2024-10-31T10:09:50-05:00 2023-12-31 455297192 RYAN GUNSAULS & O'DONNELL LLC 5590 E YALE AVE SUITE 201 DENVER CO 80222 990 2023-01-01 412139623 ICAST ICAS 8665904377 7400 W 14TH AVE 101 LAKEWOOD CO 80226 RAVI MALHOTRA PRESIDENT 3034624100 2024-10-29 1 0 KATHERINE T MOELLER CPA P01270619 3037585558 2024-10-29 2023 2024-10-15 13:58:12Z RAVI MALHOTRA 7400 W 14TH AVE 101 LAKEWOOD CO 80226 32389850 0 X WWW.ICASTUSA.ORG X 2004 CO ICAST PROVIDES ECONOMIC, ENVIRONMENTAL, AND SOCIAL BENEFITS TO COMMUNITIES IN A MANNER THAT BUILDS LOCAL CAPACITY.ICAST IS A 501(C)(3) NONPROFIT SOCIAL ENTERPRISE WITH A HISTORY OF DESIGNING AND LAUNCHING PROGRAMS TO MEANINGFULLY IMPACT COMMUNITIES AND PROVIDE SUSTAINABLE RESOURCE SOLUTIONS. 7 7 137 8 0 0 1372 1755 21033052 32373434 5568 14549 0 0 21039992 32389738 0 0 0 0 6137494 7866965 0 0 84966 16247993 22146425 22385487 30013390 -1345495 2376348 5917231 10068857 2751475 4528579 3165756 5540278 X ICAST PROVIDES ECONOMIC, ENVIRONMENTAL, AND SOCIAL BENEFITS TO COMMUNITIES IN A MANNER THAT BUILDS LOCAL CAPACITY.ICAST IS A 501(C)(3) NONPROFIT SOCIAL ENTERPRISE WITH A HISTORY OF DESIGNING AND LAUNCHING PROGRAMS TO MEANINGFULLY IMPACT COMMUNITIES AND PROVIDE SUSTAINABLE RESOURCE SOLUTIONS. 0 0 25196216 32374032 FROM ITS INCEPTION, ICAST HAS WORKED TO PROVIDE SUSTAINABLE SOLUTIONS FOR UNDERSERVED COMMUNITIES. CURRENTLY, ICAST'S FOCUS IS IN THE US MULTIFAMILY HOUSING SECTOR. BY INVESTING IN LOCAL COMMUNITIES, PRESERVING AND UPGRADING AFFORDABLE HOUSING, AND REDUCING ENERGY AND WATER WASTE, ICAST PROVIDES BENEFITS ALIGNED WITH THE TRIPLE BOTTOM LINE STANDARD OF ITS MISSION. ICAST IS ALSO SET TO SCALE ITS INFLUENCE THROUGH PROGRAMS THAT CONSULT WITH MULTIFAMILY PROPERTY OWNERS ON SUSTAINABLE DEVELOPMENT AND TECHNOLOGY. 25196216 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 54 0 1 137 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CO MO NM UT X THE ORGANIZATION 8665904377 7400 W 14TH AVE 101 LAKEWOOD CO 80226 DR JOHN TREFNY CHAIRMAN 1.00 1.00 X X 0 0 0 RAVI MALHOTRA PRESIDENT/SECRETARY 40.00 10.00 X X 119999 0 0 BRUCE DINES TREASURER 1.00 1.00 X X 0 0 0 THOMAS AMDUR DIRECTOR 1.00 1.00 X 0 0 0 TARA ROLLINS DIRECTOR 1.00 1.00 X 0 0 0 HOWARD GELLER DIRECTOR 1.00 1.00 X 0 0 0 BRENT RUSTEN DIRECTOR 1.00 1.00 X 0 0 0 119999 0 0 1 0 0 0 HANSEN HVAC & PLUMBLING SERVICES INC 5752 W FEULNER PARK CIRCLE WEST JORDAN UT 84088 CONSTRUCTION SERVICES 4764351 STANTON GLENN THC LLC 251 LITTLE FALLS DRIVE WILMINGTON DE 19808 CONSTRUCTION SERVICES 2214460 LANE PLUMBING CO INC 1229 OREGON AVE ALAMOGORDO NM 88310 CONSTRUCTION SERVICES 1583334 HECC 7400 W 14TH AVE 101 LAKEWOOD CO 80226 CONSTRUCTION SERVICES 1378553 CC ACS STANTON JV LLC 251 LITTLE FALLS DRIVE WILMINGTON DE 19808 CONSTRUCTION SERVICES 831402 