Civic Intelligence

Impact Foundation

990 • Fiscal year 2014 • EIN 20-0520386

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profilewww.impactfdn.org

View Organization Page

4141 28th Avenue SFargo, ND 58104

(701) 271-0263

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.55x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.04x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

81st percentile

18%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

38%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,524,233

Up $392,815 (+18%) from 2013

Net Assets

Up

$1,133,991

Up $195,344 (+21%) from 2013

Liabilities

Up

$1,390,242

Up $197,471 (+17%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin74th percentile

Revenue

Up

$1,334,091

Up $369,770 (+38%) from 2013

Expenses

Up

$1,138,747

Up $260,337 (+30%) from 2013

Net Income

Up

$195,344

Up $109,433 (+127%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $1,790,624Liabilities 2010: $896,788Net Assets 2010: $893,8362010Assets 2011: $1,815,316Liabilities 2011: $911,236Net Assets 2011: $904,0802011Assets 2012: $1,951,192Liabilities 2012: $1,098,456Net Assets 2012: $852,7362012Assets 2013: $2,131,418Liabilities 2013: $1,192,771Net Assets 2013: $938,6472013Assets 2014: $2,524,233Liabilities 2014: $1,390,242Net Assets 2014: $1,133,9912014Assets 2015: $3,164,485Liabilities 2015: $1,663,401Net Assets 2015: $1,501,0842015Assets 2016: $3,775,937Liabilities 2016: $1,646,896Net Assets 2016: $2,129,0412016Assets 2017: $3,849,779Liabilities 2017: $1,347,902Net Assets 2017: $2,501,8772017Assets 2018: $3,714,055Liabilities 2018: $1,117,867Net Assets 2018: $2,596,1882018Assets 2019: $3,683,090Liabilities 2019: $698,295Net Assets 2019: $2,984,7952019Assets 2020: $4,228,120Liabilities 2020: $709,022Net Assets 2020: $3,519,0982020Assets 2021: $5,033,144Liabilities 2021: $590,474Net Assets 2021: $4,442,6702021Assets 2022: $6,186,034Liabilities 2022: $568,794Net Assets 2022: $5,617,2402022Assets 2023: $7,427,308Liabilities 2023: $507,939Net Assets 2023: $6,919,3692023Assets 2024: $9,305,594Liabilities 2024: $523,950Net Assets 2024: $8,781,6442024

Highlighted filing

2014

Assets$2,524,233
Liabilities$1,390,242
Net Assets$1,133,991
Open 2014 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $1,680,9332010Expenses 2011: $1,092,8682011Expenses 2012: $860,1692012Revenue 2013: $964,321Expenses 2013: $878,410Net Income 2013: $85,9112013Revenue 2014: $1,334,091Expenses 2014: $1,138,747Net Income 2014: $195,3442014Revenue 2015: $1,985,340Expenses 2015: $1,618,247Net Income 2015: $367,0932015Revenue 2016: $1,984,827Expenses 2016: $1,361,723Net Income 2016: $623,1042016Revenue 2017: $2,161,427Expenses 2017: $1,860,654Net Income 2017: $300,7732017Revenue 2018: $2,031,294Expenses 2018: $1,911,833Net Income 2018: $119,4612018Revenue 2019: $2,031,987Expenses 2019: $1,574,759Net Income 2019: $457,2282019Revenue 2020: $2,549,469Expenses 2020: $2,097,804Net Income 2020: $451,6652020Revenue 2021: $2,597,194Expenses 2021: $1,719,353Net Income 2021: $877,8412021Revenue 2022: $3,041,976Expenses 2022: $1,748,067Net Income 2022: $1,293,9092022Revenue 2023: $3,900,044Expenses 2023: $2,544,896Net Income 2023: $1,355,1482023Revenue 2024: $4,589,669Expenses 2024: $2,737,521Net Income 2024: $1,852,1482024

Highlighted filing

2014

Revenue$1,334,091
Expenses$1,138,747
Net Income$195,344
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,334,091
Mission and Program Overview

Mission

With a mission to build the capacity of nonprofits, businesses, and individuals to maximize their community impact, Impact Foundation's overall goal is to dramatically improve its nonprofit partners' capacity to produce superior results. Impact Foundation operates exclusively for charitable, scientific, and educational purposes. To meet its primary goal, Impact Foundation (Impact) receives and administers donations, makes contributions to, and provides assistance to other nonprofit organizations. Impact operates charitable initiatives designed to measurably improve society in areas including: economic development; health and healthcare access; education and training; and other philanthropic areas identified by donors.

