Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,769,709

• 1f · All other contributions, gifts and grants

  $10,846,671

• 2a · Program service revenue: PROG CONTRACT SERVICES

  total $1,368,061 · related or exempt $1,368,061

• 2b · Program service revenue: PROG SOFTWARE SUBSCRIPTION SERVIC

  total $33,150 · related or exempt $33,150

• 3 · Investment income

  total $137 · excluded $137

• 11a · Other revenue: CARRIED INTEREST

  total $20,039 · excluded $20,039

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $1,018 · excluded $1,018

• 11e · Other revenue, total

  $21,057

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $330,000 · program services $330,000

• 3 · Grants to foreign organizations and individuals

  total $385,000 · program services $385,000

• 5 · Compensation of officers, directors and key employees

  total $654,174 · program services $594,428 · management and general $27,651 · fundraising $32,095

• 7 · Other salaries and wages

  total $3,414,591 · program services $3,096,842 · management and general $140,212 · fundraising $177,537

• 8 · Pension plan contributions

  total $55,255 · program services $51,292 · management and general $3,092 · fundraising $871

• 9 · Other employee benefits

  total $154,726 · program services $143,627 · management and general $8,659 · fundraising $2,440

• 10 · Payroll taxes

  total $359,616 · program services $345,553 · management and general $8,454 · fundraising $5,609

• 11b · Fees: legal

  total $84,219 · program services $82,403 · management and general $1,372 · fundraising $444

• 11c · Fees: accounting

  total $286,608 · program services $280,430 · management and general $4,668 · fundraising $1,510

• 11g · Fees: other

  total $1,378,595 · program services $1,249,626 · management and general $122,749 · fundraising $6,220

• 12 · Advertising and promotion

  total $5,495 · program services $5,299 · management and general $196

• 13 · Office expenses

  total $218,585 · program services $199,946 · management and general $18,639

• 14 · Information technology

  total $313,676 · program services $313,676

• 16 · Occupancy

  total $58,932 · program services $58,932

• 17 · Travel

  total $324,770 · program services $298,480 · management and general $18,943 · fundraising $7,347

• 19 · Conferences, conventions and meetings

  total $18,127 · program services $14,115 · fundraising $4,012

• 22 · Depreciation, depletion and amortization

  total $262,015 · program services $255,229 · management and general $6,786

• 23 · Insurance

  total $31,333 · program services $30,788 · management and general $430 · fundraising $115

• 24a · Other expenses: EVENTS

  total $112,170 · program services $99,059 · management and general $13,111

• 24b · Other expenses: MATERIALS AND SUPPLIES

  total $56,307 · program services $48,655 · management and general $5,653 · fundraising $1,999

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,016,475 · end of year $9,333,484

• 2 · Savings and temporary cash investments

  beginning of year $351,852 · end of year $627,223

• 3 · Pledges and grants receivable

  beginning of year $889,135 · end of year $413,334

• 7 · Other notes and loans receivable

  beginning of year $75,000 · end of year $558,984

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,776 · end of year $208,124

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

  $1,673,196

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

  $1,673,196

• 10c · Land, buildings and equipment, net

  beginning of year $262,015 · end of year $0

• 12 · Investments: other securities

  beginning of year $955,000 · end of year $1,605,000

• 15 · Other assets

  beginning of year $59,234 · end of year $55,363

• 17 · Accounts payable and accrued expenses

  beginning of year $742,098 · end of year $536,520

• 19 · Deferred revenue

  beginning of year $2,508,814 · end of year $2,370,826

• 25 · Other liabilities

  beginning of year $1,690,000 · end of year $1,690,000

• 27 · Net assets without donor restrictions

  beginning of year $555,784 · end of year $1,829,089

• 28 · Net assets with donor restrictions

  beginning of year $2,113,791 · end of year $6,375,077

The filer's explanations (Part III)

PART I, LINE 5

THE ORGANIZATION PROVIDED BONUSES TO CERTAIN INDIVIDUALS REPORTED ON FORM 990, PART VII WHICH ARE DETERMINED (IN PART) BY THE ACHIEVEMENT OF REVENUE TARGETS BY THE ORGANIZATION.

PART I, LINE 6

THE ORGANIZATION PROVIDED BONUSES TO CERTAIN INDIVIDUALS REPORTED ON FORM 990, PART VII WHICH ARE DETERMINED (IN PART) BY THE ACHIEVEMENT OF NET EARNINGS TARGETS BY THE ORGANIZATION.

PART I, LINE 7

THE ORGANIZATION PROVIDES NON-FIXED PAYMENTS IN THE FORM OF BONUSES, WHICH ARE PERFORMANCE BASED AND NOT FIXED IN ADVANCE BY A FORMULA. THE ORGANIZATION UTILIZES TWO FACTORS IN DETERMINING ANNUAL AWARDS FOR EMPLOYEES: (I) THE YEAR-END FINANCIAL PERFORMANCE OF THE COMPANY, INCLUDING ACHIEVEMENT OF REVENUE TARGETS AND CHANGE IN NET ASSETS, AND (II) AN EMPLOYEE'S INDIVIDUAL PERFORMANCE RATING, AS ASSESSED BY THEIR MANAGER (FOR WHICH DISCRETION IS UTILIZED).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• VILCAP IMPACT VENTURES LLC

  INVESTMENTS - MISSION RELATED · DE · income $0 · assets $2,192,336

  Directly controlled by VILCAP INC

Related partnerships

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

• FINANCIAL HEALTH INNOVATION FUND LLC

  EXCLUDED · INVESTING · DE · general or managing partner

  Directly controlled by VILCAP INC