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Nonprofiteer
← CALVERT IMPACT INC

Form 990 for tax year 2023

Filed by CALVERT IMPACT INC.

Totals

Total revenue
$9,069,724
Total expenses
$5,888,690
Contributions and grants received
$7,000,000
Grants paid
$0
Program service revenue
$1,728,908
Investment income
$340,816
Other revenue
$0
Total assets, end of year
$53,089,625
Total liabilities, end of year
$36,724,619
Net assets or fund balances, end of year
$16,365,006
Program services expenses (Part IX)
$4,654,433
Management and general expenses
$1,174,384
Fundraising expenses
$59,873
Program service expenses (Part III)
$4,654,433

Program services were 79.0% 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

    $7,000,000

  • 2a · Program service revenue: FEE INCOME

    total $1,728,908 · related or exempt $1,728,908

  • 3 · Investment income

    total $340,816 · excluded $340,816

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,446,578 · program services $1,136,950 · management and general $287,913 · fundraising $21,715

  • 11b · Fees: legal

    total $2,700,178 · program services $2,179,061 · management and general $519,235 · fundraising $1,882

  • 11f · Fees: investment management

    total $5,500 · program services $4,440 · management and general $1,057 · fundraising $3

  • 11g · Fees: other

    total $49,522 · program services $39,964 · management and general $9,523 · fundraising $35

  • 12 · Advertising and promotion

    total $235,959 · program services $191,512 · management and general $43,944 · fundraising $503

  • 13 · Office expenses

    total $399,871 · program services $95,344 · management and general $270,897 · fundraising $33,630

  • 14 · Information technology

    total $1,600 · program services $1,291 · management and general $308 · fundraising $1

  • 16 · Occupancy

    total $47,270 · program services $35,125 · management and general $11,370 · fundraising $775

  • 17 · Travel

    total $4,514 · program services $3,061 · management and general $1,200 · fundraising $253

  • 19 · Conferences, conventions and meetings

    total $7,500 · program services $5,952 · management and general $1,306 · fundraising $242

  • 20 · Interest

    total $185,283 · program services $177,922 · management and general $7,361

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $758,647 · program services $756,952 · management and general $1,695

  • 24b · Other expenses: REGISTRATIONS & COMPLIA

    total $40,316 · program services $22,371 · management and general $17,403 · fundraising $542

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $5,427 · program services $4,351 · management and general $784 · fundraising $292

  • 24d · Other expenses: TAXES & LICENSES

    total $525 · program services $137 · management and general $388

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $33,170,220

  • 3 · Pledges and grants receivable

    beginning of year $3,000,000 · end of year $9,343,547

  • 4 · Accounts receivable

    end of year $76,819

  • 7 · Other notes and loans receivable

    end of year $9,313,897

  • 12 · Investments: other securities

    end of year $384,615

  • 15 · Other assets

    beginning of year $0 · end of year $800,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,556,790 · end of year $3,045,027

  • 18 · Grants payable

    beginning of year $5,000,000 · end of year $2,951,765

  • 25 · Other liabilities

    beginning of year $0 · end of year $30,727,827

  • 27 · Net assets without donor restrictions

    beginning of year -$3,556,790 · end of year $16,365,006

Mission and programs · 2023

Mission

THE ORGANIZATION PROVIDES A PLATFORM FROM WHICH INVESTMENT ACTIVITIES CAN BE EXPANDED AND ACTIVTIES IN LENDING, STRUCTURING SERVICES, AND NEW PRODUCT DEVELOPMENT CAN BE DIVERSIFIED IN ORDER TO CREATE MORE OPPORTUNITES FOR INVESTORS TO CHANBEL CAPITAL TO COMMUNITIES IN NEED.

Activities or mission (Part I)

TO PROVIDE A PLATFORM FROM WHICH INVESTMENT ACTIVITIES CAN BE EXPANDED AND ACTIVTIES IN LENDING, STRUCTURING SERVICES, AND NEW PRODUCT DEVELOPMENT CAN BE DIVERSIFIED

  • COMMUNITY INVESTMENT NOTE: CALVERT IMPACT CAPITAL REMAINS DEDICATED TO MAKING IMPACT INVESTABLE THROUGH PRODUCTS AND SERVICES THAT CHANGE THE WORLD.

    Expenses $4,654,433 · Revenue $1,728,908

As filed on the 2023 return.

Listed in Part VII

  • JENNIFER PRYCE

    PRESIDENT & CEO

    Total calculated
    $605,529
    From this org
    $0
    From related orgs
    $548,696
    Other
    $56,833
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $427,280 related
    Bonus
    $0 + $121,056 related
    Other
    $0 + $360 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $30,433 related
    Filer's total
    $0 + $605,529 related

  • DEREK STROCHER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $497,472
    From this org
    $0
    From related orgs
    $445,240
    Other
    $52,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,880 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $360 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $25,832 related
    Filer's total
    $0 + $497,472 related

  • BART HARVEY

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR JENNIFER ISERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARIO ESPINOSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHIL KIRSHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DECKER ROLPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHY STEARNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAIME YORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349301554

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