Build capacity of nonprofits, businesses & individuals to maximize their community impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$919,584$1,269,021▲ $349,437
Investments Program Related$455,643$485,561▲ $29,918
Land, Buildings, and Equipment, Net$140,919$254,602▲ $113,683
Pledges and Grants Receivable$137,813$230,112▲ $92,299
Investments in Publicly Traded Securities$210,404$219,399▲ $8,995
Accounts Receivable$12,556$22,019▲ $9,463
Prepaid Expenses and Deferred Charges$2,539$5,607▲ $3,068
Total Assets$2,131,418$2,524,233▲ $392,815
Other Assets Total$251,960$37,912▼ $214,048
Liabilities
Deferred Revenue$554,923$657,122▲ $102,199
Mortgage Notes Payable Secured by Investment Property$505,286$478,419▼ $26,867
Accounts Payable and Accrued Expenses$132,562$254,701▲ $122,139
Total Liabilities$1,192,771$1,390,242▲ $197,471
Net Assets / Fund Balance
Temporarily Rstr Net Assets$563,282$623,593▲ $60,311
Unrestricted Net Assets$236,365$367,398▲ $131,033
Permanently Rstr Net Assets$139,000$143,000▲ $4,000
Total Net Assets Fund Balance$938,647$1,133,991▲ $195,344
Total Liabilities and Net Assets / Fund Balance$2,131,418$2,524,233▲ $392,815

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$116,602$206,719$323,321
Land$138,000-$138,000
Investment Program Related Org$485,561--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,000$4,000--$5,000
2013-$1,000--$1,000
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
J Patrick TraynorExecutive DirectorPT$57,633$57,633

Board Members and Trustees

NameTitle
Dan CareyChair
Susan Mathison MDVice Chair
Phil HansenSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,084,687
Program Service Revenue
$223,970
Investment Income
$25,434
Other Revenue
$0
All Other Contributions
$903,545
Change in Net Assets
$195,344

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,269,780
Revenue Not Reported on Financial Statements
$64,311
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$64,311
Total Revenue per Audited Statements
$1,269,780
Total Revenue per Form 990
$1,334,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$508,426
Salaries, Compensation, and Employee Benefits$439,049
Grants and Similar Amounts Paid$191,272
Total Fundraising Expense$6,212
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$295,418$185-$295,603
Grants to Domestic Orgs$191,272--$191,272
Fees for Services Other$164,361$80-$164,441
Advertising$70,594--$70,594
Conferences and Meetings$66,734$1,241-$67,975
Current Officers, Directors, Trustees, and Key Employees$28,832$23,065$5,766$57,663
Information Technology$52,089--$52,089
Office Expenses$36,212$4,305-$40,517
Fees for Services Management$31,312$3,500-$34,812
Other Employee Benefits$31,888--$31,888
Occupancy$30,512--$30,512
Pension Plan Contributions$27,577$-512-$27,065
Payroll Taxes$24,599$1,785$446$26,830
Travel$22,523$34-$22,557
Fees for Services Accounting-$7,700-$7,700
Interest$4,825--$4,825
Depreciation Depletion$1,005$3,417-$4,422
Insurance$943$3,186-$4,129
Fees for Services Legal-$2,920-$2,920
All Other Expenses-$933-$933
Total Functional Expenses$1,080,696$51,839$6,212$1,138,747

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,138,747
Total Expenses per Audited Statements$1,138,747
Total Expenses per Form 990$1,138,747
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Great Plains Food BankFargo, ND501(c)(3)General operating and program support$62,974
ND Department of Veteran's AffairsFargo, NDGovernmentCity program support$23,466
Up with DownsWest Fargo, ND501(c)(3)General operating and program support$9,552
YWCA Cass ClayFargo, ND501(c)(3)General operating and program support$6,484
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There are no committees with the authority to act on behalf of the Board.”

