Impact Charitable
- Assets
- $10.7m
- Revenue
- $21.2m
- Investments
- $78.9k
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-1180598
Organization Overview
Impact Charitable is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (T31) the organization is classified as: Community 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 Charitable 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, Impact Charitable generated $21.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.2% each year . All expenses for the organization totaled $18.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Impact Charitable has awarded 75 individual grants totaling $13,616,673. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPACT CHARITABLE UNITES CATALYTIC PHILANTHROPISTS WITH COMMUNITY PARTNERS, FOUNDATIONS, FINANCIAL INSTITUTIONS, SOCIAL ENTERPRISES AND GOVERNMENT ENTITIES TO MOVE MORE MONEY, IN MORE WAYS TO MORE PEOPLE AND PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTOGETHER WITH TRUSTED NONPROFIT PARTNERS THAT SPECIFICALLY SERVE THE HOMELESS POPULATION, IMPACT CHARITABLE LAUNCHED A GUARANTEED INCOME PROJECT KNOWN AS THE DENVER BASIC INCOME PROJECT TO GIVE BASIC INCOME TO INDIVIDUALS EXPERIENCING HOMELESSNESS. THE GOAL IS TO BUILD A HEALTHIER SOCIETY GROUNDED IN SOCIAL JUSTICE AND CENTERED AROUND IMPROVING HUMAN THRIVING.BY APRIL OF 2021, OVER 3,500 UNDOCUMENTED INDIVIDUALS RECEIVED $1,000 OF DIRECT CASH ASSISTANCE IN RESPONSE TO CRITICAL NEED CATALYZED BY THE COVID-19 PANDEMIC. AS THE YEAR CONTINUED, IMPACT CHARITABLE WORKED WITH BOTH THE STATE AND THE CITY OF DENVER TO CONTINUE TO DISTRIBUTE CRITICAL CASH ASSISTANCE. IN THE SECOND HALF OF 2021 ALONE, THROUGH THE LEFT BEHIND WORKERS FUND, IMPACT CHARITABLE DISTRIBUTED ANOTHER $3,202,000 IN GRANTS TO AN ADDITIONAL 2,843 FAMILIES ACROSS THE STATE OF COLORADO; THIS UNPRECEDENTED SCALING OF A DIRECT CASH ASSISTANCE PROGRAM TOTALED OVER $6,700,000 IN DIRECT CASH ASSISTANCE IN 2021.IMPACT CHARITABLE CONTINUED TO INNOVATE AND EXPAND OUR SERVICES WITHIN OUR DONOR-ADVISED FUND PROGRAM IN 2021. OUR CORE INVESTMENT PORTFOLIO IS INVESTED BASED ON HIGH ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDS (ESG), WHILE SUPPORTING MORE TARGETED IMPACT INVESTMENTS AND THE GRANT MAKING PLANS OF OUR DONORS. THE ORGANIZATION FACILITATED 93 GRANTS TOTALING $1,275,910 IN 2021.THE ORGANIZATION EXECUTED DIRECT INVESTMENTS IN SEVEN INNOVATIVE SOCIAL VENTURES AND NON-PROFITS: 1) AN AFFORDABLE HOUSING COMMUNITY SERVING LOW INCOME FAMILIES; 2) A CREATIVE CONTENT AGENCY DESIGNED TO CULTIVATE RELATIONSHIPS BETWEEN ORGANIZATIONS AND MULTICULTURAL COMMUNITES 3) A FOOD DELIVERY COMPANY DEDICATED TO CREATING A MORE JUST AND SUSTAINABLE FOOD SYSTEM IN COLORADO; 4) A NON-PROFIT HELPING ADULTS EXPERIENCING HOMELESSNESS GAIN ACCESS TO THE RESOURCES THEY NEED FOR A BETTER FUTURE; 5) A NON-PROFIT INTERNATIONAL IMPACT INVESTING FUND SERVING ENTREPRENEURS AND LOW-INCOME FAMILIES WITH ACCESS TO CREDIT; 6) A START-UP SOCIO-EMOTIONAL LEARNING SOFTWARE PROVIDER; AND 7) A COLORADO-BASED AFFORDABLE HOUSING INVESTMENT FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Briscoe President | OfficerTrustee | 1 | $0 |
Sondra Greene Treasurer | OfficerTrustee | 1 | $0 |
Ryan Howell Secretary | OfficerTrustee | 1 | $0 |
Emily Allred Director Of Finance And Investments | Officer | 32 | $0 |
Rich Hoops Executive Director | Officer | 32 | $0 |
Mark Newhouse Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,038,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,057,352 |
| Noncash contributions included in lines 1a–1f | $245,327 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,095,554 |
| Total Program Service Revenue | $0 |
| Investment income | $50,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,202,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,354,410 |
| Grants and other assistance to domestic individuals. | $15,261,615 |
| 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 | $73,283 |
| Fees for services: Legal | $13,173 |
| Fees for services: Accounting | $41,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,375 |
| Fees for services: Other | $1,711,147 |
| Advertising and promotion | $62,188 |
| Office expenses | $9,529 |
| Information technology | $8,900 |
| Royalties | $0 |
| Occupancy | $9,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $7,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,887 |
| All other expenses | $8,176 |
| Total functional expenses | $18,590,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,112,885 |
| Savings and temporary cash investments | $2,143,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,990 |
| 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 | $1,484 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,498,019 |
| Investments—other securities | $78,895 |
| Investments—program-related | $2,151,004 |
| Intangible assets | $0 |
| Other assets | $565,000 |
| Total assets | $10,724,494 |
| Accounts payable and accrued expenses | $176,904 |
| Grants payable | $7,000 |
| 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 | $1,750,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,837,370 |
| Total liabilities | $3,771,274 |
| Net assets without donor restrictions | $2,375,685 |
| Net assets with donor restrictions | $4,577,535 |
| 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 | $10,724,494 |
Grants Awarded
Over the last fiscal year, Impact Charitable has awarded $1,319,928 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: TO L. PALMER BROWN SPECIAL FUND | $676,075 |
Denver, CO PURPOSE: GENERAL OPERATIONS | $140,000 |
CHAI DEBT CAPITAL LLC PURPOSE: GENERAL OPERATIONS | $96,000 |
Washington, DC PURPOSE: DEMOCRACY REFORM | $75,000 |
San Francisco, CA PURPOSE: GENERAL OPERATIONS | $51,000 |
Denver, CO PURPOSE: LYNTON OPPORTUNITY FUND. | $50,816 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Impact Charitable has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Joyce Charitable Fund Bedford, NY PURPOSE: GENERAL OPERATIONS | $2,500 |
Joyce Charitable Fund Bedford, NY PURPOSE: GENERAL OPERATIONS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |