Bold Impact is located in Woodbridge, VA. The organization was established in 2019. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bold 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 12/2023, Bold Impact generated $302.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $790.7k during the year ending 12/2023. 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
BOLD IMPACT IS A NATIONAL NON-PROFIT DEDICATED TO LEVERAGING THE POWER OF TECHNOLOGY AND MEDIA TO BUILD A WORLD WHERE ALL COMMUNITIES CAN THRIVE. BOLD IMPACT STEWARDS PROGRAMS THAT ADDRESS INEQUALITY IN TECHNOLOGY, MEDIA AND COMMUNITY CARE AND SUPPORT BUILDING MEANINGFUL, DIVERSE THRIVING COMMUNITIES SUPPORTED BY A HEALTHY INFORMATION AND INNOVATION ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOLD IMPACT IS PRODUCING FUTURE WELL'S FACILITATED SALON SERIES AND ISSUING CAPITAL GRANTS RESOURCING A NETWORK OF MEDIA LEADERS WORKING TO BUILD A DIVERSE, VIBRANT FUTURE WHERE ALL COMMUNITIES CAN THRIVE. THE FUTURE WELL PROGRAM NURTURES A COLLECTIVE AND BUILDS INTERLOCKING POINTS BETWEEN MEDIA, JOURNALISM LEADERS, AND INNOVATION ECONOMIES. THE PROGRAM CENTERS THE NEEDS OF CREATIVE MEDIA INNOVATORS SERVING BLACK AND BROWN COMMUNITIES. IN 2023, BOLD IMPACT LAUNCHED FUTURE WELL?S FOUNDING COHORT. FUTURE WELL IS BUILDING POWER FOR A DIVERSE LOCAL MEDIA JOURNALISM ECOSYSTEM BY RESOURCING INNOVATIVE ENTREPRENEURS. FUTURE WELL?S PROGRAM SEEDED RESOURCES FOR A DIVERSE, VIBRANT, AND DEMOCRATIC INNOVATIVE ECONOMY, CREATING A BEAUTIFUL COMMUNITY FOR TODAY?S FUTURE. IN TOTAL, FUTURE WELL HAS ISSUED 10 GRANTS TO ORGANIZATIONS/INDIVIDUALS AND 17 JOURNALISTS, MEDIA, TECHNOLOGY, AND CULTURAL CHANGE ENTREPRENEURS. LEADERS IDENTIFY AS BLACK, BROWN, LATINX, LGBTQI, NON-BINARY, IMMIGRANTS, AND FORMERLY UNDOCUMENTED. SUBJECT MATTER EXPERTISE INCLUDED: RACIAL JUSTICE, LOCAL JOURNALISM, DISINFORMATION, LATINX COMMUNITIES, FOOD & CULTURE, COMMUNITY ORGANIZING, TECHNOLOGY, AND THE ARTS. COHORT MEMBERS PARTICIPATE IN MONTHLY FACILITATED SALON SERIES, SURVEY ENGAGEMENT, ORGANIZATIONAL STRATEGY ADVISING AND OFFICE HOURS SUPPORT.
RIGHTS X TECH IS A PROGRAM THAT FACILITATES A NETWORK AND A FORUM FOR INNOVATIVE MOVEMENT LEADERS, TECHNOLOGISTS FROM TOP TECHNOLOGY COMPANIES, FINANCE AND POLICY EXPERTS TO EXPLICITLY INTERROGATE THE MOST PRESSING HUMAN RIGHTS ISSUES THE ECOSYSTEM IS RECKONING WITH TODAY. IT WAS DESIGNED AS A CLEARING FOR RELATIONAL BRIDGE BUILDING BETWEEN INDIVIDUALS WITHIN TECHNOLOGY COMPANIES AND TOP MOVEMENT/POLICY STRATEGISTS TO CO-POLLINATE BOTH ECOSYSTEMS WITH INTERVENTIONS IN TECHNOLOGY POLICIES, DIGITAL RIGHTS, STRATEGY, AND PLATFORM DEVELOPMENT THAT ARE INCLUSIVE OF HUMAN RIGHTS AND LESSEN HARMS FOR MARGINALIZED AND VULNERABLE COMMUNITIES. IN 2023, THE RIGHTS X TECH SPUN THE PROGRAM?S FLAGSHIP PUBLICATION ?CALL TO ACTION? INTO A NEWSLETTER BRAND. SAFETY, SOLIDARITY & TECHNOLOGY WITH SEYI AKIWOWO, FOUNDER OF GLITCH AND AUTHOR OF ?HOW TO STAY SAFE ONLINE? AND PARTNERED WITH ONLINE BOOKSELLERS TO DISTRIBUTE THE BOOK TO RXT COMMUNITY MEMBERS. RIGHTS X TECH ALSO CONTINUED TO SPEARHEAD WORK FOR TECHNOLOGY FOR INCLUSIVE RECOVERIES, SPUN OUT OF THE RXT ARCHIVED PANDEMIC DATA PROJECT: COVID RACIAL IMPACT DATA ALLIANCE.
