Nonprofit · EIN 87-3986761
INVESTOR CHOICE ADVOCATES NETWORK
Tax-exempt · LOS ANGELES, CA 90013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $632,630 | $302,500 | $330,130 | $533,962 | $17,309 | $516,653 |
| December 31, 2023 | 990-EZ | $199,597 | $63,761 | $135,836 | $188,879 | $1,985 | $186,894 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $632,630
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $104,170
- Salaries, compensation and benefits (total)
- $125,963
- Professional fundraising fees
- $0
- Legal fees
- $65,223
- Travel
- $9,447
- Program services (functional)
- $170,212
- Management and general (functional)
- $39,993
- Fundraising (functional)
- $92,295
Balance sheet and other
- Total assets, start of year
- $188,879
- Total assets, end of year
- $533,962
- Total liabilities, end of year
- $17,309
- Net assets, end of year
- $516,653
- Net assets without donor restrictions
- $516,653
- Gross receipts
- $632,630
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK MORGAN | CHAIR Trustee or director, Officer | 40 | $95,639 |
| THOMAS A ZACCARO | SECRETARY Trustee or director, Officer | 1 | $0 |
| ELEANOR MERCADO | DIRECTOR Trustee or director | 1 | $0 |
| DARA ALBRIGHT | DIRECTOR Trustee or director | 1 | $0 |
| JORGE PESOK | DIRECTOR Trustee or director | 1 | $0 |
| DAVE BANERJEE | TREASURER Trustee or director, Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Debasish Banerjee | Treasurer | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 453 S SPRING ST STE 400, LOS ANGELES, CA 90013-2074
- In care of
- % NICOLAS MORGAN
- Principal officer (990 for 2024)
- NICOLAS MORGAN, 453 S SPRING ST 400, LOS ANGELES, CA 90013
- Signed the 990
- NICOLAS MORGAN, PRESIDENT
- Phone
- (312) 980-1197
- Website
- HTTPS://WWW.ICANLAW.ORG/
- Return prepared by
- WEISS & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 87-3986761 or by the name INVESTOR CHOICE ADVOCATES NETWORK.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ICAN'S MISSION IS TO BREAK DOWN BARRIERS TO ENTRY TO CAPITAL MARKETS AND PUSH BACK AGAINST THE OVERREACH OF THE SECURITIES AND EXCHANGE COMMISSION.
Program accomplishments
- PROVIDING PRO BONO LEGAL SERVICES, ENGAGE IN ACTION ADVOCACY IN THE FORM OF RULE MAKING AND STATUTORY COMMENT LETTER AND ENGAGE IN PUBLIC EDUCATION ADVOCACY.Expenses $170,212
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-3986761
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W20)
- Assets (IRS master file)
- $533,962
- Income (IRS master file)
- $632,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $632,630 | $302,500 | $533,962 | XML |
| 990-EZ | December 2023 | $199,597 | $63,761 | $188,879 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-3986761).
Questions about INVESTOR CHOICE ADVOCATES NETWORK
- What is the EIN of INVESTOR CHOICE ADVOCATES NETWORK?
- The employer identification number (EIN) of INVESTOR CHOICE ADVOCATES NETWORK is 87-3986761.
- Is INVESTOR CHOICE ADVOCATES NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to INVESTOR CHOICE ADVOCATES NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INVESTOR CHOICE ADVOCATES NETWORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INVESTOR CHOICE ADVOCATES NETWORK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INVESTOR CHOICE ADVOCATES NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INVESTOR CHOICE ADVOCATES NETWORK?
- The 990 for the year ended December 31, 2024 names NICOLAS MORGAN.
- Who are the officers and directors of INVESTOR CHOICE ADVOCATES NETWORK?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $95,639 (NICK MORGAN, CHAIR).
- How much revenue does INVESTOR CHOICE ADVOCATES NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $632,630, expenses of $302,500 and total assets of $533,962 at year end.
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