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← IMPACTING TOMORROW INCORPORATED

Form 990 for tax year 2022

Filed by IMPACTING TOMORROW INCORPORATED.

Totals

Total revenue
$1,826,749
Total expenses
$955,920
Contributions and grants received
$1,819,302
Grants paid
$0
Program service revenue
$0
Investment income
$6,568
Other revenue
$879
Total assets, end of year
$1,918,115
Total liabilities, end of year
$6,218
Net assets or fund balances, end of year
$1,911,897
Program services expenses (Part IX)
$705,098
Management and general expenses
$250,822
Fundraising expenses
$0
Program service expenses (Part III)
$705,098

Program services were 73.8% 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

    $1,819,302

  • 1g · Noncash contributions included above

    $905,730

  • 3 · Investment income

    total $6,568 · related or exempt $6,568

  • 11a · Other revenue: REFUNDS FROM PRIOR YEAR

    total $879 · related or exempt $879

  • 11e · Other revenue, total

    $879

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $116,923 · program services $97,781 · management and general $19,142

  • 10 · Payroll taxes

    total $8,945 · program services $7,618 · management and general $1,327

  • 11a · Fees: management

    total $11,272 · management and general $11,272

  • 11b · Fees: legal

    total $1,734 · management and general $1,734

  • 11c · Fees: accounting

    total $12,678 · management and general $12,678

  • 11g · Fees: other

    total $272 · management and general $272

  • 12 · Advertising and promotion

    total $5,483 · management and general $5,483

  • 13 · Office expenses

    total $10,821 · program services $551 · management and general $10,270

  • 16 · Occupancy

    total $86,032 · program services $8,116 · management and general $77,916

  • 19 · Conferences, conventions and meetings

    total $2,105 · program services $823 · management and general $1,282

  • 22 · Depreciation, depletion and amortization

    total $76,091 · management and general $76,091

  • 23 · Insurance

    total $16,088 · management and general $16,088

  • 24a · Other expenses: FOOD SUPPLIES

    total $575,644 · program services $575,644

  • 24b · Other expenses: VEHICLE EXPENSES

    total $11,655 · program services $5,896 · management and general $5,759

  • 24c · Other expenses: DONATIONS TO CHARITIES

    total $10,133 · management and general $10,133

  • 24d · Other expenses: SUPPLIES

    total $10,044 · program services $8,669 · management and general $1,375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,006,617 · end of year $487,147

  • 2 · Savings and temporary cash investments

    end of year $1,000,000

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

    $472,608

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

    $43,640

  • 10c · Land, buildings and equipment, net

    end of year $428,968

  • 15 · Other assets

    beginning of year $2,000 · end of year $2,000

  • 25 · Other liabilities

    end of year $6,218

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,008,617 · end of year $1,911,897

Mission and programs · 2022

Mission

TO MAKE A DIFFERENCE IN THE LIVES OF THOSE AROUND US AND HAVE A POSITIVE IMPACT ON THE WORLD.

  • FOOD MARKET WHICH OFFERS ITEMS SUCH AS FRESH PRODUCE, EGGS, MILK AND CHEESE, FROZEN MEATS, FRUITS, VEGETABLES, CANNED FRUITS, VEGETABLES, MEATS, PANTRY STAPLES SUCH AS FLOUR, CEREAL PRODUCTS, COOKIES, PASTAS AND SAUCES, FRESH BREAD, AND FROZEN PREPARED MEALS.

    Expenses $690,187

  • CLOTHING BOUTIQUE OFFERING MEN/WOMEN/CHILDREN CLOTHING, SHOES, NEW UNDERWEAR/SOCKS, JEWELRY, BAGS AND A VARIETY OF ITEMS THAT ARE OBTAINED FROM PARTICIPATING BUSINESSES.

    Expenses $14,911

As filed on the 2022 return.

Listed in Part VII

  • Kendal Tracy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Randy Baker

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    6

  • Elizabeth Tracy

    TREASURER

    Total calculated
    $0
    Hours/week
    25

  • Beth Rogers

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Daren Donohoo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Djantae McCommons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michelle Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313149349304936

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