5 1755 1755 FEES FOR SERVICE 541300 22196249 22196249 GOVERNMENT GRANTS 541300 10174684 10174684 FOUNDATION GRANTS 541300 2500 2500 OTHER INCOME 541300 1 1 32373434 14661 14661 112 -112 -112 -112 32389738 32373322 0 14661 X 119999 77999 40800 1200 6507577 4215699 2244014 47864 671878 377216 290202 4460 567511 318620 245124 3767 11616 987 10083 546 50290 4275 43652 2363 20382967 19898513 459688 24766 54420 6616 47804 557974 49765 508209 109430 35330 74100 238144 168869 69275 32229 32229 129035 129035 254278 254278 MISCELLANEOUS EXPENSE 214572 42037 172535 COMMUNICATION 89119 89119 OUTREACH 22351 290 22061 30013390 25196216 4732208 84966 170099 293083 254949 1521743 4562299 4705732 5666 740936 3111179 792261 382979 105211 409282 78071 27838 5917231 10068857 2156143 3272142 543639 256437 700000 51693 300000 2751475 4528579 X 3165756 5340278 200000 3165756 5540278 5917231 10068857 X 2376348 2403 -4226 -3 X 0 1 X 1 0 X 25576 11766 74317 1372 1755 114786 12772107 16387547 20153475 21033052 32373433 102719614 12797683 16399313 20227792 21034424 32375188 102834400 0 0 0 102834400 14412 -143 8539 5568 14549 42925 14412 -143 8539 5568 14549 42925 12812095 16399170 20236331 21039992 32389737 102877325 0.99960 0.99950 0.00040 0.00050 X 26378 3284 1541 283 27838 33744 -5470 1604 292 26378 32361 3213 1497 333 33744 30163 3962 1466 298 32361 27291 4595 1428 295 30163 1 0 792261 382979 409282 409282 X 32392140 2403 2403 32389737 0 32389737 30017616 0 30017616 -4226 -4226 30013390 PART V, LINE 4: IN 2014, THE ORGANIZATION INVESTED $20,000 OF UNRESTRICTED NET ASSETS WITH THE COMMUNITY FIRST FOUNDATION (COMMUNITY FIRST). COMMUNITY FIRST AGREED TO MATCH THE ORGANIZATION'S CONTRIBUTION BY 50% AS A TEMPORARY RESTRICTED ENDOWMENT TO SUPPORT THE MISSION OF THE ORGANIZATION. THE TOTAL INVESTED IN THE TEMPORARILY RESTRICTED ENDOWMENT WAS $30,000. THE ORGANIZATION IS ALLOWED TO USE THE INITIAL PRINCIPAL INVESTED AS WELL AS THE ANNUAL EARNINGS ON THE INVESTED AMOUNTS TO SUBSIDIZE OPERATIONS. PER THE SPENDING PROVISIONS OF THE ENDOWMENT FUND AGREEMENT, THE ORGANIZATION IS ALLOWED TO WITHDRAW UP TO 5% OF THE FAIR MARKET VALUE OF THE ENDOWMENT FUND FOR THE PRIOR 3 YEAR AVERAGE, CALCULATED ANNUALLY. THE DISTRIBUTIONS ARE NOT CUMULATIVE; THEREFORE, IF THE ORGANIZATION DOES NOT WITHDRAW THE ANNUAL 5%, THEY CANNOT TAKE OUT 10% IN THE SUBSEQUENT YEAR. THE BALANCE IN THE TEMPORARY RESTRICTED ENDOWMENT FUND AT DECEMBER 31, 2023 AND 2022 WAS $27,838 AND $26,378, RESPECTIVELY. IN ESTABLISHING A POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED INVESTMENT RETURN ON ITS ENDOWMENT AND ITS APPEAL TO INVESTORS AS A STABLE INVESTMENT. ACCORDINGLY, OVER THE LONG TERM, THE ORGANIZATION EXPECTS THE CURRENT DISTRIBUTION POLICY TO ALLOW ITS ENDOWMENT