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Nonprofiteer
← PHILANTHROPIC IMPACT FOUNDATION

Form 990 for tax year 2022

Filed by PHILANTHROPIC IMPACT FOUNDATION.

Totals

Total revenue
$29,657,046
Total expenses
$26,654,667
Contributions and grants received
$29,610,263
Grants paid
$25,767,269
Program service revenue
$0
Investment income
$46,783
Other revenue
$0
Total assets, end of year
$3,922,226
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,922,226
Program services expenses (Part IX)
$25,767,269
Management and general expenses
$887,398
Fundraising expenses
$0
Program service expenses (Part III)
$25,767,269

Program services were 96.7% 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

    $29,610,263

  • 3 · Investment income

    total $46,783 · excluded $46,783

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,767,269 · program services $25,767,269

  • 11a · Fees: management

    total $833,570 · management and general $833,570

  • 11g · Fees: other

    total $1,568 · management and general $1,568

  • 23 · Insurance

    total $65 · management and general $65

  • 24a · Other expenses: LEGAL AND PROFESSIONAL

    total $51,859 · management and general $51,859

  • 24b · Other expenses: MAIL AND POSTAGE

    total $261 · management and general $261

  • 24c · Other expenses: OFFICE SUPPLIES AND SOF

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $919,847 · end of year $3,922,226

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $919,847 · end of year $3,922,226

Mission and programs · 2022

Mission

PHILANTHROPIC IMPACT FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION THAT PROVIDES A LEGAL STRUCTURE UNDER WHICH CHARITABLE PROGRAMS MAY OPERATE, ACTING AS FISCAL SPONSOR.

  • ADVERSE CHILDHOOD EXPERIENCES - OR ACES - DIRECTLY IMPACT TWO OUT OF THREE ADULTS IN THE UNITED STATES, AND ABOUT 1 IN 6 ADULTS EXPERIENCE FOUR OR MORE ACES. ACES AND TOXIC STRESS ARE ASSOCIATED WITH OVER 40 COMMON, COSTLY HEALTH CONDITIONS (LIKE HEART DISEASE, CANCER, STROKE, DEPRESSION, ANXIETY) AND ARE ASSOCIATED WITH AT LEAST 8 OF THE 10 LEADING CAUSES OF DEATH IN THE US. ALONG WITH COSTLY HEALTH CONDITIONS AND PREVENTABLE SUFFERING, ACES CAN HAVE NEGATIVE IMPACTS ON EDUCATIONAL, LEARNING, WORKPLACE, RELATIONSHIP, AND FAMILY OUTCOMES, AS WELL FINANCIAL COSTS INTO THE BILLIONS ANNUALLY. LEADING HEALTH EXPERTS BELIEVE ACES AND TOXIC STRESS TO BE ONE OF THE BIGGEST UNADDRESSED PUBLIC HEALTH CHALLENGES IN THE NATION.

    Expenses $8,649,723 · Grants $8,649,723

  • THE SKILLED TRADES INITIATIVE'S GOAL IS TO BRING AN UPSWELL OF TEENS AND YOUNG ADULTS INTO SKILLED TRADE CAREERS. IN CONJUNCTION WITH 'SKILLS USA AND THROUGH TWO PRINCIPLE PROGRAMS: THE 'SKILLS JAM' EPISODIC SERIES AND THE 'SKILLED CAREERS COALITION', THE SKILLED TRADES INITIATIVE IS EXPOSING TEENAGERS, PARENTS AND SCHOOL GUIDANCE COUNSELORS TO THE OPPORTUNITIES AND BENEFITS OF CAREERS IN A SKILLED TRADE.

    Expenses $4,022,975 · Grants $4,022,975

  • JUBILEE IS THE PROGRAM NAME FOR AN INITIATIVE IN JASPER COUNTY, SOUTH CAROLINA THAT IS LOOKING TO INCREASE EDUCATIONAL, EMPLOYMENT AND COMMUNITY OPPORTUNITIES FOR RESIDENTS IN AN EFFORT TO HELP LIFT EXISTING RESIDENTS AND FUTURE GENERATIONS OUT OF POVERTY. THE PROGRAM HAS EXTENSIVE GOALS AND INCLUDES ACTIVITIES THAT RANGE FROM THE CREATION OF A NURSERY SCHOOL AND AN ELEMENTARY CHARTER SCHOOL, SUPPORT FOR EXISTING COMMUNITY PROGRAMS, ACTIVATION OF PROGRAMS PROPOSED VIA THE COMMUNITY, RESEARCH INTO THE CREATION OF NEW PROGRAMS THAT SUPPORT THE NEEDS OF THE COMMUNITY, ENGAGEMENT OF COMMUNITY LEADERS, AND THE POTENTIAL PURCHASE, LEASING AND IMPROVEMENT OF LAND AND PROPERTIES FOR ABOVE STATED PURPOSES.

    Expenses $3,390,150 · Grants $3,390,150

  • Expenses $9,704,421 · Grants $9,704,421

As filed on the 2022 return.

Listed in Part VII

  • KENT E SETON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349316052

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