Impact Inc
- Assets
- $92.2k
- Revenue
- $66.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Upper Montclair, NJ
- Founding
- 06/1995
- Data as of
- 09/2021
- EIN
- 52-1916839
Organization Overview
Impact Inc is located in Upper Montclair, NJ. The organization was established in 1995. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact 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 09/2021, Impact Inc generated $66.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $36.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 6 years. 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
WE ARE COMMITTED TO RAISE, EQUIP AND MOBLILIZE THE SECOND GENERATION OF KOREAN-AMERICANS AND THE KOREAN DIASPORA TO FULFILL THE GREAT COMMISSION OF THE GOSPEL OF JESUS CHRIST FOCUSED ON NORTH KOREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE CHRISTIANITY BY CHALLENGING ADULTS AND TEENAGERS THROUGH SEMINARS, CAMPS BREAKFAST CLUBS AND RALLIES. IT EQUIPS LEADERS THROUGH TEACHING AND COUNSELING.
INSTRUCTING HEALTHCARE WORKERS IN THE CORRECT PROCEDURES FOR PERFORMING CPR PROVIDEDS IMMEASURABLE HEALTH BENEFITS TO THE PEOPLE OF NORTH KOREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susie Yoon President | Officer | 40 | $0 |
Sunny Lee Treasurer | Officer | 1 | $0 |
Hye Jung Gogh Board Member | Trustee | 1 | $0 |
Moon Park Board Member | Trustee | 1 | $0 |
Kyeong Hee Park Board Member | Trustee | 1 | $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 | $66,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,713 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,991 |
| 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 | $300 |
| 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 | $2,425 |
| 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 | $2,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,813 |
| Travel | $1,450 |
| 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 | $1,264 |
| All other expenses | $0 |
| Total functional expenses | $36,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $26,321 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $92,174 |
| 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 | $92,174 |
| 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 | $92,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Youth Org Of Mercer County Inc Trenton, NJ | $6,622,338 | $6,629,865 |
Alliance For Decision Education Inc Bala Cynwyd, PA | $2,002,482 | $3,505,595 |
The Center That C A R E S Children Adult Recreational And Pittsburgh, PA | $3,747,576 | $2,450,732 |
Bronfman Youth Fellowships In Israel Inc New York, NY | $984,006 | $2,136,263 |
Project Extreme Lawrence, NY | $1,424,331 | $2,267,205 |
Child Evangelism Fellowship Of Pa Inc Mifflintown, PA | $910,349 | $2,080,219 |
Youth For Christ Usa Inc Halfmoon, NY | $3,427,160 | $2,127,989 |
Youth With A Mission Lancaster Ephrata, PA | $1,114,310 | $1,770,054 |
Long Island Youth For Christ Inc Huntington Station, NY | $902,623 | $954,188 |
Central Pennsylvania Youth Ministries Shamokin Dam, PA | $1,432,189 | $850,418 |
Camp Blue Diamond Petersburg, PA | $626,312 | $477,063 |
Youth For Christ Usa Inc South Park, PA | $1,158,059 | $680,956 |