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Nonprofiteer
← IMPACT COLLABORATIVE INC

Form 990 for tax year 2024

Filed by IMPACT COLLABORATIVE INC.

Totals

Total revenue
$4,082,724
Total expenses
$2,504,582
Contributions and grants received
$4,064,392
Grants paid
$0
Program service revenue
$18,332
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,801,388
Total liabilities, end of year
$1,214,246
Net assets or fund balances, end of year
$587,142
Program services expenses (Part IX)
$1,353,184
Management and general expenses
$907,283
Fundraising expenses
$244,115
Program service expenses (Part III)
$1,353,184

Program services were 54.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $4,055,418

  • 1f · All other contributions, gifts and grants

    $8,974

  • 1g · Noncash contributions included above

    $7,767

  • 2a · Program service revenue: SPONSOR MEMBER FEES

    total $18,332 · related or exempt $18,332

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $114,618 · management and general $114,618

  • 11c · Fees: accounting

    total $24,800 · management and general $24,800

  • 11e · Fees: professional fundraising services

    total $4,583 · fundraising $4,583

  • 11g · Fees: other

    total $1,000,591 · program services $490,410 · management and general $471,964 · fundraising $38,217

  • 12 · Advertising and promotion

    total $404 · program services $404

  • 13 · Office expenses

    total $12,414 · program services $10,532 · management and general $1,277 · fundraising $605

  • 14 · Information technology

    total $6,212 · program services $6,212

  • 16 · Occupancy

    total $192,019 · program services $192,019

  • 17 · Travel

    total $34,380 · program services $25,300 · management and general $9,080

  • 19 · Conferences, conventions and meetings

    total $9,844 · program services $9,844

  • 22 · Depreciation, depletion and amortization

    total $21,920 · program services $21,920

  • 23 · Insurance

    total $2,172 · program services $869 · management and general $847 · fundraising $456

  • 24a · Other expenses: ALLOCATED SALARIES

    total $997,151 · program services $526,135 · management and general $270,762 · fundraising $200,254

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $31,305 · program services $31,305

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,600 · program services $13,600

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $9,620 · program services $9,620

  • 24e · All other expenses

    total $28,949 · program services $15,014 · management and general $13,935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $811,202

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $205,418

  • 4 · Accounts receivable

    beginning of year $0 · end of year $18,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $8,343

  • 10a · Land, buildings and equipment: cost or other basis

    $82,200

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,920

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $60,280

  • 15 · Other assets

    beginning of year $0 · end of year $697,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $19,681

  • 25 · Other liabilities

    beginning of year $991,000 · end of year $1,194,565

  • 27 · Net assets without donor restrictions

    beginning of year -$991,000 · end of year $511,725

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $75,417

Mission and programs · 2024

Mission

THE IMPACT COLLABORATIVE'S MISSION IS TO CREATE AN ECOSYSTEM FOR COMMUNITY-BASED PROVIDERS AND PROVIDE SCALABLE, SUSTAINABLE SOLUTIONS THAT EMPOWER UNDER-RESOURCED CHILDREN AND FAMILIES TO THRIVE AND FULFILL THEIR POTENTIAL, WHICH SUPPORTS THE CHARITABLE MISSION OF THE CHILD CENTER OF NY.

Activities or mission (Part I)

SEE SCHEDULE O

  • IN FISCAL YEAR 2025, IMPACT COLLABORATIVE SUCCESSFULLY CREATED AN ECOSYSTEM FOR COMMUNITY-BASED SOCIAL SERVICE PROVIDERS THAT PROVIDE ACCESS TO OPERATIONAL SUPPORT AND CAPACITY-BUILDING TOOLS THAT ENABLE THOSE ORGANIZATIONS TO BETTER SERVE THEIR COMMUNITIES AND ALSO LAUNCED A PODCAST AND SOCIAL MEDIA PRESENCE THAT RAISED AWARENESS AROUND MENTAL HEALTH ISSUES, CO-PRODUCED MULTIMEDIA TOOLS THAT CAN ALSO BE USED TO RAISE AWARENESS OF MENTAL HEALTH ISSUES.

    Expenses $1,353,184 · Revenue $18,332

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Jay

    CHAIR

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Barbara Mulvee

    VICE CHAIR

    Total calculated
    $49,679
    From this org
    $0
    From related orgs
    $49,679
    Other
    $0
    Hours/week
    1 + 2 related

  • Kristin Amato

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Y Claire Wang Executive

    DIRECTOR (BOARD MEMB. THRU MAR 2025)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Traci Donnelly

    FOUNDER & PRESIDENT

    Total calculated
    $633,363
    From this org
    $0
    From related orgs
    $598,665
    Other
    $34,698
    Hours/week
    14 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $453,765 related
    Bonus
    $0 + $144,900 related
    Other
    $0
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $198 related
    Filer's total
    $0 + $633,363 related

  • Stephen Donowitz

    CO-FOUNDER AND CFAO

    Total calculated
    $422,693
    From this org
    $0
    From related orgs
    $384,795
    Other
    $37,898
    Hours/week
    7 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,771 related
    Bonus
    $0 + $66,024 related
    Other
    $0
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $3,398 related
    Filer's total
    $0 + $422,693 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4
THE ORGANIZATION'S FOUNDER & PRESIDENT AND CO-FOUNDER AND CHIEF FINANCIAL & ADMINISTRATIVE OFFICER WERE COMPENSATED BY A RELATED ORGANIZATION, THE CHILD CENTER OF NY, INC. THEIR COMPENSATION WAS DETERMINED THROUGH THE CHILD CENTER OF NY, INC.'S SALARY REVIEW PROCESS, WHICH INCLUDES A REVIEW BY THE COMPENSATION COMMITTEE OF THE ORGANIZATION. THIS REVIEW INCLUDED THE USE OF COMPARABILITY DATA FOR EXTERNAL COMPENSATION EQUITY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349310605

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