Form 990, Part VI, Section B, line 11

“A copy of the final Form 990 is provided to each voting Board Member for their review prior to filing. The filed Form 990 will be an agenda item at the next scheduled board meeting for management to review with Board Members. Actions taken will be so noted in the minutes of the Board.”

Form 990, Part VI, Section B, line 12C

“Board members and staff are required to review the conflict policy and declare any conflicts annually. In addition the Administrative Assistant notifies the Executive Director of any other conflicts that may arise during the year. If there are any conflicts, the Board is made aware of them and the Board member with a conflict is asked to abstain from voting. The process would be duly noted in the minutes.”

Form 990, Part VI, Section B, line 15A

“The Executive Director's performance is reviewed annually by the Board members, excluding the Executive Director. Compensation is compared using the Council on Foundations annual salary survey and compared to other foundations of similar size and scope using their Form 990. Compensation changes are approved by vote of the Board with the Executive Director abstaining from voting.”

Form 990, Part VI, Section C, line 19

“Impact's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Impact Foundation
EIN
20-0520386
Phone
7012710263
Address
4141 28th Avenue S, Fargo, ND 58104

Signing Officer

Name
J Patrick Traynor
Title
Executive Director
Phone
7012710263
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Patrick Traynor
Formed
2003
Legal Domicile
Nd
Voting Board Members
3
Independent Board Members
3
Employees
11
Volunteers
120

Preparer

Firm
Eide Bailly Llp
Address
4310 17TH AVE S PO BOX 2545, FARGO, ND 58108-2545
Preparer
Lisa Chaffee CPA
Phone
7012398500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional fees/Consultants: Program service expenses 164,361. Management and general expenses 80. Fundraising expenses 0. Total expenses 164,441.”

Form 990, Part XII, Line 2C:

“Impact does not have a specifically appointed audit committee; however, the Board of Directors does assume responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

Part V, Line 4:

“The Fund is established by the Foundation as an endowed fund to promote and support initiatives, programs, and projects designed to make a significant impact in health and healthcare, education, economic development, and other charitable areas primarily benefiting residents of the state of North Dakota.”

Part X, Line 2:

“Impact Foundation has been recognized by the Internal Revenue Service as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Impact Foundation undergoes an annual analysis of its various tax positions, assessing the likelihood of these positions being upheld upon examination with relevant tax authorities, as defined by the generally accepted accounting principles. Impact Foundation believes that they are compliant with all IRS tax regulations and as of December 31, 2014 and 2013 has not recorded liabilities for income taxes. The Foundation will recognize future accrued interest and penalties related to unrecognized tax liabilities in income tax expense if incurred. Impact Foundation is no longer subject to federal and state tax examinations by tax authorities for years before 2011.”

Part XI, Line 4B - Other Adjustments:

