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Nonprofiteer
← PHILANTHROPIC IMPACT FOUNDATION

Form 990 for tax year 2023

Filed by PHILANTHROPIC IMPACT FOUNDATION.

Totals

Total revenue
$30,546,506
Total expenses
$24,916,292
Contributions and grants received
$30,165,817
Grants paid
$23,684,446
Program service revenue
$0
Investment income
$380,689
Other revenue
$0
Total assets, end of year
$9,227,108
Total liabilities, end of year
$58,840
Net assets or fund balances, end of year
$9,168,268
Program services expenses (Part IX)
$23,684,446
Management and general expenses
$1,231,846
Fundraising expenses
$0
Program service expenses (Part III)
$23,684,446

Program services were 95.1% 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

    $30,165,817

  • 3 · Investment income

    total $380,689 · excluded $380,689

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,684,446 · program services $23,684,446

  • 11a · Fees: management

    total $1,218,946 · management and general $1,218,946

  • 11g · Fees: other

    total $132 · management and general $132

  • 23 · Insurance

    total -$65 · management and general -$65

  • 24a · Other expenses: LEGAL AND PROFESSIONAL

    total $12,438 · management and general $12,438

  • 24b · Other expenses: MAIL AND POSTAGE

    total $358 · management and general $358

  • 24c · Other expenses: OFFICE SUPPLIES AND SOF

    total $37 · management and general $37

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,922,226 · end of year $9,211,280

  • 5 · Loans and receivables from officers and key people

    end of year $15,828

  • 17 · Accounts payable and accrued expenses

    end of year $58,840

  • 27 · Net assets without donor restrictions

    beginning of year $27,726 · end of year $17,771

  • 28 · Net assets with donor restrictions

    beginning of year $3,894,500 · end of year $9,150,497

Mission and programs · 2023

Mission

PHILANTHROPIC IMPACT FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION THAT PROVIDES A LEGAL STRUCTURE UNDER WHICH CHARITABLE PROGRAMS MAY OPERATE, ACTING AS FISCAL SPONSOR.

  • ADVERSE CHILDHOOD EXPERIENCES - OR ACES - DIRECTLY IMPACT TWO OUT OF THREE ADULTS IN THE UNITED STATES, AND ABOUT 1 IN 6 ADULTS EXPERIENCE FOUR OR MORE ACES. ACES AND TOXIC STRESS ARE ASSOCIATED WITH OVER 40 COMMON, COSTLY HEALTH CONDITIONS (LIKE HEART DISEASE, CANCER, STROKE, DEPRESSION, ANXIETY) AND ARE ASSOCIATED WITH AT LEAST 8 OF THE 10 LEADING CAUSES OF DEATH IN THE US. ALONG WITH COSTLY HEALTH CONDITIONS AND PREVENTABLE SUFFERING, ACES CAN HAVE NEGATIVE IMPACTS ON EDUCATIONAL, LEARNING, WORKPLACE, RELATIONSHIP, AND FAMILY OUTCOMES, AS WELL FINANCIAL COSTS INTO THE BILLIONS ANNUALLY. LEADING HEALTH EXPERTS BELIEVE ACES AND TOXIC STRESS TO BE ONE OF THE BIGGEST UNADDRESSED PUBLIC HEALTH CHALLENGES IN THE NATION.

    Expenses $5,763,075 · Grants $5,763,075

  • THE SKILLED TRADES INITIATIVE'S GOAL IS TO BRING AN UPSWELL OF TEENS AND YOUNG ADULTS INTO SKILLED TRADE CAREERS. IN CONJUNCTION WITH 'SKILLS USA AND THROUGH TWO PRINCIPLE PROGRAMS: THE 'SKILLS JAM' EPISODIC SERIES AND THE 'SKILLED CAREERS COALITION', THE SKILLED TRADES INITIATIVE IS EXPOSING TEENAGERS, PARENTS AND SCHOOL GUIDANCE COUNSELORS TO THE OPPORTUNITIES AND BENEFITS OF CAREERS IN A SKILLED TRADE.

    Expenses $4,805,428 · Grants $4,805,428

  • SECOND CHANCE HIRING INITIATIVE (AKA TALENT NOVA) IS ABOUT EQUIPPING EMPLOYERS AND JUSTICE-IMPACTED TALENT WITH THE TOOLS, TRAINING, AND CONFIDENCE THEY NEED TO SUCCEED IN THE MODERN WORKFORCE. THE TALENT NOVA PLATFORM WAS BORN OF THE BELIEF THAT ALL PEOPLE DESERVE EQUITABLE ACCESS TO THE CAREERS THEY'RE QUALIFIED FOR REGARDLESS OF THEIR RECORD. WE ARE A PASSIONATE GROUP WITH EXPERTISE IN AN ARRAY OF DISCIPLINARY BACKGROUNDS, LIKE HUMAN RESOURCES, ADVOCACY, BUSINESS, MARKETING, AND RE-ENTRY - AND MANY OF US ARE JUSTICE-IMPACTED. TALENT NOVA IS NOT JUST A PLATFORM; IT'S A LAUNCHING PAD. IT'S DESIGNED TO EQUIP EMPLOYERS AND JUSTICE-IMPACTED TALENT WITH THE TOOLS, KNOWLEDGE, AND CONFIDENCE TO NAVIGATE THE MODERN WORKFORCE WHILE PURSUING AND UNLOCKING ECONOMIC ADVANCEMENT.

    Expenses $3,622,883 · Grants $3,622,883

  • Expenses $9,493,060 · Grants $9,493,060

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KENT E SETON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202432189349301038

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