Impactdmv Inc
- Assets
- $25.3k
- Revenue
- $173.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Upper Marlboro, MD
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-3831348
Organization Overview
Impactdmv Inc is located in Upper Marlboro, MD. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Impactdmv Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impactdmv 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 12/2023, Impactdmv Inc generated $173.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $178.5k during the year ending 12/2023. While expenses have increased by 49.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPACTDMV SUPPORTS THE PERSONAL AND PROFESSIONAL DEVELOPMENT OF UNDERSERVED MINORITY YOUTH AND YOUNG ADULTS IN PRINCE GEORGE'S COUNTY, MARYLAND COMMUNITY. WE ENVISION EVERY YOUNG ADULT HAVING THE EQUAL OPPORTUNITY, RESOURCES, AND COMMUNITY OF SUPPORT NEEDED TO CONQUER THEIR EDUCATIONAL, CAREER, AND CREATIVE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASED IN PRINCE GEORGE'S COUNTY, MARYLAND, IMPACTDMV SUPPORTS THE PERSONAL AND PROFESSIONAL DEVELOPMENT OF UNDERSERVED MINORITY YOUTH AND YOUNG ADULTS IN OUR COMMUNITY. WE CONNECT 14- TO 30-YEAR-OLDS WITH WORKSHOPS, EVENTS, AND MENTORSHIP TO STRENGTHEN THEIR ACADEMIC, PROFESSIONAL, AND INTERPERSONAL SKILLS AND FOSTER CRITICAL CONNECTIONS THAT LEAVE A LASTING IMPACT. CURRENT PROGRAMS INCLUDE COLLEGE PREPARATION, CAREER READINESS, FINANCIAL LITERACY, AND LEADERSHIP DEVELOPMENT. WHILE THESE MAY ALL BE VIEWED AS SEPARATE PROGRAMS, THEY COMPRISE A LAYERED APPROACH THAT SUPPORTS PARTICIPANTS FROM COLLEGE PREPARATION THROUGH GRADUATION AND INTO THEIR EARLY CAREER STAGES. IMPACT YOUR ACCEPTANCE PROGRAM SERVICES EMPOWERS AMBITIOUS MINORITY HIGH SCHOOL STUDENTS, COLLEGE STUDENTS, AND RECENT GRADUATES THROUGH COMPREHENSIVE, TAILORED PROGRAMS. THESE PROGRAMS DEVELOP LEADERSHIP SKILLS, NAVIGATE COLLEGE ADMISSIONS, AND LAUNCH SUCCESSFUL CAREERS. BY PROVIDING GUIDANCE, RESOURCES, AND CONFIDENCE, IMPACT YOUR ACCEPTANCE TRANSFORMS STUDENTS' POTENTIAL INTO EXTRAORDINARY ACHIEVEMENT, ENABLING THEM TO SHAPE THE FUTURE THEY ENVISION. IMPACTDMV'S THREE CORE SERVICES - IYA: ADMISSIONS ACADEMY, IYA: LEADERSHIP INSTITUTE, AND IMPACT YOUR CAREER - WORK IN CONCERT TO SUPPORT STUDENTS AT VARIOUS STAGES OF THEIR ACADEMIC AND PROFESSIONAL JOURNEYS, ENSURING A HOLISTIC APPROACH TO PERSONAL AND CAREER DEVELOPMENT. IYA'S IMPACT IS EVIDENT IN ITS IMPRESSIVE STATISTICS: SCHOLARS HAVE ACHIEVED OVER 650 COLLEGE ACCEPTANCES, SECURED MORE THAN $21 MILLION IN SCHOLARSHIP AWARDS, MAINTAINED A 100% COLLEGE ACCEPTANCE AND SCHOLARSHIP AWARD RATE, WITH ALL SCHOLARS REPORTING INCREASED CHANCES OF ADMISSION TO THEIR TOP SCHOOLS AND IMPROVED ESSAY-WRITING SKILLS.
IMPACTDMV YOUTH AND YOUNG ADULT COLLEGE ACCESS AND CAREER DEVELOPMENT PROGRAMS: IMPACTDMV SUPPORTS THE PERSONAL AND PROFESSIONAL DEVELOPMENT OF UNDERSERVED MINORITY YOUTH AND YOUNG ADULTS IN OUR COMMUNITY, PARTICULARLY LOW-INCOME AND FIRST-GENERATION COLLEGE STUDENTS. WE ENVISION ALL YOUNG ADULTS HAVING THE EQUAL OPPORTUNITY, RESOURCES, AND SUPPORT NEEDED TO REACH THEIR ACADEMIC AND CAREER GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armani Mcmillan Executive Director | Officer | 60 | $24,960 |
Walter Simmons Board Chair | OfficerTrustee | 7 | $0 |
Kavon Lewis Treasurer | OfficerTrustee | 7 | $0 |
Pkuaa Owusu Director | Trustee | 5 | $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 | $173,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,460 |
| 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 | $173,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $24,960 |
| Compensation of current officers, directors, key employees. | $4,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,792 |
| Fees for services: Accounting | $1,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,770 |
| Advertising and promotion | $11,947 |
| Office expenses | $12,453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,503 |
| Travel | $18,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $400 |
| All other expenses | $3,023 |
| Total functional expenses | $178,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,271 |
| 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 | $25,271 |
| Accounts payable and accrued expenses | $3,438 |
| 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 | $3,438 |
| Net assets without donor restrictions | $21,833 |
| 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 | $25,271 |