Impact Services Corp
- Assets
- $10.3m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 150
- Location
- Philadelphia, PA
- Founding
- 03/1982
- Data as of
- 06/2021
- EIN
- 23-2087348
Organization Overview
Impact Services Corp is located in Philadelphia, PA. The organization was established in 1982. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2021, Impact Services Corp employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Services Corp 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 06/2021, Impact Services Corp generated $12.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $11.2m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER PEOPLE IN NEED TO ATTAIN THE HOPE, MOTIVATION AND SKILLS NECESSARY TO REACH THEIR FULLEST HUMAN POTENTIAL AND THEIR HIGHEST LEVEL OF PERSONAL AND FAMILY SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING SERVICES ARE PROVIDED TO LOW INCOME PHILADELPHIA RESIDENTS TO ASSIST THEM IN ATTAINING EMPLOYMENT AND/OR CONTINUING THEIR EDUCATION.
HOUSING PROJECTS PROVIDED SHELTER AND ASSISTANCE TO LOW INCOME, NEEDY HONORABLY DISCHARGED VETERANS. RESIDENTIAL MANAGEMENT, LIFE SKILLS, MEDICAL, PSYCHOLOGICAL AND VOCATIONAL SERVICES ARE PROVIDED AT NO COST TO OUR VETERANS.
ECONOMIC DEVELOPMENT ACTIVITIES PROVIDE JOBS, TRANSPORTATION TO WORK AND COMMUNITY ECONOMIC IMPROVEMENTS IN THE PHILADELPHIA AREA. RESIDENTS CAN ALSO GET MATERIALS TO FIX THEIR HOME AT OUR BUILDING MATERAL EXCHANGE. FREE TAX PREPARATION WAS ALSO PROVIDED. OVER 20,000 PEOPLE HAVE BENEFITED FROM OUR ECONOMIC DEVELOPMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey O'donnell President & | Officer | 50 | $200,775 |
Charles Kennedy Director Of | Officer | 40 | $135,013 |
Tracee Hunt Secretary | OfficerTrustee | 2 | $0 |
Dylan Walker Chairman | OfficerTrustee | 2 | $0 |
Lisa Melroy Treasurer | OfficerTrustee | 2 | $0 |
Mark Butler Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,277,587 |
| All other contributions, gifts, grants, and similar amounts not included above | $733,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,011,018 |
| Total Program Service Revenue | $1,429,452 |
| Investment income | $0 |
| 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 | $12,440,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,420,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,356,755 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,035,537 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $146,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,621,523 |
| Travel | $9,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $212,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,255 |
| Insurance | $197,732 |
| All other expenses | $0 |
| Total functional expenses | $11,240,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,965,161 |
| Accounts receivable, net | $598,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,816,553 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $250,279 |
| Net Land, buildings, and equipment | $4,151,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,956 |
| Total assets | $10,268,783 |
| Accounts payable and accrued expenses | $793,557 |
| 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 | $5,352,537 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,340,529 |
| Total liabilities | $7,486,623 |
| Net assets without donor restrictions | -$311,722 |
| Net assets with donor restrictions | $3,093,882 |
| 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 | $10,268,783 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Impact Services Corp has recieved totaling $1,009,000.
| Awarding Organization | Amount |
|---|---|
Barra Foundation Inc Philadelphia, PA PURPOSE: CATALYST FUND GRANT - $212,500, RECOVERY AND RESPONSE GRANT - $100,000 | $312,500 |
William Penn Foundation Philadelphia, PA PURPOSE: EXPAND AND STRENGTHEN WORKFORCE DEVELOPMENT SERVICES | $250,000 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Impactassets Inc Bethesda, MD PURPOSE: SUPPORT FOR KENSINGTON CORRIDOR TRUST (FS'D BY IMPACT SERVICES) FOR THE FOLLOWING PURPOSES: 1) HIRING OF A STRATEGIC PLANNING CONSULTANT, COMMUNICATIONS CONSULTANT, AND COMMUNITY OUTREACH COORDINATOR.2) KCT'S PROPERTY ACQUISITION EFFORTS | $102,500 |
Barra Foundation Inc Philadelphia, PA PURPOSE: RECOVERY AND RESPONSE GRANT | $100,000 |
Thomas Scattergood Behavioral Health Foundation Philadelphia, PA PURPOSE: MENTAL HEALTH- OUTREACH & ENGAGEMENT | $37,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Academy Of Management Inc Briarcliff Manor, NY | $56,747,597 | $15,919,073 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |