Impact Foundation

Filing Period

Jan 1, 2012 to Dec 31, 2012

Signed

Nov 14, 2013

Return Version

2012v2.1

Gross Receipts

$808,825

Mission

Major Activities

Activity 2

Economic DevelopmentThe Foundations support the economic development of North Dakota communities by initiating and funding various initiatives directed at assisting small businesses located in North Dakota. Grants from the USDA Office of Rural Development, North Dakota Department of Commerce, and Dakota Certified Development Corporation established the procurement assistance program (PAC) in 2006 to provide research, technical assistance, and training to North Dakota small businesses assisting them in securing federal and state government contracts for their goods and services. The Otto Bremer Foundation provided Impact with a $240,000 multi-year grant in 2008 to establish a Veteran's Entrepreneurship Assistance Program. While this funding ended in December 2011, it allowed the PAC to assist veterans to start and expand their businesses by securing government contracts. Funding from the USDA Office of Rural Development has allowed this program to assist businesses in key rural communities throughout the state. The USDA grant ended in 2012. On July 1, 2012, Impact received a $100,000 grant from the North Dakota Department of Commerce and a $50,000 grant from Dakota Certified Development Corporation to fund a procurement technical assistance center (PTAC) to provide small businesses with technical assistance, counseling, and bid-match services to obtain government contracts throughout the state of North Dakota. In 2012, Impact received a $150,000 grant from the Defense Logistics Agency effective for PTAC activities beginning on October 1, 2012. Technical assistance has been provided to over 300 North Dakota businesses through December 2012, including 111 Native American and 70 veteran owned businesses and representing 90% of the current 8(a)/Small Disadvantaged Business certified companies. Impact has hosted 31 workshops with over 600 attendees. Over 237 bids have been submitted with 130 contracts obtained totaling over $189 million of which $117 million were Native American business contract dollars. Over 750 North Dakota jobs have been retained and/or created through the efforts of the Impact PTAC.Impact entered into a 30-year loan commitment with the USDA Intermediary Loan Program (IRP) through the Office of Rural Development in 2007. The IRP created a $937,500 pool of funds available to qualifying North Dakota businesses at low interest rates. Dakota Certified Development Corporation (DCDC) provided a grant to Impact to meet the equity requirement under the terms of the USDA loan with Impact. DCDC manages the loan program under an agreement with Impact. As of December 31, 2012 six loans totaling over $674,000 were provided to small businesses in rural communities. DCDC has established a charitable fund at the Foundations that will provide funding to improve the North Dakota business climate.

Activity 3

Community SupportThe Foundation provides grants to support community events, statewide nonprofit organizations and other societal improvement initiatives. Grants were provided for these purposes from established named funds and from other grants and donor contributions received by the Foundations. Impact provided support to the local area Fill-the-Dome program to restock local food shelters. The Foundation has established a Clubs Fore Kids Initiative to promote community youth golf programs by providing clubs, practice and play opportunities to those unable to afford the cost of participation. The Foundations have given back to North Dakota communities impacted by natural disasters. During 2009 and 2010, the Foundations worked closely with Red River Valley community leaders to create charitable funds at Impact to receive grants and donor contributions to provide financial support for communities affected by the 2009 and 2010 flooding of the Red River. Impact coordinated with community committees to distribute funds to nonprofit organizations that benefited flood victims. The funds remain in place to collect contributions and to distribute funds for future flooding events. The Foundation stands ready to provide financial support in the event of future natural disasters by helping to coordinate fundraising efforts in North Dakota.Fiscal Sponsorships: The Impact Foundation provides fiscal sponsorship arrangements to community organizations desiring to obtain financial or other support for their charitable projects through grants, or to receive tax-deductible donations from individuals and other donors through the Foundation. Sponsorship arrangements may range from a project or organization being included completely under Impact's 501(c)(3) umbrella to assistance to an organization establishing their own separate 501(c)(3) organization. Impact offers "back office" services to other charitable organizations.Venture Youth Alliance (VYA): The Foundation, in partnership with Dakota Medical Foundation, initiated this program to unite community funding organizations and private donors to research and discuss various societal problems and issues in the region with the goal of a common focus and more coordinated, effective strategies to achieve a greater impact in the community. Impact Foundation serves as the fiscal host for the VYA initiative, previously known as the High Impact Philanthropy Initiative. The initiative was launched in the spring of 2009 with support from the Otto Bremer, Bush Foundation, Dakota Medical Foundation and other contributions. The initial goal of VYA was to inspire funders to adopt a new approach to more strategically and collaboratively solve societal issues in the region. The steering committee's initial focus was to build the assets of youth living in Cass and Clay counties.The goals of the VYA Initiative are: 1) Engaging youth, youth development organizations and others to carry out the YouThrive strategic plan to make the FM area a place where over 46,000 young people can maximize their potential; 2) hold an annual State of the Youth Conference; 3) monitor and maintain FM Youth Compass (youth programs/services mapping system); 4) management of VYA through the 9 member Community Board, 16 member Funder Advisory Board and VYA Director.In 2011 and 2012, continuing financial support was provided by the Otto Bremer Foundation, Bush Foundation, Youthprise Foundation, Dakota Medical Foundation and other corporate and individual contributors.Red River Children's Advocacy Center (RRCAC), an unrelated public charity: During 2012, the Foundation provided "back office" support to the RRCAC through processing their weekly accounts payables, biweekly payroll management, general ledger and periodic financial statements, and coordinating the preparation of their annual Form 990.

Filer

EIN

20-0520386