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Nonprofiteer
← IMPACT FOUNDATION

Form 990 for tax year 2022

Filed by IMPACT FOUNDATION.

Totals

Total revenue
$3,041,976
Total expenses
$1,748,067
Contributions and grants received
$2,557,419
Grants paid
$512,610
Program service revenue
$469,328
Investment income
$28,383
Other revenue
-$13,154
Total assets, end of year
$6,186,034
Total liabilities, end of year
$568,794
Net assets or fund balances, end of year
$5,617,240
Program services expenses (Part IX)
$1,604,889
Management and general expenses
$129,719
Fundraising expenses
$13,459
Program service expenses (Part III)
$1,604,889

Program services were 91.8% 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.

  • 1c · Fundraising events

    $46,098

  • 1f · All other contributions, gifts and grants

    $2,511,321

  • 1g · Noncash contributions included above

    $997,958

  • 2a · Program service revenue: Give Back Membership D

    total $346,500 · related or exempt $346,500

  • 2b · Program service revenue: Contracted Services In

    total $78,367 · related or exempt $78,367

  • 2c · Program service revenue: Management Services In

    total $40,035 · related or exempt $40,035

  • 2d · Program service revenue: Intermediary Relending

    total $1,976 · related or exempt $1,976

  • 2f · All other program service revenue

    total $2,450 · related or exempt $2,450

  • 3 · Investment income

    total $26,053 · excluded $26,053

  • 7a · Gross sales of assets other than inventory

    securities $8,531

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

    securities $5,260 · other assets $941

  • 7c · Gain or loss

    securities $3,271 · other assets -$941

  • 7d · Net gain or loss

    total $2,330 · excluded $2,330

  • 8a · Fundraising events: gross income

    $39,370

  • 8a · Fundraising events: contributions included on line 1c

    $46,098

  • 8b · Fundraising events: direct expenses

    $54,194

  • 8c · Net income from fundraising events

    total -$14,824 · excluded -$14,824

  • 10a · Gross sales of inventory

    $1,670

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,670 · related or exempt $1,670

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $512,610 · program services $512,610

  • 5 · Compensation of officers, directors and key employees

    total $124,904 · program services $74,916 · management and general $37,491 · fundraising $12,497

  • 7 · Other salaries and wages

    total $486,435 · program services $486,435

  • 8 · Pension plan contributions

    total $48,810 · program services $48,810

  • 9 · Other employee benefits

    total $29,896 · program services $29,896

  • 10 · Payroll taxes

    total $40,893 · program services $37,046 · management and general $2,885 · fundraising $962

  • 11a · Fees: management

    total $66,061 · program services $32,726 · management and general $33,335

  • 11c · Fees: accounting

    total $17,430 · management and general $17,430

  • 11g · Fees: other

    total $94,745 · program services $94,474 · management and general $271

  • 12 · Advertising and promotion

    total $43,677 · program services $43,576 · management and general $101

  • 13 · Office expenses

    total $7,024 · program services $5,289 · management and general $1,735

  • 14 · Information technology

    total $47,665 · program services $46,936 · management and general $729

  • 16 · Occupancy

    total $21,900 · program services $21,900

  • 17 · Travel

    total $953 · program services $953

  • 19 · Conferences, conventions and meetings

    total $25,880 · program services $24,838 · management and general $1,042

  • 20 · Interest

    total $1,340 · program services $1,340

  • 22 · Depreciation, depletion and amortization

    total $98,215 · program services $75,271 · management and general $22,944

  • 23 · Insurance

    total $11,675 · management and general $11,675

  • 24a · Other expenses: Program Expenses

    total $54,003 · program services $54,003

  • 24b · Other expenses: Dues, books, and subscr

    total $13,890 · program services $13,870 · management and general $20

  • 24e · All other expenses

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,346,362 · end of year $3,668,527

