Community Impact Fund
- Assets
- $802.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Greenwood Village, CO
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-4577516
Organization Overview
Community Impact Fund is located in Greenwood Village, CO. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Impact Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Impact Fund 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 12/2021, Community Impact Fund generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.2% each year . All expenses for the organization totaled $667.9k during the year ending 12/2021. While expenses have increased by 65.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ORGANIZATIONS MEET THE NEEDS OF THEIR COMMUNITY BY PROVIDING THE EDUCATION AND TECHNOLOGY TO CREATE SUSTAINABLE AND SCALABLE COMMUNITY IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS & COMMUNITY ASSISTANCE: PROVIDE GRANTS AND ASSISTANCE TO COMMUNITY MEMBERS IN NEED. THIS INCLUDES DIRECT GRANTS AND COMMUNITY IMPACT LOANS TO ASSIST COMMUMITY MEMBERS DEAL WITH VARIOUS NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judah Musick Executive Dir. | Officer | 40 | $120,000 |
Brandon Melton Vice President | OfficerTrustee | 1 | $0 |
Tad Jones Treasurer | OfficerTrustee | 1 | $0 |
Will Goodale Secretary | OfficerTrustee | 1 | $0 |
Matt King President | OfficerTrustee | 1 | $0 |
Jeffrey Bojar Director | Trustee | 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 | $1,103,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,103,619 |
| Total Program Service Revenue | $36,544 |
| Investment income | $10 |
| 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 | $1,140,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,781 |
| Grants and other assistance to domestic individuals. | $199,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $39,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,521 |
| Pension plan accruals and contributions | $7,678 |
| Other employee benefits | $7,887 |
| Payroll taxes | $15,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,600 |
| Fees for services: Accounting | $15,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,376 |
| Advertising and promotion | $17,585 |
| Office expenses | $3,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,293 |
| 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 | $3,723 |
| All other expenses | $696 |
| Total functional expenses | $667,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,863 |
| 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 | $113,858 |
| 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 | $86,326 |
| Total assets | $802,047 |
| Accounts payable and accrued expenses | $866 |
| 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 | $866 |
| 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 | $801,181 |
| Total liabilities and net assets/fund balances | $802,047 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Impact Fund has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Impact Investing Charitable Foundation Inc Overland Park, KS PURPOSE: HUMANITARIAN HELP | $25,000 |
Schwan Family Foundation Glen Ellyn, IL PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |