Civic Intelligence

Impact Foundation

990 • Fiscal year 2020 • EIN 20-0520386

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

94th percentile

0.17x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.28x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Net Margin

58th percentile

18%

Higher net margin than 58% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$136,620

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • NTEE T • $1M-$5M nonprofits • Source year 2020

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

25%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,228,120

Up $545,030 (+15%) from 2019

Net Assets

Up

$3,519,098

Up $534,303 (+18%) from 2019

Liabilities

Up

$709,022

Up $10,727 (+1.5%) from 2019

Revenue

Up

$2,549,469

Up $517,482 (+25%) from 2019

Expenses

Up

$2,097,804

Up $523,045 (+33%) from 2019

Net Income

Down

$451,665

Down $5,563 (-1.2%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$4,228,120
Liabilities$709,022
Net Assets$3,519,098

Operations Trend

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

2020

Revenue$2,549,469
Expenses$2,097,804
Net Income$451,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$2,611,032
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$2,352,826$2,511,077▲ $158,251
Investments in Publicly Traded Securities$468,362$599,836▲ $131,474
Investments Program Related$593,906$587,002▼ $6,904
Pledges and Grants Receivable$23,510$320,580▲ $297,070
Land, Buildings, and Equipment, Net$213,549$183,749▼ $29,800
Investments Other Securities$10,055$10,055→ $0
Accounts Receivable$13,124$3,750▼ $9,374
Prepaid Expenses and Deferred Charges$4,530$1,318▼ $3,212
Total Assets$3,683,090$4,228,120▲ $545,030
Other Assets Total$3,228$10,753▲ $7,525
Liabilities
Mortgage Notes Payable Secured by Investment Property$340,417$311,983▼ $28,434
Accounts Payable and Accrued Expenses$230,220$194,569▼ $35,651
Deferred Revenue$127,658$137,133▲ $9,475
Unsecured Notes Loans Payable-$65,337-
Total Liabilities$698,295$709,022▲ $10,727
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,155,127$2,399,504▲ $244,377
Net Assets With Donor Restrictions$829,668$1,119,594▲ $289,926
Total Net Assets Fund Balance$2,984,795$3,519,098▲ $534,303
Total Liabilities and Net Assets / Fund Balance$3,683,090$4,228,120▲ $545,030

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$183,749$774,566$958,315
Investment Program Related Org$576,274--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$45,648$8,600▲ $444-$54,412
2019$37,280$7,615▲ $873-$45,648
2018$26,204$10,125▲ $951-$37,280
2017$15,588$10,169▲ $447-$26,204
2016$10,239$5,089▲ $260-$15,588
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott Holdman ChiefTransformation OfficerFT$135,540$1,080$136,620
J Patrick TraynorExecutive DirectorPT$111,046-$111,046

Board Members and Trustees

NameTitle
Dan CareyChair
Susan Mathison MDVice Chair
Phil HansenSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Object Partners Incwebsite support1515 Central Ave NE Ste 100, Minneapolis, MN 55413$144,983
Revenue and Support

Revenue Composition

Contributions and Grants
$2,193,163
Program Service Revenue
$331,787
Investment Income
$24,199
Other Revenue
$320
All Other Contributions
$2,075,108
Change in Net Assets
$451,665

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$67,069Opinion of expert
Total Noncash Contributions1$67,069-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,549,469
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$218,771
Total Revenue per Audited Statements
$2,768,240
Total Revenue per Form 990
$2,549,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$863,172
Other Expenses$710,007
Salaries, Compensation, and Employee Benefits$524,625
Total Fundraising Expense$8,737
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$863,172--$863,172
Other Salaries and Wages$338,529--$338,529
Fees for Services Other$278,349$280-$278,629
Information Technology$114,525$281-$114,806
Current Officers, Directors, Trustees, and Key Employees$81,082$21,792$8,172$111,046
Depreciation Depletion$75,470$18,613-$94,083
Advertising$77,575$865-$78,440
Fees for Services Management$36,854$23,940-$60,794
Other Employee Benefits$25,868--$25,868
Pension Plan Contributions$25,224--$25,224
Payroll Taxes$21,886$1,507$565$23,958
Occupancy$20,350--$20,350
Fees for Services Accounting-$15,900-$15,900
Insurance$300$10,545-$10,845
Office Expenses$7,428$3,321-$10,749
Fees for Services Legal$2,992--$2,992
Conferences and Meetings$2,039$908-$2,947
Travel$1,758$721-$2,479
All Other Expenses-$528-$528
Other Expenses$6,898$45-$45
Interest$-21,046--$-21,046
Total Functional Expenses$1,989,821$99,246$8,737$2,097,804

