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Nonprofiteer
← EPISCOPAL IMPACT FUND

Form 990 for tax year 2023

Filed by EPISCOPAL IMPACT FUND.

Totals

Total revenue
$965,537
Total expenses
$1,090,861
Contributions and grants received
$499,589
Grants paid
$512,006
Program service revenue
$0
Investment income
$201,332
Other revenue
$264,616
Total assets, end of year
$6,149,872
Total liabilities, end of year
$90,170
Net assets or fund balances, end of year
$6,059,702
Program services expenses (Part IX)
$735,992
Management and general expenses
$133,665
Fundraising expenses
$221,204
Program service expenses (Part III)
$735,992

Program services were 67.5% 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.

  • 1c · Fundraising events

    $272,727

  • 1f · All other contributions, gifts and grants

    $226,862

  • 3 · Investment income

    total $186,104 · excluded $186,104

  • 7a · Gross sales of assets other than inventory

    securities $141,998

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

    securities $126,770

  • 7c · Gain or loss

    securities $15,228

  • 7d · Net gain or loss

    total $15,228 · excluded $15,228

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $272,727

  • 8b · Fundraising events: direct expenses

    $136,980

  • 8c · Net income from fundraising events

    total -$136,980 · excluded -$136,980

  • 11a · Other revenue: Administrative Allocat

    total $401,596 · related or exempt $401,596

  • 11e · Other revenue, total

    $401,596

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $512,006 · program services $512,006

  • 5 · Compensation of officers, directors and key employees

    total $238,480 · program services $143,088 · management and general $47,696 · fundraising $47,696

  • 7 · Other salaries and wages

    total $157,661 · program services $38,042 · management and general $31,895 · fundraising $87,724

  • 8 · Pension plan contributions

    total $11,272 · program services $2,153 · management and general $2,284 · fundraising $6,835

  • 9 · Other employee benefits

    total $12,232 · program services $6,899 · management and general $2,274 · fundraising $3,059

  • 10 · Payroll taxes

    total $23,183 · program services $10,094 · management and general $4,661 · fundraising $8,428

  • 11c · Fees: accounting

    total $20,800 · management and general $20,800

  • 11f · Fees: investment management

    total $10,314 · management and general $10,314

  • 11g · Fees: other

    total $24,126 · fundraising $24,126

  • 12 · Advertising and promotion

    total $42,244 · program services $12,041 · fundraising $30,203

  • 13 · Office expenses

    total $5,309 · program services $3,028 · management and general $2,083 · fundraising $198

  • 17 · Travel

    total $1,310 · program services $1,112 · fundraising $198

  • 19 · Conferences, conventions and meetings

    total $9,827 · program services $4,610 · management and general $4,750 · fundraising $467

  • 22 · Depreciation, depletion and amortization

    total $828 · program services $239 · management and general $376 · fundraising $213

  • 23 · Insurance

    total $7,131 · program services $736 · management and general $5,659 · fundraising $736

  • 24a · Other expenses: Equipment Maintenance a

    total $13,427 · program services $1,374 · management and general $748 · fundraising $11,305

  • 24b · Other expenses: Other Operating Expense

    total $692 · program services $551 · management and general $125 · fundraising $16

  • 24c · Other expenses: Traning and Development

    total $19 · program services $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $789,234 · end of year $1,187,832

  • 2 · Savings and temporary cash investments

    beginning of year $473,398 · end of year $118,096

  • 3 · Pledges and grants receivable

    beginning of year $632,174 · end of year $527,492

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,720 · end of year $10,872

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

    $62,455

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

    $61,461

  • 10c · Land, buildings and equipment, net

    beginning of year $1,822 · end of year $994

  • 11 · Investments: publicly traded securities

    beginning of year $3,499,388 · end of year $4,304,586

  • 15 · Other assets

    beginning of year $448,500 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,291 · end of year $90,170

  • 27 · Net assets without donor restrictions

    beginning of year $3,642,065 · end of year $3,782,073

  • 28 · Net assets with donor restrictions

    beginning of year $2,130,880 · end of year $2,277,629

Mission and programs · 2023

Mission

Episcopal Impact Fund has a vision of a Bay Area where all our neighbors have the opportunities and resources they need to thrive

Activities or mission (Part I)

Grantmaking organization that helps elevate the lives of our Bay Area neighbors experiencing poverty.

  • Episcopal Impact Fund makes grants to community-based organizations doing heart-centered work to end the cycle of poverty for Bay Area families. We use our experience and a strategic process to find, fund, and support hands-on service providers ready to make an impact today. We have been funding community-based poverty relief efforts for decades. Based on our experience, we focus on housing security for families as a cornerstone in breaking the cycle of intergenerational poverty in the Bay Area. We combine the generosity and engagement of our supporters with hands-on nonprofit organizations to make an impact for our most vulnerable neighbors.-Volunteering is one of the ways we provide value and support to our grantee partners. Our volunteers have renovated shelters, distributed groceries at emergency food pantries, served hot breakfast to our unhoused neighbors in the Tenderloin, and wrapped and delivered Christmas presents to children living in shelters during the holidays.-At the core of our mission is the unwavering belief that stable housing is a fundamental human right. We collaborate with faith-based organizations to leverage their surplus or underutilized land to provide low-cost housing solutions to those in need

    Expenses $735,992 · Grants $512,006 · Revenue $401,596

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

Listed in Part VII

  • The Rt Rev Marc Handley Andrus

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Craige Bertero

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Brooks

    President

    Total calculated
    $0
    Hours/week
    2

  • Ann Akichika

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Marsha Dugan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • The Rev Beth Lind Foote

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • John Hockin

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Peter Kidder

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Wells Blaxter

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Mindy Bush

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Michelle Myles Chambers

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Aaron Mullen

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Tricia Hayes Christensen

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Don Miller

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Speed

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Garrett Price

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Andrew Woeber

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Greg Ryan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • The Rev Liz Munoz

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Christina Alvarez

    Executive Director

    Total calculated
    $238,480
    From this org
    $185,908
    From related orgs
    $0
    Other
    $52,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,908
    Bonus
    $0
    Other
    $0
    Deferred
    $16,732
    Nontaxable benefits
    $35,840
    Filer's total
    $238,480

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • The Brotherton Fund

    501(c)(3) · To support CPMC Mission/Bernal Campus & the general health and welfare in SF · CA

    Directly controlled by Episcopal Impact Fund

  • Episcopal Diocese Of California

    501(c)(3) · To serve a diverse community of faith encompassing the greater SF Bay Area. · CA

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202412289349303071

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