Cocatalyst Impact Inc
- Assets
- $255.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2021
- EIN
- 86-1218871
Organization Overview
Cocatalyst Impact Inc is located in Palo Alto, CA. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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. Cocatalyst Impact Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Cocatalyst Impact Inc has awarded 24 individual grants totaling $475,799. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAKING CHARITABLE NON-CASH GIVING TO NONPROFIT ORGANIZATIONS EASY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEWILL IMPACT FUND OPERATES A DONOR ADVISED FUND. IT MAKES GRANTS OUT OF ITS ASSETS TO OTHER QUALIFYING NONPROFIT ORGANIZATIONS CONSIDERING RECOMMENDATIONS FROM THE ORIGINAL DONORS REGARDING WORTHY ORGANIZATIONS. FREEWILL IMPACT FUND'S MISSION IS TO MAKE CHARITABLE GIVING ESPECIALLY EASY, SO DONORS CAN SUPPORT THEIR FAVORITE NONPROFIT ORGANIZATIONS WITHOUT TRADITIONAL PAIN POINTS IN NON-CASH GIVING AND MAKE A TRULY REMARKABLE IMPACT ON THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Xia Spradling President | OfficerTrustee | 1 | $0 |
Alexander Chung President (thru 7/9/21) | OfficerTrustee | 1 | $0 |
Anita Chung Secretary (thru 7/9/21) | OfficerTrustee | 1 | $0 |
John Goedert Treasurer | OfficerTrustee | 1 | $0 |
Stephen Lin Treasurer (thru 7/9/21) | OfficerTrustee | 1 | $0 |
Kathryn Zealand 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 | $1,188,952 |
| Noncash contributions included in lines 1a–1f | $1,188,952 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,188,952 |
| 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 | $1,188,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,152,131 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $36,921 |
| Total functional expenses | $1,189,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,124 |
| 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 | $255,124 |
| Accounts payable and accrued expenses | $255,224 |
| 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 | $255,224 |
| 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 | -$100 |
| Total liabilities and net assets/fund balances | $255,124 |
Grants Awarded
Over the last fiscal year, Cocatalyst Impact Inc has awarded $475,799 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY ANGLICAN CHURCH PURPOSE: GENERAL SUPPORT | $91,734 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $83,407 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $55,942 |
Silver Spring, MD PURPOSE: GENERAL SUPPORT | $25,977 |
Austin, TX PURPOSE: GENERAL SUPPORT | $23,533 |
New York, NY PURPOSE: GENERAL SUPPORT | $21,005 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cocatalyst Impact Inc has recieved totaling $8,573.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rockwood Leadership Institute Oakland, CA | $10,080,885 | $11,124,297 |
Grantmakers Concerned With Immigrants And Refugees Petaluma, CA | $4,788,688 | $4,336,686 |
Catalyst Of San Diego & Imperial Counties San Diego, CA | $7,738,471 | $2,813,093 |
B1g1 Giving Portland, OR | $244,433 | $1,502,291 |
Cocatalyst Impact Inc Palo Alto, CA | $255,124 | $1,188,952 |
Tides Two Rivers Fund San Francisco, CA | $10,075,480 | $1,337,806 |
Liferay Foundation Diamond Bar, CA | $4,622,598 | $1,105,729 |
Global Philanthropy Foundation Santa Monica, CA | $49,981 | $4,927 |
Swedemom Center Of Giving Mcminnville, OR | $65 | $275,031 |
Project High Hopes Escondido, CA | $275,148 | -$21,824 |
Orcasong Institute Portland, OR | $974,234 | $97,911 |
Social Good Labs Incorporated Princeville, HI | $799,623 | $638,259 |