“Contributions reported in fund balance on financial statements 64,311.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0ORGANIZATIONAL EFFECTIVENESSImpact and its supporting organization, Achievements Unlimited Foundation, (the "Foundations") recognize that many nonprofit organizations often lack expertise and financial resources to invest in organizational assessments, strategic planning and highly effective fundraising training which will ensure their organization's effectiveness and long-term sustainability. The Foundations partnered with Dakota Medical Foundation through the Impact Institute (Institute) to provide support, education, training, and coaching sessions for nonprofit partner organizations. Since inception in 2005, nearly 5,000 nonprofit executives and directors from over 400 nonprofit organizations have learned effective leadership and fundraising concepts through the Institute programs. Nonprofit Board and Management Training: Training boards and key management personnel to operate their organizations in a highly effective and efficient manner is a key education focus for the Foundations. The Foundations have encouraged many area nonprofit organizations to attend the Impact Institute's education and training programs. A review of Form 990s for 24 nonprofit organizations that previously participated in fundraising training showed that their public support increased over a four year period from $32 million in donations in 2007 to $63 million in public support in 2011. In 2014, the Institute expanded the ability of charity organizations to solve complex community challenges through its training and coaching. The Institute trained nearly 100 organizations particularly in fundraising. Many continued their professional development in the fundraising curriculum called Funding Logic through coaching programs conducted by the creators to build a mastery of fundraising and leadership. Grant Writing Services: Since 2005, the Foundations have supported grant writing assistance for health-related nonprofit organizations to generate additional financial resources for their programs. Since the formal addition of grant writing assistance, the Foundations and other regional nonprofit organizations have secured over $17.1 million in grant funding.
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IRS990/MissionDesc0The mission of Impact Foundation (Impact) is to build the capacity of nonprofits, businesses, and individuals to maximize their community impact with an overall goal to dramatically improve its nonprofit partners' capacity to produce superior results. Impact operates exclusively for charitable, scientific, and educational purposes. To meet its primary purpose, Impact receives and administers donations, makes contributions to, and provides assistance to other nonprofit organizations. Impact has the power to establish, own, operate, control, conduct and maintain various organizations and programs to meet its primary purpose. Impact operates charitable initiatives designed to measurably improve society in areas including: economic development; health and healthcare access; education and training; and other philanthropic areas identified by donors.
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IRS990/PrincipalOfficerNm0J Patrick Traynor
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IRS990/ProgramServiceRevenueGrp/Desc0Give Back Membership d
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IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC 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. In 2006, Impact in partnership with Dakota Certified Development Corporation (DCDC) established a procurement assistance center (PAC) 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. In 2012, Impact renamed the PAC as a Procurement Technical Assistance Center (PTAC) and was provided funding by the Defense Logistics Agency (DLA), the North Dakota Department of Commerce (NDDC) and DCDC. In 2014, PTAC funding was continued with additional grants from DLA and NDDC. Technical assistance was provided to over 120 North Dakota businesses in 2014 bringing the total businesses assisted to over 470. Since inception, Impact's clients have obtained contracts totaling over $229 million of which approximately $120 million were Native American business contract dollars. Over 900 North Dakota jobs have been retained and/or created through the efforts of the Impact PTAC. In 2007, Impact entered into a 30-year $750,000 loan commitment with the USDA Office of Rural Development under its Intermediary Relending Loan Program (IRP). Impact committed an equity contribution of $187,500 creating a total loan pool of $937,500 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. DCDC manages the day-to-day operations of the loan program under an agreement with Impact. Since inception, Impact has provided eight (8) loans to small businesses in rural communities totaling over $816,942. As of December 31, 2014 seven (7) loans remain outstanding with balances totaling over $513,686 as represented in Part X, Line 13 program related investment of $485,561 shown net of the allowance for doubtful accounts.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY SUPPORTImpact provides grants to support community events, statewide nonprofit organizations and other societal improvement initiatives. Grants were provided for these purposes from established Impact charitable funds and from other grants and donor contributions received by the Foundations. Impact provided funding to restock the food shelter of the Great Plains Food Bank through support of the local Fill-the-Dome program.The Foundations have given back to North Dakota communities impacted by natural disasters. Impact stands ready to provide financial support in the event of future natural disasters by helping to coordinate fundraising efforts in North Dakota. Impact established and maintains a Clubs Fore Kids Initiative that promotes community youth golf programs by providing clubs, practice and play opportunities to those unable to afford the cost of participation. Fiscal Sponsorships: When aligned with Impact's mission, the 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 contributors through the sponsor. Sponsorship arrangements may range from a project or organization being included completely under Impact Foundation's 501(c)(3) umbrella to assistance to an organization establishing their own separate 501(c)(3) organization. TEDxFargo: is a program of local, self-organized