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Nonprofiteer
← IMPACTASSETS INC

Form 990 for tax year 2024

Filed by IMPACTASSETS INC.

Totals

Total revenue
$680,266,004
Total expenses
$627,276,057
Contributions and grants received
$599,427,771
Grants paid
$591,997,031
Program service revenue
$2,623,834
Investment income
$78,210,323
Other revenue
$4,076
Total assets, end of year
$3,002,686,264
Total liabilities, end of year
$43,028,154
Net assets or fund balances, end of year
$2,959,658,110
Program services expenses (Part IX)
$606,016,171
Management and general expenses
$18,933,144
Fundraising expenses
$2,326,742
Program service expenses (Part III)
$606,016,171

Program services were 96.6% 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

    $599,427,771

  • 1g · Noncash contributions included above

    $174,782,473

  • 2a · Program service revenue: ADMINISTRATIVE INCOME

    total $1,695,967 · related or exempt $1,695,967

  • 2b · Program service revenue: FEE INCOME

    total $927,867 · related or exempt $927,867

  • 3 · Investment income

    total $78,796,612 · unrelated business -$41,633 · excluded $78,838,245

  • 5 · Royalties

    total $4,076 · unrelated business $4,076

  • 7a · Gross sales of assets other than inventory

    securities $1,170,542,612

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

    securities $1,171,128,901

  • 7c · Gain or loss

    securities -$586,289

  • 7d · Net gain or loss

    total -$586,289 · excluded -$586,289

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $587,411,247 · program services $587,411,247

  • 3 · Grants to foreign organizations and individuals

    total $4,585,784 · program services $4,585,784

  • 5 · Compensation of officers, directors and key employees

    total $593,537 · program services $74,737 · management and general $361,379 · fundraising $157,421

  • 7 · Other salaries and wages

    total $6,709,792 · program services $557,887 · management and general $4,643,002 · fundraising $1,508,903

  • 8 · Pension plan contributions

    total $441,491 · program services $55,591 · management and general $268,805 · fundraising $117,095

  • 9 · Other employee benefits

    total $546,340 · program services $68,794 · management and general $332,643 · fundraising $144,903

  • 10 · Payroll taxes

    total $510,144 · program services $64,236 · management and general $310,605 · fundraising $135,303

  • 11b · Fees: legal

    total $623,325 · program services $278,416 · management and general $344,909

  • 11c · Fees: accounting

    total $157,754 · program services $70,463 · management and general $87,291

  • 11f · Fees: investment management

    total $9,404,728 · management and general $9,404,728

  • 11g · Fees: other

    total $8,235,365 · program services $7,021,072 · management and general $1,214,293

  • 13 · Office expenses

    total $92,326 · program services $874 · management and general $75,905 · fundraising $15,547

  • 14 · Information technology

    total $972,641 · management and general $744,075 · fundraising $228,566

  • 16 · Occupancy

    total $71,197 · program services $62 · management and general $56,160 · fundraising $14,975

  • 17 · Travel

    total $515,702 · program services $11,981 · management and general $503,721

  • 19 · Conferences, conventions and meetings

    total $170,290 · program services $1,029 · management and general $169,261

  • 20 · Interest

    total $148,719 · management and general $148,719

  • 22 · Depreciation, depletion and amortization

    total $23,923 · program services $226 · management and general $19,668 · fundraising $4,029

  • 23 · Insurance

    total $53,360 · program services $1,259 · management and general $52,101

  • 24a · Other expenses: DAF LOAN LOSS EXPENSE

    total $5,779,509 · program services $5,779,509

  • 24b · Other expenses: DUES & REGISTRATIONS

    total $117,173 · program services $708 · management and general $116,465

  • 24c · Other expenses: COMMISSIONS

    total $75,106 · program services $32,296 · management and general $42,810

  • 24d · Other expenses: TAXES & LICENSES

    total $36,604 · management and general $36,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $147,217,165 · end of year $84,264,419

