Maximum Impact Foundation Inc
- Assets
- $563.8k
- Revenue
- $1.0m
- Investments
- $175.3k
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 75-3030484
Organization Overview
Maximum Impact Foundation Inc is located in Costa Mesa, CA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, 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. Maximum 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 12/2022, Maximum Impact Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 31.3% per year over the past 8 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.
Since 2015, Maximum Impact Foundation Inc has awarded 47 individual grants totaling $6,617,928. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SECURES DONATIONS OF FOOD AND OTHER ESSENTIALS, ARRANGES FOR DELIVERY AND THEN DISTRIBUTES THE ITEMS TO THE NEEDY IN MEXICO AND THE UNITED STATES.
THE FOUNDATION SUPPORTS THE ORANGEWOOD FOUNDATION'S LIGHHOUSE PROGRAM FOR SURVIVORS OF SEX TRAFFICKING.
THE FOUNDATION FINANCIALLY SUPPORTS FAMILIES WHO HAVE UNDERGONE TRAGEDIES AND HARD ECONOMIC TIMES.
THE FOUNDATION SUPPORTS AIM INTERNATIONAL, WHICH SENDS SUPPORT TO KENYA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Perry Director | 1 | $0 | |
J Michael Johnston Director | 1 | $0 | |
Charlie Koeller Director | 1 | $0 | |
Doug Crandall Director | 0 | $0 | |
Jeff Johnson Director | 1 | $0 | |
Dennis Calvert Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,018,848 |
| Interest on Savings | $0 |
| Dividends & Interest | $800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,726 |
| Capital Gain Net Income | $3,726 |
| Net ST Capital Gain | $28,004 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,023,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $323 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,633 |
| Total operating and administrative expenses | $2,959 |
| Contributions, gifts, grants paid | $1,108,419 |
| Total expenses and disbursements | $1,111,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,516 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $70,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $82,952 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,000 |
| Total assets | $563,778 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $187 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $187 |
Grants Awarded
Over the last fiscal year, Maximum Impact Foundation Inc has awarded $1,108,419 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INDIGENT PERSONS PURPOSE: HELP FOR THE POOR | $987,226 |
UNITED CHURCH OF CHRIST PURPOSE: CHURCH SUPPORT | $3,900 |
AMERICAN CENTER FOR LAW AND JUSTICE PURPOSE: N/A | $5,000 |
HOPE 4 KIDS INTERNATIONAL PURPOSE: BUILD WELLS IN AFRICA. | $2,543 |
ESPERANZA INTERNATIONAL PURPOSE: N/A | $50,000 |
ETHIOPIA LIFE CENTER PURPOSE: TO PROVIDE ASSISTANCE TO ETHIOPIA | $14,750 |