Family Impact Fund
- Assets
- $0.0
- Revenue
- $149.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 05/2003
- Data as of
- 06/2020
- EIN
- 51-0462802
Organization Overview
Family Impact Fund is located in Charlotte, NC. The organization was established in 2003. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family 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 06/2020, Family Impact Fund generated $149.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY IMPACT FUND PROVIDES ACCESS FOR ECONOMICALLY DISADVANTAGED CHILDREN TO EXPERIENCE HIGH-QUALITY, FULL-DAY/YEAR-ROUND EDUCATION AND CHILD CARE WHICH WILL POSETIVELY IMPACT THEIR SCHOOL READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED SCHOLARSHIP AWARDS TO ALLOW CHILDREN ON THE CHILD CARE SUBSIDY LIST TO EXPERIENCE HIGH QUALITY, FULL-TIME/YEAR-ROUND EDUCATION AND CHILD CARE.
DISTRIBUTED SCHOLARSHIP AWARDS TO ALLOW CHILDREN ON THE CHILD CARE SUBSIDY LIST TO EXPERIENCE HIGH QUALITY, FULL-TIME/YEAR-ROUND EDUCATION AND CHILD CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ibsen Chair | OfficerTrustee | 0.5 | $0 |
Ann Barnes Robertson Executive Director | Officer | 0.5 | $0 |
Ct Anderson Member | Trustee | 0.5 | $0 |
Anna Glass Member | Trustee | 0.5 | $0 |
Karen Knoble Member | Trustee | 0.5 | $0 |
Ryan Leak Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,865 |
| Investment income | $345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,457 |
| 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 | $6,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $451 |
| Fees for services: Other | $157,302 |
| Advertising and promotion | $2,012 |
| Office expenses | $117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,402 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,086,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Family Impact Fund has awarded $1,823,190 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: SCHOLARSHIP PROGRAM | $773,920 |
Charlotte, NC PURPOSE: SCHOLARSHIP PROGRAM | $773,920 |
Matthews, NC PURPOSE: SCHOLARSHIP PROGRAM | $69,607 |
Matthews, NC PURPOSE: SCHOLARSHIP PROGRAM | $69,607 |
New York, NY PURPOSE: SCHOLARSHIP PROGRAM | $68,068 |
New York, NY PURPOSE: SCHOLARSHIP PROGRAM | $68,068 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Family Impact Fund has recieved totaling $5,405.
| Awarding Organization | Amount |
|---|---|
United Way Worldwide Alexandria, VA PURPOSE: General Charitable Operation | $5,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Congress Of Parents And Teachers Alexandria, VA | $19,792,839 | $11,821,028 |
Mariner Foundation Charlotte, NC | $22,191,927 | $1,793,742 |
Black Teacher Collaborative Incorporated Atlanta, GA | $5,760,388 | $5,597,948 |
Communityworx Carrboro, NC | $4,935,522 | $1,612,558 |
Family Impact Fund Charlotte, NC | $0 | $149,457 |
Independence High School Ptso Thompsons Station, TN | $458,068 | $848,792 |
Pta Georgia Congress Atlanta, GA | $843,053 | $514,941 |
Fitness Association Of Pto Alexandria, VA | $315,549 | $363,007 |
Ardrey Kell High School Athletic Booster Club Charlotte, NC | $160,091 | $468,362 |
W T Woodson Athletic Boosters Club Fairfax, VA | $402,375 | $484,544 |
Pta North Carolina Congress Of Parents And Teachers Inc Raleigh, NC | $392,313 | $236,472 |
Springdale Park Elementary School Parents And Teachers Organization Atlanta, GA | $337,491 | $331,825 |