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← IMPACT INVESTING CHARITABLE TRUST

Form 990 for tax year 2023

Filed by IMPACT INVESTING CHARITABLE TRUST.

Totals

Total revenue
$137,997,700
Total expenses
$42,812,425
Contributions and grants received
$141,104,649
Grants paid
$17,765,312
Program service revenue
$1,011,675
Investment income
-$4,187,722
Other revenue
$69,098
Total assets, end of year
$306,507,177
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$306,507,177
Program services expenses (Part IX)
$42,810,626
Management and general expenses
$1,799
Fundraising expenses
$0
Program service expenses (Part III)
$42,810,626

Program services were 100.0% 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

    $95,014,960

  • 1f · All other contributions, gifts and grants

    $46,089,689

  • 1g · Noncash contributions included above

    $46,720,874

  • 2a · Program service revenue: PROGRAM INTEREST INCOME

    total $989,675 · related or exempt $989,675

  • 2b · Program service revenue: PROGRAM RENTAL INCOME

    total $22,000 · related or exempt $22,000

  • 3 · Investment income

    total $3,288,572 · excluded $3,288,572

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

    other assets $7,476,294

  • 7c · Gain or loss

    other assets -$7,476,294

  • 7d · Net gain or loss

    total -$7,476,294 · excluded -$7,476,294

  • 11a · Other revenue: UBIT TAX REFUNDS

    total $69,098 · related or exempt $69,098

  • 11e · Other revenue, total

    $69,098

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,765,312 · program services $17,765,312

  • 11a · Fees: management

    total $3,265 · program services $3,265

  • 11g · Fees: other

    total $127 · program services $127

  • 13 · Office expenses

    total $1,817 · program services $18 · management and general $1,799

  • 16 · Occupancy

    total $5,944 · program services $5,944

  • 22 · Depreciation, depletion and amortization

    total $15,579 · program services $15,579

  • 24a · Other expenses: EQUITY IN EARNINGS LOSS

    total $16,004,345 · program services $16,004,345

  • 24b · Other expenses: LOANS FORGIVEN

    total $6,646,727 · program services $6,646,727

  • 24c · Other expenses: EQUITIES WRITTEN OFF

    total $2,202,571 · program services $2,202,571

  • 24d · Other expenses: LOANS WRITTEN OFF

    total $97,629 · program services $97,629

  • 24e · All other expenses

    total $69,109 · program services $69,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $715,146 · end of year $225,095

  • 4 · Accounts receivable

    beginning of year $1,504 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $13,967,737 · end of year $15,785,959

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

    $504,043

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

    $93,477

  • 10c · Land, buildings and equipment, net

    beginning of year $426,145 · end of year $410,566

  • 12 · Investments: other securities

    beginning of year $102,376,990 · end of year $192,353,684

  • 13 · Investments: program-related

    beginning of year $85,448,679 · end of year $96,122,660

  • 15 · Other assets

    beginning of year $1,182,098 · end of year $1,609,213

  • 27 · Net assets without donor restrictions

    beginning of year $204,118,299 · end of year $306,507,177

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 $42,810,626 · Grants $17,765,312 · Revenue $1,080,773

As filed on the 2023 return.

Listed in Part VII

  • Impact Investing Charitable Fdn Inc

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Delaware Trust Company

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Aimee Minnich

    CIO

    Total calculated
    $258,962
    From this org
    $0
    From related orgs
    $237,896
    Other
    $21,066
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION USES A COMPENSATION COMMITTEE, FORM 990'S OF OTHER ORGANIZATIONS, AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE CEO AND CIO. THE BOARD APPROVES THE COMPENSATION.

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.

  • CHESTNUT IMPACT LLC

    RENTAL PROPERTY · KY · income $22,000 · assets $585,115

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • PORTLAND VISION LLC

    RENTAL PROPERTY · KY · income -$25 · assets $0

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

Related partnerships

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

  • ADL HOLDING LLC

    RELATED · POVERTY ALLEVIATION · GA · 98% owned · share of income -$20,260 · share of assets $1,373,025

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ALPHA CHARITABLE LLC

    RELATED · NE · 99% owned · share of income -$17,049 · share of assets $52,951

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ANOMALY MANAGEMENT LLC

    RELATED · INVESTING · WY · 91.4% owned · share of income -$1,817 · share of assets $402,517

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ARBORETUM US HOLDINGS LLC

    RELATED · INVESTING · FL · 74.1% owned · share of income -$59 · share of assets $49,933

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ATLAS ROCK LLC

    RELATED · CO · 65% owned

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • AVENTON OKLAHOMA LLC

    RELATED · POVERTY ALLEVIATION · OK · 74.25% owned · share of income -$464 · share of assets $108,787

