Bold Impact
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Woodbridge, VA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3859090
Organization Overview
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 12/2021, Bold Impact generated $1.1m in total revenue. All expenses for the organization totaled $41.8k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 PRODUCED 4 RIGHTS X TECH FORUMS FOR HUMAN RIGHTS TECHNOLOGISTS AND TECHNOLOGY PLATFORM LEADERS ON THE FOLLOWING TOPICS: UNLOCKING TECHNOLOGY FOR RADICAL INNOVATION, BUILDING TECH FOR RADICAL JOY, GRIEF X HEALING X INNOVATION, AND THE FUTURE OF SOLIDARITY TECHNOLOGY. ADDITIONALLY, RIGHTS X TECH BUILT PARTNERSHIPS WITH THE FOLLOWING: NONPROFIT NEWSROOM THE MARKUP TO LAUNCH THEIR FIRST TECHNOLOGY PRODUCT BLACKLIGHT. BOOKSHOP.ORG TO PROVIDE COPIES OF CHARLENE CARRUTHERS BOOK, "UNAPOLOGETIC: A BLACK, QUEER, AND FEMINIST MANDATE FOR RADICAL MOVEMENTS" TO RXT COMMUNITY MEMBERS. TECHACTIVIST.ORG FOUNDER AND FORMER BLACK GIRLS CODE DIRECTOR IDALIN BOBE TO DELIVER TECHNOLOGY CARE PACKAGES FOR FOSTER YOUTH IMPACTED BY COVID.
THROUGH ITS SPECIAL PROJECTS INITIATIVE, AND IN PARTNERSHIP WITH THE STANFORD DIGITAL CIVIL SOCIETY LAB AND HUMAN-CENTERED ARTIFICIAL INTELLIGENCE LAB, BOLD IMPACT DESIGNED AND HELD A SERIES OF ORGANIZING MEETINGS FOR THE COVID DATA ALLIANCE. OVER 35 MOVEMENT LEADERS AND ORGANIZERS PARTICIPATED IN 3 MEETINGS TO SUPPORT A JUST AND INCLUSIVE RECOVERY.
FUTURE WELL SUPPORTS A NETWORK MEDIA AND TECHNOLOGY LEADERS DEDICATED TO COLLECTIVE WELL-BEING THROUGH THEIR EFFORTS TO BUILD A DIVERSE, VIBRANT AND HEALTHY INFORMATION ECOSYSTEM. IN 2021, BOLD IMPACT LED THE PLANNING, DESIGN AND PARTNERSHIP DEVELOPMENT OF A NEW INITIATIVE CALLED FUTUREWELL, WHICH LAUNCHED ITS PILOT PROJECT IN 2022. FUTUREWELL IS A GRANTMAKING AND LEADERSHIP COHORT THAT FOCUSES ON DIGITAL WELL-BEING BY SUPPORTING ORGANIZATIONS AND COMPANIES WHOSE OUTCOMES EXPLICITLY SUPPORT KEEPING BLACK AND BROWN PEOPLE ALIVE, WELL AND THRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isra Pananon Weeks President | OfficerTrustee | 3 | $0 |
Sabrina Hersi Issa Director | OfficerTrustee | 10 | $0 |
Rachel Weidinger Director | Officer | 3 | $0 |
Adele M Stan Director | Officer | 3 | $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 | $1,122,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,122,080 |
| 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 | $1,122,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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 | $12,062 |
| Advertising and promotion | $0 |
| Office expenses | $2,336 |
| Information technology | $590 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $177 |
| All other expenses | $25 |
| Total functional expenses | $41,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,256 |
| 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 | $1,298,256 |
| Accounts payable and accrued expenses | $66 |
| 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 | $66 |
| Net assets without donor restrictions | $671,746 |
| Net assets with donor restrictions | $626,444 |
| 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 | $1,298,256 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bold Impact has recieved totaling $515,750.
| Awarding Organization | Amount |
|---|---|
Democracy Fund Inc Washington, DC PURPOSE: GENERAL SUPPORT | $515,000 |
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Propane Gas Association Inc Washington, DC | $13,626,002 | $7,831,791 |
The Landmark Foundation Norfolk, VA | $109,541,807 | $6,787,493 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
The Center For Documentary Studies Durham, NC | $43,603,036 | $4,787,381 |
National Center On Sexual Exploitation Inc Washington, DC | $5,068,594 | $5,085,859 |
Journalism For Change Inc Arlington, VA | $491,394 | $3,913,277 |
Mennomedia Inc Harrisonburg, VA | $1,388,799 | $3,143,696 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
Telecommunications Development Fund Washington, DC | $115,521,376 | $18,354,243 |
Local 602 Communications And Productivity Fund Capitol Heights, MD | $3,860,655 | $2,390,696 |
Power And Communication Contractors Association Churchton, MD | $1,247,958 | $1,806,728 |