Skip to content
Nonprofiteer
← PHILANTHROPIC IMPACT FOUNDATION

Form 990 for tax year 2024

Filed by PHILANTHROPIC IMPACT FOUNDATION.

Totals

Total revenue
$17,676,907
Total expenses
$26,845,175
Contributions and grants received
$17,408,452
Grants paid
$26,038,595
Program service revenue
$0
Investment income
$268,455
Other revenue
$0
Total assets, end of year
$8,625
Total liabilities, end of year
$8,625
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$26,038,595
Management and general expenses
$806,580
Fundraising expenses
$0
Program service expenses (Part III)
$26,038,595

Program services were 97.0% 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

    $17,408,452

  • 3 · Investment income

    total $268,455 · excluded $268,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,038,595 · program services $26,038,595

  • 11a · Fees: management

    total $686,090 · management and general $686,090

  • 16 · Occupancy

    total $8,852 · management and general $8,852

  • 23 · Insurance

    total $2,006 · management and general $2,006

  • 24a · Other expenses: LEGAL AND PROFESSIONAL

    total $105,802 · management and general $105,802

  • 24b · Other expenses: OFFICE EXPENSES

    total $3,384 · management and general $3,384

  • 24c · Other expenses: MAIL AND POSTAGE

    total $455 · management and general $455

  • 24d · Other expenses: BANK CHARGES

    total -$9 · management and general -$9

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,211,280 · end of year $8,615

  • 5 · Loans and receivables from officers and key people

    beginning of year $15,828

  • 15 · Other assets

    beginning of year $0 · end of year $10

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,840 · end of year $8,625

  • 27 · Net assets without donor restrictions

    beginning of year $17,771 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $9,150,497 · end of year $0

Mission and programs · 2024

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.

  • 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 PRINCIPAL 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 $4,781,290 · Grants $4,781,290

  • SECOND CHANCE HIRING INITIATIVE (AKA TALENT NOVA) IS ABOUT EQUIPPING JUSTICE-IMPACTED TALENT WITH THE TOOLS, TRAINING, AND CONFIDENCE THEY NEED TO SUCCEED IN THE MODERN WORKFORCE, AND EDUCATING AND SUPPORTING EMPLOYERS THAT HIRE JUSTICE-IMPACTED TALENT IN ORDER TO ADVANCE TALENT NOVA'S CHARITABLE MISSION. 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.

    Expenses $3,963,051 · Grants $3,963,051

  • THE EMPOWER CAMPAIGN EXISTS TO SUPPORT WOMEN AND YOUTH, TO BUILD THEIR CONFIDENCE, BUILD THEIR CHARACTER, EQUIP THEM WITH SKILLS, STRENGTHEN THEM WITH KNOWLEDGE, AND HELP THEM BECOME THE BEST POSSIBLE VERSIONS OF THEMSELVES.

    Expenses $3,074,900 · Grants $3,074,900

  • IN ADDITION TO THE THREE PROGRAM SERVICE ACCOMPLISHMENTS REPORTED ON THIS FORM 990'S PART III, THE ORGANIZATION PROVIDED GRANTS TO 12 OTHER CHARITIABLE INITIATIVES IN 2024 IN ITS ROLE AS A FISCAL SPONSOR.

    Expenses $14,219,354 · Grants $14,219,354

As filed on the 2024 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
2024
Filed
28 May 2025
IRS schema version
2024v5.1
Source object
202511489349301341

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

The source document this was parsed from is served over the API, which is where bulk and document access live.