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Nonprofiteer
← COMMUNITY IMPACT FUND

Form 990 for tax year 2025

Filed by COMMUNITY IMPACT FUND.

Totals

Total revenue
$2,275,736
Total expenses
$2,061,170
Contributions and grants received
$1,356,030
Grants paid
$332,481
Program service revenue
$884,182
Investment income
$35,524
Other revenue
$0
Total assets, end of year
$3,381,216
Total liabilities, end of year
$180,401
Net assets or fund balances, end of year
$3,200,815
Program services expenses (Part IX)
$1,896,858
Management and general expenses
$129,972
Fundraising expenses
$34,340
Program service expenses (Part III)
$1,896,858

Program services were 92.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,356,030

  • 2a · Program service revenue: FOM FEE

    total $301,000 · related or exempt $301,000

  • 2b · Program service revenue: ANNUAL FEE

    total $208,467 · related or exempt $208,467

  • 2c · Program service revenue: IMPACT LOAN INTEREST

    total $201,898 · related or exempt $201,898

  • 2d · Program service revenue: LOAN FEE

    total $165,827 · related or exempt $165,827

  • 2e · Program service revenue: GRANT PROGRAM FEE

    total $6,990 · related or exempt $6,990

  • 3 · Investment income

    total $35,524 · excluded $35,524

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $332,481 · program services $332,481

  • 5 · Compensation of officers, directors and key employees

    total $139,900 · program services $83,940 · management and general $41,970 · fundraising $13,990

  • 7 · Other salaries and wages

    total $212,020 · program services $170,300 · management and general $26,701 · fundraising $15,019

  • 8 · Pension plan contributions

    total $8,937 · program services $5,709 · management and general $2,722 · fundraising $506

  • 9 · Other employee benefits

    total $8,650 · program services $7,440 · management and general $490 · fundraising $720

  • 10 · Payroll taxes

    total $28,871 · management and general $28,871

  • 11b · Fees: legal

    total $10,227 · program services $5,114 · management and general $5,113

  • 11c · Fees: accounting

    total $2,292 · program services $1,146 · management and general $1,146

  • 11g · Fees: other

    total $13,510 · program services $9,902 · management and general $2,958 · fundraising $650

  • 12 · Advertising and promotion

    total $1,847 · program services $1,698 · fundraising $149

  • 13 · Office expenses

    total $3,985 · program services $2,209 · management and general $1,697 · fundraising $79

  • 17 · Travel

    total $9,111 · program services $8,887 · fundraising $224

  • 20 · Interest

    total $3,772 · management and general $3,772

  • 23 · Insurance

    total $6,382 · management and general $6,382

  • 24a · Other expenses: FEES

    total $381,994 · program services $381,852 · management and general $71 · fundraising $71

  • 24b · Other expenses: IMPACT LOAN RELIEF

    total $373,238 · program services $373,238

  • 24c · Other expenses: PROGRAM EXPENSE

    total $263,412 · program services $263,412

  • 24d · Other expenses: LOANS TRANSFERRED

    total $169,500 · program services $169,500

  • 24e · All other expenses

    total $91,041 · program services $80,030 · management and general $8,079 · fundraising $2,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $629,624 · end of year $746,368

  • 2 · Savings and temporary cash investments

    beginning of year $797,257 · end of year $1,395,494

  • 13 · Investments: program-related

    beginning of year $1,597,833 · end of year $1,239,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,633 · end of year $10,401

  • 23 · Secured mortgages and notes payable

    beginning of year $34,832 · end of year $170,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,857,320 · end of year $114,905

  • 28 · Net assets with donor restrictions

    beginning of year $1,128,929 · end of year $3,085,910

Mission and programs · 2025

Mission

VISION: EVERYONE HAS A PATH TO FINANCIAL FREEDOM.MISSION: PARTNERING WITH EMPLOYERS TO EMPOWER ALICE INDIVIDUALS TOWARDS FINANCIAL SECURITY.

Activities or mission (Part I)

PARTNERING WITH EMPLOYERS TO EMPOWER ALICE INDIVIDUALS TOWARDS FINANCIAL SECURITY.

  • COMMUNITY ASSISTANCE: PROVIDE 0% INTEREST, SMALL-DOLLAR IMPACT LOANS AND LIMITED SMALL-DOLLAR GRANTS TYPICALLY RANGING BETWEEN 500 AND 3,000 TO COMMUNITY MEMBERS FACING FINANCIAL DISTRESS OR POVERTY. THE IMPACT LOAN PROGRAM INCLUDES A COMPLIMENTARY MEMBERSHIP IN CIF'S FINANCIAL EDUCATION PROGRAM.

    Expenses $1,760,358 · Grants $332,481 · Revenue $582,492

  • FINANCIAL EDUCATION: CIF'S FINANCIAL EDUCATION MEMBERSHIP PROVIDES FINANCIAL EDUCATION THROUGH MONTHLY NEWSLETTERS, QUARTERLY WEBINARS, A MEMBER RESOURCE PORTAL, AND ACCESS TO FINANCIAL COACHING. CIF HAS BOTH ORGANIZATIONAL MEMBERS AND NATURAL (INDIVIDUAL) MEMBERS WHO MUST SELF-ENROLL, PAY DUES, AND HOLD VOTING RIGHTS. OTHER INDIVIDUAL MEMBERS RECEIVE COMPLIMENTARY MEMBERSHIPS IF THEY ARE ENGAGED IN OUR COMMUNITY ASSISTANCE IMPACT LOAN PROGRAM. IN ADDITION, CREDIT UNION (CU) ASSOCIATION MEMBERS HAVE THE UNIQUE AUTHORITY TO ENROLL MEMBERS ON CIF'S BEHALF THROUGH A MEMBERSHIP PATHWAY TIED SPECIFICALLY TO THE ASSOCIATION MEMBER CREDIT UNION'S FIELD OF MEMBERSHIP. CU ASSOCIATION MEMBERS PAY ANNUAL DUES TO CIF BASED ON THEIR ASSET SIZE AT THE TIME DUES ARE ASSESSED. THIS ALLOWS THEM TO OFFER COMPLIMENTARY MEMBERSHIPS TO THE INDIVIDUALS AND ORGANIZATIONS THEY ENROLL ON CIF'S BEHALF. ASSOCIATION MEMBERS EACH HOLD ONE VOTE AS MEMBERS OF CIF.

    Expenses $136,500 · Revenue $301,690

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matt King

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Merry Pateuk

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tad Jones

    TREASURER (UNTIL 12/25)

    Total calculated
    $0
    Hours/week
    1

  • Will Goodale

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brandon Melton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Halley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Josh Allan Dykstra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cedric Lipsey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judah Musick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Scheid

    EXECUTIVE DIRECTOR

    Total calculated
    $139,969
    From this org
    $132,294
    From related orgs
    $0
    Other
    $7,675
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
26 August 2026
IRS schema version
2025v4.2
Source object
202602409349301300

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