THROUGH BOLD IMPACT COMBINED EMERGENT CAMPAIGNS AND SPECIAL PROJECTS INITIATIVES, EMERGENT CAMPAIGNS INTEND TO RESPOND TO CURRENT EVENTS, TRENDS, AND EMERGENT ISSUES IN TECHNOLOGY AND MEDIA IMPACTING THE RIGHTS, PROTECTIONS, AND WELL-BEING OF BLACK AND BROWN COMMUNITIES. BOLD IMPACT DEVELOPS SPECIAL PROJECTS AS ACCELERANTS TO EXISTING PROGRAMMATIC WORK AND PAIRS WITH PARTNER ORGANIZATIONS TO INTEGRATE THE CAMPAIGNS FOR CONTINUITY. THROUGH THIS, THE ORGANIZATION CONTINUES ITS PILOT OF WOMEN OF COLOR LEADERSHIP WELL-BEING CIRCLE AND COMMUNITY NETWORK. PROVIDE STRATEGIC ADVICE TO MOVEMENT LEADERS. IN RESPONSE TO THE RISING MOVEMENT TO BAN BOOKS AND UNDERMINE LOCAL CIVIC INFRASTRUCTURE PROVIDED BY PUBLIC LIBRARIES, BOLD IMPACT IS DESIGNING A CREATOR-IN-RESIDENCE PROGRAM FOR PUBLIC LIBRARIES. THE CAMPAIGN WILL PAIR THOUGHTFUL BLACK AND BROWN SOCIAL MEDIA CONTENT CREATORS WITH RESOURCES AND CREATIVE TOOLS TO BE IN-HOUSE STORYTELLERS AND CIVIC CHAMPIONS FOR THEIR COMMUNITY LIBRARY SYSTEM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sabrina Hersi Issa Executive Dir. | OfficerTrustee | 40 | $175,000 |
Isra Pananon Weeks President | OfficerTrustee | 3 | $0 |
Rachel Weidinger Director | Officer | 3 | $0 |
Adele M Stan Director | Officer | 3 | $0 |
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 | $302,741 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $302,741 |
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 | $302,741 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
Grants and other assistance to domestic individuals. | $100,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $218,750 |
Compensation of current officers, directors, key employees. | $21,875 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $12,471 |
Fees for services: Management | $3,500 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,490 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $56,026 |
Advertising and promotion | $10,958 |
Office expenses | $4,815 |
Information technology | $6,282 |
Royalties | $0 |
Occupancy | $27,984 |
Travel | $18,056 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,875 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,978 |
All other expenses | $269 |
Total functional expenses | $790,716 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $490,514 |
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 | $490,514 |
Accounts payable and accrued expenses | $44,753 |
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 | $3,875 |
Total liabilities | $48,628 |
Net assets without donor restrictions | $350,886 |
Net assets with donor restrictions | $91,000 |
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 | $490,514 |
Over the last fiscal year, Bold Impact has awarded $300,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
COMMISSIONER MIAMI PURPOSE: Community arts | $50,000 |
CHECK MY ADS INSTITUTE PURPOSE: Consumer safety in digital advrtzng | $50,000 |
CAPITAL B NEWS INC PURPOSE: News centered on Black voices | $50,000 |
PODERISTAS COMMUNITY FUND PURPOSE: Latinx technology | $50,000 |
URL MEDIA HOLDINGS INC PURPOSE: Racial justice news and media | $50,000 |
WELL READ BLACK GIRL PURPOSE: Racial justice in the media | $50,000 |