Impact 100 Traverse City Inc
- Assets
- $494.6k
- Revenue
- $470.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4280033
Organization Overview
Impact 100 Traverse City Inc is located in Traverse City, MI. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact 100 Traverse City 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 12/2021, Impact 100 Traverse City Inc generated $470.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $354.3k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 5 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 2017, Impact 100 Traverse City Inc has awarded 13 individual grants totaling $1,452,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO AWARD MEMBERSHIP FUNDED GRANTS TO NONPROFIT ORGANIZATIONS WHILE IMPROVING LIVES THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED THREE GRANTS OF $110,000 EACH TO GRASS RIVER NATURAL AREA, COGNITION SCIENCE AND DISCOVERY CENTER AND CROSSHATCH CENTER FOR ART AND ECOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Lundquist Trietch President | OfficerTrustee | 1 | $0 |
Sam Charnes President Elect | OfficerTrustee | 1 | $0 |
Liz Verschure Secretary | OfficerTrustee | 1 | $0 |
Beth Melcher Treasurer | OfficerTrustee | 1 | $0 |
Leslie Knopp Director | Trustee | 1 | $0 |
Linda Linquist-Bishop Director | 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 | $470,439 |
| Noncash contributions included in lines 1a–1f | $8,824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,439 |
| Total Program Service Revenue | $0 |
| Investment income | $65 |
| 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 | $470,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,880 |
| Office expenses | $2,938 |
| Information technology | $6,608 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,411 |
| All other expenses | $0 |
| Total functional expenses | $354,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,287 |
| Savings and temporary cash investments | $18,073 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $750 |
| 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 | $494,610 |
| Accounts payable and accrued expenses | $1,243 |
| 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 | $200,000 |
| Total liabilities | $201,243 |
| Net assets without donor restrictions | $98,677 |
| Net assets with donor restrictions | $194,690 |
| 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 | $494,610 |
Grants Awarded
Over the last fiscal year, Impact 100 Traverse City Inc has awarded $330,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Bellaire, MI PURPOSE: TO PROVIDE A SERIES OF UNIVERSALLY ACCESSIBLE BOARDWALKS IN A UNIQUE/BIOLOGOICALLY DIVERSE ECOSYSTEM | $110,000 |
Beulah, MI PURPOSE: TO TRANSFORM A PART OF FACILITY INTO AN EARTH AND SPACE LAB, INCLUDING A PORTABLE PLANETARIUM | $110,000 |
Bellaire, MI PURPOSE: TO DEVELOP A DEDICATED 150-SEAT PERFORMANCE VENUE IN COMMONGROUNDS COOPERATIVE TO PROVIDE AN ART SPACE | $110,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Impact 100 Traverse City Inc has recieved totaling $1,198.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,130 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |