Impact Charitable
- Assets
- $13.5m
- Revenue
- $17.9m
- Investments
- $1.5m
- Employees
- 6
- Location
- Denver, CO
- Founding
- 08/2014
- Data as of
- 12/2022
- 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. As of 12/2022, Impact Charitable employed 6 individuals. 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 12/2022, Impact Charitable generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $17.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Impact Charitable has awarded 89 individual grants totaling $13,907,522. 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
2022
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
IMPACT CHARITABLE CONTINUED TO OPERATE THE LEFT BEHIND WORKERS FUND WHICH PROVIDES EMERGENCY ASSISTANCE IN THE FORM OF DIRECT CASH PAYMENTS TO UNDOCUMENTED INDIVIDUALS ACROSS THE STATE OF COLORADO, WITH THE AIM OF IMPROVING FINANCIAL SECURITY, ACCELERATING RECOVERY RELATED TO THE IMPACTS OF COVID-19, AND CREATING A SAFETY NET FOR OUR NEIGHBORS LEFT BEHIND BY OUR CURRENT SOCIAL SUPPORT SYSTEMS.
TOGETHER WITH TRUSTED NONPROFIT PARTNERS THAT SPECIFICALLY SERVE THE UNHOUSED 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.
IMPACT CHARITABLE CONTINUED TO INNOVATE AND EXPAND OUR SERVICES WITHIN OUR INTEGRATED CAPITAL PROGRAM IN 2022. THE ORGANIZATION FACILITATED 112 GRANTS TOTALING $364,437 FROM DONOR ADVISED FUNDS. THE ORGANIZATION EXECUTED $4.8MM IN DIRECT INVESTMENTS INTO INNOVATIVE SOCIAL VENTURES, NONPROFITS, AND IMPACT-FIRST INVESTMENT FUNDS: 1) A COLORADO-BASED AFFORDABLE HOUSING INVESTMENT FUND; 2) A NATIVE AMERICAN-OWNED AND OPERATED ENERGY COMPANY CONVERTING COMMUNITIES FROM COAL TO RENEWABLE ENERGY ON TRIBAL LANDS; 3) A NONPROFIT AUTO DEALER AND REPAIR SERVICE SUPPORTING SINGLE MOMS WITH AFFORDABLE AND RELIABLE TRANSPORTATION; 4) A BUSINESS TRAINING, COACHING AND MENTORING PLATFORM SERVING BLACK WOMEN ENTREPRENEURS; 5) A DOWN PAYMENT ASSISTANCE FUND PROVIDING GREATER ACCESS TO HOMEOWNERSHIP FOR BLACK FAMILIES IN THE DENVER METRO AREA; 5) A FOOD DELIVERY COMPANY DEDICATED TO CREATING A MORE JUST AND SUSTAINABLE FOOD SYSTEM IN COLORADO; 6) EMERGING BEAUTY BRANDS OWNED BY WOMEN OF COLOR WHO ARE MAKING THE BEAUTY INDUSTRY MORE INCLUSIVE. IMPACT CHARITABLE'S INVESTMENT PORTFOLIO REPRESENTS ITS SERVICES TO DONOR ADVISED FUNDS AS WELL AS PROGRAM-RELATED INVESTMENTS FUNDED BY LOCAL FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Briscoe President | OfficerTrustee | 1 | $0 |
Sondra Greene Treasurer | OfficerTrustee | 1 | $0 |
Ryan Howell Secretary | OfficerTrustee | 1 | $0 |
Mark Newhouse Director | Trustee | 1 | $0 |
Tracey Stewart Director | Trustee | 1 | $0 |
Rich Hoops Executive Director | Officer | 32 | $75,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Socialimpact Consulting Llc Project Management | 12/30/22 | $128,000 |
Aidkit Cash Assistance Program Application | 12/30/22 | $563,636 |
Mission Spark Project Management | 12/30/22 | $194,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,319,597 |
| Noncash contributions included in lines 1a–1f | $255,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,820,534 |
| Total Program Service Revenue | $89,579 |
| Investment income | $25,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,937,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $384,760 |
| Grants and other assistance to domestic individuals. | $14,436,175 |
| 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 | $233,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,289 |
| Payroll taxes | $21,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,091 |
| Fees for services: Accounting | $41,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,232 |
| Fees for services: Other | $1,629,563 |
| Advertising and promotion | $35,111 |
| Office expenses | $52,155 |
| Information technology | $22,178 |
| Royalties | $0 |
| Occupancy | $27,123 |
| Travel | $3,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $27,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,183 |
| All other expenses | $105 |
| Total functional expenses | $17,234,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,913 |
| Savings and temporary cash investments | $2,632,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,790 |
| 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 | $9,336 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,108,870 |
| Investments—other securities | $1,491,810 |
| Investments—program-related | $5,237,445 |
| Intangible assets | $0 |
| Other assets | $1,581,798 |
| Total assets | $13,547,870 |
| Accounts payable and accrued expenses | $161,892 |
| Grants payable | $29,750 |
| 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 | $5,400,000 |
| Secured mortgages and notes payable | $286,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $210,125 |
| Total liabilities | $6,088,517 |
| Net assets without donor restrictions | $3,283,228 |
| Net assets with donor restrictions | $4,176,125 |
| 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 | $13,547,870 |
Grants Awarded
Over the last fiscal year, Impact Charitable has awarded $290,849 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL INVESTOR FOUNDATION PURPOSE: GNERAL SUPPORT | $62,340 |
AFRICAN COMMUNITY CENTER PURPOSE: GNERAL SUPPORT | $7,500 |
CAL-WOOD EDUCATION CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
CHINOOK FUND PURPOSE: GENERAL SUPPORT | $25,000 |
BLOODWATER MISSION PURPOSE: GENERAL SUPPORT | $10,000 |
COMMUNITY FOUNDATION BOULDER COUNTY PURPOSE: GENERAL SUPPORT | $16,305 |