Philanthropic Impact Foundation
- Assets
- $9.2m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- Data as of
- 12/2023
- EIN
- 86-2055661
Organization Overview
Philanthropic Impact Foundation is located in Franklin, TN. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Philanthropic Impact Foundation 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, Philanthropic Impact Foundation generated $30.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $24.9m during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Philanthropic Impact Foundation has awarded 33 individual grants totaling $82,038,107. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHILANTHROPIC IMPACT FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION THAT PROVIDES A LEGAL STRUCTURE UNDER WHICH CHARITABLE PROGRAMS MAY OPERATE, ACTING AS FISCAL SPONSOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVERSE CHILDHOOD EXPERIENCES - OR ACES - DIRECTLY IMPACT TWO OUT OF THREE ADULTS IN THE UNITED STATES, AND ABOUT 1 IN 6 ADULTS EXPERIENCE FOUR OR MORE ACES. ACES AND TOXIC STRESS ARE ASSOCIATED WITH OVER 40 COMMON, COSTLY HEALTH CONDITIONS (LIKE HEART DISEASE, CANCER, STROKE, DEPRESSION, ANXIETY) AND ARE ASSOCIATED WITH AT LEAST 8 OF THE 10 LEADING CAUSES OF DEATH IN THE US. ALONG WITH COSTLY HEALTH CONDITIONS AND PREVENTABLE SUFFERING, ACES CAN HAVE NEGATIVE IMPACTS ON EDUCATIONAL, LEARNING, WORKPLACE, RELATIONSHIP, AND FAMILY OUTCOMES, AS WELL FINANCIAL COSTS INTO THE BILLIONS ANNUALLY. LEADING HEALTH EXPERTS BELIEVE ACES AND TOXIC STRESS TO BE ONE OF THE BIGGEST UNADDRESSED PUBLIC HEALTH CHALLENGES IN THE NATION.
THE SKILLED TRADES INITIATIVE'S GOAL IS TO BRING AN UPSWELL OF TEENS AND YOUNG ADULTS INTO SKILLED TRADE CAREERS. IN CONJUNCTION WITH 'SKILLS USA AND THROUGH TWO PRINCIPLE PROGRAMS: THE 'SKILLS JAM' EPISODIC SERIES AND THE 'SKILLED CAREERS COALITION', THE SKILLED TRADES INITIATIVE IS EXPOSING TEENAGERS, PARENTS AND SCHOOL GUIDANCE COUNSELORS TO THE OPPORTUNITIES AND BENEFITS OF CAREERS IN A SKILLED TRADE.
SECOND CHANCE HIRING INITIATIVE (AKA TALENT NOVA) IS ABOUT EQUIPPING EMPLOYERS AND JUSTICE-IMPACTED TALENT WITH THE TOOLS, TRAINING, AND CONFIDENCE THEY NEED TO SUCCEED IN THE MODERN WORKFORCE. THE TALENT NOVA PLATFORM WAS BORN OF THE BELIEF THAT ALL PEOPLE DESERVE EQUITABLE ACCESS TO THE CAREERS THEY'RE QUALIFIED FOR REGARDLESS OF THEIR RECORD. WE ARE A PASSIONATE GROUP WITH EXPERTISE IN AN ARRAY OF DISCIPLINARY BACKGROUNDS, LIKE HUMAN RESOURCES, ADVOCACY, BUSINESS, MARKETING, AND RE-ENTRY - AND MANY OF US ARE JUSTICE-IMPACTED. TALENT NOVA IS NOT JUST A PLATFORM; IT'S A LAUNCHING PAD. IT'S DESIGNED TO EQUIP EMPLOYERS AND JUSTICE-IMPACTED TALENT WITH THE TOOLS, KNOWLEDGE, AND CONFIDENCE TO NAVIGATE THE MODERN WORKFORCE WHILE PURSUING AND UNLOCKING ECONOMIC ADVANCEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $30,165,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,165,817 |
| Total Program Service Revenue | $0 |
| Investment income | $380,689 |
| 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 | $30,546,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,684,446 |
| 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 | $1,218,946 |
| 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 | $132 |
| 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 | -$65 |
| All other expenses | $0 |
| Total functional expenses | $24,916,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,211,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $15,828 |
| 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 | $9,227,108 |
| Accounts payable and accrued expenses | $58,840 |
| 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 | $58,840 |
| Net assets without donor restrictions | $17,771 |
| Net assets with donor restrictions | $9,150,497 |
| 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 | $9,227,108 |
Grants Awarded
Over the last fiscal year, Philanthropic Impact Foundation has awarded $23,684,446 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ANONYMOUS PHILANTHROPY LLC PURPOSE: TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS. | $23,526,596 |
SKILLSUSA PURPOSE: TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS. | $107,850 |
WE ARE MOVING THE NEEDLE INC PURPOSE: TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS. | $50,000 |