Catalytic Impact Foundation Inc
- Assets
- $757.4k
- Revenue
- $980.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Hingham, MA
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-5334467
Organization Overview
Catalytic Impact Foundation Inc is located in Hingham, MA. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Catalytic Impact Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalytic Impact Foundation 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 12/2021, Catalytic Impact Foundation Inc generated $980.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS TO SOCIALLY-RESPONSIBLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE DEDICATED TO PROVIDING GRANTS AND SUPPORT TO SOCIALLY-RESPONSIBLE QUALIFYING ORGANIZATIONS AND PROMOTE INNOVATION IN HEALTH CARE AND LIFE SCIENCE IN AREAS OF HIGH UNMET MEDICAL NEEDS. 200 PEOPLE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lipkin Treasurer | OfficerTrustee | 40 | $75,000 |
Rachel Butler President | OfficerTrustee | 40 | $75,000 |
Rob Wolk Board Chair | OfficerTrustee | 10 | $0 |
Susana Frazao Pinhiero Secretary | OfficerTrustee | 5 | $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 | $979,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,977 |
| Total Program Service Revenue | $0 |
| Investment income | $453 |
| 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 | $980,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,402,500 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,839 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,218 |
| Advertising and promotion | $892 |
| Office expenses | $2,668 |
| Information technology | $1,062 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,833 |
| All other expenses | $0 |
| Total functional expenses | $3,694,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,549 |
| 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 | $831 |
| 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 | $757,380 |
| Accounts payable and accrued expenses | $63,354 |
| 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 | $147,436 |
| Unsecured mortgages and notes payable | $134,615 |
| Other liabilities | $0 |
| Total liabilities | $345,405 |
| Net assets without donor restrictions | $411,975 |
| 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 | $757,380 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Catalytic Impact Foundation Inc has recieved totaling $494,645.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $244,645 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $150,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING FUNDS FOR EARLY STAGE HEALTHCARE FUNDING FUND | $30,000 |
Judy And Peter Blum Kovler Foundation Washington, DC PURPOSE: TO AID IN THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
Student Leadership Network Inc New York, NY | $11,626,545 | $12,224,104 |
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |