Impact Society
- Assets
- $89.7k
- Revenue
- $62.6k
- Investments
- $28.0k
- Employees
- 0
- Location
- Burnsville, MN
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 41-1905957
Organization Overview
Impact Society is located in Burnsville, MN. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Society 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 Society generated $62.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $49.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Impact Society has awarded 31 individual grants totaling $103,735. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Shaw Director | 0.5 | $0 | |
Tom Steinle Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,200 |
| Interest on Savings | $6 |
| Dividends & Interest | $1,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,633 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $544 |
| Contributions, gifts, grants paid | $48,811 |
| Total expenses and disbursements | $49,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,382 |
| Savings and temporary cash investments | $37,289 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $89,673 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Impact Society has awarded $48,811 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MESSIAH UNIVERSITY PURPOSE: UNDESIGNATED TO MEN'S LACROSSE PROGRAM | $1,500 |
LARRY GRAUBERGER PURPOSE: HOUSING ASSISTANCE | $1,321 |
ANNIE O PURPOSE: CAR REPAIRS | $4,818 |
360 COMMUNITIES PURPOSE: VEHICLE REPAIRS FOR JANE | $2,690 |
DOMINIC FOSTER PURPOSE: OIL GAS FOR HEATING | $825 |
360 COMMUNITIES PURPOSE: RENT SUPPORT FOR MARY | $4,765 |