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,208,790
Expenses per Audited Statements$2,097,804
Total Expenses per Form 990$2,097,804
Expenses Not Reported on Form 990$110,986
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NDSU Foundation and Alumni AssnFargo, ND501(c)(3)General Support$100,000
Casselton Parks and RecreationCasselton, ND501(c)(3)General Support$39,512
YWCA Cass ClayFargo, ND501(c)(3)General Support$26,650
Furniture Mission of the Red River ValleyFargo, ND501(c)(3)General Support$22,165
New Life CenterFargo, ND501(c)(3)General Support$22,000
Churches United for the HomelessMoorhead, MN501(c)(3)General Support$20,000
Emerging PrairieFargo, ND501(c)(3)General Support$20,000
F5 ProjectFargo, ND501(c)(3)General Support$18,000
Emergency Food PantryFargo, ND501(c)(3)General Support$17,000
Amistad WorldwideMoorhead, MN501(c)(3)General Support$15,250
FirstLinkFargo, ND501(c)(3)General Support$15,000
Lutheran Social Services of NDFargo, ND501(c)(3)General Support$15,000
Village Family Service CenterFargo, ND501(c)(3)General Support$15,000
Wellspring for the WorldFargo, ND501(c)(3)General Support$15,000
YouthworksFargo, ND501(c)(3)General Support$15,000
Gladys Ray Shelter & Veterans Drop-offFargo, ND501(c)(3)General Support$13,000
Salvation Army - Fargo MoorheadFargo, ND501(c)(3)General Support$13,000
Dakota Boys and Girls Ranch-MinotMinot, ND501(c)(3)General Support$10,000
Great Plains Food BankFargo, ND501(c)(3)General Support$10,000
Handi-Wheels TransportationFargo, ND501(c)(3)General Support$10,000
Heaven's Helpers Soup CafeBismarck, ND501(c)(3)General Support$10,000
Legacy Children's FoundationFargo, ND501(c)(3)General Support$10,000
Make a Wish Foundation of NDFargo, ND501(c)(3)General Support$10,000
Milwaukee Symphony OrchestraMilwaukee, WI501(c)(3)General Support$10,000
ReachHawley, MN501(c)(3)General Support$10,000
Jamestown Regional Medical CenterJamestown, ND501(c)(3)General Support$9,500
Rape and Abuse Crisis CenterFargo, ND501(c)(3)General Support$9,000
Salvation Army - Bismarck-MandanBismarck, ND501(c)(3)General Support$9,000
Towner County Medical CenterCando, ND501(c)(3)General Support$8,850
CcriMoorhead, MN501(c)(3)General Support$8,000
Dakota Boys and Girls Ranch - FgoFargo, ND501(c)(3)General Support$8,000
Dakota Center for Independent LivingBismarck, ND501(c)(3)General Support$8,000
Fraser LtdFargo, ND501(c)(3)General Support$8,000
Hospice of the Red River ValleyFargo, ND501(c)(3)General Support$8,000
Missouri Slope Area United WayBismarck, ND501(c)(3)General Support$8,000
Redemption Road MinistriesFargo, ND501(c)(3)General Support$8,000
Saint Ann's Indian MissionBelcourt, ND501(c)(3)General Support$8,000
Red River Children's Advocacy CenterFargo, ND501(c)(3)General Support$7,500
Walhalla Lutheran ChurchWalhalla, ND501(c)(3)General Support$7,500
Community Violence Intervention CenterGrand Forks, ND501(c)(3)General Support$7,000
The Welcome TableMinot, ND501(c)(3)General Support$7,000
Welcome House IncBismarck, ND501(c)(3)General Support$7,000
Catholic Charities North DakotaFargo, ND501(c)(3)General Support$6,000
Home on the RangeSentinel Butte, ND501(c)(3)General Support$5,500
Salvation Army - MinotMinot, ND501(c)(3)General 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 35% controlled entity
No
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 2

Susan Mathison, MD has a business relationship with J. Patrick Traynor.

