Impact 100 Palm Beach County Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Boca Raton, FL
- Founding
- 11/2018
- Data as of
- 06/2023
- EIN
- 82-4558049
Organization Overview
Impact 100 Palm Beach County Inc is located in Boca Raton, FL. The organization was established in 2018. According to its NTEE Classification (T31) the organization is classified as: Community 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. Impact 100 Palm Beach County 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 06/2023, Impact 100 Palm Beach County Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 13.0% per year over the past 5 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 2019, Impact 100 Palm Beach County Inc has awarded 48 individual grants totaling $3,087,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPACT 100 PALM BEACH COUNTY CONNECTS, ENGAGES AND INSPIRES WOMEN TO IMPROVE OUR COMMUNITY BY COLLECTIVELY FUNDING MULTIPLE 100,000 GRANTS TO NONPROFITS THAT IMPLEMENT HIGH-IMPACT INITIATIVES IN SOUTHERN PALM BEACH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS IN ORDER FOR THEM TO FURTHER THEIR MISSIONS IN THE AREAS OF ARTS & CULTURE, EDUCATION, ENVIRONMENT, FAMILY AND HEALTH & WELLNESS. THE ORGANIZATION RECEIVED IN-KIND DONATIONS OF 13,300 TO FURTHER THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Adkins Board Member | Trustee | 5 | $0 |
Helen Ballerano Past Preside | Trustee | 2 | $0 |
Kim Beaumont Treasurer | Officer | 5 | $0 |
Michelle Bernardo Membership C | Trustee | 2 | $0 |
Kimberly L Boldt Pres Elect C | Officer | 5 | $0 |
Laura Bull Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $804,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,188,839 |
| Total Program Service Revenue | $0 |
| Investment income | $16,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $803,999 |
| 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 | $45,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,025 |
| Advertising and promotion | $62,166 |
| Office expenses | $34,093 |
| Information technology | $11,088 |
| Royalties | $0 |
| Occupancy | $2,044 |
| 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 | $2,381 |
| All other expenses | $15,669 |
| Total functional expenses | $1,099,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,793 |
| Savings and temporary cash investments | $1,229,627 |
| Pledges and grants receivable | $407,000 |
| Accounts receivable, net | $1,050 |
| 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 | $1,806,470 |
| Accounts payable and accrued expenses | $195 |
| Grants payable | $550,000 |
| Deferred revenue | $167,875 |
| 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 | $2,323 |
| Total liabilities | $720,393 |
| Net assets without donor restrictions | $1,086,077 |
| 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 | $1,806,470 |
Grants Awarded
Over the last fiscal year, Impact 100 Palm Beach County Inc has awarded $800,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PROPEL INC PURPOSE: CHARITY | $100,000 |
4KIDS OF SOUTH FLORIDA INC | | | $100,000 |
ARMS OF HOPE COMMUNITY INC | | | $100,000 |
DIGITAL VIBEZ | | | $100,000 |
HABILITATION CENTER FOR THE HANDICA | | | $100,000 |
INTERFAITH COMMITTEE FOR SOCIAL SER | | | $100,000 |