Direct Impact Foundation Inc
- Assets
- $445.1k
- Revenue
- $189.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgeport, CT
- Founding
- Data as of
- 12/2023
- EIN
- 85-3948855
Organization Overview
Direct Impact Foundation Inc is located in Bridgeport, CT. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Direct Impact Foundation 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 12/2023, Direct Impact Foundation Inc generated $189.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $28.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT IMPACT FOUNDATION DIRECTLY SUPPORTS THE IMMEDIATE NEEDS OF SPECIFIC PEOPLE AND COMMUNITIES BY FOSTERING ACCESS TO SAFE HOUSING AND HIGH-QUALITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anastasia Gorgutsa President | 0 | $0 | |
Jessica Mainhardt Secretary | 0 | $0 | |
Pavel Chernyshov Director | 0 | $0 | |
Joon Change Director | 0 | $0 | |
Vijay Mehta Director | 0 | $0 | |
Ronald Ward Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188,433 |
| Total Revenue | $189,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,439 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $28,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,942 |
| Savings and temporary cash investments | $439,141 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $445,083 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Direct Impact Foundation Inc has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMHERST COLLEGE GRANT PURPOSE: EDUCATION ENRICHMENT | $10,000 |
PALM BEACH DAY ACADEMY PURPOSE: EDUCATION ENRICHMENT | $10,000 |
FAIRFIELD COUNTRY DAY SCHOOL PURPOSE: EDUCATION ENRICHMENT | $5,000 |