Impact 360 Institute Inc
- Assets
- $4.5m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 63
- Location
- Atlanta, GA
- Founding
- 06/2013
- Data as of
- 12/2019
- EIN
- 45-4971921
Organization Overview
Impact 360 Institute Inc is located in Atlanta, GA. The organization was established in 2013. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2019, Impact 360 Institute Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact 360 Institute 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 12/2019, Impact 360 Institute Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $8.8m during the year ending 12/2019. While expenses have increased by 22.0% per year over the past 4 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
EQUIPPING CHRISTIANS TO UNDERSTAND, DEFEND, AND LIVE OUT THEIR FAITH IN THE MARKETPLACE THROUGH ONLINE MEDIA RESOURCES, PRINTED CURRICULUM, AS WELL AS YEAR ROUND RESIDENTIAL AND NON-RESIDENTIAL EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWS: DURING 2019, THE IMPACT 360 GAP YEAR PROGRAM SERVED AN AVERAGE OF 65 FULL- TIME STUDENTS. THROUGH OUR SERVICE PROJECTS IN THE PINE MOUNTAIN COMMUNITY, WE PROVIDED FREE COMMUNITY SERVICE ASSISTANCE TO BETWEEN 50-100 PEOPLE WEEKLY FOR FOUR HOURS PER WEEK. IN THE MONTH OF JANUARY WE PROVIDED FREE COMMUNITY SERVICE ASSISTANCE FOR APPROXIMATELY 350 PEOPLE IN BRAZIL.
PROPEL MY LIFE: PROPEL MY LIFE, A LEADERSHIP TRACK FOR SUMMER CAMPERS, ENCOURAGES AND EQUIPS YOUNG LEADERS TO HAVE A MORE COMPELLING AND GODLY INFLUENCE ON THEIR PEERS AND PROPEL THEM INTO A LIFE OF SERVICE AND CHRISTIAN COMMUNITY. THE TRACK IS TAUGHT BY IMPACT 360 ALUMNI IN PARTNERSHIP WITH SPONSORING CAMPS.
CULTURAL ENGAGEMENT: A SERIES OF PODCASTS, ARTICLES AND VIDEOS RELATED TO IMPACT 360 INSTITUTE'S CORE MISSION. VARIOUS FACULTY AND GUEST SPEAKERS ARE INTERVIEWED ALONG WITH TOPICS PERTAINING TO CHRISTIAN LIFE, VALUES AND EDUCATION. IN ADDITION, EQUIPPING EVENTS RELATED TO THE CORE MISSION ARE SPONSORED WHICH INCLUDE A SPEAKER SERIES AS WELL AS SOME MULTI-DAY SUMMER EVENTS. A TWO WEEK IMMERSION SUMMER EVENT AND A ONE WEEK PROPEL SUMMER EVENT FOR HIGH SCHOOL STUDENTS WAS ALSO SPONSORED.
MASTERS: THE IMPACT 360 MASTERS PROGRAM EQUIPS YOUNG PROFESSIONALS TO BE CULTURE- SHAPING, CHRIST-CENTERED SERVANT LEADERS IN THEIR VARIOUS VOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Alsup II Executive Di | 40 | $208,448 | |
Jonathan Morrow Director Of | 40 | $148,574 | |
Thomas Eric Turner Director Of | 40 | $130,999 | |
John D Basie Director | $128,402 | ||
Edward A Bort Associate Di | $108,834 | ||
Aaron Graham Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,806,395 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,355 |
| Noncash contributions included in lines 1a–1f | $2,563,597 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,808,750 |
| Total Program Service Revenue | $1,049,582 |
| Investment income | $34,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,934,364 |
| 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 | $367,500 |
| 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 | $2,236,985 |
| Pension plan accruals and contributions | $212,221 |
| Other employee benefits | $3,998 |
| Payroll taxes | $167,060 |
| Fees for services: Management | $338,695 |
| Fees for services: Legal | $38,224 |
| Fees for services: Accounting | $3,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $126,163 |
| Office expenses | $40,709 |
| Information technology | $41,294 |
| Royalties | $0 |
| Occupancy | $2,750,622 |
| Travel | $97,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,890 |
| Insurance | $506,357 |
| All other expenses | $618,005 |
| Total functional expenses | $8,833,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,105,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,462 |
| Prepaid expenses and deferred charges | $254,535 |
| Net Land, buildings, and equipment | $150,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,530,260 |
| Accounts payable and accrued expenses | $79,426 |
| 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 | $656,964 |
| Total liabilities | $736,390 |
| Net assets without donor restrictions | $3,793,870 |
| 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 | $4,530,260 |