G1 Impact
- Assets
- $121.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Auburn Hills, MI
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 81-1198753
Organization Overview
G1 Impact is located in Auburn Hills, MI. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, G1 Impact employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G1 Impact 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, G1 Impact generated $172.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $111.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
G1 IMPACT IS FOCUSED ON JOB CREATION, JOB PRESERVATION, AND ACCESS TO GOODS AND SERVICES IN LOW TO MODERATE INCOME AREAS. THE ORGANIZATION OFFERS BACK OFFICE SUPPORT, GOVERNED PROCEDURES, AND IMPACT REPORTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie A Hazen Vice Preside | 2 | $0 | |
Romy Kochan President&se | 2 | $0 | |
Marcus Harris Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,432 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,432 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,400 |
| Occupancy, rent, utilities, and maintenance | $3,395 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $89,749 |
| Total expenses | $111,544 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,160 |
| Other assets | $0 |
| Total assets | $121,811 |
| Total liabilities | $113,789 |
| Net assets or fund balances | $8,022 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that G1 Impact has recieved totaling $188,400.
| Awarding Organization | Amount |
|---|---|
Battle Creek Community Foundation Battle Creek, MI PURPOSE: CHILD CARE | $153,000 |
Pepsico Foundation Inc Purchase, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Childrens Hospital Of Michigan Foundation Detroit, MI PURPOSE: TO SUPPORT COHORTS OF ARTS PROGRAMS FOR DETROIT STUDENTS | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
Ohio Community Development Finance Fund Columbus, OH | $57,278,842 | $7,712,446 |
Cincinnati Better Business Bureau Inc Cincinnati, OH | $1,847,305 | $4,143,788 |
Battle Creek Unlimited Inc Battle Creek, MI | $30,442,185 | $6,639,976 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Uptown Reinvestment Corporation Inc Flint, MI | $86,466,656 | $7,223,856 |
Great Lakes Womens Business Council Livonia, MI | $4,549,211 | $2,702,361 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,277,728 | $2,372,301 |
Better Business Bureau Of Western Michigan Inc Grand Rapids, MI | $2,011,016 | $2,272,274 |
Better Business Bureau Of Toledo Inc Toledo, OH | $3,159,147 | $2,296,874 |