Impetus Fund
- Assets
- $789.0k
- Revenue
- $68.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 06/2021
- EIN
- 85-1701143
Organization Overview
Impetus Fund is located in Washington, DC. Impetus Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPETUS FUND (THE "FUND") IS A 501(C)(4) SOCIAL WELFARE ORGANIZATION DEDICATED TO PROMOTING THE COMMON GOOD, IMPROVING THE WELL-BEING OF COMMUNITIES, AND STRENGTHENING SOCIETY AT-LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY - THE FUND AIMS TO ADVANCE A BROAD AGENDA OF IMPORTANT SOCIAL ISSUES USING GRANTMAKING, EDUCATION, ADVOCACY, GRASSROOTS ACTIVISM, CIVIC ENGAGEMENT, RESEARCH, LOBBYING, AND OTHER TACTICS AND STRATEGIES. THROUGH ITS EFFORTS, THE FUND'S VISION IS TO ACHIEVE A SOCIETY THAT BENEFITS EVERYONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saurabh Gupta General Counsel | Officer | 1 | $2,512 |
Ezra Reese President And Chair | OfficerTrustee | 1 | $0 |
Shelley Waters Boots Treasurer (through 6/30/2021) | OfficerTrustee | 1 | $0 |
Andrew Schulz Secretary | OfficerTrustee | 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 | $67,441,535 |
| Noncash contributions included in lines 1a–1f | $67,384,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,441,535 |
| Total Program Service Revenue | $0 |
| Investment income | $799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,552,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,718,470 |
| 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. | $2,512 |
| Compensation of current officers, directors, key employees. | $2,512 |
| 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 | $2,690,056 |
| Fees for services: Legal | $3,888 |
| 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 | $387,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,666 |
| Royalties | $0 |
| Occupancy | $1,339 |
| 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 | $21,495 |
| All other expenses | $7,168 |
| Total functional expenses | $67,842,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,086 |
| Savings and temporary cash investments | $503,437 |
| 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 | $2,514 |
| 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 | $789,037 |
| Accounts payable and accrued expenses | $78,966 |
| 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 | $78,966 |
| Net assets without donor restrictions | $709,571 |
| Net assets with donor restrictions | $500 |
| 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 | $789,037 |
Grants Awarded
Over the last fiscal year, Impetus Fund has awarded $64,718,470 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Palo Alto, CA PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $55,851,537 |
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $4,000,000 |
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $3,406,933 |
Washingtion, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $510,000 |
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $500,000 |
Brooklyn, NY PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $450,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Impetus Fund has recieved totaling $3,418,943.
| Awarding Organization | Amount |
|---|---|
Majority Forward Washington, DC PURPOSE: GENERAL SUPPORT | $3,418,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Adventist Development And Relief Agency International Silver Spring, MD | $93,556,695 | $133,531,867 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Wellmont Medical Associates Inc Johnson City, TN | $20,115,154 | $123,355,433 |
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
Moses Cone Physician Services Inc Greensboro, NC | $50,601,187 | $84,107,412 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
U S Committee For Refugees And Immigrants Inc Arlington, VA | $73,971,820 | $124,758,624 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |