Impact Silver Spring
- Assets
- $695.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Silver Spring, MD
- Founding
- 08/1999
- Data as of
- 06/2021
- EIN
- 52-2164844
Organization Overview
Impact Silver Spring is located in Silver Spring, MD. The organization was established in 1999. 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 06/2021, Impact Silver Spring employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Silver Spring 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 06/2021, Impact Silver Spring generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 BUILD AND SUSTAIN COMMUNITY-BASED NETWORKS THAT SUPPORT PEOPLE WHO ARE CREATING SOCIAL, ECONOMIC, AND CIVIC MOMENTUM THAT CONTRIBUTES TO INCLUSIVE LOCAL ECONOMIES AND VIBRANT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD OPPORTUNITY NETWORK - STRENGTHENS SOCIAL NETWORKS IN DIVERSE NEIGHBORHOODS THAT LEAD TO PEOPLE AND COMMUNITIES THAT ARE HEALTHIER, MORE ECONOMICALLY STABLE AND MORE ENGAGED IN CIVIC PARTICIPATION. IMPACT SUPPORTS MANY STRUGGLING FAMILIES ON EMPOWERMENT PATHWAYS BY CREATING MULTIPLE SPACES IN THE NETWORK WHERE PEOPLE FROM DIVERSE BACKGROUNDS CAN COME TOGETHER TO FORM NEW BUSINESSES, IMPROVE THEIR NEIGHBORHOOD CONDITIONS AND ACHIEVE PERSONAL DEVELOPMENT GOALS.
IMPACT SPORTS - PROVIDES RECREATIONAL SPORTS AND ENRICHMENT FOR HUNDREDS OF LOW-INCOME AND IMMIGRANT YOUTH. THIS PROGRAM EMPOWERS FAMILIES TO FORM AND OPERATE YOUTH SPORTS TEAMS IN NEIGHBORHOODS WHERE YOUNG PEOPLE ARE TYPICALLY DISCONNECTED FROM LOCAL ATHLETIC LEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Park Executive Di | Officer | 50 | $90,000 |
Nanette Alvey President | OfficerTrustee | 5 | $0 |
Brad Stewart Secretary/tr | OfficerTrustee | 2 | $0 |
Lillian Woo Vice Preside | Trustee | 5 | $0 |
John Landesman Director | Trustee | 2 | $0 |
Daniel Gebrie Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $846,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $545,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,409 |
| Total Program Service Revenue | $6,605 |
| Investment income | $90 |
| 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 | $1,398,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $111,991 |
| 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 | $734,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,263 |
| Payroll taxes | $53,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,228 |
| Advertising and promotion | $0 |
| Office expenses | $71,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,781 |
| Travel | $133 |
| 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 | $1,205,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,030 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $169,214 |
| 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 | $9,142 |
| 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 | $695,886 |
| Accounts payable and accrued expenses | $42,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,463 |
| 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 | $58,875 |
| Net assets without donor restrictions | $557,011 |
| Net assets with donor restrictions | $80,000 |
| 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 | $695,886 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Impact Silver Spring has recieved totaling $476,884.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $145,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS ($50,000) AND PHASE II OF MONTGOMERY COUNTY RACIAL EQUITY ECOSYSTEM WORK ($30,000) OVER THREE YEARS | $80,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS ($45,000) AND THE MONTGOMERY COUNTY RACIAL EQUITY NETWORK ($30,000) | $75,000 |
Leveling The Playing Field Inc Silver Spring, MD PURPOSE: PROVIDE UNDERPRIVILEGED CHILDREN THE OPPORTUNITY TO ENJOY ATHLETIC INVOLVEMENT | $69,067 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: COMMUNITY SERVICE | $55,000 |
If Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |