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If you have questions that are not covered below, contact us at InnerCity100@icic.org.
No. The Inner City 100 (IC100) is determined solely by revenue growth; profitability is not a consideration. We will be using your reported revenue to calculate your growth rate.
Not necessarily. We look at the overall four-year growth rate from 2018 through 2022 compared with that of the other IC100 applicants. Among last year’s IC100 winners, year-to-year declines were acceptable and common. However, your company should be reporting higher revenue numbers in 2022 than 2018 to be considered. Companies who show lower revenue in 2022 than in 2018 are not eligible for the award.
ICIC defines an under-resourced community as an area of concentrated poverty within city centers and secondary/gateway cities. When you submit the initial application, we will run your headquarters’ address to determine whether your company is located in an under-resourced community.
ICIC will publicize and distribute the list to media channels across the country. We will also provide a comprehensive communications toolkit that winners can use to announce and promote their achievement.
The extended application takes 20-30 minutes to complete. It contains questions related to:
Additionally, it requires the submission of revenue verification materials.
ICIC recommends that the highest-level senior executive fills out the extended application.
ICIC defines revenue as gross revenue, less returns, and allowances before any cost of goods sold. Revenues can be recorded on either a cash or accrual basis of accounting. However, your 2018 and 2022 revenue figures need to be recorded on the same basis, be under the same legal entity, and be consistent with revenue numbers shown in verification materials you submit as part of the extended application.
If you do not have a final figure for your 2022 revenue when you fill out the initial application, you may enter an estimate and provide us with the more precise figure when you submit your verification materials.
To ensure the integrity and credibility of the IC100 list, we carefully verify the 2018 and 2022 revenue numbers for every finalist.
There are three kinds of revenue verification. You only need to submit one.
We ask all applicants to submit their revenue figures for full calendar years. Companies with non-calendar fiscal years should complete our revenue verification form for verification, rather than tax forms or audits. Please make sure the revenue figures entered on the form are for calendar years 2018 and 2022.
The initial and extended applications ask for confidential business information, which ICIC uses to evaluate your eligibility for the IC100. All information and documents submitted at each stage of the application process will be fully protected. Access to them will be strictly limited to ICIC personnel and our auditing partner AAFCPAs. If your company becomes a 2023 IC100 winner, its 2022 revenue and four-year revenue growth rate will be published as part of your company profile.
The applications also ask for personal information such as the applicant’s name and contact information. We use your personal information for contact purposes. This personal information may be shared with ICIC program sponsors, nominating partners, and other program participants. You can opt out of having your personal information shared via the first two questions we ask in the extended application or by emailing InnerCity100@icic.org.
Once the 2023 IC100 award list is published, we will delete all tax returns that were submitted as part of the extended application process.
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