Ad Impact
- Assets
- $77.1m
- Revenue
- $5.8m
- Investments
- $76.6m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4562993
Organization Overview
Ad Impact is located in Sarasota, FL. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ad 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 12/2023, Ad Impact generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY CHARITABLE ACTIVITY WILL BE TO DISTRIBUTE CHARITABLE GRANTS TO OTHER SECTION 501(C)(3) ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ag Lafley President | 1 | $0 | |
Diana Shaheen Vp, Secretary | 1 | $0 | |
David Payne Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,505,248 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,576,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $668,933 |
| Capital Gain Net Income | $668,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,194 |
| Total Revenue | $5,770,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,622 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $185 |
| Total operating and administrative expenses | $196,742 |
| Contributions, gifts, grants paid | $3,340,685 |
| Total expenses and disbursements | $3,537,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $543,943 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,677,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,104,033 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ad Impact has awarded $3,340,685 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WESTCOAST BLACK THEATER TROUPE PURPOSE: GENERAL SUPPORT | $601,310 |
MAYO CLINIC PURPOSE: GENERAL SUPPORT | $1,008,242 |
HAMILTON COLLEGE PURPOSE: INNOVATION CENTER; CLASS OF 1969 CHALLENGE; BASKETBALL ENDOWMENT | $1,731,133 |