Impact America
- Assets
- $776.4k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 81
- Location
- Birmingham, AL
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 20-0850212
Organization Overview
Impact America is located in Birmingham, AL. The organization was established in 2004. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Impact America employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact America is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Impact America generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Impact America has awarded 50 individual grants totaling $280,492. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ACTIVATE RECENT COLLEGE GRADUATES TO ADDRESS CONSEQUENCES OF POVERTY THROUGH HEALTH, ECONOMIC, AND EDUCATION-BASED INITIATIVES, CREATING A LASTING IMPACT IN LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICORPS RELATED EXPENSES.
SPEAKFIRST: AN ALABAMA STUDENT DEBATE INITIATIVE THAT ENRICHES THE ACADEMIC EXPERIENCE OF TALENTED AND MOTIVATED STUDENTS FROM THE BIRMINGHAM AREA SCHOOLS THROUGH PARTICIPATION IN AN "ALL-STAR" DEBATE TEAM AND PREPARATORY PROGRAM.
FOCUSFIRST: A HIGH-TECH VISION CARE INITIATIVE PROVIDES A COST-EFFECTIVE DIRECT RESPONSE TO THE VISION PROBLEMS OF PRESCHOOL-AGED CHILDREN WHO LIVE IN URBAN AND RURAL COMMUNITIES - PROVIDING FREE VISION SCREENINGS TO CHILDREN IN HEAD STARTS AND DAYCARES USING HIGH-TECH DIGITAL SCREENING CAMERAS. ALL CHILDREN FAILING THE SCREENINGS RECEIVE FREE OR SUBSIDIZED FOLLOW-UP CARE.
SAVEFIRST: A HIGH-QUALITY TAX PREPARATION INITIATIVE THAT TRAINS COLLEGE GRADUATE, AND LAW STUDENTS TO PROVIDE FREE TAX PREPARATION SERVICES TO LOW-INCOME WORKING FAMILIES - ESPECIALLY TARGETING THOSE ELIGIBLE FOR THE EARNED INCOME TAX CREDIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Couch Member | Trustee | 1 | $0 |
Tiffany Davis Member | Trustee | 1 | $0 |
Courtney Stephens Member | Trustee | 1 | $0 |
Jim Kennemer Member | Trustee | 1 | $0 |
Frank Mcphillips Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Moore Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,456,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,954,584 |
| Total Program Service Revenue | $0 |
| Investment income | $2,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,959,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,429 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,404 |
| Compensation of current officers, directors, key employees. | $1,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,044,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,538 |
| Payroll taxes | $85,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,866 |
| Fees for services: Lobbying | $67,316 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,180 |
| Advertising and promotion | $0 |
| Office expenses | $46,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,534 |
| Travel | $159,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,633 |
| Insurance | $39,022 |
| All other expenses | $34,968 |
| Total functional expenses | $2,051,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,828 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,836 |
| Accounts receivable, net | $58,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $109,645 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,121 |
| Net Land, buildings, and equipment | $44,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $800 |
| Other assets | $13,085 |
| Total assets | $776,441 |
| Accounts payable and accrued expenses | $5,332 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,606 |
| Total liabilities | $31,938 |
| Net assets without donor restrictions | $519,268 |
| Net assets with donor restrictions | $225,235 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $776,441 |
Grants Awarded
Over the last fiscal year, Impact America has awarded $22,275 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RSVP OF ETOWAH COUNTY PURPOSE: Reimbursement for expenses incurred as subgrantee on the IRS Vita Grant. | $5,250 |
UNITED WAY OF SOUTHWEST ALABAMA PURPOSE: Reimbursement for expenses incurred as subgrantee on the IRS Vita Grant. | $6,000 |
UNITED WAY OF EAST CENTRAL ALABAMA PURPOSE: Reimbursement for expenses incurred as subgrantee on the IRS Vita Grant. | $11,025 |