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← IMPACT INVESTING CHARITABLE TRUST

Form 990 for tax year 2022

Filed by IMPACT INVESTING CHARITABLE TRUST.

Totals

Total revenue
$94,822,089
Total expenses
$91,167,369
Contributions and grants received
$88,896,621
Grants paid
$74,314,324
Program service revenue
$929,375
Investment income
$4,996,093
Other revenue
$0
Total assets, end of year
$204,118,299
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$204,118,299
Program services expenses (Part IX)
$91,058,291
Management and general expenses
$109,078
Fundraising expenses
$0
Program service expenses (Part III)
$91,058,291

Program services were 99.9% 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

    $88,448,346

  • 1f · All other contributions, gifts and grants

    $448,275

  • 1g · Noncash contributions included above

    $4,118,666

  • 2a · Program service revenue: PROGRAM INTEREST INCOME

    total $905,575 · related or exempt $905,575

  • 2b · Program service revenue: PROGRAM RENTAL INCOME

    total $23,800 · related or exempt $23,800

  • 3 · Investment income

    total $1,844,345 · unrelated business $207,871 · excluded $1,636,474

  • 7a · Gross sales of assets other than inventory

    other assets $3,151,748

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

    other assets $0

  • 7c · Gain or loss

    other assets $3,151,748

  • 7d · Net gain or loss

    total $3,151,748 · excluded $3,151,748

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,314,324 · program services $74,314,324

  • 11a · Fees: management

    total $432 · program services $432

  • 13 · Office expenses

    total $6,811 · program services $68 · management and general $6,743

  • 16 · Occupancy

    total $6,025 · program services $6,025

  • 22 · Depreciation, depletion and amortization

    total $15,579 · program services $15,579

  • 24a · Other expenses: EQUITY INVESTMENT LOSSE

    total $10,493,048 · program services $10,493,048

  • 24b · Other expenses: PRI LOANS FORGIVEN

    total $4,977,456 · program services $4,977,456

  • 24c · Other expenses: ALLOWANCE FOR UNCOLLECT

    total $1,251,359 · program services $1,251,359

  • 24d · Other expenses: FEDERAL/STATE TAXES PAI

    total $98,566 · management and general $98,566

  • 24e · All other expenses

    total $3,769 · management and general $3,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,591 · end of year $715,146

  • 4 · Accounts receivable

    end of year $1,504

  • 7 · Other notes and loans receivable

    beginning of year $8,458,985 · end of year $13,967,737

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

    $504,043

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

    $77,898

  • 10c · Land, buildings and equipment, net

    beginning of year $1,608,856 · end of year $426,145

  • 11 · Investments: publicly traded securities

    beginning of year $165,252 · end of year $0

  • 12 · Investments: other securities

    beginning of year $142,946,998 · end of year $102,376,990

  • 13 · Investments: program-related

    beginning of year $59,411,384 · end of year $85,448,679

  • 15 · Other assets

    beginning of year $890,627 · end of year $1,182,098

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,698 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $213,600,995 · end of year $204,118,299

Mission and programs · 2022

Mission

INVESTING CHARITABLE CAPITAL TO CREATE ECONOMIC, SOCIAL, AND SPIRITUAL TRANSFORMATION

  • THE ORGANIZATION FUNDS PROJECTS WITH A CHARITABLE PURPOSE OR A MISSION THAT ALIGNS WITH CHARITABLE CAUSES IN ADDITION TO PROVIDING A RETURN FOR FUTURE GRANTMAKING ACTIVITIES TO CHARITABLE ORGANIZATIONS.

    Expenses $91,058,291 · Grants $74,314,324 · Revenue $929,375

As filed on the 2022 return.

Listed in Part VII

  • Impact Investing Charitable Fdn Inc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Delaware Trust Company

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aimee Minnich

    CIO

    Total calculated
    $239,505
    From this org
    $0
    From related orgs
    $233,625
    Other
    $5,880
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,625 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,880 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $239,505 related

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

None.

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)

PART I, LINE 3
THE RELATED ORGANIZATION USES A COMPENSATION COMMITTEE, FORM 990'S OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE CEO AND CIO. THE BOARD APPROVES THE COMPENSATION.

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

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.