events that bring people together to share entrepreneurial ideas, discussions, and experiences and was planned by a committee of 15 volunteer members and assisted by over 60 community volunteer members TEDxFargo connects leaders and influencers that are curious about their world, the communities, and their futures. The two-day event was held on July 24-25, 2014 in downtown Fargo and was attended by a diverse audience including educators, artists, physicians, attorneys, business owners, engineers, students, and other professionals. TEDxFargo had more than 800 attendees partake in 22 individual presentations. Funding for the event was provided by contributions ($69,574) and ticket sales. The total cost for the TEDxFargo event was $111,998 and is included in applicable expense categories under program services expenses in Section IX, Statement of Functional Expenses.Longspur Prairie Fund (Longspur): Longspur facilitates three types of projects in western Minnesota including: (1) prairie and wetland restoration involving the planting of marginal farmland with native grasses, forbs, and aquascapes in and around the Red River Valley; (2) support scholarship, education, and research in the arts and sciences directly connected to the area's wildlife, ecology, and agriculture; and (3) develop voluntary habitat adoption strategies in partnership with local farms, businesses, churches, and industries that are passionate about preserving the natural legacy of the region. Longspur is under contract with the Natural Resources Conservation Service (NRCS) to implement specific conservation practices. These practice costs are reimbursable on a cost share basis from the NRCS (75%) and the State of Minnesota's Re-invest in Minnesota (RIM) program (25%). During 2014, Longspur incurred $14,928 in land reclamation and other costs which are included in applicable expense categories under program services expense in Section IX, Statement of Functional Expenses.Women's Impact: works to create opportunities for women to connect and empower each other to make a positive impact in their lives, families and communities. The website (www.womensimpact.org) is developed as an inspiring and supportive online community for women to connect and make an impact in each other's lives. Women's Impact celebrated International Women's Day with an annual event held in March 2014. Women's Impact incurred $14,700 of costs which are included in applicable expense categories under program services expens
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0533431
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0191272
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt073962
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GIVEBACK INITIATIVEImpact launched its GiveBack Initiative in 2006 to inspire donors to substantially increase and improve the impact of their giving of time, talent, and treasure in North Dakota and western Minnesota communities. Grants from Dakota Medical Foundation, Alex Stern Family Foundation and various individual and corporate contributions provided the initial funding for this Initiative. Initiative strategies have focused on education and training for nonprofit organizations to become highly proficient fundraisers and to be more operationally efficient and effective. North Dakota Wealth Transfer: The Foundations initially commissioned and funded a North Dakota wealth transfer study in 2005 conducted by the Center on Wealth and Philanthropy at Boston College in Boston, Massachusetts. Impact has distributed the North Dakota Wealth Transfer Study to donors, community leaders, nonprofit organizations, attorneys, accountants, financial advisors, bank, and trust personnel in several North Dakota communities. Another North Dakota Wealth Transfer Report was commissioned by the Foundation in 2011, "Endless Possibilities on the Prairie: Unleashing North Dakota's Great Potential" 2007-2061, and associated data entitled "Communities with Possibilities". The new study concluded that through 2061 North Dakota households will give over $95 billion to charity and pay an estimated $39 billion in estate taxes. The supplement to Endless Possibilities is the first ever county level analysis of North Dakota wealth transfer. In 2012, Impact produced two educational videos about the North Dakota Wealth Transfer and the U.S. Wealth Transfer. Both videos are available for viewing on www.impactgiveback.org. In December 2014, Impact commissioned with the Center on Wealth and Philanthropy at Boston College, Boston Massachusetts, for an update to selected estimates in the 2011 report. GiveBack Website: The website (www.impactgiveback.org) is designed to provide a one-stop information resource for donors to conveniently locate, review, volunteer and make contributions to over 500 nonprofit organizations in the region. Qualified nonprofit organizations in North Dakota and northwestern Minnesota are encouraged to place their organizational information on the website to easily connect with donors of time, talent and treasure. Donors are able to research and identify their favorite nonprofit organizations and to make contributions directly online using their credit card. Nonprofit organizations are able to utilize the website to receive contributions, and process event registrations. Significant efforts and commitments have been made by Impact to enhance the website in order to better connect donors with nonprofit organizations that fit the donor's charitable goals. Since its 2007 implementation, the online giving website has processed over $15.0 million for its partner nonprofits. Impact implemented a Volunteer Initiative in 2007 designed to help nonprofit organizations more effectively recruit, train, manage and retain volunteers. The GiveBack website www.impactgiveback.org includes a Volunteer page that provides the capability for nonprofit organizations to list their volunteer opportunities. The Foundations partnered with FirstLink, an unrelated 501(c)(3) organization, to connect volunteers with opportunities to serve. Giving Hearts Day Initiative (GHD)Initiative: Impact partnered with Dakota Medical Foundation (DMF) to establish the GHD Initiative to build the fundraising capabilities of nonprofit organizations and promote charitable giving in the region. The online giving environment improves efficiency to raise funds for nonprofit programs serving the region. The online giving website at www.impactgiveback.org is used to promote the annual DMF Giving Hearts Day each February and provides donors with an easy-to-use website to make online contributions to over 230 of their favorite North Dakota and Minnesota charitable organizations. Since implem
