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Nonprofiteer
← IMPACT INVESTING CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by IMPACT INVESTING CHARITABLE FOUNDATION INC.

Totals

Total revenue
$142,085,671
Total expenses
$112,042,705
Contributions and grants received
$138,541,056
Grants paid
$108,720,679
Program service revenue
$0
Investment income
$3,544,561
Other revenue
$54
Total assets, end of year
$112,353,485
Total liabilities, end of year
$572,011
Net assets or fund balances, end of year
$111,781,474
Program services expenses (Part IX)
$111,073,881
Management and general expenses
$965,667
Fundraising expenses
$3,157
Program service expenses (Part III)
$111,073,881

Program services were 99.1% 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

    $15,765,312

  • 1f · All other contributions, gifts and grants

    $122,775,744

  • 1g · Noncash contributions included above

    $705,299

  • 3 · Investment income

    total $3,522,024 · unrelated business $36,543 · excluded $3,485,481

  • 5 · Royalties

    total $54 · excluded $54

  • 7a · Gross sales of assets other than inventory

    securities $45,520,328

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

    securities $45,497,791

  • 7c · Gain or loss

    securities $22,537

  • 7d · Net gain or loss

    total $22,537 · excluded $22,537

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,703,679 · program services $108,703,679

  • 3 · Grants to foreign organizations and individuals

    total $17,000 · program services $17,000

  • 5 · Compensation of officers, directors and key employees

    total $766,531 · program services $623,449 · management and general $140,358 · fundraising $2,724

  • 7 · Other salaries and wages

    total $898,106 · program services $699,006 · management and general $198,889 · fundraising $211

  • 8 · Pension plan contributions

    total $35,098 · program services $27,276 · management and general $7,814 · fundraising $8

  • 9 · Other employee benefits

    total $45,151 · program services $35,185 · management and general $9,943 · fundraising $23

  • 10 · Payroll taxes

    total $109,381 · program services $86,816 · management and general $22,379 · fundraising $186

  • 11b · Fees: legal

    total $55,201 · management and general $55,201

  • 11c · Fees: accounting

    total $81,000 · management and general $81,000

  • 11f · Fees: investment management

    total $214,910 · management and general $214,910

  • 11g · Fees: other

    total $448,544 · program services $222,312 · management and general $226,232

  • 12 · Advertising and promotion

    total $27,793 · program services $27,793

  • 13 · Office expenses

    total $108,380 · program services $106,588 · management and general $1,787 · fundraising $5

  • 14 · Information technology

    total $250,522 · program services $250,522

  • 17 · Travel

    total $135,098 · program services $135,098

  • 19 · Conferences, conventions and meetings

    total $129,118 · program services $129,118

  • 23 · Insurance

    total $7,154 · management and general $7,154

  • 24a · Other expenses: MISCELLANEOUS

    total $5,139 · program services $5,139

  • 24b · Other expenses: PROFESSIONAL DUES/SUBSC

    total $4,900 · program services $4,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $879,759 · end of year $1,948,787

  • 2 · Savings and temporary cash investments

    beginning of year $55,159,751 · end of year $38,315,007

  • 4 · Accounts receivable

    beginning of year $886,644 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $16,302,838 · end of year $32,896,397

  • 12 · Investments: other securities

    beginning of year $5,075,000 · end of year $39,193,294

  • 13 · Investments: program-related

    beginning of year $636,205

  • 15 · Other assets

    beginning of year $49,769 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,947 · end of year $458,556

  • 19 · Deferred revenue

    beginning of year $113,455 · end of year $113,455

  • 27 · Net assets without donor restrictions

    beginning of year $78,609,564 · end of year $111,781,474

Mission and programs · 2023

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 $111,073,881 · Grants $108,720,679

As filed on the 2023 return.

Listed in Part VII

  • Aimee Minnich

    CIO

    Total calculated
    $258,962
    From this org
    $237,896
    From related orgs
    $0
    Other
    $21,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,896
    Bonus
    $0
    Other
    $0
    Deferred
    $10,017
    Nontaxable benefits
    $11,049
    Filer's total
    $258,962

  • David Wills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Greg Lernihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Jeffrey Johns

    CEO

    Total calculated
    $272,435
    From this org
    $251,333
    From related orgs
    $0
    Other
    $21,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,333
    Bonus
    $0
    Other
    $0
    Deferred
    $10,053
    Nontaxable benefits
    $11,049
    Filer's total
    $272,435

  • Jonathan Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Suzanne Daniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Tim Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Tony Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Steve Doerr

    COO

    Total calculated
    $235,134
    From this org
    $215,466
    From related orgs
    $0
    Other
    $19,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,466
    Bonus
    $0
    Other
    $0
    Deferred
    $8,619
    Nontaxable benefits
    $11,049
    Filer's total
    $235,134

  • Dan Voth

    INVESTOR CONCIERGE

    Total calculated
    $175,819
    From this org
    $158,113
    From related orgs
    $0
    Other
    $17,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,113
    Bonus
    $0
    Other
    $0
    Deferred
    $6,657
    Nontaxable benefits
    $11,049
    Filer's total
    $175,819

  • Phillip Bruce

    CONTROLLER

    Total calculated
    $194,717
    From this org
    $176,247
    From related orgs
    $0
    Other
    $18,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,247
    Bonus
    $0
    Other
    $0
    Deferred
    $7,421
    Nontaxable benefits
    $11,049
    Filer's total
    $194,717

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

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.

Related corporations and trusts

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

  • BENEVATECH INC (SERVINGLYNK SOFTWARE INC)

    C · OWNER OF INTELLECTUAL PROPERTY LICENSED TO OTHER ORGANIZATIONS · FL · 100% owned · share of income -$357,176 · share of assets $96,091 · controlled entity

    Directly controlled by IMPACT INVESTING CHARITABLE FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423199349315952

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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