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Nonprofiteer
← IMPACT INVESTING CHARITABLE FOUNDATION INC

Form 990 for tax year 2022

Filed by IMPACT INVESTING CHARITABLE FOUNDATION INC.

Totals

Total revenue
$125,350,864
Total expenses
$104,834,432
Contributions and grants received
$123,879,493
Grants paid
$101,958,849
Program service revenue
$12,513
Investment income
$1,402,786
Other revenue
$56,072
Total assets, end of year
$78,989,966
Total liabilities, end of year
$380,402
Net assets or fund balances, end of year
$78,609,564
Program services expenses (Part IX)
$103,990,430
Management and general expenses
$709,299
Fundraising expenses
$134,703
Program service expenses (Part III)
$103,990,430

Program services were 99.2% 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

    $52,092,875

  • 1f · All other contributions, gifts and grants

    $71,786,618

  • 1g · Noncash contributions included above

    $687,838

  • 2a · Program service revenue: PROGRAM RELATED INVESTMENTS

    total $12,513 · related or exempt $12,513

  • 3 · Investment income

    total $1,021,810 · unrelated business $54,840 · excluded $966,970

  • 5 · Royalties

    total $130 · excluded $130

  • 7a · Gross sales of assets other than inventory

    securities $380,976

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $380,976

  • 7d · Net gain or loss

    total $380,976 · excluded $380,976

  • 11a · Other revenue: TAX REFUNDS

    total $55,942 · related or exempt $55,942

  • 11e · Other revenue, total

    $55,942

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,942,149 · program services $101,942,149

  • 3 · Grants to foreign organizations and individuals

    total $16,700 · program services $16,700

  • 5 · Compensation of officers, directors and key employees

    total $687,226 · program services $343,613 · management and general $222,664 · fundraising $120,949

  • 7 · Other salaries and wages

    total $553,465 · program services $399,108 · management and general $151,371 · fundraising $2,986

  • 8 · Pension plan contributions

    total $16,954 · program services $11,866 · management and general $5,088

  • 10 · Payroll taxes

    total $82,827 · program services $49,696 · management and general $22,363 · fundraising $10,768

  • 11b · Fees: legal

    total $5,058 · management and general $5,058

  • 11c · Fees: accounting

    total $84,000 · management and general $84,000

  • 11f · Fees: investment management

    total $70,919 · management and general $70,919

  • 11g · Fees: other

    total $285,897 · program services $143,881 · management and general $142,016

  • 12 · Advertising and promotion

    total $2,928 · program services $2,928

  • 13 · Office expenses

    total $54,149 · program services $52,534 · management and general $1,615

  • 14 · Information technology

    total $335,078 · program services $335,078

  • 17 · Travel

    total $98,503 · program services $98,503

  • 19 · Conferences, conventions and meetings

    total $103,196 · program services $103,196

  • 23 · Insurance

    total $4,205 · management and general $4,205

  • 24a · Other expenses: PROGRAM EXPENSE

    total $416,001 · program services $416,001

  • 24b · Other expenses: LOSS ON SUBSIDIARY

    total $70,400 · program services $70,400

  • 24c · Other expenses: PROFESSIONAL DUES/SUBSC

    total $3,007 · program services $3,007

  • 24d · Other expenses: MISCELLANEOUS

    total $1,770 · program services $1,770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $517,950 · end of year $879,759

  • 2 · Savings and temporary cash investments

    beginning of year $45,486,167 · end of year $55,159,751

  • 4 · Accounts receivable

    end of year $886,644

  • 7 · Other notes and loans receivable

    beginning of year $262,173

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,530

  • 11 · Investments: publicly traded securities

    beginning of year $3,471,941 · end of year $16,302,838

  • 12 · Investments: other securities

    beginning of year $8,264,034 · end of year $5,075,000

  • 13 · Investments: program-related

    beginning of year $1,544,369 · end of year $636,205

  • 15 · Other assets

    beginning of year $45,899 · end of year $49,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,766 · end of year $266,947

  • 19 · Deferred revenue

    beginning of year $113,455 · end of year $113,455

  • 27 · Net assets without donor restrictions

    beginning of year $59,319,842 · end of year $78,609,564

Mission and programs · 2022

Mission

INVESTING CHARITABLE CAPITAL TO CREATE ECONOMIC, SOCIAL, AND SPIRITUAL TRANSFORMATION

  • THE ORGANIZATION FUNDS PROJECTS WITH A CHARITABLE PURPOSE OR A MISSION THAT ALIGNS WITH CHARITABLE CAUSES IN ADDITION TO PROVIDING A RETURN FOR FUTURE GRANTMAKING ACTIVITIES TO CHARITABLE ORGANIZATIONS.

    Expenses $103,990,430 · Grants $101,958,849 · Revenue $68,455

As filed on the 2022 return.

Listed in Part VII

  • Jeffrey Johns

    CEO

    Total calculated
    $244,289
    From this org
    $238,225
    From related orgs
    $0
    Other
    $6,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,225
    Bonus
    $0
    Other
    $0
    Deferred
    $6,064
    Nontaxable benefits
    $0
    Filer's total
    $244,289

  • Aimee Minnich

    CIO

    Total calculated
    $239,505
    From this org
    $233,625
    From related orgs
    $0
    Other
    $5,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,625
    Bonus
    $0
    Other
    $0
    Deferred
    $5,880
    Nontaxable benefits
    $0
    Filer's total
    $239,505

  • Craig Chapman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • April Chapman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Jonathan Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • David Wills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Greg Lernihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Tony Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Suzanne Daniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Steve Doerr

    COO

    Total calculated
    $203,431
    From this org
    $198,439
    From related orgs
    $0
    Other
    $4,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,439
    Bonus
    $0
    Other
    $0
    Deferred
    $4,992
    Nontaxable benefits
    $0
    Filer's total
    $203,431

  • Phillip Bruce

    FINANCE

    Total calculated
    $120,809
    From this org
    $116,611
    From related orgs
    $0
    Other
    $4,198
    Hours/week
    40

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SERVINGLYNK SOFTWARE INC

    C · OWNER OF INTELLECTUAL PROPERTY LICENSED TO OTHER ORGANIZATIONS · FL · 100% owned · share of income -$70,400 · controlled entity

    Directly controlled by IMPACT INVESTING CHARITABLE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349309745

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