New Impact Fund
- Assets
- $641.8k
- Revenue
- $763.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-5187324
Organization Overview
New Impact Fund is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. New Impact Fund 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 12/2021, New Impact Fund generated $763.9k in total revenue. All expenses for the organization totaled $301.3k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION TO INDIVIDUALS TO COLLECTIVELY DO HIGH IMPACT PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION TO INDIVIDUALS TO COLLECTIVELY DO HIGH IMPACT PHILANTHROPY
EDUCATION TO INDIVIDUALS TO COLLECTIVELY DO HIGH IMPACT PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia R Phillips Executive Di | OfficerTrustee | 10 | $0 |
Keith Ford Chair | Trustee | 2 | $0 |
Alex Dashe Secretary | Trustee | 2 | $0 |
Susan Shank Trustee/dire | Trustee | 2 | $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 | $763,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $763,896 |
| 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 | $763,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,000 |
| 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 | $1,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $496 |
| 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 | $92,586 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,125 |
| 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 | $301,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,752 |
| Accounts payable and accrued expenses | $3,179 |
| 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 | $3,179 |
| Net assets without donor restrictions | $638,573 |
| 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 | $641,752 |
Grants Awarded
Over the last fiscal year, New Impact Fund has awarded $205,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRI- CONSTRUCTION | | | $105,000 |
Saint Paul, MN | | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Impact Fund has recieved totaling $364,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $209,250 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $155,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Cancer Research Fund Minneapolis, MN | $16,189,103 | $22,272,354 |
Dakota Medical Charities Fargo, ND | $81,107,368 | $3,853,049 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Impact Foundation Fargo, ND | $5,033,144 | $2,597,194 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |
Northwoods Interfaith Volunteer Caregivers Program Bemidji, MN | $21,563 | $852,324 |
Wisconsin Philanthropy Network Inc Milwaukee, WI | $894,082 | $720,344 |
Faegre Baker Daniels Foundation Minneapolis, MN | $786,187 | $1,305,193 |
Rebuilding Together Greater Des Des Moines, IA | $108,508 | $525,974 |
Garden Gate Ranch Inc Indianola, IA | $724,390 | $753,347 |
Badgers United Inc Middleton, WI | $314,742 | $561,354 |