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Nonprofiteer
← IMPACT EXPERIENCE INSTITUTE

Form 990 for tax year 2023

Filed by IMPACT EXPERIENCE INSTITUTE.

Totals

Total revenue
$504,910
Total expenses
$1,195,058
Contributions and grants received
$307,144
Grants paid
$10,000
Program service revenue
$177,988
Investment income
$19,778
Other revenue
$0
Total assets, end of year
$2,022,741
Total liabilities, end of year
$3,838
Net assets or fund balances, end of year
$2,018,903
Program services expenses (Part IX)
$1,006,307
Management and general expenses
$119,212
Fundraising expenses
$69,539
Program service expenses (Part III)
$1,006,307

Program services were 84.2% 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.

  • 1f · All other contributions, gifts and grants

    $307,144

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $177,988 · related or exempt $177,988

  • 3 · Investment income

    total $19,778 · excluded $19,778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $352,502 · program services $295,641 · management and general $29,651 · fundraising $27,210

  • 7 · Other salaries and wages

    total $323,463 · program services $250,087 · management and general $38,263 · fundraising $35,113

  • 10 · Payroll taxes

    total $46,531 · program services $35,808 · management and general $5,725 · fundraising $4,998

  • 11b · Fees: legal

    total $15,150 · program services $15,150

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11g · Fees: other

    total $271,919 · program services $257,508 · management and general $14,411

  • 12 · Advertising and promotion

    total $7,724 · program services $1,806 · management and general $5,918

  • 13 · Office expenses

    total $39,323 · program services $21,431 · management and general $17,892

  • 17 · Travel

    total $119,158 · program services $118,876 · management and general $282

  • 22 · Depreciation, depletion and amortization

    total $1,030 · management and general $1,030

  • 23 · Insurance

    total $2,009 · management and general $2,009

  • 24a · Other expenses: BANK CHARGES

    total $3,249 · management and general $1,031 · fundraising $2,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $512,675 · end of year $754,456

  • 2 · Savings and temporary cash investments

    beginning of year $921,703 · end of year $958,425

  • 3 · Pledges and grants receivable

    end of year $5,221

  • 4 · Accounts receivable

    beginning of year $1,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,830 · end of year $11,565

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

    $3,090

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

    $1,030

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,060

  • 11 · Investments: publicly traded securities

    beginning of year $242,371 · end of year $291,014

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,566 · end of year $3,838

  • 19 · Deferred revenue

    beginning of year $10,616

  • 27 · Net assets without donor restrictions

    beginning of year $928,552 · end of year $914,289

  • 28 · Net assets with donor restrictions

    beginning of year $1,731,845 · end of year $1,104,614

Mission and programs · 2023

Mission

BUILDS BRIDGES BETWEEN FUNDERS, ARTISTS, ENTREPRENEURS & MARGINALIZED COMMUNITIES. SPEARHEADS BUSINESS CLIMATE FINANCE INITIATIVE, WORKING WITH COMPANIES TO DECARBONIZE CORPORATE FINANCIAL SUPPLY CHAINS WITH A JEDI LENS.

Activities or mission (Part I)

BUILDS BRIDGES BETWEEN FUNDERS, ARTISTS, ENTREPRENEURS & MARGINALIZED COMMUNITIES.

  • WORKING WITH ORGANIZATIONS AND INDIVIDUALS TO ENGAGE AROUND KEY TOPICS OF BIAS REDUCTION AND RACIAL JUSTICE IN CLIMATE, HEALTHCARE, FINANCE AND EDUCATION IN PARTICULAR.

    Expenses $1,006,307 · Grants $10,000 · Revenue $177,988

As filed on the 2023 return.

Listed in Part VII

  • Jenna Nicholas

    DIRECTOR & CHIEF EXECUTIVE OFFICER

    Total calculated
    $180,002
    From this org
    $180,002
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,002
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,002

  • Amanda Greco

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jennifer Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Radhika Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Silby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Olabayo Allen-Taylor

    CHIEF OPERATING OFFICER

    Total calculated
    $171,500
    From this org
    $171,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,500
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $171,500

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

  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202422849349301827

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