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Nonprofiteer
← SOCIAL IMPACT FUND

Form 990 for tax year 2022

Filed by SOCIAL IMPACT FUND.

Totals

Total revenue
$11,151,125
Total expenses
$12,002,208
Contributions and grants received
$10,533,255
Grants paid
$2,453,020
Program service revenue
$605,516
Investment income
$12,164
Other revenue
$190
Total assets, end of year
$11,071,400
Total liabilities, end of year
$758,740
Net assets or fund balances, end of year
$10,312,660
Program services expenses (Part IX)
$11,476,191
Management and general expenses
$478,017
Fundraising expenses
$48,000
Program service expenses (Part III)
$11,476,191

Program services were 95.6% 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.

  • 1e · Government grants (contributions)

    $518,346

  • 1f · All other contributions, gifts and grants

    $10,014,909

  • 1g · Noncash contributions included above

    $4,650

  • 2a · Program service revenue: Fiscal Sponsor Fee

    total $605,516 · related or exempt $605,516

  • 3 · Investment income

    total $12,164 · excluded $12,164

  • 11a · Other revenue: Other

    total $190 · related or exempt $190

  • 11e · Other revenue, total

    $190

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,453,020 · program services $2,453,020

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $206,642 · program services $26,500 · management and general $180,142

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $42,571 · management and general $42,571

  • 8 · Pension plan contributions

    total $821 · management and general $821

  • 9 · Other employee benefits

    total $6,700 · management and general $6,700

  • 10 · Payroll taxes

    total $16,246 · management and general $16,246

  • 11a · Fees: management

    total $5,270,552 · program services $5,270,552

  • 11b · Fees: legal

    total $75,538 · program services $63,313 · management and general $12,225

  • 11c · Fees: accounting

    total $93,864 · program services $43,414 · management and general $50,450

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $38,000 · fundraising $38,000

  • 11f · Fees: investment management

    total $45,939 · management and general $45,939

  • 11g · Fees: other

    total $1,001,774 · program services $945,839 · management and general $45,935 · fundraising $10,000

  • 12 · Advertising and promotion

    total $44,469 · program services $44,469

  • 13 · Office expenses

    total $92,462 · program services $62,515 · management and general $29,947

  • 14 · Information technology

    total $65,991 · program services $54,883 · management and general $11,108

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $39,250 · program services $39,250

  • 17 · Travel

    total $179,716 · program services $176,334 · management and general $3,382

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $73,196 · program services $69,757 · management and general $3,439

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,185 · management and general $3,185

  • 23 · Insurance

    total $19,483 · program services $3,554 · management and general $15,929

  • 24a · Other expenses: Branding Expenses/Social Media/Public Relations

    total $492,547 · program services $492,547

  • 24b · Other expenses: Digital Video Content/Film Production

    total $1,083,546 · program services $1,083,546

  • 24c · Other expenses: Event Production

    total $584,421 · program services $584,421

  • 24d · Other expenses: Program Expansion/Content/Artist Fees/Education

    total $37,335 · program services $37,335

  • 24e · All other expenses

    total $34,940 · program services $24,942 · management and general $9,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,735,048 · end of year $6,117,832

  • 3 · Pledges and grants receivable

    beginning of year $460,000 · end of year $424,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $138,155 · end of year $40,803

  • 11 · Investments: publicly traded securities

    beginning of year $4,243,275 · end of year $4,459,966

  • 14 · Intangible assets

    beginning of year $7,962 · end of year $28,373

  • 17 · Accounts payable and accrued expenses

    beginning of year $488,690 · end of year $758,740

  • 18 · Grants payable

    beginning of year $250,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,220,457 · end of year $631,626

  • 28 · Net assets with donor restrictions

    beginning of year $10,625,293 · end of year $9,681,034

Mission and programs · 2022

Mission

Social Impact Fund provides a legal structure under which charitable programs may operate, or acts as fiscal sponsor for groups waiting on IRS 501c3 determination. The sponsored programs work to advance social good and make a positive difference in the world-at-large.

Activities or mission (Part I)

Social Impact Fund provides a legal structure under which charitable programs may operate, or acts as fiscal sponsor for groups waiting on IRS 501c3 determination. The sponsored programs work to advance social good.

  • The Organization provides a legal structure under which charitable programs may operate, or acts as fiscal sponsor for groups waiting on IRS 501c3 determination. The sponsored programs work to advance social good and make a positive difference in the world-at-large.

    Expenses $11,476,191 · Grants $2,453,020 · Revenue $605,516

As filed on the 2022 return.

Listed in Part VII

  • Craig Cichy

    Executive Director

    Total calculated
    $180,142
    From this org
    $167,181
    From related orgs
    $0
    Other
    $12,961
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,181
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,967
    Nontaxable benefits
    $8,994
    Filer's total
    $180,142

  • Laura Probst through 92022

    Vice Chair

    Total calculated
    $26,500
    From this org
    $26,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ines Kuperschmit

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Linda Lopez through 92022

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Stephan Ceryanek

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Mike Strouss

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Sonya Lockett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Liba Rubenstien through 92022

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deidre Lind

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jasmine Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Woolfe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erin Dawkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Misty Espinoza

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vikki Karan

    Director

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
Reimbursed Expenses for Home Office, Insurance, Phone, Internet Monthly Pmt of 506.43 or 6077.16/yr.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2023
IRS schema version
2022v5.0
Source object
202301219349302805

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

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