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $105,000

  • 4 · Accounts receivable

    beginning of year $4,708 · end of year $4,725

  • 9 · Prepaid expenses and deferred charges

    beginning of year $302 · end of year $1,784

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

    $1,109,493

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

    $945,476

  • 10c · Land, buildings and equipment, net

    beginning of year $188,797 · end of year $164,017

  • 11 · Investments: publicly traded securities

    beginning of year $828,923 · end of year $1,703,007

  • 13 · Investments: program-related

    beginning of year $553,050 · end of year $524,438

  • 15 · Other assets

    beginning of year $11,002 · end of year $14,536

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,068 · end of year $131,789

  • 19 · Deferred revenue

    beginning of year $166,141 · end of year $182,745

  • 23 · Secured mortgages and notes payable

    beginning of year $283,265 · end of year $254,260

  • 27 · Net assets without donor restrictions

    beginning of year $2,864,526 · end of year $4,037,052

  • 28 · Net assets with donor restrictions

    beginning of year $1,578,144 · end of year $1,580,188

Mission and programs · 2022

Mission

With a mission to build the capacity of nonprofits, businesses, and individuals to maximize their community impact, Impact Foundation's overall goal is to dramatically improve its nonprofit partners' capacity to produce superior results. Impact Foundation operates exclusively for charitable, scientific, and educational purposes. To meet its primary goal, Impact Foundation (Impact) receives and administers donations, makes contributions to, and provides assistance to other nonprofit organizations. Impact operates charitable initiatives designed to measurably improve society in areas including: economic development; health and healthcare access; education and training; and other philanthropic areas identified by donors.

Activities or mission (Part I)

Build capacity of nonprofits, businesses & individuals to maximize their community impact.

  • Organizational EffectivenessImpact and its supporting organization, Achievements Unlimited Foundation (collectively the "Foundations"), recognize that many nonprofit organizations often lack the expertise and financial resources to invest in organizational assessments, strategic planning and highly effective fundraising training to ensure their organization's effectiveness and long-term sustainability. The Foundations partnered with Dakota Medical Foundation, an unrelated nonprofit organization, through the Impact Institute (Institute) to provide support, education, training, and coaching sessions for nonprofit partner organizations. Since inception in 2005, the Institute has trained nonprofit executives and directors from over 500 nonprofit organizations in Institute leadership and fundraising concepts.Nonprofit Board and Fundraising Training: Training boards and key management personnel to operate their organizations in a highly effective and efficient manner is a key education focus for the Foundations. With a particular emphasis in fundraising, many charities continued their professional development in a fundraising curriculum and coaching program called High Impact Fundraising. This program was developed to build a mastery of fundraising and leadership. As a result of participating in fundraising training, a study of 21 nonprofit organizations who have participated in Giving Hearts Day since its inception increased their Giving Hearts Day totals over a fifteen-year period from a cumulative total of $353,000 in donations in 2008 to a cumulative total of $2.5 million in donations in 2022.Grant Writing Services: Since 2005, the Foundations have supported grant writing assistance for health-related nonprofit organizations to generate additional financial resources for their programs. Since the formal addition of grant writing assistance, the Foundations and other regional nonprofit organizations have secured over $28.9 million in grant funding.

    Expenses $641,278 · Revenue $78,367

  • Economic DevelopmentThe Foundations support the economic development of North Dakota communities by initiating and funding various initiatives directed at assisting small businesses located in North Dakota.In 2007, Impact entered into a 30-year, $750,000 loan commitment with the USDA Office of Rural Development under its Intermediary Relending Loan Program (IRP). Impact committed an equity contribution of $187,500, equaling a total loan pool of $937,500, available to qualifying North Dakota businesses at low interest rates. Dakota Business Lending (DBL), formerly Dakota Certified Development Corporation, provided a grant to Impact to meet the equity requirement under the terms of the USDA loan. DBL manages the day-to-day operations of the IRP under an agreement with Impact.Since inception, Impact has provided ten (10) loans to small businesses in rural communities, equaling more than $1,166,942. As of December 31, 2022, Impact had one (1) loan outstanding with a total IRP Loans Receivable balance of $3,732 (net of allowance for doubtful accounts of $500), included in Part X, Line 13, Investments - Program Related and Schedule D Part VIII.

    Expenses $8,003 · Revenue $1,976

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $955,608 · Grants $512,610 · Revenue $390,655

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dan Carey

    Chair

    Total calculated
    $0
    Hours/week
    3 + 0.1 related

  • Susan Mathison MD

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • Phil Hansen

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • Sindy Keller

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 0.1 related

  • J Patrick Traynor

    Executive Director

    Total calculated
    $124,904
    From this org
    $124,904
    From related orgs
    $0
    Other
    $0
    Hours/week
    17 + 0.5 related

  • Scott Holdman Chief

    Transformation Officer

    Total calculated
    $176,952
    From this org
    $144,043
    From related orgs
    $0
    Other
    $32,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,220
    Bonus
    $13,763
    Other
    $60
    Deferred
    $21,793
    Nontaxable benefits
    $11,891
    Filer's total
    $177,727

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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
In 2022, Scott received a 10% bonus which was based on his base salary and $1,150 for Holiday bonuses.

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

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349307384

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

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