Form 990 for tax year 2023

Totals

Total revenue

$17,350,486

Total expenses

$13,748,663

Contributions and grants received

$13,390,752

Grants paid

$8,082,526

Program service revenue

$3,369,156

Investment income

$590,411

Other revenue

$167

Total assets, end of year

$26,494,001

Total liabilities, end of year

$15,723,344

Net assets or fund balances, end of year

$10,770,657

Program services expenses (Part IX)

$13,147,362

Management and general expenses

$474,458

Fundraising expenses

$126,843

Program service expenses (Part III)

$13,147,362

Program services were 95.6% 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.

Mission and programs · 2023

• IMPACT CHARITABLE COLLABORATES WITH CATALYTIC FUNDERS, COMMUNITY LEADERS, LOCAL GOVERNMENTS, AND OTHER CHANGEMAKERS TO DESIGN AND IMPLEMENT DIRECT CASH ASSISTANCE AND ECONOMIC MOBILITY PROGRAMS. THESE SERVICES INCLUDE PROGRAM DESIGN, PROGRAM MANAGEMENT & IMPLEMENTATION, AND PAYMENT FACILITATION, ALL AIMED AT SUPPORTING ECONOMIC STABILITY, RESILIENCY, AND WEALTH-CREATION. OUR APPROACH INVOLVES INTERVENING AT KEY MOMENTS TO PREVENT FAMILIES FROM FALLING DEEPER INTO POVERTY THROUGH PROGRAMS LIKE EMERGENCY RENTAL ASSISTANCE OR JOB LOSS PAYMENTS, PROVIDING UNRESTRICTED, UNCONDITIONAL EMERGENCY CASH ASSISTANCE AND BASIC INCOME, AND BUILDING LONG-TERM WEALTH THROUGH INNOVATIVE VEHICLES DESIGNED TO BREAK INTERGENERATIONAL CYCLES OF POVERTY.ECONOMIC MOBILITY PROGRAMS ARE PARTICULARLY FOCUSED ON PROVIDING ESSENTIAL CAPITAL TO COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDERREPRESENTED AND MARGINALIZED, WITH ROUGHLY 93% OF PARTICIPANTS IDENTIFYING AS BIPOC AND 97.6% PREFERRING A LANGUAGE OTHER THAN ENGLISH. ADDITIONALLY, 61% OF PARTICIPANTS ARE WOMEN. IN 2023 ALONE, WE DISTRIBUTED $6,386,153 THROUGH THESE IMPACTFUL PROGRAMS.

  Expenses $8,657,582 · Grants $6,386,153 · Revenue $545,513

• AT IMPACT CHARITABLE, WE MOVE MORE MONEY, IN MORE WAYS, TO MORE PEOPLE AND PLACES BY FOCUSING ON IMPACT-FIRST INVESTING. OUR PRIMARY OBJECTIVE IS TO DRIVE MEANINGFUL IMPACT, BALANCING FINANCIAL RETURN AND RISK IN SERVICE OF THIS MISSION. WHILE WE ANTICIPATE FINANCIAL RETURNS FROM OUR FUNDS, OUR TRUE MEASURE OF SUCCESS LIES IN THE IMPACT AND OUTCOMES OF THESE INVESTMENTS.IMPACT CHARITABLE WORKS THROUGH INTEGRATED CAPITAL, PROVIDING BOTH GRANTS AND INVESTMENTS, TO CATALYZE POSITIVE CHANGE. WE COLLABORATE WITH INVESTORS WHO UNDERSTAND THAT TRADITIONAL APPROACHES ALONE ARE INSUFFICIENT TO ACHIEVE THE JUST AND EQUITABLE OUTCOMES WE SEEK. OUR TEAM, WITH DEEP EXPERTISE IN BOTH PHILANTHROPY AND FINANCE, WORKS TO MOVE MONEY DIRECTLY INTO IMPACTFUL ORGANIZATIONS, MAKING LASTING CHANGE POSSIBLE.OUR APPROACH ENSURES THAT A SIGNIFICANT PORTION OF THE FUNDS UNDER OUR MANAGEMENT IS ACTIVELY WORKING IN COMMUNITIES, DRIVING POSITIVE SOCIAL CHANGE. THROUGHOUT THE YEAR, IMPACT CHARITABLE FACILITATED THE MOVEMENT OF SIGNIFICANT CAPITAL THROUGH A VARIETY OF IMPACTFUL PROGRAMS AND SERVICES INCLUDING DIRECT INVESTMENTS, PROGRAM-RELATED INVESTMENTS, PHILANTHROPIC INVESTMENT FUNDS, AND DONOR-ADVISED FUNDS. THROUGH THESE SERVICES, IMPACT CHARITABLE FACILITATED THE MOVEMENT OF $6,755,000 OF INVESTMENTS AND $3,415,152 OF GRANT FUNDS IN 2023. OUR KEY AREAS OF FOCUS INCLUDE SUPPORTING ECONOMIC MOBILITY, FINANCIAL INCLUSION, AND AFFORDABLE HOUSING AMONG OTHER IMPACT THEMES. BY LEVERAGING CATALYTIC CAPITAL, WE ARE ABLE TO FACILITATE ACCESS TO OPPORTUNITIES FOR HISTORICALLY MARGINALIZED COMMUNITIES AND HELP CLOSE THE CAPITAL GAPS THAT PERSIST IN TRADITIONAL FINANCIAL SYSTEMS.

