Bitwise Impact
- Assets
- $643.9k
- Revenue
- $652.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 09/2015
- Data as of
- 03/2022
- EIN
- 46-4127911
Organization Overview
Bitwise Impact is located in Fresno, CA. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bitwise Impact 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 03/2022, Bitwise Impact generated $652.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $31.0k during the year ending 03/2022. 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
BITWISE IMPACT IS A NOT-FOR-PROFIT PUBLIC BENEFIT ORGANIZATION THAT OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. THE ORGANIZATION SUPPORTS PROGRAMS AIMED AT IMPROVING THE LIVES OF THE LESS FORTUNATE AND/OR INCREASING WORKPLACE DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS PROGRAMS AIMED AT IMPROVING THE LIVES OF THE LESS FORTUNATE AND/OR INCREASING WORKPLACE DIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrystine L Villarreal President | OfficerTrustee | 1 | $0 |
Anthony Armour Secretary | OfficerTrustee | 1 | $0 |
Robert Wingo CFO & Treasurer | OfficerTrustee | 1 | $0 |
Nora Ceballos Member | Trustee | 1 | $0 |
Irma L Olguin Jr Member | Trustee | 1 | $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 | $652,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,553 |
| 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 | $652,553 |
| 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 | $12,296 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,673 |
| Office expenses | $418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $491 |
| 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 | $30,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,631 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,070 |
| Accounts receivable, net | $0 |
| 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 | $13,767 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $557,400 |
| Total assets | $643,868 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $10,000 |
| Net assets without donor restrictions | -$9,202 |
| Net assets with donor restrictions | $643,070 |
| 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 | $643,868 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bitwise Impact has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Broad Center Los Angeles, CA | $3,813,633 | $10,084,361 |
National Equity Project Oakland, CA | $16,206,654 | $13,208,887 |
Casas Comprehensive Adult Student Assessment Systems San Diego, CA | $7,496,351 | $8,078,168 |
Jobs For Nevadas Graduates Inc Las Vegas, NV | $2,371,026 | $5,045,525 |
Viva Physicians Inc Palm Springs, CA | $23,221,286 | $5,506,798 |
San Francisco Electrical Industry Apprenticeship And Training Trust San Francisco, CA | $24,618,240 | $4,990,979 |
San Diego Electrical Training Administrative Services Corporatio San Diego, CA | $236,215 | $3,424,350 |
Sustainable Economies Law Center Oakland, CA | $7,697,657 | $7,133,049 |
Oregon And Southern Idaho Laborers- Employers Training Tr Portland, OR | $12,918,228 | $3,291,567 |
Worker Education & Resource Center Inc Los Angeles, CA | $3,566,673 | $3,126,599 |
Open Philanthropy Project Palo Alto, CA | $32,342,347 | $2,574,140 |
Literacy Connects Tucson, AZ | $3,553,205 | $2,396,997 |