  • CHESTNUT IMPACT LLC

    RENTAL PROPERTY · KY · income $20,800 · assets $498,364

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • PORTLAND VISION LLC

    RENTAL PROPERTY · KY · income $3,000 · assets $636,744

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

Related partnerships

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

  • ADL HOLDING LLC

    RELATED · POVERTY ALLEVIATION · GA · 98% owned · share of income -$20,979 · share of assets $1,251,087

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ANOMALY MANAGEMENT LLC

    UNRELATED · INVESTING · WY · 91.4% owned · share of income -$666 · share of assets $499,334

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ARBORETUM US HOLDINGS LLC

    RELATED · CHARITABLE · FL · 74.1% owned · share of income -$8 · share of assets $1,093,765

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • AVENTON OKLAHOMA LLC

    RELATED · POVERTY ALLEVIATION · OK · 74.25% owned · share of income -$408 · share of assets $109,251

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • CHARITABLE CHARTER BOAT LLC

    RELATED · EDUCATION · FL · 99% owned · share of income $3,668 · share of assets $5,150

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • CHERITH ANALYTICS LLC

    RELATED · EVANGELISM/DISCIPLESHIP · CA · 99% owned · share of income -$5,076,815 · share of assets $17,940,060

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • COMMON CLAY PICTURES LLC

    UNRELATED · FILM · WA · 50% owned · share of income -$243,248 · share of assets $33,727

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • COMPASSION FUND-SUNSTONE LLC

    RELATED · POVERTY ALLEVIATION · CA · 96.48% owned · share of income -$12,988 · share of assets $713,957

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • CONNEXION MOROCCO LLC

    RELATED · EDUCATION · OK · 79.59% owned · share of income -$757 · share of assets $243,145

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • EAST PARK CONSULTING LLC

    RELATED · POVERTY ALLEVIATION · IL · 70% owned · share of income $20,680 · share of assets $112,047

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ELEMENT CONSTRUCTION LLC

    EXCLUDED · INVESTING · IL · 63.4% owned · share of income -$25,608 · share of assets $654,530

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • EVERSEAL COATINGS LLC

    UNRELATED · INVESTMENT · IL · 65% owned · share of income $112,612 · share of assets $1,063,062

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GOBENA

    UNRELATED · INVESTING · IL · 99% owned · share of income $116,233 · share of assets $582,561

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GODSPEED THE DOCUMENTARY LLC

    RELATED · DOCUMENTARY PRODUCTION · CO · 70% owned

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GRAND VALLEY OASIS PROPERTIES LLC

    RELATED · CHARITABLE · CO · 80.61% owned · share of assets $420,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GREATER GOOD REAL ESTATE LLC

    INVESTMENT · REAL ESTATE · TX · 99% owned · share of income $10,727 · share of assets $826,422

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • HOG MOUNTAIN LAND LLC

    UNRELATED · INVESTING · GA · 50% owned · share of income $39,489 · share of assets $505,016

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • IMPOSSIBLE MATH LLC

    RELATED · CHARITABLE · UT · 94.75% owned · share of income -$322,654 · share of assets $11,617,046

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • KMBRIGGS FATHER'S FUND LLC

    RELATED · CHARITABLE · AL · 100% owned · share of income -$544 · share of assets $9,456

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • LANTERN GLOBAL LLC

    RELATED · CHARITABLE · NY · 69.91% owned · share of income -$159,787 · share of assets $1,457,319

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • LEGACY VENTURES KINGDOM CAPITAL FUND LP

    RELATED · CHARITABLE · NJ · 54.3% owned · share of income -$19,009 · share of assets $1,199,135

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • LIFESONG IMPACT LLC

    UNRELATED · INVESTING · IL · 99% owned · share of income -$2,252 · share of assets $7,750

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • LIVING WATER CAR WASH EXPRESS

    UNRELATED · CAR WASH · CO · 75.4% owned · share of income -$17,495

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • POSSOM TROT FILM LLC

    UNRELATED · INVESTING · TX · 99% owned · share of assets $16,264,911

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • RENTAL IMPACT LLC

    EXCLUDED · INVESTING · KS · 99% owned · share of income $41,541 · share of assets $943,500

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • RESPONSIBLE AI NETWORK LLC

    RELATED · HUMANITARIAN SERVICES · TX · 98.4% owned · share of income -$65,689 · share of assets $166,204

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ROSS DESIGN LLC

    RELATED · CHARITABLE · AR · 80% owned · share of income -$7,255 · share of assets $124,647

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • SUPPLY LINE INVESTMENT FUND LLC

    RELATED · POVERTY ALLEVIATION · AR · 50% owned · share of income -$21,325

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • TEN SLEEP STORAGE LLC

    RELATED · CHARITABLE · WY · 99% owned · share of income $1,552 · share of assets $261,552

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • WILD BROTHERS MEDIA LLC

    UNRELATED · INVESTING · FL · 50% owned · share of assets $150,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ZAMINVEST LLC

    RELATED · POVERTY ALLEVIATION · KS · 100% owned · share of income -$120 · share of assets $1,699,639

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GVA CLARKSVILLE

    RELATED · CHARITABLE · TX · 99% owned · share of assets $385,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GLOBAL OCEAN

    RELATED · CHARITABLE · OR · 99% owned · share of assets $50,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

Related corporations and trusts

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

  • WISE ROCK LLC

    S · CONSULTING · TX · 99% owned · share of income -$329,180 · share of assets $2,813,388 · controlled entity

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349326583

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