  • 2 · Savings and temporary cash investments

    beginning of year $304,209,533 · end of year $327,144,616

  • 3 · Pledges and grants receivable

    beginning of year $732,750 · end of year $8,147,996

  • 7 · Other notes and loans receivable

    beginning of year $196,464,707 · end of year $298,437,740

  • 9 · Prepaid expenses and deferred charges

    beginning of year $401,898 · end of year $436,437

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

    $229,955

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

    $214,460

  • 10c · Land, buildings and equipment, net

    beginning of year $34,118 · end of year $15,495

  • 11 · Investments: publicly traded securities

    beginning of year $1,183,123,036 · end of year $990,860,812

  • 12 · Investments: other securities

    beginning of year $1,086,450,937 · end of year $1,283,860,350

  • 15 · Other assets

    beginning of year $7,426,369 · end of year $9,518,399

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,248,525 · end of year $38,787,451

  • 18 · Grants payable

    beginning of year $459,247 · end of year $0

  • 19 · Deferred revenue

    beginning of year $23,482 · end of year $22,869

  • 24 · Unsecured notes and loans payable

    beginning of year $4,737,643 · end of year $4,217,834

  • 27 · Net assets without donor restrictions

    beginning of year $2,839,211,824 · end of year $2,958,503,437

  • 28 · Net assets with donor restrictions

    beginning of year $1,379,792 · end of year $1,154,673

Mission and programs · 2024

Mission

THE MISSION OF THIS CORPORATION IS TO BE THE PREEMINENT PARTNER FOR IMPACT INVESTING AND CHARITABLE GIVING, HELPING US ALL ACHIEVE OUR GREATEST IMPACT.

  • IMPACTASSETS FACILITATES FUNDING TO ENTITIES, GROUPS OR PROJECTS THAT CREATE POSITIVE IMPACT BY PROVIDING DONORS AND INVESTORS WITH PRODUCTS, SERVICES, AND ADVICE, INCLUDING BUT NOT LIMITED TO PHILANTHROPIC GIVING, IMPACT INVESTING, EDUCATION, AND PROGRAMMING. IMPACTASSETS DONOR ADVISED FUND IS A WAY FOR DONORS TO MAXIMIZE THEIR IMPACT THROUGH BOTH GRANTS AND INVESTMENTS. THE IMPACTASSETS INVESTMENT PLATFORM AND CLIENT RECOMMENDED INVESTMENT SERVICE OFFER A WIDE RANGE OF INVESTMENT OPPORTUNITIES SPANNING IMPACT THEMES AND INVESTMENT VEHICLES, AND ARE UNIQUELY AVAILABLE TO IMPACTASSETS DONOR ADVISED FUND CLIENTS.

    Expenses $606,016,171 · Grants $591,997,031 · Revenue $2,270,021

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Margret Trilli

    CEO & CIO

    Total calculated
    $502,035
    From this org
    $217,238
    From related orgs
    $221,770
    Other
    $63,027
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $217,238 + $221,770 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800 + $13,800 related
    Nontaxable benefits
    $35,427
    Filer's total
    $266,465 + $235,570 related

  • Alice Lowenstein

    CHIEF OPERATING OFFICER

    Total calculated
    $451,510
    From this org
    $392,307
    From related orgs
    $0
    Other
    $59,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,307
    Bonus
    $90,000
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $31,603
    Filer's total
    $451,510

  • Timothy Freundlich

    FOUNDER, ED, STRATEGIC PARTNER

    Total calculated
    $398,086
    From this org
    $370,247
    From related orgs
    $0
    Other
    $27,839
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $337,900
    Bonus
    $32,347
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $239
    Filer's total
    $398,086

  • Ivy Duke

    GENERAL COUNSEL

    Total calculated
    $379,642
    From this org
    $319,949
    From related orgs
    $0
    Other
    $59,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,822
    Bonus
    $36,127
    Other
    $0
    Deferred
    $26,220
    Nontaxable benefits
    $33,473
    Filer's total
    $379,642

  • Dana Cotter

    MANAGING DIRECTOR, IMPACT

    Total calculated
    $336,271
    From this org
    $304,181
    From related orgs
    $0
    Other
    $32,090
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,181
    Bonus
    $86,000
    Other
    $0
    Deferred
    $24,411
    Nontaxable benefits
    $7,679
    Filer's total
    $336,271

  • Surin Ramkissoon

    TREASURER & MANAGING DIRECTOR, FINANCE

    Total calculated
    $292,255
    From this org
    $249,970
    From related orgs
    $0
    Other
    $42,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,470
    Bonus
    $22,500
    Other
    $0
    Deferred
    $20,574
    Nontaxable benefits
    $21,711
    Filer's total
    $292,255