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • CHARITABLE CHARTER BOAT LLC

    RELATED · EDUCATION · FL · 99% owned · share of income $28,100

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • CHERITH ANALYTICS LLC

    RELATED · EVANGELISM/DISCIPLESHIP · CA · 99% owned · share of income -$8,723,724 · share of assets $21,533,791

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • COMMON CLAY PICTURES LLC

    RELATED · FILM · WA · 50% owned · share of income -$58,874 · share of assets $441,219

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • CONNEXION MOROCCO LLC

    RELATED · EDUCATION · OK · 79.59% owned · share of income -$489 · share of assets $242,656

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • EAST PARK CONSULTING LLC

    RELATED · POVERTY ALLEVIATION · IL · 70% owned · share of income -$12,308 · share of assets $99,739

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ELEMENT CONSTRUCTION LLC

    UNRELATED · INVESTING · IL · 63.4% owned · share of income $203,398 · share of assets $331,911

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • EVERSEAL COATINGS LLC

    UNRELATED · INVESTMENT · IL · 65% owned · share of income $84,759 · share of assets $1,018,252

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • FLORIDA HURRICANE DISASTER RELIEF FUND LLC

    RELATED · FL · 99% owned · share of income -$1,653 · share of assets $2,473,347

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GOBENA LLC

    UNRELATED · INVESTING · IL · 99% owned · share of income $342,442 · share of assets $615,003

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GRAND VALLEY OASIS PROPERTIES LLC

    RELATED · INVESTING · CO · 80.61% owned · share of assets $420,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GREATER GOOD REAL ESTATE LLC

    INVESTMENT · REAL ESTATE · TX · 99% owned · share of income $70,217 · share of assets $896,240

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • HIBM HER INESCAPABLE BRAVE MISSION LLC

    INVESTMENT · INVESTING · NY · 62.5% owned · share of income -$77,596 · share of assets $72,404

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • HOG MOUNTAIN LAND LLC

    UNRELATED · INVESTING · GA · 50% owned · share of income $10,189

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • IMPOSSIBLE MATH LLC

    RELATED · INVESTING · UT · 95.06% owned · share of income -$1,584,163 · share of assets $15,356,819

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • KMBRIGGS FATHER'S FUND LLC

    RELATED · INVESTING · AL · share of income -$1,285 · share of assets $8,171

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • LANTERN GLOBAL LLC

    RELATED · INVESTING · NY · 84.43% owned · share of income -$150,206 · share of assets $1,681,879

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • LIFESONG IMPACT LLC

    UNRELATED · INVESTING · IL · 99% owned · share of income -$6,089 · share of assets $1,661

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • POSSOM TROT FILM LLC

    RELATED · INVESTING · TX · 99% owned · share of assets $16,264,911

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • RENTAL IMPACT LLC

    INVESTMENT · INVESTING · KS · 99% owned · share of income $18,495 · share of assets $963,757

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ROSS DESIGN LLC

    RELATED · INVESTING · AR · 80% owned · share of income -$83,938 · share of assets $139,405

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • SOVERIGN'S CAPITAL REAL ESTATE FUND II LP

    INVESTMENT · INVESTING · GA · 78.59% owned · share of income -$2,049,888 · share of assets $7,787,790

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • SUNSTONE LLC - COMPASSION FUND

    RELATED · POVERTY ALLEVIATION · CA · 96.46% owned · share of income -$40,028 · share of assets $673,929

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • TEN SLEEP STORAGE LLC

    RELATED · INVESTING · WY · 99% owned · share of income -$4,672 · share of assets $256,881

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • WILD BROTHERS MEDIA LLC

    UNRELATED · INVESTING · FL · 50% owned · share of assets $150,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ZAMINVEST LLC

    RELATED · POVERTY ALLEVIATION · KS · 100% owned · share of income -$120 · share of assets $1,699,519

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • 1858 HIGHWAY 64

    RELATED · AGRICULTURAL/NATURE EDUCATION · WI · 99% owned · share of assets $2,500,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • FELIX'S RESTAURANT GROUP FINANCE LLC

    UNRELATED · INVESTING · LA · 99% owned · share of assets $3,440,000

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • GLOBAL OCEAN INVESTMENT LLC

    UNRELATED · INVESTING · SC · 99% owned · share of assets $113,500

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

  • ROCKFORD YOUTH LLC

    RELATED · YOUTH ACTIVITIES · IL · 99% owned · share of assets $673,929

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

Related corporations and trusts

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

  • WISE ROCK LLC

    S · CONSULTING · TX · 99% owned · share of assets $3,479,686 · controlled entity

    Directly controlled by IMPACT INVESTING CHARITABLE TRUST

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349307194

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