Impact Network Inc
- Assets
- $5.9m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Detroit, MI
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-3346714
Organization Overview
Impact Network Inc is located in Detroit, MI. The organization was established in 2011. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Impact Network Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Network Inc 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 12/2022, Impact Network Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 14.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPACT NETWORK, INC. IS A 100% CHRISTIAN MANAGED TELECOMMUNICAITON NETWORK. IMPACT NETWORK, INC. IS A TELECOMMUNICATIONS NETWORK FOR THE DISTRIBUTION OF TELEVISION CONTENT WHEREBY THE CENTRAL OPERATION PROVIDES PROGRAMMING TO CABLE TELEVISION, TELEVISION AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT NETWORK, INC. FULFILLED ITS CHARITABLE OBJECTIVES THROUGH PROVIDING QUALITY PROGRAMMING AND PROGRAM SERVICES. THESE PROGRAM SERVICES EXPENSES INCLUDE GENERAL NETWORK OPERATIONAL EXPENSES, FIBER ACCESS EXPENSES, PRODUCTION EXPENSES, AND BROADCASTING EXPENSES.
IMPACT NETWORK, INC. HAS DEDICATED ITS PROGRAMMING TO PROVIDING SPIRITUAL, EDUCATIONAL, SOCIAL, PERSONAL, AND EMOTIONALLY RELEVANT PROGRAMMING BY ENSURING THAT THE NETWORK MINISTERS TO THE WHOLISTIC NEEDS OF THE TOTAL MAN THROUGH VARIOUS NETWORK OPPORTUNITIES.
IMPACT NETWORK, INC. ENSURED ITS CHARITABLE OBJECTIVES BY ACHIEVING ITS PROGRAM SERVICES REQUIREMENTS THROUGH MAINTAINING CONTRACT SERVICES AND EXPENSES WITHIN AN ACCEPTABLE RATIO OF THE ORGANIZATION'S NET INCOME. PROFESSIONAL SERVICES (I.E. ACCOUNTING, LEGAL), ALONG WITH PRODUCTION, NETWORK OPERATIONS, AND OTHER CONTRACT SERVICES ALL FULFILLED THE PROGRAM OBJECTIVES OF THE ORGANIZATION.
IMPACT NETWORK, INC. ENSURED ITS CHARITABLE OBJECTIVES BY IDENTIFYING SALES OPPORTUNITIES AND THE MARKETS IN WHICH THOSE OPPORTUNITIES CAN BE EXPLORED AND CAPITALIZED. TO ACHIEVE THIS PROGRAM SERVICE OBJECTIVE, MEMBERS OF THE MANAGEMENT TEAM HAD TO TRAVEL TO CONFERENCES, CONVENTIONS, AND MEETINGS ALONG WITH DEVELOP AND TRAVEL TO STRATEGIC MARKETS FOR THE PURPOSES OF PROMOTING NETWORKING OPPORTUNITIES TO PROSPECTIVE SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Wayne T Jackson President/executive Director | OfficerTrustee | 30 | $389,200 |
Dr Beverly Y Jackson Vice President/director | OfficerTrustee | 20 | $55,000 |
Pastor Fred Brame II Treasurer/director | OfficerTrustee | 15 | $0 |
Dominique Y Brame Secretary/director | OfficerTrustee | 10 | $0 |
Pastor Clarence Langston Director | OfficerTrustee | 10 | $0 |
Dr Ira V Hilliard Director | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,419,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,419,746 |
| Total Program Service Revenue | $0 |
| 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 | $7,419,746 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $5,608,559 |
| Total functional expenses | $5,608,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,985,696 |
| Savings and temporary cash investments | $1,213,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $598,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,097,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,895,178 |
| Accounts payable and accrued expenses | $118,615 |
| 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 | $898,086 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,588,738 |
| Other liabilities | $2,289,739 |
| Total liabilities | $5,895,178 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,895,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Network Inc Detroit, MI | $5,895,178 | $7,419,746 |
Wrvm Inc Suring, WI | $1,986,047 | $1,192,484 |
Promise Of Hope Ministries Hilliard, OH | $609,387 | $120,616 |
Isaac Tv canfield, OH | $29,397 | $0 |
Rosary Evangelization Apostolate Inc Oak Creek, WI | $18,060 | $0 |
Being One No Division Ministries Inc Lansing, MI | $193,658 | $0 |
Faithville Usa Gospelcast Productions Detroit, MI | $14,983 | $0 |
Gdm Broadcasting Foundation Cincinnati, OH | $23,220 | $0 |