The Impact Seat Foundation Corp
- Assets
- $3.2m
- Revenue
- $2.1m
- Investments
- $2.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3470780
Organization Overview
The Impact Seat Foundation Corp is located in Boston, MA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Impact Seat Foundation Corp 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, Impact Seat Foundation Corp generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $683.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Clarke President And Treasurer | 10 | $0 | |
Janelle Benjamin Director | 10 | $25,000 | |
Juanita Lott Director | 10 | $25,000 | |
Cheryl Contee CEO | 40 | $230,769 | |
Gabriella DE La Cruz Communication Direct | 40 | $69,231 | |
Sophia Holbrook Communication Associ | 40 | $23,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imaginepod Llc | 12/30/22 | $30,000 |
Kendra Chencus | 12/30/22 | $14,807 |
Waldron H Rand & Company Pc | 12/30/22 | $5,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,072,149 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,988 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$645 |
| Total Revenue | $2,058,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $323,250 |
| Pension plans, employee benefits | $27,665 |
| Interest | $0 |
| Taxes | $22,906 |
| Depreciation | $0 |
| Occupancy | $3,751 |
| Travel, conferences, and meetings | $14,377 |
| Printing and publications | $180 |
| Other expenses | $35,615 |
| Total operating and administrative expenses | $598,407 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $683,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,072 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $986 |
| 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 | $2,653,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $400,000 |
| Total assets | $3,192,407 |
| 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, The Impact Seat Foundation Corp has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE 19TH NEWS PURPOSE: EVENT SPONSORSHIP | $75,000 |
STELLA FOUNDATION PURPOSE: PURPOSE DESIGNATED BY THE RECIPIENT | $10,000 |