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Nonprofiteer
← EHA IMPACT VENTURES INC

Form 990 for tax year 2023

Filed by EHA IMPACT VENTURES INC.

Totals

Total revenue
$160,913
Total expenses
$528,805
Contributions and grants received
$25,000
Grants paid
$25,000
Program service revenue
$0
Investment income
$140,557
Other revenue
-$4,644
Total assets, end of year
$8,789,023
Total liabilities, end of year
$1,504,998
Net assets or fund balances, end of year
$7,284,025
Program services expenses (Part IX)
$155,260
Management and general expenses
$371,545
Fundraising expenses
$2,000
Program service expenses (Part III)
$155,260

Program services were 29.4% 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

    $25,000

  • 3 · Investment income

    total $192,418 · excluded $192,418

  • 7a · Gross sales of assets other than inventory

    securities $270,740

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

    securities $322,601

  • 7c · Gain or loss

    securities -$51,861

  • 7d · Net gain or loss

    total -$51,861 · excluded -$51,861

  • 11a · Other revenue: OTHER REVENUE

    total $68 · related or exempt $68

  • 11b · Other revenue: FOREIGN EXCHANGE GAIN/

    total -$4,712 · excluded -$4,712

  • 11e · Other revenue, total

    -$4,644

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $256,369 · program services $116,852 · management and general $139,517

  • 10 · Payroll taxes

    total $13,152 · program services $6,576 · management and general $6,576

  • 11b · Fees: legal

    total $2,011 · management and general $2,011

  • 11c · Fees: accounting

    total $30,050 · management and general $30,050

  • 11e · Fees: professional fundraising services

    total $2,000 · fundraising $2,000

  • 11f · Fees: investment management

    total $28,949 · management and general $28,949

  • 11g · Fees: other

    total $13,930 · program services $6,832 · management and general $7,098

  • 12 · Advertising and promotion

    total $355 · management and general $355

  • 13 · Office expenses

    total $1,281 · management and general $1,281

  • 14 · Information technology

    total $23,174 · management and general $23,174

  • 16 · Occupancy

    total $3,432 · management and general $3,432

  • 17 · Travel

    total $7,322 · management and general $7,322

  • 19 · Conferences, conventions and meetings

    total $11,211 · management and general $11,211

  • 20 · Interest

    total $100,793 · management and general $100,793

  • 23 · Insurance

    total $6,817 · management and general $6,817

  • 24a · Other expenses: BANK FEES

    total $1,541 · management and general $1,541

  • 24e · All other expenses

    total $1,418 · management and general $1,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,203 · end of year $18,435

  • 2 · Savings and temporary cash investments

    beginning of year $373,925 · end of year $655,026

  • 4 · Accounts receivable

    end of year $12,038

  • 7 · Other notes and loans receivable

    beginning of year $3,000,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,831 · end of year $8,577

  • 12 · Investments: other securities

    beginning of year $4,099,554 · end of year $3,828,814

  • 13 · Investments: program-related

    beginning of year $35,000 · end of year $3,135,100

  • 15 · Other assets

    beginning of year $531,238 · end of year $1,131,033

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,260 · end of year $39,119

  • 23 · Secured mortgages and notes payable

    beginning of year $709,766 · end of year $1,462,314

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,565

  • 27 · Net assets without donor restrictions

    beginning of year $7,322,725 · end of year $7,284,025

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

EHA IMPACT VENTURES HAS 3 MAJOR FOCUS AREAS; EMPOWER FEMALE ENTREPRENEURS, INVEST IN FEMALE FOUNDED ENTERPRISES, AND BE LEADERS IN THE IMPACT INVESTING COMMUNITY.

Activities or mission (Part I)

EIV IS A PHILANTHROPIC IMPACT INVESTING ENTERPRISE THAT SUPPORTS EARLY STAGE, HIGH-IMPACT, WOMEN LED BUSINESSES IN AFRICA. UNLIKE TRADITIONAL BUSINESS FINANCING, WE OFFER FLEXIBLE AND INNOVATIVE FINANCING PAIRED WITH HIGH-QUALITY, LOCAL, SHARED BUSINESS RESOURCES TO ENSURE BUSINESS GROWTH AND SUCCESS.

  • WE CONTINUED TO SUPPORT THE 3 FEMALE FOUNDERS OF OUR PORTFOLIO COMPANIES TO GROW THEIR BUSINESSES AND SUPPORT THEM WITH MENTORSHIP AND THOUGHT-LEADERSHIP. WE WORKED WITH THEM TO ENSURE AN IMPACT-FIRST MIND SET TO ENSURE THEIR COMPANIES WERE ACTIVELY LOOKING FOR WAYS TO IMPROVE THE HEALTH ECOSYSTEM IN NIGERIA. WE WORKED WITH BANKS AND OTHER LENDING INSTITUTIONS TO FIND WAYS FOR FEMALE FOUNDED COMPANIES TO GET ACCESS TO CATALYTIC CAPITAL AND SECURED AN IMPACT LOAN WITH A LEADING BANK IN NIGERIA FOR ONE OF OUR PORTFOLIO COMPANIES. OUR FOUNDER SPOKE AT MULTIPLE CONFERENCES AND EVENTS ABOUT THE NIGERIAN FEMALE FOUNDER ECOSYSTEM AND THE IMPORTANCE OF INVESTING IN FEMALE FOUNDERS IN AFRICA.

    Expenses $155,260 · Grants $25,000

As filed on the 2023 return.

Listed in Part VII

  • Evelyn Castle

    CEO

    Total calculated
    $256,369
    From this org
    $222,000
    From related orgs
    $11,704
    Other
    $22,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,000 + $11,704 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,665
    Filer's total
    $244,665 + $11,704 related

  • Adam Thompson

    PRESIDENT

    Total calculated
    $149,826
    From this org
    $0
    From related orgs
    $126,000
    Other
    $23,826
    Hours/week
    40

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

No itemized grants to organizations 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.

  • EHEALTH AFRICA

    501C3 · INVEST IN EARLY STATE, WOMEN LED BUSINESSES IN AFRICA · DE · controlled entity

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.

  • EHA CLINICS LIMITED

    C · TO BUILD STRONGER HEALTH SYSTEMS · NI · 99.99% owned · share of income -$6,052,101 · share of assets $3,145,600 · controlled entity

    Directly controlled by EHA IMPACT VENTURES

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423199349309847

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