Eha Impact Ventures Inc
- Assets
- $8.1m
- Revenue
- $457.1k
- Investments
- $4.1m
- Employees
- 2
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 86-2911430
Organization Overview
Eha Impact Ventures Inc is located in Wilmington, DE. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Eha Impact Ventures Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eha Impact Ventures 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 12/2022, Eha Impact Ventures Inc generated $457.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (68.4%) each year. All expenses for the organization totaled $467.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EIV HAS 3 MAJOR FOCUS AREAS; EMPOWER FEMALE ENTREPRENEURS, INVEST IN FEMALE FOUNDED ENTERPRISES, AND BE LEADERS IN THE IMPACT INVESTING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CONTINUED TO SUPPORT THE 3 FEMALE FOUNDERS OF OUR PORTFOLIO COMPANIES TO GROW THEIR BUSINESSES AND SUPPORT THEM WITH MENTORSHIP AND THOUGHT-LEADERSHIP. WE WORKED WITH THEM TO ENSURE AN IMPACT-FIRST MIND SET TO ENSURE THEIR COMPANIES WERE ACTIVELY LOOKING FOR WAYS TO IMPROVE THE HEALTH ECOSYSTEM IN NIGERIA. WE WORKED WITH BANKS AND OTHER LENDING INSTITUTIONS TO FIND WAYS FOR FEMALE FOUNDED COMPANIES TO GET ACCESS TO CATALYTIC CAPITAL AND SECURED AN IMPACT LOAN WITH A LEADING BANK IN NIGERIA FOR ONE OF OUR PORTFOLIO COMPANIES. OUR FOUNDER SPOKE AT MULTIPLE CONFERENCES AND EVENTS ABOUT THE NIGERIAN FEMALE FOUNDER ECOSYSTEM AND THE IMPORTANCE OF INVESTING IN FEMALE FOUNDERS IN AFRICA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Castle CEO | OfficerTrustee | 40 | $111,000 |
Adam Thompson President And Board Member | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $441,346 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,346 |
| Total Program Service Revenue | $0 |
| Investment income | $125,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$109,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $282,159 |
| Compensation of current officers, directors, key employees. | $184,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,345 |
| Fees for services: Accounting | $12,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,363 |
| Fees for services: Other | $32,602 |
| Advertising and promotion | $282 |
| Office expenses | $9,662 |
| Information technology | $1,354 |
| Royalties | $0 |
| Occupancy | $12,549 |
| Travel | $9,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,811 |
| Interest | $7,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,272 |
| All other expenses | $398 |
| Total functional expenses | $467,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,203 |
| Savings and temporary cash investments | $373,925 |
| 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 | $3,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,831 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,099,554 |
| Investments—program-related | $35,000 |
| Intangible assets | $0 |
| Other assets | $531,238 |
| Total assets | $8,068,751 |
| Accounts payable and accrued expenses | $36,260 |
| 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 | $709,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $746,026 |
| Net assets without donor restrictions | $7,322,725 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,068,751 |