Charitable Impact Group Inc
- Assets
- $6.4k
- Revenue
- $30.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/2015
- Data as of
- 12/2019
- EIN
- 47-2556629
Organization Overview
Charitable Impact Group Inc is located in Lexington, KY. The organization was established in 2015. 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. Charitable Impact Group 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, Charitable Impact Group Inc generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $41.4k during the year ending 12/2019. 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
WE ARE A 501(C)3 ORGANIZATION WHICH RAISES FUNDS FOR OTHER CHARITABLE ORGANIZATIONS THAT IMPACT CHILDREN, ATHLETES, AND EQUINE. WE ARE DEDICATED TO MAKING AN IMPACT ON THE LIVES OF THOSE WHO BENEFIT FROM THE ORGANIZATIONS TO WHICH WE CONTRIBUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FUNDRAISER AND GRANTS TO OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Beck Treasurer | Officer | 1 | $0 |
Tim Turney Secretary | Officer | 1 | $0 |
Carol Garner President | Officer | 1 | $0 |
Pete Hester Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,281 |
| 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 | -$50,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,034 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Accounting | $100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $41,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,431 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,431 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,431 |
| 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 |
| Total liabilities and net assets/fund balances | $6,431 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charitable Impact Group Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $2,500 |
Henry Laird Smith Foundation Nashville, TN PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Shoppinggives Foundation Chicago, IL | $463,970 | $1,669,819 |
Meagel Charitable Tr Parkersburg, WV | $19,887,737 | $1,831,117 |
Group Plan Commission Cleveland, OH | $1,424,769 | $1,513,172 |