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Nonprofiteer
← UNIVERSITY IMPACT

Form 990 for tax year 2022

Filed by UNIVERSITY IMPACT.

Totals

Total revenue
$97,083,151
Total expenses
$18,086,386
Contributions and grants received
$101,870,367
Grants paid
$14,405,831
Program service revenue
$36,783
Investment income
-$4,823,999
Other revenue
$0
Total assets, end of year
$135,449,105
Total liabilities, end of year
$904,077
Net assets or fund balances, end of year
$134,545,028
Program services expenses (Part IX)
$15,885,025
Management and general expenses
$2,174,832
Fundraising expenses
$26,529
Program service expenses (Part III)
$15,885,025

Program services were 87.8% 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

    $101,870,367

  • 1g · Noncash contributions included above

    $68,240,443

  • 2a · Program service revenue: INVESTMENT MANAGEMENT FEES

    total $36,783 · related or exempt $36,783

  • 3 · Investment income

    total $1,695,977 · unrelated business $2,548,521 · excluded -$852,544

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $52,803 · other assets $12,466,300

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

    other assets $19,039,079

  • 7c · Gain or loss

    securities $52,803 · other assets -$6,572,779

  • 7d · Net gain or loss

    total -$6,519,976 · unrelated business $204 · excluded -$6,520,180

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,936,399 · program services $13,936,399

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $469,432 · program services $469,432

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $9,616 · management and general $9,616

  • 6 · Compensation of disqualified persons

    total $266,003 · management and general $266,003

  • 7 · Other salaries and wages

    total $517,209 · program services $71,197 · management and general $446,012

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $11,251 · program services $5,728 · management and general $5,523

  • 10 · Payroll taxes

    total $31,418 · management and general $31,418

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $117,089 · program services $5,000 · management and general $112,089

  • 11c · Fees: accounting

    total $51,113 · management and general $51,113

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $258,827 · program services $258,827

  • 11g · Fees: other

    total $509,030 · program services $509,030

  • 12 · Advertising and promotion

    total $56,952 · program services $36,006 · fundraising $20,946

  • 13 · Office expenses

    total $489,991 · program services $30,529 · management and general $459,462

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $57,088 · program services $22,541 · management and general $34,547

  • 17 · Travel

    total $67,993 · program services $62,925 · fundraising $5,068

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $515 · fundraising $515

  • 20 · Interest

    total $18,768 · management and general $18,768

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $36,490 · management and general $36,490

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $452,551 · program services $452,551

  • 24b · Other expenses: EVENTS

    total $24,860 · program services $24,860

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $703,791 · management and general $703,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,250,930 · end of year $4,352,491

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $53,894

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $972,445

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $7,774 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $23,852,786 · end of year $68,471,035

  • 12 · Investments: other securities

    beginning of year $0 · end of year $61,577,241

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $23,256,141 · end of year $21,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $71,575

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $151,944

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $44,751 · end of year $5,251

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $675,307

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,820 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $65,320,060 · end of year $133,156,863

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $1,388,165

Mission and programs · 2022

Mission

UNIVERSITY IMPACT (UI) WAS FOUNDED TO BUILD AN ECOSYSTEM THAT CAN ACCELERATE SOLVING THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS. THAT ECOSYSTEM CONSISTS OF: 1) UNIVERSITY STUDENTS, 2) IMPACT STARTUPS IN NEED OF CONSULTING SERVICES AND THAT ARE PREPARING TO FUNDRAISE, AND 3) ACADEMIC INSTITUTIONS RESEARCHING SOLUTIONS TO THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.

Activities or mission (Part I)

UNIVERSITY IMPACT (UI) WAS FOUNDED TO BUILD AN ECOSYSTEM THAT CAN ACCELERATE SOLVING THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.

  • UNIVERSITY IMPACT HELD A NUMBER OF ONLINE TRAINING SESSIONS, TRAINING 113 STUDENTS, AND ALSO HELPED PERFORM DUE DILIGENCE BY: I. DEAL SCREENS ON 81 COMPANIES II. 31 DUE DILIGENCE MEMOS

    Expenses $97,997 · Grants $97,997 · Revenue $4,800

  • UNIVERSITY IMPACT SERVES AS A SPONSORING ORGANIZATION AS DESCRIBED IN CODE SECTION 4966(D)(1) AND MAINTAINS A PORTFOLIO OF DONOR ADVISED FUNDS DAFS. EACH DAF IS AN ACCOUNT: I. SEPARATELY IDENTIFIED BY REFERENCE TO CONTRIBUTIONS OF A DONOR OR DONORS; II. OWNED AND CONTROLLED BY UNIVERSITY IMPACT; III. AND HAS ADVISORY, NON-BINDING PRIVILEGES WITH RESPECT TO THE DISTRIBUTIONS OR INVESTMENTS OF THE DAF FUNDS.

    Expenses $15,079,368 · Grants $14,307,834 · Revenue $22,019

  • THE CORPORATION ALSO ACTS AS A FISCAL SPONSOR FOR EMERGING CHARITABLE PROJECTS THAT HAVE NOT YET RECEIVED FEDERAL TAX EXEMPTION.

    Expenses $707,660

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Blake

    EXECUTIVE DIRECTOR

    Total calculated
    $9,616
    From this org
    $9,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Kurt Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Manwaring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Aaron Miller

    Board Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Geoff Woolley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Katherine Ritchie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lindsey Padjen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Chaitali Patel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349305748

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

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