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 11B

A copy of the 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 of interest policy and declare any conflicts annually. In addition the Administrative Manager 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 may also include comparison 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
2021-11-12
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
7
Volunteers
121

Preparer

Firm
Eide Bailly LLP
Address
1730 Burnt Boat Loop Ste 100, Bismarck, ND 58503-0886
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

Community Improvement Fund (Donor Advised Fund) supports programs and initiatives within the scope of the broad charitable purposes of Impact that improve health and quality of life for people primarily in the Midwest states of ND, MN, WI, IL, MO, and KS. She Overcomes (Fiscal Sponsor Project) supports new female entrepreneurs in our community. Solberg Family Fund (Donor Advised Fund) provides support for programs and initiatives within the scope of the charitable purposes of Impact that improve the health and quality of life for people primarily in ND and northwest MN. The Next Step ND (Fiscal Sponsor Project) supports survivors of human trafficking. Wieland Family Fund (Donor Advised Fund) support programs that improve health and quality of life for people primarily in ND and MN.

Form 990, Part III, line 3

The Furniture Mission of the Red River Valley Fund (Donor Advised Fund) ended in September 2020 as the Fund received an IRS determination letter approving their request for tax exempt status under Internal Revenue Code Section 501(c)(3). The Task Force on Veterans Affairs (Fiscal Sponsor Project) ended in January 2020. The Higher Education Task Force (Fiscal Sponsor Project) ended in September 2020.

Form 990, Part IX, line 11G

Professional Fees: Program service expenses 62,450. Management and general expenses 280. Fundraising expenses 0. Total expenses 62,730. Consultants: Program service expenses 191,555. Management and general expenses 0. Fundraising expenses 0. Total expenses 191,555. Administrative Fees: Program service expenses 24,344. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,344.

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 consolidated financial statements and selection of an independent accountant.

Financial Statement Notes

Part V, Line 4:

The Funds are established by the Foundation as endowments 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 is organized as a North Dakota nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as an organization described in IRC Section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. The entity is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the entity is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. If required, the entity files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income.

Part XI, Line 2D - Other Adjustments:

Revenue from consolidated subsidiary 37,971.

Part XII, Line 2D - Other Adjustments:

Expenses from consolidated subsidiary 12,824.

