Impact 100 Traverse City Inc
- Assets
- $589.2k
- Revenue
- $369.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/2017
- Data as of
- 12/2022
- 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 12/2022, Impact 100 Traverse City Inc generated $369.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $356.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Impact 100 Traverse City Inc has awarded 16 individual grants totaling $1,788,000. 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
2022
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 $112,000 EACH TO SINGLE MOMM, FRIENDS OF THE GARDEN THEATER AND NORTH COUNTRY TRAIL ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Charnes President | OfficerTrustee | 1 | $0 |
Lindsay Raymond President Elect | OfficerTrustee | 1 | $0 |
Beth Melcher Treasurer | OfficerTrustee | 1 | $0 |
Liz Verschure Secretary | OfficerTrustee | 1 | $0 |
Amy Fitch Director/education Chair | Trustee | 1 | $0 |
Laurene Garchow-Packer Director/member Engagement | 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 | $369,063 |
| Noncash contributions included in lines 1a–1f | $1,470 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,063 |
| Total Program Service Revenue | $0 |
| Investment income | $41 |
| 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 | $369,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $336,000 |
| 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 | $3,961 |
| Office expenses | $795 |
| Information technology | $2,260 |
| 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 | $655 |
| All other expenses | $0 |
| Total functional expenses | $356,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,702 |
| Savings and temporary cash investments | $1,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,350 |
| 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 | $0 |
| 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 | $589,204 |
| Accounts payable and accrued expenses | $445 |
| 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 | $280,000 |
| Total liabilities | $280,445 |
| Net assets without donor restrictions | $154,938 |
| Net assets with donor restrictions | $153,821 |
| 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 | $589,204 |
Grants Awarded
Over the last fiscal year, Impact 100 Traverse City Inc has awarded $336,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SINGLE MOMM PURPOSE: TO CREATE A MOBILE OFFICE TO PROVIDE MENTORSHIP, CLASSES, EVENTS AND FINANCIAL ASSISTANCE TO BENZIE AND LEELANAU COUNTY FAMILIES. | $112,000 |
FRIENDS OF THE GARDEN THEATER PURPOSE: TO FUND NEW LIGHTING, RIGGING, VIDEO AND SOUND SYSTEMS AND IMPROVE BUILDING ACCESSIBILITY. | $112,000 |
NORTH COUNTRY TRAIL ASSOCIATION PURPOSE: TO CONSTRUCT A NON-MOTORIZED, AMERICANS WITH DISABILITIES ACT ACCESSIBLE TRAILHEAD AND BOARDWALK ALONG THE BOARDMAN RIVER IN KALKASKA. | $112,000 |