  • Deborah Parsons

    MANAGING DIRECTOR, BUSINESS DEVELOPMENT & CLIENT E

    Total calculated
    $285,209
    From this org
    $261,264
    From related orgs
    $0
    Other
    $23,945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,150
    Bonus
    $23,114
    Other
    $0
    Deferred
    $21,569
    Nontaxable benefits
    $2,376
    Filer's total
    $285,209

  • Daniel Skaff

    CHAIR-ELECT

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Liesbet Peeters

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kim Wright-Violich

    SECRETARY

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ian Fuller

    DIRECTOR

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lauren Booker Allen

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Liesel Pritzker Simmons

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

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 · 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

The filer's explanations (Part III)

FORM 990, PART VII & SCHEDULE J, PART II:
THE ORGANIZATION'S STAFF LIVE AND WORK IN VARIOUS LOCALITIES THROUGHOUT THE COUNTRY. COMPENSATION PAID IS DETERMINED ON THE BASIS OF A DATA-DRIVEN APPROACH, BASED IN PART ON COST OF LIVING IN EACH EMPLOYEE'S BASE LOCATION.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IMPACT ASSETS EMERGING MARKETS CLIMATE LLC

    INVESTMENT · DE · income $0 · assets $712,418

    Directly controlled by IMPACTASSETS INC

  • PEP HOLDCO LLC

    INVESTMENT · DE · income $0 · assets $672,680

    Directly controlled by IMPACTASSETS INC

Related partnerships

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

  • AIIM OCEAN PLUS FUND LP

    INVESTMENT · INVESTMENT · CA · 98.8% owned · share of income -$40,964 · share of assets $702,425

  • AIIM OCEAN PLUS FUND II LP

    INVESTMENT · INVESTMENT · CA · 100% owned · share of income -$66,977 · share of assets $2,490,357

  • CALLIPOLIS NEUROTECHNOLOGIES LLC

    INVESTMENT · INVESTMENT · CA · 93.92% owned · share of income $134,315 · share of assets $3,864,862

  • CARING IN HEALTHCARE LLC

    INVESTMENT · INVESTMENT · CA · 99.98% owned · share of income -$810,090 · share of assets $90,212,525

  • THIN LINE CAPITAL SPV3 LLC

    INVESTMENT · INVESTMENT · CA · 74.17% owned · share of income $5,704 · share of assets $1,418,469

  • UPRISING LTSE LLC

    INVESTMENT · INVESTMENT · CA · 75% owned · share of income -$24,933 · share of assets $4,370,013

  • VERY SERIOUS VENTURES LP - A1

    INVESTMENT · INVESTMENT · WA · 100% owned · share of income -$85,304 · share of assets $216,897

  • VERY SERIOUS VENTURES LP - B2

    INVESTMENT · INVESTMENT · WA · 64.89% owned · share of income -$56,310 · share of assets $233,928

  • VERY SERIOUS VENTURES LP - B3

    INVESTMENT · INVESTMENT · WA · 77.79% owned · share of income -$32,134 · share of assets $144,309

  • VERY SERIOUS VENTURES LP - B4

    INVESTMENT · INVESTMENT · WA · 67.7% owned · share of assets $215,558

  • VERY SERIOUS VENTURES LP - C1

    INVESTMENT · INVESTMENT · WA · 99.17% owned · share of income -$25,508 · share of assets $150,857

  • VERY SERIOUS VENTURES LP - C2

    INVESTMENT · INVESTMENT · WA · 99.34% owned · share of income -$13,673 · share of assets $259,094

  • VERY SERIOUS VENTURES LP - C3

    INVESTMENT · INVESTMENT · WA · 99.43% owned · share of income -$225 · share of assets $144,255

  • VERY SERIOUS VENTURES LP - C4

    INVESTMENT · INVESTMENT · WA · 99.12% owned · share of assets $202,330

Related corporations and trusts

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

  • IMPACTASSETS HOLDING PB LLC

    C · BUSINESS SUPPORT SERVICES · WA · 100% owned · share of income $6,783,938 · share of assets $2,091,882 · controlled entity

    Directly controlled by IMPACTASSETS INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543169349307999

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