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IRS990/Desc0Organizational EffectivenessImpact and its supporting organization, Achievements Unlimited Foundation (collectively the "Foundations"), recognize that many nonprofit organizations often lack the expertise and financial resources to invest in organizational assessments, strategic planning and highly effective fundraising training to ensure their organization's effectiveness and long-term sustainability. The Foundations partnered with Dakota Medical Foundation, an unrelated nonprofit organization, through the Impact Institute (Institute) to provide support, education, training, and coaching sessions for nonprofit partner organizations. Since inception in 2005, the institute has trained nonprofit executives and directors from over 500 nonprofit organizations in Institute leadership and fundraising concepts.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. Having encouraged many area nonprofit organizations to attend the Institute's education and training programs, in 2020, the Institute helped readily-equip 500 charitable organizations to solve complex community challenges. With a particular emphasis in fundraising, many charities continued their professional development in a fundraising curriculum and coaching program called High Impact Fundraising. This program was developed to build a mastery of fundraising and leadership. As a result of participating in fundraising training, a study of 21 nonprofit organizations showed community support on Giving Hearts Day increased over a twelve-year period form $353,000 in donations in 2008 to $2.5 million in donations in 2020.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 $28.9 million in grant funding.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Dan Carey
IRS990/Form990PartVIISectionAGrp/PersonNm1Susan Mathison MD
IRS990/Form990PartVIISectionAGrp/PersonNm2Phil Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm3J Patrick Traynor
IRS990/Form990PartVIISectionAGrp/PersonNm4Scott Holdman Chief
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IRS990/MissionDesc0With 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.
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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 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, equaling a total loan pool of $937,500, available to qualifying North Dakota businesses at low interest rates. Dakota Business Lending (DBL), formerly Dakota Certified Development Corporation, provided a grant to Impact to meet the equity requirement under the terms of the USDA loan. DBL manages the day-to-day operations of the IRP under an agreement with Impact.Since inception, Impact has provided ten (10) loans to small businesses in rural communities, equaling more than $1,166,942. As of December 31, 2020, Impact had one (1) loan outstanding with a total IRP Loans Receivable balance of $10,728 (net of allowance for doubtful accounts of $3,915), included in Part X, Line 13, Investments - Program Related and Schedule D Part VIII.
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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, other grants, and donor contributions received by the Foundations. Impact provided funding to restock the food shelter at Great Plains Food Bank through the support of the Fargo-based Fill-the-Dome program. The Foundations have given back to North Dakota communities impacted by natural disasters and are ready to help coordinate and provide financial support of fundraising efforts when needed. In an effort to reduce the financial burden to charities purchasing PPE, our team distributed more than 27,000 masks and more than 250 bottles of hand sanitizer to charities and organizations across the region, regardless of any prior relationship with Impact. Of the 27,000-plus masks, 13,000 were distributed to the North Dakota Bureau of Indian Affairs to provide to tribal areas where they were most needed within the state. The COVID-19 Response Fund created alongside Dakota Medical Foundation and the Alex Stern Family Foundation rapidly issued grants to more than 70 critical service charities across North Dakota and northwestern Minnesota worth nearly $500,000. Charities were identified through our existing charity network of nearly 500 charities, as well as through regional partners that helped us identify charities outside of our network. Impact also established and maintains a Clubs for Kids Initiative, which promotes community youth golf programs by providing equipment and playing opportunities to those unable to afford the cost of participation.When aligned with its mission, Impact provides Fiscal Sponsor Projects (FSP) to community groups and individuals desiring to obtain financial or other support for their charitable projects through grants, or in order to receive tax-deductible donations from individuals and other contributors through the sponsor. FSP arrangements may range from a project or an organization included completely under Impact's 501(c)(3) umbrella to assistance to an organization establishing their own separate 501(c)(3) organization.Women's Impact (FSP) creates opportunities for women to connect while empowering each other to make a positive impact in their lives, families and communities. Their Facebook page (www.facebook.com/womensimpact) is an inspiring and supportive online community for women to connect and make an impact in each other's lives.Financial Literacy Initiative (FSP), established in 2017, provides financial literacy training to those who may not otherwise have access to such information. Promoting financial literacy through education regarding budgeting, home buying, insurance, investing, retirement planning and estate planning.Badges of Unity (FSP) works to unite all community members, build trusting relationships with at-risk youth, and partner with others to ensure a bright future for all. By working to strengthen current programs and connecting youth to after-school activities in their neighborhood, new non-traditional, after-school activities have been developed. These activities include a 6-week academy for youth to job shadow police officers and hosting "Fargo United" events in local parks with food, music and positive interactions with law enforcement. Par 4 Youth Golf (FSP) supports the PGA Junior League Golf by providing playing opportunities, equipment, and financial assistance to benefit those in need. Innovative ND Education (FSP) transforms the education of ND children K-12 by promoting creative, innovative, learner-centered schooling. Red River Market (FSP) organizes a weekly farmers' market in downtown Fargo to engage the community and provide entertainment, education, and healthy eating options. This project will be seeking its own 501(c)(3) status in the future. Sinner Bresnahan Healthy Kids Initiative (FSP) is a "grass-roots" program formed for the purp
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0GiveBack InitiativeIn 2006, Impact launched its GiveBack Initiative 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, Bush Foundation and various individual and corporate contributions, have provided the funding for this Initiative. Initiative strategies have focused on education and training for nonprofit organizations to becoming highly proficient fundraisers and to be more operationally efficient and effective. The initiative has developed new ways of thinking and 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, banks, and trusted 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.Regional Philanthropy Study: Impact commissioned the Regional High Impact Philanthropy Study in 2016 to gain a clearer view of why people in the region give money and time, how much they give, what motivates them, and several other issues related to philanthropy, estate planning and charitable contributions in the Fargo-Moorhead area. Dakota Medical Foundation and Alex Stern Family Foundation funded the effort. A team of North Dakota State University and University of North Dakota researchers developed and conducted the study. The philanthropy study complements "Endless Possibilities on the Prairie: Unleashing North Dakota's Great Potential," which provided an overview of wealth transfer and projected wealth transfer in North Dakota from 2007 to 2061. The philanthropy study data will help area charities strategically position themselves to be part of this projected wealth transfer and give donors more information about how they can deepen the impacts of their gifts. Impact has incorporated information and insights gained through the study into training materials and will continue to utilize this information in future training sessions with regional charities.Giving Hearts Day Website: The website (www.givingheartsday.org) is designed to provide a one-stop information resource for donors to conveniently locate, review, volunteer and make contributions to almost 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 online using their credit card. Nonprofit organizations are able to utilize the website to receive contributions and promote their organization. Significant efforts and commitments have been made by Impact to enhan
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0IRP Loans Receivable
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1IRP Revolving Fund
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F

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Filings

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