Civic Intelligence

Impact Foundation

990 • Fiscal year 2015 • EIN 20-0520386

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization Profilewww.impactgiveback.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

98th percentile

0.53x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • NTEE T • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

0.84x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • NTEE T • $1M-$5M nonprofits • Source year 2015

Net Margin

59th percentile

18%

Higher net margin than 59% of similar nonprofits.

2015 filings • NTEE T • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$65,408

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2015 filings • NTEE T • $1M-$5M nonprofits • Source year 2015

Asset Growth

87th percentile

25%

Faster asset growth than 87% of similar nonprofits.

2015 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

49%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$3,164,485

Up $640,252 (+25%) from 2014

Net Assets

Up

$1,501,084

Up $367,093 (+32%) from 2014

Liabilities

Up

$1,663,401

Up $273,159 (+20%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin59th percentile

Revenue

Up

$1,985,340

Up $651,249 (+49%) from 2014

Expenses

Up

$1,618,247

Up $479,500 (+42%) from 2014

Net Income

Up

$367,093

Up $171,749 (+88%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2015

Assets$3,164,485
Liabilities$1,663,401
Net Assets$1,501,084
Open 2015 Filing

Operations Trend

Revenue Growth78th 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

2015

Revenue$1,985,340
Expenses$1,618,247
Net Income$367,093
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$1,985,340
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$1,488,420$1,945,194▲ $456,774
Investments Program Related$485,561$531,388▲ $45,827
Land, Buildings, and Equipment, Net$254,602$442,011▲ $187,409
Pledges and Grants Receivable$230,112$201,885▼ $28,227
Accounts Receivable$22,019$3,045▼ $18,974
Prepaid Expenses and Deferred Charges$5,607$1,083▼ $4,524
Total Assets$2,524,233$3,164,485▲ $640,252
Other Assets Total$37,912$39,879▲ $1,967
Liabilities
Deferred Revenue$657,122$902,085▲ $244,963
Mortgage Notes Payable Secured by Investment Property$478,419$451,365▼ $27,054
Accounts Payable and Accrued Expenses$254,701$309,951▲ $55,250
Total Liabilities$1,390,242$1,663,401▲ $273,159
Net Assets / Fund Balance
Unrestricted Net Assets$367,398$724,311▲ $356,913
Temporarily Rstr Net Assets$623,593$628,773▲ $5,180
Permanently Rstr Net Assets$143,000$148,000▲ $5,000
Total Net Assets Fund Balance$1,133,991$1,501,084▲ $367,093
Total Liabilities and Net Assets / Fund Balance$2,524,233$3,164,485▲ $640,252

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$304,011$207,406$511,417
Land$138,000-$138,000
Investment Program Related Org$531,388--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$5,000$5,000▲ $239-$10,239
2014$1,000$4,000--$5,000
2013-$1,000--$1,000
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
J Patrick TraynorExecutive DirectorPT$65,408$65,408

Board Members and Trustees

NameTitle
Dan CareyChair
Susan Mathison MDVice Chair
Phil HansenSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
TodaymadeWebsite design and development318 East Broadway Ave, Bismarck, ND 58501$193,172
Revenue and Support

Revenue Composition

Contributions and Grants
$1,649,099
Program Service Revenue
$311,145
Investment Income
$25,096
Other Revenue
$0
All Other Contributions
$1,339,257
Change in Net Assets
$367,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,975,160
Revenue Not Reported on Financial Statements
$10,180
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$10,180
Total Revenue per Audited Statements
$1,975,160
Total Revenue per Form 990
$1,985,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$802,067
Salaries, Compensation, and Employee Benefits$489,802
Grants and Similar Amounts Paid$326,378
Total Fundraising Expense$7,073
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$484,810$1,153-$485,963
Other Salaries and Wages$335,346--$335,346
Grants to Domestic Orgs$326,378--$326,378
Advertising$71,390--$71,390
Current Officers, Directors, Trustees, and Key Employees$32,838$26,270$6,568$65,676
Conferences and Meetings$61,821$1,376-$63,197
Fees for Services Management$39,820$3,750-$43,570
Other Employee Benefits$38,452--$38,452
Office Expenses$31,703$3,441-$35,144
Payroll Taxes$26,870$2,022$505$29,397
Occupancy$27,318--$27,318
Pension Plan Contributions$20,931--$20,931
Travel$18,167$204-$18,371
Information Technology$17,585--$17,585
All Other Expenses$15,222$1,121-$16,343
Insurance$2,815$5,464-$8,279
Fees for Services Accounting-$7,900-$7,900
Interest$4,557--$4,557
Depreciation Depletion-$2,450-$2,450
Total Functional Expenses$1,556,023$55,151$7,073$1,618,247

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,618,247
Total Expenses per Audited Statements$1,618,247
Total Expenses per Form 990$1,618,247
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.$53,250
ND Department of Veteran's AffairsFargo, NDND Department of VAVeterans support$27,005
Fargo Angels Youth HockeyFargo, ND501(c)(3)General operating and program support.$23,603
The Arts PartnershipFargo, ND501(c)(3)General operating and program support.$20,000
Haley's HopeWest Fargo, ND501(c)(3)General operating and program support.$15,250
Homeward Animal ShelterFargo, ND501(c)(3)General operating and program support.$10,000
St Gianna's Maternity HomeMinto, ND501(c)(3)General operating and program support.$7,500
Amen Food PantryDickinson, ND501(c)(3)General operating and program support.$7,000
YWCA Cass ClayFargo, ND501(c)(3)General operating and program support.$6,970
Dakota Hope ClinicMinot, ND501(c)(3)General operating and program support.$6,500
American Foundation for Suicide PreventionNew York, NY501(c)(3)General operating and program support.$6,000
Unseen MinistriesFargo, ND501(c)(3)General operating and program support.$6,000
Upper Missouri MinistriesEpping, ND501(c)(3)General operating and program support.$6,000
North Star Public School FoundationCando, ND501(c)(3)General operating and program support.$5,500
Towner County Medical CenterCando, ND501(c)(3)General operating and program support.$5,250
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

“The Form 990 is provided to all Board members for their review and comments prior to filing. In addition, the filed Form 990 is presented as an agenda item at the next scheduled Board meeting.”

