2023-07-19T10:10:37-05:00 2022-12-31 455297192 RYAN GUNSAULS & O'DONNELL LLC 5590 E YALE AVE SUITE 201 DENVER CO 80222 990 2022-01-01 412139623 ICAST ICAS 8665904377 7400 W 14TH AVE 101 LAKEWOOD CO 80226 RAVI MALHOTRA PRESIDENT 3034624100 2023-07-12 1 RAVI MALHOTRA XXX-XX-XXXX 0 KATHERINE T MOELLER CPA P01270619 3037585558 2023-07-12 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAVI MALHOTRA 7400 W 14TH AVE 101 LAKEWOOD CO 80226 21039992 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. 8 8 117 8 0 0 74317 1372 20153475 21033052 8539 5568 0 0 20236331 21039992 0 0 0 0 5143237 6137494 0 0 282699 14276913 16247993 19420150 22385487 816181 -1345495 9165224 5917231 4647761 2751475 4517463 3165756 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 17738494 21033270 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. 17738494 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 54 0 1 117 1 0 0 0 0 0 0 0 0 0 0 X 8 8 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 264365 34145 0 BRUCE DINES TREASURER 1.00 1.00 X X 0 0 0 THOMAS AMDUR MEMBER 1.00 1.00 X 0 0 0 TARA ROLLINS MEMBER 1.00 1.00 X 0 0 0 KAMAL ALI MEMBER 1.00 1.00 X 0 0 0 BRENDT RUSTEN MEMBER 1.00 1.00 X 0 0 0 HOWARD GELLER MEMBER 1.00 1.00 X 0 0 0 264365 34145 0 1 0 1 0 GREEN PROPERTY SOLUTIONS 1380 SOUTH 400 WEST SALT LAKE CITY UT 84115 CONSTRUCTION SERVICES 735231 STRONG BUILT SOLAR & AIR 3540 PAN AMERICAN FREEWAY SUITE E ALBUQUERE NM 87107 CONSTRUCTION SERVICES 217979 TRUE BROTHERS LLC 7301 SOUTH 900 EATS SUITE 18 MIDVALE UT 84047 CONSTRUCTION SERVICES 206297 I-DEAL HVAC LLC 1010 ASPEN COURT LOS LUNAS NM 87031 CONSTRUCTION SERVICES 157317 ALL ABOUT HEATING AND COOLING LLC PO BOX 72334 ALBUQUERE NM 87195 CONSTRUCTION SERVICES 145996 5 1372 1372 FEES FOR SERVICE 541300 18642786 18642786 GOVERNMENT GRANTS 541300 2197857 2197857 FOUNDATION GRANTS 541300 141729 141729 OTHER INCOME 541300 50680 50680 21033052 5350 5350 218 0 218 218 218 21039992 21033270 0 5350 X 237365 75838 152198 9329 5009426 1600430 3211971 197025 471994 330632 127297 14065 418709 293297 112887 12525 12024 8847 2798 379 19956 14684 4644 628 14791198 14690809 88419 11970 173764 46916 121635 5213 469900 328932 126872 14096 105550 52510 50880 2160 91518 24710 64063 2745 2201 594 1540 67 32599 32599 60221 60221 198448 138914 53581 5953 COMMUNICATION 125352 33845 87746 3761 OTHER 104688 81181 22541 966 OUTREACH 60574 16355 42402 1817 22385487 17738494 4364294 282699 2842505 170099 50284 254949 5572820 4562299 25 5666 500414 740936 359155 253944 165432 105211 33744 78071 9165224 5917231 3149360 2156143 886012 543639 612389 0 51693 4647761 2751475 X 4517463 3165756 4517463 3165756 9165224 5917231 -1345495 -6212 0 X X 0 1 X 1 0 X 696477 25576 11766 74317 1372 809508 6412351 12772107 16387547 20153475 21033052 76758532 7108828 12797683 16399313 20227792 21034424 77568040 0 0 0 77568040 11598 14412 -143 8539 5568 39974 11598 14412 -143 8539 5568 39974 7120426 12812095 16399170 20236331 21039992 77608014 0.99950 0.99940 0.00050 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33744 -5470 1604 292 26378 32361 3213 1497 333 33744 30163 3962 1466 298 32361 27291 4595 1428 295 30163 30477 -1450 1433 304 27291 1 0 359155 253944 105211 105211 X 21242940 -6212 209160 202948 21039992 0 21039992 22594647 209160 209160 22385487 0 22385487 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, 2022 AND 2021 WAS $26,378 AND $33,744, 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 2019 THROUGH 2021. BASED ON THEIR ANALYSIS, ICAST DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT ICAST SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES. 0 0 0 0 0 0 0 0 0 RAVI MALHOTRA PRESIDENT/SECRETARY 264365 34145 0 0 0 0 0 0 0 0 264365 34145 0 0 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 9,092,062. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,092,062. UTILITY REBATES: PROGRAM SERVICE EXPENSES 4,151,990. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,151,990. MATERIALS: PROGRAM SERVICE EXPENSES 334,440. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 334,440. COS - OTHER: PROGRAM SERVICE EXPENSES 832,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 832,780. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 279,537. MANAGEMENT AND GENERAL EXPENSES 88,419. FUNDRAISING EXPENSES 11,970. TOTAL EXPENSES 379,926. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM PRIOR YEAR. MULTIFAMILY GREEN CONTRACTOR LLC 7400 W 14TH AVE 101 LAKEWOOD CO 802144234 852210244 GENERAL CONTRACTOR SERVICES CO 21000 163552 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 1 1 0 0 1 0 0 0 TRIPLE BOTTOM LINE FOUNDATION E 612389 NOTE PAYABLE TRIPLE BOTTOM LINE FOUNDATION P 32014 INTEREST PAID MULTIFAMILY GREEN CONTRACTOR LLC M 21000 CONSULTING MULTIFAMILY GREEN CONTRACTOR LLC L 39551 EXPENSES PAID TRIPLE BOTTOM LINE FOUNDATION K 81068 LEASE COST