Not Impossible Foundation Inc
- Assets
- $1.3m
- Revenue
- $444.5k
- Investments
- $273.1k
- Employees
- 0
- Location
- Venice, CA
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-1601262
Organization Overview
Not Impossible Foundation Inc is located in Venice, CA. The organization was established in 2012. According to its NTEE Classification (G96) the organization is classified as: Neurology & Neuroscience, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Not Impossible Foundation 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 12/2023, Not Impossible Foundation Inc generated $444.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $401.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NOT IMPOSSIBLE FOUNDATION FUELS TECHNOLOGY FOR THE SAKE OF HUMANITY THROUGH ENTREPRENEURSHIP, INNOVATION AND STORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANDMINES:NOT IMPOSSIBLE LABS FORMED THE LANDMINE ERADICATION COALITION TO PAVE A NEW ROAD TO APPROACHING LANDMINE DETECTION, LOCATION, IDENTIFICATION, AND REMOVAL BY BRINGING TOGETHER INDIVIDUALS, ORGANIZATIONS, AND COMPANIES UNDER A SINGLE MISSION - TO RID THE WORLD OF LANDMINES AND RENDER THEM OBSOLETE.AFTER IDENTIFYING POSSIBLE SOLUTIONS, WE WILL PARTNER WITH KEY COALITION PARTNERS TO INNOVATE AND TEST PROTOTYPICAL SOLUTIONS THAT ARE OUTCOMES FROM THE COLLECTIVE RESEARCH, ANALYSIS, AND WORKING SESSION. THROUGH A PHASED PILOT APPROACH, WE WILL IDENTIFY, ORGANIZE, TEST, AND ACCELERATE "BEST IN CLASS" PROCESSES, PROTOCOLS, SOLUTIONS, AND PLAYERS AT THE FOREFRONT OF IDENTIFYING LANDMINES TO DELIVER AN IMPACT STRATEGY THAT PROMISES NOVEL SOLUTIONS.
NOT IMPOSSIBLE INSTITUTE TRAINING: THE NOT IMPOSSIBLE INSTITUTE OFFERS TRAINING SESSIONS BASED ON OUR CURRICULA, ACROSS THE COUNTRY IN A VARIETY OF SETTINGS, IN PARTNERSHIP WITH COMPANIES, ACADEMIC INSTITUTIONS, AND COMMUNITY ORGANIZATIONS. THIS PROGRAMMING WILL PROVIDE PARTICIPANTS WITH THE KNOWLEDGE AND SKILLS THEY NEED TO ACTIVATE THE CHANGEMAKER WITHIN THEM.
PROJECT DANIEL: 3D PRINT PROSTHETICS FUNDS THE CONTINUED HEALTH AND EDUCATION OF THE ALPHA PROSTHETIC USERS THAT TELLS THE STORY OF THE BETA PROSTHETIC USERS IN ORDER TO ADVANCE THE CONTINUED DEVELOPMENT OF ACCESSIBLE 3D PROSTHETIC SOLUTIONS.
PROJECT TEMPT: EYEWRITER DEVELOPMENT FUNDING IS THE CONTINUED HEALTH AND SUPPORT OF THE ALPHA EYEWRITER USER THAT TELLS THE STORY OF THE BETA USER TO ADVANCE THE CONTINUED DEVELOPMENT OF ACCESSIBLE HEALTH TECH SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Blacker President | Trustee | 1 | $0 |
Karen Diener Board Member | Trustee | 4 | $0 |
John Jacobs Board Member | Trustee | 4 | $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 | $177,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,615 |
| Total Program Service Revenue | $250,000 |
| Investment income | $7,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,109 |
| 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 | $770 |
| Fees for services: Accounting | $15,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $497 |
| Fees for services: Other | $78,758 |
| Advertising and promotion | $6,257 |
| Office expenses | $22,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,630 |
| 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 | $0 |
| Total functional expenses | $401,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,039,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $907 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $273,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,313,988 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $1,313,988 |
| Total liabilities and net assets/fund balances | $1,313,988 |
Grants Awarded
Over the last fiscal year, Not Impossible Foundation Inc has awarded $118,284 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: GRANT TO ADA | $112,000 |
SAMARITAN'S PURSE PURPOSE: DONATION TO COVER EXPENSES IN SOUTH SUDAN | $6,284 |