colleges and universities it serves. In the fiscal year 2022 alone, the foundation awarded 78 scholarships, totaling an impressive $196,600. This commitment to academic support allows deserving students to pursue their educational goals and contribute to their communities.

    Impact

    This information is meant to be a general summary of Icut Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Icut Foundation's impact is evident in the support it provides to the 40 independent colleges and universities in Texas through scholarship programs. In fiscal year 2022 alone, the foundation awarded 78 scholarships totaling $196,600 to students in need. This assistance plays a crucial role in helping students pursue higher education and achieve their academic goals. Through collaboration with institutional members, businesses, and stakeholders, Icut Foundation is actively contributing to the education sector and facilitating access to educational opportunities for deserving individuals.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $681
  • Program Service Revenue: $0
  • Gross Receipts: $1,088,634

    • Assets and Liabilities:
  • Total Assets: $1,110,544
  • Total Liabilities: $175,602
  • Net Assets: $934,942
  • Organization Details

    Founding Year

    1976

    Principal Officer

    Richard Ludwick

    Main Address

    1303 SAN ANTONIO ST STE 820, AUSTIN, TX, 78701

    NTEE Category

    Code: B82 - Education

    If you are a representative of Icut Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.