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

“Board members and staff are annually required to review and declare conflicts. Members of the Foundations' managment follow written procedures for staff conflicts. Board members abstain from voting on any issues that create a conflict of interest, and the process is 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 may also be 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
2016-11-14
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
10
Volunteers
136

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: Program service expenses 59,970. Management and general expenses 1,153. Fundraising expenses 0. Total expenses 61,123. Land Reclamnation - Longspur: Program service expenses 112,888. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,888. Consultants: Program service expenses 208,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 208,825. TEDx fees: Program service expenses 103,127. Management and general expenses 0. Fundraising expenses 0. Total expenses 103,127.”

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 it is compliant with all IRS tax regulations and as of December 31, 2015 and 2014 has not recorded liabilities for income taxes. Impact 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 2012.”

Part XI, Line 4B - Other Adjustments:

“Contributions reported in fund balance on financial statements 10,180.”

Raw XML AppendixShowing 400 of 635 raw XML fields

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, more than 5,000 nonprofit executives and directors from over 450 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 Institute's education and training programs. In 2015, the Institute's education and training programs helped to equip charity organizations to solve complex community challenges through our training and coaching. We were able to train over 100 organizations, particularly in fundraising. Many continued their professional development in the fundraising curriculum and a coaching program titled Funding Logic that was developed at the Institute to build a mastery of fundraising and leadership. A study of 33 nonprofit organizations that participate in fundraising training showed that their public support on Giving Hearts Day increased over a six year period from $832,018 in donations in 2009 to $2.4 million in donations in 2015.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 $18.4 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/ProgramServiceRevenueGrp/Desc0Give Back Membership d
IRS990/ProgramServiceRevenueGrp/Desc1TEDx Ticket Sales
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IRS990/ProgramServiceRevenueGrp/Desc3Management services in
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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 2015, PTAC funding was continued with additional grants from DLA and NDDC. Technical assistance was provided to over 120 North Dakota businesses in 2015. Since inception, Impact's clients have obtained contracts totaling over $239 million of which approximately $121 million were Native American business contract dollars. Over 950 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. 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 nine (9) loans to small businesses in rural communities totaling over $916,942. As of December 31, 2015 seven (7) loans remain outstanding with balances totaling over $559,513 as represented in Part X, Line 13, Investments - Program Related (amount shown, $531,388, is net of allowance for doubtful accounts of $28,125).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0297517
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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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, Impact 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's 501(c)(3) umbrella to assistance to an organization establishing their own separate 501(c)(3) organization. TEDxFargo: 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 120 community volunteer members TEDxFargo connects leaders and influencers that are curious about their world, the communities, and their futures. The event was held on July 23, 2015 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 1800 attendees partake in 21 individual presentations. Funding for the event was provided by contributions ($102,790) and ticket sales. The total cost for the TEDxFargo event was $189,351 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 2015, Longspur incurred $118,690 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: 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 2015. Women's Impact incurred $10,670 of costs which are included in applicable expense categories under program services expense
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0775786
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0326378
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0139169
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. The initiative also created new ways of thinking and new approaches surrounding wealth transfer and volunteerism in North Dakota and Minnesota.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. The initiative's purpose is to provide valuable information to nonprofit organizations so that they can develop their fundraising to individuals, who provide eighty percent of the funding to U.S. nonprofits through private gifts.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.Volunteer Initiative: 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 and to track the volunteers time spent. Impact 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 their favorite North Dakota and Minnesota charitable organizations throughout the year. Sinc
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt026164
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01488420
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01945194
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0304011
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0207406
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0511417
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01618247
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0531388
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0IRP Loans Receivable
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt0138000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0138000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt010180
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.97600
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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 it is compliant with all IRS tax regulations and as of December 31, 2015 and 2014 has not recorded liabilities for income taxes. Impact 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 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Contributions reported in fund balance on financial statements 10,180.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01975160
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01618247
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt053250
IRS990ScheduleI/RecipientTable/CashGrantAmt127005
IRS990ScheduleI/RecipientTable/CashGrantAmt223603
IRS990ScheduleI/RecipientTable/CashGrantAmt320000
IRS990ScheduleI/RecipientTable/CashGrantAmt415250
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt67500
IRS990ScheduleI/RecipientTable/CashGrantAmt77000
IRS990ScheduleI/RecipientTable/CashGrantAmt86970
IRS990ScheduleI/RecipientTable/CashGrantAmt96500
IRS990ScheduleI/RecipientTable/CashGrantAmt106000
IRS990ScheduleI/RecipientTable/CashGrantAmt116000
IRS990ScheduleI/RecipientTable/CashGrantAmt126000
IRS990ScheduleI/RecipientTable/CashGrantAmt135500
IRS990ScheduleI/RecipientTable/CashGrantAmt145250
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1ND Department of VA
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc13501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc14501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Veterans support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10General operating and program support.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11General operating and program support.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,164,485
Liabilities
$1,663,401
Net assets
$1,501,084
Revenue
$1,985,340
Expenses
$1,618,247
Net income
$367,093
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