University Impact
- Assets
- $4.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Provo, UT
- Founding
- 11/2018
- Data as of
- 12/2020
- 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 12/2020, University Impact employed 20 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 12/2020, University Impact generated $5.4m in total revenue. All expenses for the organization totaled $861.9k during the year ending 12/2020. While expenses have increased by 44.7% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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. THAT ECOSYSTEM CONSITS OF: 1) UNIVERSITY STUDENTS, 2) IMPACT STARTUPS IN NEED OF CONSULTING SERVICES AND THAT ARE PREPARING TO FUNDRAISE, AND 3) ACADEMIC INSTITUTIONS RESEARCHING SOLUTIONS TO THE WORLD'S SOCIAL AND ENVIRONMENTAL PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY IMPACT HELD TWO ONLINE IMPACT BOOTCAMPS - TRAINING 51 COLLEGE STUDENTS AND ALSO HELPED PERFORM DUE DILIGENCE BY: I. DEAL SCREENS ON 148 COMPANIES II. 35 DUE DILIGENCE MEMOS III. 12 NEW IMPACT GRANTS AND INVESTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Blake Executive Di | OfficerTrustee | 40 | $54,808 |
Kurt Brown Board Member | Officer | 0.5 | $0 |
Geoff Woolley Board Member | Officer | 5 | $0 |
Todd Manwaring Board Member | Officer | 1 | $0 |
Aaron Miller Board Member | Officer | 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 | $5,299,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,299,363 |
| Total Program Service Revenue | $0 |
| Investment income | $57,425 |
| 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 | $5,356,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $471,233 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| 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 | $220,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,521 |
| Fees for services: Accounting | $2,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,610 |
| Office expenses | $17,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,284 |
| Travel | $2,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,354 |
| Insurance | $472 |
| All other expenses | $4,385 |
| Total functional expenses | $861,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,823 |
| Savings and temporary cash investments | $1,400,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $10,884 |
| Investments—publicly traded securities | $2,329,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $355,637 |
| Total assets | $4,846,516 |
| Accounts payable and accrued expenses | $0 |
| 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 | $253,955 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,136 |
| Total liabilities | $307,091 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,539,425 |
| Total liabilities and net assets/fund balances | $4,846,516 |
Grants Awarded
Over the last fiscal year, University Impact has awarded $471,233 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: DONATION | $351,233 |
GLOBAL CHORUS FOUNDATIONDAF RECOVERABLE GRANTS PURPOSE: DONATION | $70,000 |
Tuba City, AZ PURPOSE: DONATION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that University Impact has recieved totaling $2,502,998.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $1,963,980 |
A Global Chorus Foundation Wellesley, MA PURPOSE: OPERATING GRANT | $237,364 |
Marc C And Deborah H Bingham Foundation Provo, UT PURPOSE: NEONATAL RESCUE | $150,000 |
Ewcy Foundation Cupertino, CA PURPOSE: HELP FUND COMPANIES AND NONPROFITS SOLVING SOCIAL AND ENVIRONMENTAL PROBLEMS. | $100,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $29,760 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $21,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Naca-Inspired Schools Network Albuquerque, NM | $4,333,179 | $4,644,398 |
Chandler School Boosters Inc Chandler, AZ | $2,971,586 | $4,921,052 |
Denver Early Childhood Council Denver, CO | $1,380,072 | $3,651,532 |
Colorado Digital Learning Solutions Broomfield, CO | $1,575,239 | $3,108,824 |
Lsg And Associates Inc Albuquerque, NM | $1,123,056 | $2,626,051 |
Lobo Development Corporation Albuquerque, NM | $30,104,169 | $2,623,304 |
Montbello Organizing Committee Denver, CO | $2,943,100 | $4,649,313 |
Colorado Early Colleges-Fort Collins Building Corporation Fort Collins, CO | $20,278,437 | $1,400,213 |
San Juan College Foundation Farmington, NM | $27,426,683 | $2,731,458 |
University Of Colorado Property Corporation Denver, CO | $48,186 | $0 |
Asu Prep Global Academy Tempe, AZ | $2,510,073 | $1,221,407 |
Association Of Idaho Cities Boise, ID | $1,653,501 | $1,132,102 |