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Nonprofiteer
← CALVERT IMPACT INC

Form 990 for tax year 2022

Filed by CALVERT IMPACT INC.

Totals

Total revenue
$3,000,000
Total expenses
$6,556,790
Contributions and grants received
$3,000,000
Grants paid
$5,000,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,000,000
Total liabilities, end of year
$6,556,790
Net assets or fund balances, end of year
-$3,556,790
Program services expenses (Part IX)
$5,000,000
Management and general expenses
$1,556,790
Fundraising expenses
$0
Program service expenses (Part III)
$5,000,000

Program services were 76.3% 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

    $3,000,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000,000 · program services $5,000,000

  • 11b · Fees: legal

    total $1,522,606 · management and general $1,522,606

  • 11f · Fees: investment management

    total $34,184 · management and general $34,184

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    end of year $3,000,000

  • 17 · Accounts payable and accrued expenses

    end of year $1,556,790

  • 18 · Grants payable

    end of year $5,000,000

  • 27 · Net assets without donor restrictions

    end of year -$3,556,790

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES A PLATFORM FROM WHICH INVESTMENT ACTIVITIES CAN BE EXPANDED AND ACTIVTIES IN LENDING, STRUCTURING SERVICES, AND NEW PRODUCT DEVELOPMENT CAN BE DIVERSIFIED IN ORDER TO CREATE MORE OPPORTUNITES FOR INVESTORS TO CHANBEL CAPITAL TO COMMUNITIES IN NEED.

Activities or mission (Part I)

TO PROVIDE A PLATFORM FROM WHICH INVESTMENT ACTIVITIES CAN BE EXPANDED AND ACTIVTIES IN LENDING, STRUCTURING SERVICES, AND NEW PRODUCT DEVELOPMENT CAN BE DIVERSIFIED

  • COMMUNITY INVESTMENT NOTE: CALVERT IMPACT CAPITAL REMAINS DEDICATED TO MAKING IMPACT INVESTABLE THROUGH PRODUCTS AND SERVICES THAT CHANGE THE WORLD.

    Expenses $5,000,000 · Grants $5,000,000

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Pryce

    PRESIDENT & CEO

    Total calculated
    $539,109
    From this org
    $0
    From related orgs
    $505,167
    Other
    $33,942
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,167 related
    Bonus
    $0 + $110,000 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $9,542 related
    Filer's total
    $0 + $539,109 related

  • Derek Strocher

    CHIEF FINANCIAL OFFICER

    Total calculated
    $450,723
    From this org
    $0
    From related orgs
    $417,578
    Other
    $33,145
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,578 related
    Bonus
    $0 + $80,000 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $8,745 related
    Filer's total
    $0 + $450,723 related

  • Bart Harvey

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Jennifer Isern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mario Espinosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phil Kirshman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Decker Rolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathy Stearns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jaime Yordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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.

  • CALVERT IMPACT SMALL BUSINESS LLC

    INVESTMENT MANAGEMENT · MD · income $0 · assets $0

    Directly controlled by CALVERT IMPACT INC

Related partnerships

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

  • EQUITY FOR IMPACT LP

    INVESTMENT MANAGEMENT · MD

  • FPIF FEEDER FACILITY LP

    INVESTMENT MANAGEMENT · MD

  • IMPACTASSETS FUNDED GUARANTEE

    INVESTMENT MANAGEMENT · MD

Related corporations and trusts

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

  • COMMUNITY INVESTMENT PARTNERS INC

    C · PROMOTION OF COMMUNITY INVESTMENT · MD

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343189349300824

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