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← IMPACTING TOMORROW INCORPORATED

Form 990 for tax year 2023

Filed by IMPACTING TOMORROW INCORPORATED.

Totals

Total revenue
$2,234,390
Total expenses
$1,482,677
Contributions and grants received
$2,166,612
Grants paid
$0
Program service revenue
$0
Investment income
$64,832
Other revenue
$2,946
Total assets, end of year
$2,740,110
Total liabilities, end of year
$3,499
Net assets or fund balances, end of year
$2,736,611
Program services expenses (Part IX)
$548,055
Management and general expenses
$934,622
Fundraising expenses
$0
Program service expenses (Part III)
$548,055

Program services were 37.0% 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

    $138,899

  • 1f · All other contributions, gifts and grants

    $2,027,713

  • 1g · Noncash contributions included above

    $280,645

  • 3 · Investment income

    total $64,832 · excluded $64,832

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $2,946 · excluded $2,946

  • 11e · Other revenue, total

    $2,946

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $97,928 · program services $46,712 · management and general $51,216

  • 10 · Payroll taxes

    total $7,491 · program services $3,584 · management and general $3,907

  • 11a · Fees: management

    total $8,409 · management and general $8,409

  • 11b · Fees: legal

    total $13,406 · management and general $13,406

  • 11c · Fees: accounting

    total $15,931 · management and general $15,931

  • 11g · Fees: other

    total $214 · management and general $214

  • 12 · Advertising and promotion

    total $505,093 · management and general $505,093

  • 13 · Office expenses

    total $19,470 · program services $2,868 · management and general $16,602

  • 16 · Occupancy

    total $117,009 · program services $3,505 · management and general $113,504

  • 19 · Conferences, conventions and meetings

    total $3,033 · program services $70 · management and general $2,963

  • 20 · Interest

    total $296 · management and general $296

  • 22 · Depreciation, depletion and amortization

    total $137,773 · management and general $137,773

  • 23 · Insurance

    total $22,118 · management and general $22,118

  • 24a · Other expenses: FOOD SUPPLIES

    total $444,658 · program services $444,658

  • 24b · Other expenses: SUPPLIES

    total $56,944 · program services $22,521 · management and general $34,423

  • 24c · Other expenses: VEHICLE EXPENSES

    total $15,404 · program services $9,137 · management and general $6,267

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $15,000 · program services $15,000

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $487,147 · end of year $431,336

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,000 · end of year $1,821,400

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

    $593,788

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

    $108,414

  • 10c · Land, buildings and equipment, net

    beginning of year $428,968 · end of year $485,374

  • 15 · Other assets

    beginning of year $2,000 · end of year $2,000

  • 25 · Other liabilities

    beginning of year $6,218 · end of year $3,499

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,911,897 · end of year $2,736,611

Mission and programs · 2023

Mission

TO MAKE A DIFFERENCE IN THE LIVES OF THOSE AROUND US AND HAVE A POSITIVE IMPACT ON THE WORLD.

  • FOOD MARKET WHICH OFFERS ITEMS SUCH AS FRESH PRODUCE, EGGS, MILK AND CHEESE, FROZEN MEATS, FRUITS, VEGETABLES, CANNED FRUITS, VEGETABLES, MEATS, PANTRY STAPLES SUCH AS FLOUR, CEREAL PRODUCTS, COOKIES, PASTAS AND SAUCES, FRESH BREAD, AND FROZEN PREPARED MEALS.

    Expenses $520,958

  • CLOTHING BOUTIQUE OFFERING MEN/WOMEN/CHILDREN CLOTHING, SHOES, NEW UNDERWEAR/SOCKS, JEWELRY, BAGS AND A VARIETY OF ITEMS THAT ARE OBTAINED FROM PARTICIPATING BUSINESSES.

    Expenses $27,097

As filed on the 2023 return.

Listed in Part VII

  • Kendal Tracy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Randy Baker

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    6

  • Elizabeth Tracy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Beth Rogers

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Daren Donohoo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Djantae McCommons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michelle Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • David Buffenbarger

    TREASURER

    Total calculated
    $0
    Hours/week
    10

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202530349349300743

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