Voans Community Impact Inc is located in Eden Prairie, MN. Voans Community 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO SERVE LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS BY PROVIDING FACILITIES, DEVELOPMENT SERVICES TO, AND FUNDING FOR, COMMUNITY BENEFIT FACILITIES THAT HAVE A PRIMARY MISSION OF PROMOTING COMMUNITY DEVELOPMENT; BEING A FINANCIAL ENTITY FOR PROJECTS AND PROGRAMS CONSISTENT WITH ITS MISSION; PRIMARILY SERVING ONE OR MORE TARGET MARKET AREAS; PROVIDING DEVELOPMENT SERVICES IN CONJUNCTION WITH ITS FINANCING ACTIVITIES; MAINTAINING ACCOUNTABILITY TO ITS TARGET MARKET AREAS; AND FOR OTHER PURPOSES NECESSARY TO QUALIFY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") AND TO USE CDFI FUNDS, AND TO UNDERTAKE AND CARRY ON ALL ACTIVITIES NECESSARY OR ADVISABLE IN CONNECTION THEREWITH, ALL UPON SUCH TERMS AND CONDITIONS AS THE BOARD OF DIRECTORS OF THE CORPORATION IN ITS DISCRETION DEEMS TO BE IN THE BEST INTEREST OF THE CORPORATION; AND TO AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR ONE OR MORE PURPOSES DESCRIBED IN SECTIONS 170 (C)(2) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.
TO SERVE LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS BY PROVIDING FACILITIES, DEVELOPMENT SERVICES TO, AND FUNDING FOR, COMMUNITY BENEFIT FACILITIES THAT HAVE A PRIMARY MISSION OF PROMOTING COMMUNITY DEVELOPMENT; BEING A FINANCIAL ENTITY FOR PROJECTS AND PROGRAMS CONSISTENT WITH ITS MISSION; PRIMARILY SERVING ONE OR MORE TARGET MARKET AREAS; PROVIDING DEVELOPMENT SERVICES IN CONJUNCTION WITH ITS FINANCING ACTIVITIES; MAINTAINING ACCOUNTABILITY TO ITS TARGET MARKET AREAS; AND FOR OTHER PURPOSES NECESSARY TO QUALIFY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") AND TO USE CDFI FUNDS, AND TO UNDERTAKE AND CARRY ON ALL ACTIVITIES NECESSARY OR ADVISABLE IN CONNECTION THEREWITH, ALL UPON SUCH TERMS AND CONDITIONS AS THE BOARD OF DIRECTORS OF THE CORPORATION IN ITS DISCRETION DEEMS TO BE IN THE BEST INTEREST OF THE CORPORATION; AND TO AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR ONE OR MORE PURPOSES DESCRIBED IN SECTIONS 170 (C)(2) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.
TO SERVE LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS BY PROVIDING FACILITIES, DEVELOPMENT SERVICES TO, AND FUNDING FOR, COMMUNITY BENEFIT FACILITIES THAT HAVE A PRIMARY MISSION OF PROMOTING COMMUNITY DEVELOPMENT; BEING A FINANCIAL ENTITY FOR PROJECTS AND PROGRAMS CONSISTENT WITH ITS MISSION; PRIMARILY SERVING ONE OR MORE TARGET MARKET AREAS; PROVIDING DEVELOPMENT SERVICES IN CONJUNCTION WITH ITS FINANCING ACTIVITIES; MAINTAINING ACCOUNTABILITY TO ITS TARGET MARKET AREAS; AND FOR OTHER PURPOSES NECESSARY TO QUALIFY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION ("CDFI") AND TO USE CDFI FUNDS, AND TO UNDERTAKE AND CARRY ON ALL ACTIVITIES NECESSARY OR ADVISABLE IN CONNECTION THEREWITH, ALL UPON SUCH TERMS AND CONDITIONS AS THE BOARD OF DIRECTORS OF THE CORPORATION IN ITS DISCRETION DEEMS TO BE IN THE BEST INTEREST OF THE CORPORATION; AND TO AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF ORGANIZATIONS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR ONE OR MORE PURPOSES DESCRIBED IN SECTIONS 170 (C)(2) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael King Governor | 0.1 | $0 | |
Shawn Bloom Governor | 0.1 | $0 | |
Derrick Perkins Governor | 0.1 | $0 | |
Beth Mullen Governor | 0.1 | $0 | |
Karen Dale Governor | 0.1 | $0 | |
Stephen Wakefield Governor | 0.1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
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 | $0 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $0 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $0 |
Net assets or fund balances | $0 |
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