  Expenses $2,303,077 · Grants $1,658,436 · Revenue $214,476

• CATALYTIC CAPITAL PARTNERS LLC, A WHOLLY-OWNED SUBSIDIARY OF IMPACT CHARITABLE, WAS ESTABLISHED TO CREATE SIGNIFICANT EFFICIENCIES FOR IMPACT FUNDS AND PROJECTS THAT ARE INCREASINGLY ATTRACTING A COMBINATION OF PRIVATE, PHILANTHROPIC, GOVERNMENT, AND GRANT CAPITAL. THIS PROGRAM LEVERAGES PARTNERS WITH DEEP EXPERIENCE IN FUND MANAGEMENT, ADMINISTRATION, AND INVESTMENT ADVISORY SERVICES WHILE ENGAGING IMPACT CHARITABLE'S EXPERIENCE AND EXPERTISE IN PHILANTHROPIC, IMPACT-FIRST INVESTMENTS, INTEGRATED CAPITAL FUNDS, AND FLEXIBLE GRANTMAKING CAPABILITIES. IMPACT CHARITABLE WORKS WITH PARTNERS WHO SHARE OUR HISTORY OF BRINGING NEW TOOLS AND INNOVATIONS TO THE IMPACT INVESTING ECOSYSTEM, AND THESE NEW PARTNERSHIPS ARE CONSTRUCTED TO CONNECT MORE CAPITAL WITH THE COMMUNITY IN FUNDING THAT IS STRUCTURED TO CREATE THE MOST IMPACT.CATALYTIC CAPITAL PARTNERS LLC IS DEDICATED TO BREAKING DOWN TRADITIONAL BARRIERS TO CAPITAL ACCESS, ENSURING THAT FUNDS ARE NOT JUST MANAGED BUT ACTIVELY WORKING IN COMMUNITIES TO DRIVE SYSTEMIC CHANGE. WITH A FOCUS ON INNOVATIVE, IMPACT-FIRST INVESTING, WE CONTINUE TO MOVE MONEY DIFFERENTLY, ENSURING THAT CAPITAL FLOWS WHERE IT'S NEEDED MOST.

  Expenses $2,186,703 · Grants $37,937 · Revenue $2,609,167

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• MISSION DRIVEN FINANCE

  $497,500

  INITIATIVE FOR INCLUSIVE ENTREPRENEURSHIP

• DEARFIELD CAPITAL MANAGEMENT

  $300,000

  SUPPORT SERVICES FOR FIRST-TIME HOMEOWNERS

• TOCABE INDIGENOUS MARKETPLACE

  $200,000

  MEALS FOR LOW-INCOME COMMUNITIES

• BIRTH DETROIT INC

  $80,000

  GENERAL SUPPORT

• CHANGE LABS

  $60,000

  GENERAL SUPPORT

• CARE ACCESS REAL ESTATE INVESTMENTS PBC

  $37,937

  CHILD CARE ACCESS FOR LOW-INCOME COMMUNITIES

• KESIENA STUDIO

  $25,000

  REGENERATIVE TEXTILE DEVELOPMENT

• LIFT ECONOMY

  $25,000

  CAPACITY BUILDING SUPPORT FOR LOW-INCOME ENTREPRENEURS

• MOUNTAIN PLAINS COMMUNITY DEVELOPMENT CORPORATION

  $25,000

  GENERAL SUPPORT

• BREAKTHROUGH

  $25,000

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type

form_990

Tax year

2023

Filed

12 November 2024

IRS schema version

2023v5.1

Source object

202433179349307313

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

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