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0206133
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0IRP Loans Receivable
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Fund is established by the Foundation as an endowed fund to promote and support initiatives, programs, and projects designed to make a significant impact in health and healthcare, education, economic development, and other charitable areas primarily benefiting residents of the state of North Dakota.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Impact Foundation has been recognized by the Internal Revenue Service as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Impact Foundation undergoes an annual analysis of its various tax positions, assessing the likelihood of these positions being upheld upon examination with relevant tax authorities, as defined by the generally accepted accounting principles. Impact Foundation believes that they are compliant with all IRS tax regulations and as of December 31, 2014 and 2013 has not recorded liabilities for income taxes. The Foundation will recognize future accrued interest and penalties related to unrecognized tax liabilities in income tax expense if incurred. Impact Foundation is no longer subject to federal and state tax examinations by tax authorities for years before 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Contributions reported in fund balance on financial statements 64,311.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt023466
IRS990ScheduleI/RecipientTable/CashGrantAmt162974
IRS990ScheduleI/RecipientTable/CashGrantAmt29552
IRS990ScheduleI/RecipientTable/CashGrantAmt36484
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Government
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0City program support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General operating and program support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General operating and program support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General operating and program support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ND Department of Veteran's Affairs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Great Plains Food Bank
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Up with Downs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3YWCA Cass Clay
IRS990ScheduleI/RecipientTable/RecipientEIN0450434375
IRS990ScheduleI/RecipientTable/RecipientEIN1450226421
IRS990ScheduleI/RecipientTable/RecipientEIN2463379327
IRS990ScheduleI/RecipientTable/RecipientEIN3450226435
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04201 38th Street S Suite 104
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11720 3 Avenue N
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2366 Edgewater Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt33100 12 Avenue N
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Fargo
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Fargo
IRS990ScheduleI/RecipientTable/USAddress/CityNm2West Fargo
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Fargo
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd158102
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd258078
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd358102
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation's written grantee application process includes detailed organizational information and tax status, mission, governance, conflicts of interest, project description, and budget. Grant agreements require periodic and final progress reporting and return of unspent grant funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the final Form 990 is provided to each voting Board Member for their review prior to filing. The filed Form 990 will be an agenda item at the next scheduled board meeting for management to review with Board Members. Actions taken will be so noted in the minutes of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members and staff are required to review the conflict policy and declare any conflicts annually. In addition the Administrative Assistant notifies the Executive Director of any other conflicts that may arise during the year. If there are any conflicts, the Board is made aware of them and the Board member with a conflict is asked to abstain from voting. The process would be duly noted in the minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director's performance is reviewed annually by the Board members, excluding the Executive Director. Compensation is compared using the Council on Foundations annual salary survey and compared to other foundations of similar size and scope using their Form 990. Compensation changes are approved by vote of the Board with the Executive Director abstaining from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Impact's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,524,233
Liabilities
$1,390,242
Net assets
$1,133,991
Revenue
$1,334,091
Expenses
$1,138,747
Net income
$195,344
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.31$0.52$8.78$4.59$2.74$1.85
2023Detailed filing. Detailed filing data is available for this year.$7.43$0.51$6.92$3.90$2.54$1.36
2022Detailed filing. Detailed filing data is available for this year.$6.19$0.57$5.62$3.04$1.75$1.29
2021Detailed filing. Detailed filing data is available for this year.$5.03$0.59$4.44$2.60$1.72$0.88
2020Detailed filing. Detailed filing data is available for this year.$4.23$0.71$3.52$2.55$2.10$0.45
2019Detailed filing. Detailed filing data is available for this year.$3.68$0.70$2.98$2.03$1.57$0.46
2018Detailed filing. Detailed filing data is available for this year.$3.71$1.12$2.60$2.03$1.91$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.85$1.35$2.50$2.16$1.86$0.30
2016Detailed filing. Detailed filing data is available for this year.$3.78$1.65$2.13$1.98$1.36$0.62
2015Detailed filing. Detailed filing data is available for this year.$3.16$1.66$1.50$1.99$1.62$0.37
2014Detailed filing. Detailed filing data is available for this year.$2.52$1.39$1.13$1.33$1.14$0.20
2013Detailed filing. Detailed filing data is available for this year.$2.13$1.19$0.94$0.96$0.88$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$1.10$0.85$0.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.91$0.90$1.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.90$0.89$1.68