Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $21,500,000

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $876,023 · excluded $876,023

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,320,804 · program services $2,320,804

• 11c · Fees: accounting

  total $39,752 · management and general $39,752

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 24a · Other expenses: BANK FEES

  total $2,500 · management and general $2,500

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,856,951 · end of year $16,195,981

• 2 · Savings and temporary cash investments

  beginning of year $12,414,048 · end of year $14,630,237

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,917 · end of year $417

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $6,500,000

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $0 · end of year $39,752

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $17,273,916 · end of year $37,286,883

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE organization's president is an employee of a related organization, Southern New Hampshire University, that determines his compensation. Compensation WAS SET BY AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES OF SNHU, AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION. DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• RETHINK EDUCATION SEED LP

  Excluded · INVESTMENTS · NY · share of income $0 · share of assets $0

  Directly controlled by NA

Related corporations and trusts

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

• SPLIT INTEREST TRUSTS (2)

  Trust · SUPPORT · NH · controlled entity

  Directly controlled by SNHU

• KENZIE ACADEMY ADMINISTRACAO E PARTICIPA

  C Corporation · ASSET MANAGEMENT · BR · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by SNHU

• HUMAN SYSTEMS INC

  C Corporation · EDUCATION AI · NH · 92.45% owned · share of income $171,224 · share of assets $1,604,686 · controlled entity

  Directly controlled by IMPACT ORG