Gct Impact Corp
- Assets
- $0.0
- Revenue
- $1.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 82-2350159
Organization Overview
Gct Impact Corp, operating under the name Company Impact, is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Company 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, Company Impact generated $1.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (56.9%) each year. All expenses for the organization totaled $20.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GCT IMPACT CORP ("GCT IMPACT") IS TO SUPPORT THE DEVELOPMENT OF AN INCLUSIVE, DIVERSE, AND SUSTAINABLE TECHNOLOGY AND ENTREPRENEURSHIP ECOSYSTEM BY PROVIDING EDUCATIONAL PROGRAMMING, INTERNSHIPS AND TRAINING PROGRAMS TO THE STARTUP COMMUNITY. GCT IMPACT WILL CREATE PROGRAMMING AND PATHWAYS FOR UNDERREPRESENTED COMMUNITIES TO ACCESS THE TECHNOLOGY INDUSTRY BY LEVERAGING OPPORTUNITIES FOR SCALABLE SOCIAL IMPACT. GCT IMPACT WILL ALSO TRAIN FOUNDERS FROM THE TECHNOLOGY STARTUP COMMUNITY ON BUILDING VALUES-BASED COMPANIES WITH DIVERSITY AND INCLUSION AT THEIR CORE. GCT IMPACT PLANS TO SOLICIT AND RECEIVE FUNDS FROM INDIVIDUALS, FOUNDATIONS AND PUBLIC CHARITIES SO THAT IT WILL QUALIFY AS A PUBLIC CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GCT IMPACT LAUNCHED ITS COMPREHENSIVE, YEAR-ROUND INTERNSHIP PROGRAM THAT PROVIDES COLLEGE STUDENTS WITH EXTRACURRICULAR INSTRUCTION, PROJECT-BASED LEARNING, MENTORSHIP, CAREER EXPLORATION AND READINESS ACTIVITIES, AND FULL-TIME, PAID SUMMER INTERNSHIPS WITH NEW YORK CITY-BASED TECH COMPANIES. THIS PROGRAM LAUNCHED IN 2018. WE HIRED STUDENTS STUDYING COMPUTER SCIENCE, DESIGN, AND BUSINESS AT CUNY SCHOOLS, WITH A FOCUS ON RECRUITING WOMEN AND UNDERREPRESENTED MINORITIES. THIS PROGRAM SERVICE IS AN ACTIVITY OF OUR CHARITY CONSISTENT WITH OUR EXEMPT PURPOSE AND GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Harrigan Chairman | Trustee | 5 | $0 |
Nelson Schubart Treasurer | Trustee | 10 | $0 |
Lindsay Siegel President | Trustee | 15 | $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 | $1,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,410 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,800 |
| 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 | $0 |
| Office expenses | $30 |
| Information technology | $0 |
| 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 | $3,283 |
| All other expenses | $0 |
| Total functional expenses | $20,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Gct Impact Corp has awarded $16,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COMMIT TO GREEN INC PURPOSE: PUBLIC CHARITIES | $2,100 |
DRIP DROP HEALTH INC PURPOSE: PUBLIC CHARITIES | $2,100 |
FIRST TECH FUND INC PURPOSE: PUBLIC CHARITIES | $2,100 |
FUND FOR THE CITY OF NEW YORK INC PURPOSE: PUBLIC CHARITIES | $2,100 |
GENERATION CONSCIOUS PURPOSE: PUBLIC CHARITIES | $2,100 |
HENRY STREET SETTLEMENT PURPOSE: PUBLIC CHARITIES | $2,100 |