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← IMPETUS FUND

Form 990 for tax year 2023

Filed by IMPETUS FUND.

Totals

Total revenue
$20,178,878
Total expenses
$7,571,770
Contributions and grants received
$19,884,274
Grants paid
$7,017,460
Program service revenue
$0
Investment income
$211,370
Other revenue
$83,234
Total assets, end of year
$16,425,841
Total liabilities, end of year
$1,240,816
Net assets or fund balances, end of year
$15,185,025
Program services expenses (Part IX)
$7,143,178
Management and general expenses
$428,592
Fundraising expenses
$0
Program service expenses (Part III)
$7,143,178

Program services were 94.3% 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

    $19,884,274

  • 1g · Noncash contributions included above

    $11,182,580

  • 3 · Investment income

    total $170,425 · excluded $170,425

  • 7a · Gross sales of assets other than inventory

    securities $11,223,525

  • 7b · Less cost or other basis and sales expenses

    securities $11,182,580

  • 7c · Gain or loss

    securities $40,945

  • 7d · Net gain or loss

    total $40,945 · excluded $40,945

  • 11a · Other revenue: OTHER INCOME

    total $83,234 · excluded $83,234

  • 11e · Other revenue, total

    $83,234

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,017,460 · program services $7,017,460

  • 5 · Compensation of officers, directors and key employees

    total $6,320 · management and general $6,320

  • 11a · Fees: management

    total $332,939 · management and general $332,939

  • 11b · Fees: legal

    total $1,035 · management and general $1,035

  • 11c · Fees: accounting

    total $31,900 · management and general $31,900

  • 11d · Fees: lobbying

    total $120,000 · program services $120,000

  • 11g · Fees: other

    total $45,000 · management and general $45,000

  • 14 · Information technology

    total $340 · management and general $340

  • 16 · Occupancy

    total $1,408 · management and general $1,408

  • 23 · Insurance

    total $9,580 · management and general $9,580

  • 24a · Other expenses: OTHER EXPENSES

    total $5,788 · program services $5,718 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,858,481 · end of year $7,720,615

  • 2 · Savings and temporary cash investments

    beginning of year $805,608 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $8,701,694

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,658 · end of year $3,532

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,830 · end of year $140,816

  • 18 · Grants payable

    beginning of year $0 · end of year $1,100,000

  • 27 · Net assets without donor restrictions

    beginning of year $647,779 · end of year $708,642

  • 28 · Net assets with donor restrictions

    beginning of year $1,930,138 · end of year $14,476,383

Mission and programs · 2023

Mission

TO OPERATE EXCLUSIVELY FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE, INCLUDING, BUT NOT LIMITED TO, PROVIDING PUBLIC EDUCATION, CONDUCTING ADVOCACY, AND ENCOURAGING CIVIC ENGAGEMENT.

Activities or mission (Part I)

IMPETUS FUND (THE "FUND") IS A 501(C)(4) SOCIAL WELFARE ORGANIZATION DEDICATED TO PROMOTING THE COMMON GOOD, IMPROVING THE WELL-BEING OF COMMUNITIES, AND STRENGTHENING SOCIETY AT-LARGE.

  • CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY - THE FUND AIMS TO ADVANCE A BROAD AGENDA OF IMPORTANT SOCIAL ISSUES USING GRANTMAKING, EDUCATION, ADVOCACY, GRASSROOTS ACTIVISM, CIVIC ENGAGEMENT, RESEARCH, LOBBYING, AND OTHER TACTICS AND STRATEGIES. THROUGH ITS EFFORTS, THE FUND'S VISION IS TO ACHIEVE A SOCIETY THAT BENEFITS EVERYONE.

    Expenses $7,143,178 · Grants $7,017,460

As filed on the 2023 return.

Listed in Part VII

  • Ezra Reese

    PRESIDENT AND CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Falona Joy

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Schulz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Saurabh Gupta

    GENERAL COUNSEL (THROUGH 4/2024)

    Total calculated
    $6,320
    From this org
    $6,320
    From related orgs
    $0
    Other
    $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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349313380

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

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