University Impact
- Assets
- $135.4m
- Revenue
- $97.1m
- Investments
- $61.6m
- Employees
- 30
- Location
- Provo, UT
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-1504018
Organization Overview
University Impact is located in Provo, UT. The organization was established in 2018. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, University Impact employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University 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, University Impact generated $97.1m in total revenue. All expenses for the organization totaled $18.1m during the year ending 12/2022. While expenses have increased by 167.1% per year over the past 4 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 2020, University Impact has awarded 129 individual grants totaling $23,964,617. 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
UNIVERSITY IMPACT (UI) WAS FOUNDED TO BUILD AN ECOSYSTEM THAT CAN ACCELERATE SOLVING THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY IMPACT HELD A NUMBER OF ONLINE TRAINING SESSIONS, TRAINING 113 STUDENTS, AND ALSO HELPED PERFORM DUE DILIGENCE BY: I. DEAL SCREENS ON 81 COMPANIES II. 31 DUE DILIGENCE MEMOS
UNIVERSITY IMPACT SERVES AS A SPONSORING ORGANIZATION AS DESCRIBED IN CODE SECTION 4966(D)(1) AND MAINTAINS A PORTFOLIO OF DONOR ADVISED FUNDS DAFS. EACH DAF IS AN ACCOUNT: I. SEPARATELY IDENTIFIED BY REFERENCE TO CONTRIBUTIONS OF A DONOR OR DONORS; II. OWNED AND CONTROLLED BY UNIVERSITY IMPACT; III. AND HAS ADVISORY, NON-BINDING PRIVILEGES WITH RESPECT TO THE DISTRIBUTIONS OR INVESTMENTS OF THE DAF FUNDS.
THE CORPORATION ALSO ACTS AS A FISCAL SPONSOR FOR EMERGING CHARITABLE PROJECTS THAT HAVE NOT YET RECEIVED FEDERAL TAX EXEMPTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Blake Executive Director | OfficerTrustee | 50 | $9,616 |
Kurt Brown Board Member | Trustee | 0.5 | $0 |
Todd Manwaring Board Member | Trustee | 2 | $0 |
Aaron Miller Board Chair | OfficerTrustee | 0.5 | $0 |
Geoff Woolley Board Member | Trustee | 10 | $0 |
Katherine Ritchie Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ui Ventures Management Services | 12/30/22 | $266,003 |
Ice Miller Legal Services | 12/30/22 | $112,089 |
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 | $101,870,367 |
| Noncash contributions included in lines 1a–1f | $68,240,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,870,367 |
| Total Program Service Revenue | $36,783 |
| Investment income | $1,695,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,519,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,083,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,936,399 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $469,432 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,616 |
| Compensation of current officers, directors, key employees. | $9,616 |
| Compensation to disqualified persons | $266,003 |
| Other salaries and wages | $517,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,251 |
| Payroll taxes | $31,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,089 |
| Fees for services: Accounting | $51,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $258,827 |
| Fees for services: Other | $509,030 |
| Advertising and promotion | $56,952 |
| Office expenses | $489,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,088 |
| Travel | $67,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $515 |
| Interest | $18,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,490 |
| All other expenses | $0 |
| Total functional expenses | $18,086,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,352,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $972,445 |
| 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 | $68,471,035 |
| Investments—other securities | $61,577,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,999 |
| Total assets | $135,449,105 |
| Accounts payable and accrued expenses | $71,575 |
| Grants payable | $0 |
| Deferred revenue | $151,944 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,251 |
| Secured mortgages and notes payable | $675,307 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $904,077 |
| Net assets without donor restrictions | $133,156,863 |
| Net assets with donor restrictions | $1,388,165 |
| 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 | $135,449,105 |
Grants Awarded
Over the last fiscal year, University Impact has awarded $13,589,003 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
A BREEZE OF HOPE PURPOSE: To Support | $10,200 |
ALIGHT PURPOSE: To Support | $35,000 |
AMERICAN HERITAGE SCHOOL PURPOSE: To Support | $75,000 |
AMERICAN ROYAL ASSOCIATION PURPOSE: To Support | $115,000 |
ARISE PROJECT FOR HUMANITY PURPOSE: To Support | $10,000 |
BALL STATE UNIVERSITY FOUNDATION PURPOSE: T&L ROBERTS | $50,000 |