FUND TO SERVE THE NEEDS OF THE ORGANIZATION AND SERVE AS A STABLE, CONSISTENT, AND PREDICTABLE CASH FLOW. TO ACHIEVE THE OBJECTIVE, THE ORGANIZATION HAS ADOPTED THE INVESTMENT POLICIES OF COMMUNITY FIRST, WHICH ATTEMPTS TO MAXIMIZE TOTAL RETURN CONSISTENT WITH AN ACCEPTABLE LEVEL OF RISK. ENDOWMENT ASSETS ARE INVESTED BY COMMUNITY FIRST IN ACCORDANCE WITH PRUDENT INVESTMENT POLICIES AND OBJECTIVES OF INSTITUTIONAL FUNDS. COMMUNITY FIRST INVESTS IN DIVERSIFIED PORTFOLIOS OF CASH EQUIVALENTS, FIXED INCOME INVESTMENTS, ALTERNATIVE INVESTMENTS, AND EQUITIES AS DESCRIBED IN THEIR ONLINE INVESTMENT POLICY. INVESTMENT RISK IS MEASURED IN TERMS OF THE TOTAL ENDOWMENT FUND; INVESTMENT ASSETS AND ALLOCATION BETWEEN ASSET CLASSES AND STRATEGIES ARE MANAGED BY COMMUNITY FIRST TO NOT EXPOSE THE FUND TO UNACCEPTABLE LEVELS OF RISK. PART X, LINE 2: ICAST HAS ADOPTED THE PROVISIONS OF INCOME TAXES. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, ICAST APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. ICAST ANALYZED ITS TAX POSITIONS TAKEN ON THEIR FEDERAL TAX RETURNS FOR THE OPEN TAX YEARS 2020 THROUGH 2022. BASED ON THEIR ANALYSIS, ICAST DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT ICAST SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND EMPLOYEES ACKNOWLEDGE BY SIGNATURE THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY. INTERESTS THAT COULD GIVE RISE TO CONFLICT ARE DISCLOSED TO THE BOARD OF DIRECTORS AND, IF NECESSARY, DISCUSSED WITH LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS COMPARABILITY DATA, AND APPROVES THE COMPENSATION OF THE PRESIDENT/SECRETARY AS NEEDED AND DOCUMENTS ANY DISCUSSION OR CHANGES IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 9,679,115. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,679,115. UTILITY REBATES: PROGRAM SERVICE EXPENSES 9,195,908. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,195,908. MATERIALS: PROGRAM SERVICE EXPENSES 519,543. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 519,543. COS - OTHER: PROGRAM SERVICE EXPENSES 458,709. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 458,709. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 45,238. MANAGEMENT AND GENERAL EXPENSES 459,688. FUNDRAISING EXPENSES 24,766. TOTAL EXPENSES 529,692. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENT -3. MULTIFAMILY GREEN CONTRACTOR LLC 7400 W 14TH AVE 101 LAKEWOOD CO 802144234 852210244 CO 51693 TRIPLE BOTTOM LINE FOUNDATION 7400 W 14TH AVE STE 101 LAKEWOOD CO 802144252 841592286 SUPPORT SERVICES CO 501(C) LINE 7 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 TRIPLE BOTTOM LINE FOUNDATION E 300000 NOTE PAYABLE TRIPLE BOTTOM LINE FOUNDATION P 13217 INTEREST PAID TRIPLE BOTTOM LINE FOUNDATION K 74100 RENT PAID