Nonprofit · EIN 93-1480493
ICARUS FOUNDATION INC
Tax-exempt · NEW YORK, NY 10025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $0 | $13,202 | -$13,202 | $15,268 | $28,470 | -$13,202 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $71
- Other expenses
- $13,131
- Program services (functional)
- $13,202
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $15,268
- Total liabilities, end of year
- $28,470
- Net assets, end of year
- -$13,202
- Cash, savings and investments
- $15,268
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MORRIS | President | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2700 BROADWAY APT 6C, NEW YORK, NY 10025-8743
- In care of
- % MICHAEL MORRIS
- Mailing address (990-N for 2022)
- 2700 BROADWAY - 6-C, NEW YORK NY 10025
- Principal officer (990-N for 2022)
- MICHAEL MORRIS, 2700 BROADWAY - 6C, NEW YORK NY 10025
- Signed the 990-EZ
- MICHAEL MORRIS, President
- Return prepared by
- WASSERMAN AMAXILATIS & WISE LLC
Mission
Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.
Program accomplishments
- Improve the quality of life of artists and their families through grants and scholarships, covering, but not limited to the cost of tuition, cost of materials, cost of living expenses and travel costs to museums, art galleries and exhibitions, which will enhance their existing knowledge and help to open new horizons. In addition, will provide the financial support to those artists struggling with addiction and cover treatment costs.Expenses $13,202
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 93-1480493
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $15,268
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $0 | $13,202 | $15,268 | XML |
| 990-N for 2022 Officer: MICHAEL MORRIS | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-1480493).
Questions about ICARUS FOUNDATION INC
- What is the EIN of ICARUS FOUNDATION INC?
- The employer identification number (EIN) of ICARUS FOUNDATION INC is 93-1480493.
- Is ICARUS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ICARUS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ICARUS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ICARUS FOUNDATION INC 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 ICARUS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ICARUS FOUNDATION INC?
- The 990-N for 2022 names MICHAEL MORRIS.
- Who are the officers and directors of ICARUS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does ICARUS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $0, expenses of $13,202 and total assets of $15,268 at year end.
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