Civic Intelligence

Impact Network International Inc

990 • Fiscal year 2016 • EIN 27-1247430

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 27, 2017

PO Box 231301New York, NY 10023

(917) 670-5278

Siviq Scores

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

Liabilities / Assets

87th percentile

0.07x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • NTEE Q33 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.03x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • NTEE Q33 • <$500k nonprofits • Source year 2016

Net Margin

33rd percentile

-1.6%

Higher net margin than 33% of similar nonprofits.

2016 filings • NTEE Q33 • <$500k nonprofits • Source year 2016

Top Officer Pay

96th percentile

$40,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2016 filings • NTEE Q33 • <$500k nonprofits • Source year 2016

Asset Growth

35th percentile

-7.2%

Faster asset growth than 35% of similar nonprofits.

2016 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

8.3%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$126,670

Down $9,859 (-7.2%) from 2015

Net Assets

Down

$118,301

Down $5,016 (-4.1%) from 2015

Liabilities

Down

$8,369

Down $4,843 (-37%) from 2015

Revenue

Up

$317,127

Up $24,289 (+8.3%) from 2015

Expenses

Up

$322,143

Up $24,091 (+8.1%) from 2015

Net Income

Up

-$5,016

Up $198 (+3.8%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $133,232Liabilities 2014: $4,701Net Assets 2014: $128,5312014Assets 2015: $136,529Liabilities 2015: $13,212Net Assets 2015: $123,3172015Assets 2016: $126,670Liabilities 2016: $8,369Net Assets 2016: $118,3012016Assets 2017: $193,613Liabilities 2017: $74,636Net Assets 2017: $118,9772017Assets 2018: $438,823Liabilities 2018: $56,194Net Assets 2018: $382,6292018Assets 2019: $439,439Liabilities 2019: $82,960Net Assets 2019: $356,4792019Assets 2020: $367,104Liabilities 2020: $84,983Net Assets 2020: $282,1212020Assets 2021: $433,770Liabilities 2021: $26,896Net Assets 2021: $406,8742021Assets 2022: $477,932Liabilities 2022: $147,642Net Assets 2022: $330,2902022Assets 2023: $528,022Liabilities 2023: $31,116Net Assets 2023: $496,9062023Assets 2024: $678,744Liabilities 2024: $62,177Net Assets 2024: $616,5672024

Highlighted filing

2016

Assets$126,670
Liabilities$8,369
Net Assets$118,301

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $274,090Expenses 2014: $256,160Net Income 2014: $17,9302014Revenue 2015: $292,838Expenses 2015: $298,052Net Income 2015: -$5,2142015Revenue 2016: $317,127Expenses 2016: $322,143Net Income 2016: -$5,0162016Revenue 2017: $873,681Expenses 2017: $873,005Net Income 2017: $6762017Revenue 2018: $984,989Expenses 2018: $721,337Net Income 2018: $263,6522018Revenue 2019: $765,771Expenses 2019: $791,921Net Income 2019: -$26,1502019Revenue 2020: $615,166Expenses 2020: $689,524Net Income 2020: -$74,3582020Revenue 2021: $1,027,648Expenses 2021: $902,895Net Income 2021: $124,7532021Revenue 2022: $989,197Expenses 2022: $1,063,310Net Income 2022: -$74,1132022Revenue 2023: $1,113,384Expenses 2023: $948,262Net Income 2023: $165,1222023Revenue 2024: $1,487,468Expenses 2024: $1,368,323Net Income 2024: $119,1452024

Highlighted filing

2016

Revenue$317,127
Expenses$322,143
Net Income-$5,016
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 27, 2017
Return Version
2016v3.0
Gross Receipts
$386,980
Mission and Program Overview

Mission

Impact network seeks to leverage technology to develop rural villages across education, health and economic development sectors. In 2021, impact network supported zambia impact network limited to achieve its goals in zambia. The main program is to implement a quality education to 6,000 students across 40+ schools, and ensure that the teaching and learning, management of schools, and overall operations are of high-quality.

The Organization's mission is to leverage technology to advance development of rural villages from education, to health, to economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$135,247$106,410▼ $28,837
Prepaid Expenses and Deferred Charges-$18,710-
Total Assets$136,529$126,670▼ $9,859
Other Assets Total$1,282$1,550▲ $268
Liabilities
Accounts Payable and Accrued Expenses$13,212$8,369▼ $4,843
Total Liabilities$13,212$8,369▼ $4,843
Net Assets / Fund Balance
Unrestricted Net Assets$8,201$73,336▲ $65,135
Temporarily Rstr Net Assets$115,116$44,965▼ $70,151
Total Net Assets Fund Balance$123,317$118,301▼ $5,016
Total Liabilities and Net Assets / Fund Balance$136,529$126,670▼ $9,859
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Reshma PatelExecutive DirectorFT$40,000$40,000

Board Members and Trustees

NameTitle
Anup PatelDirector
Dan SuteraDirector
David SeidenfeldDirector
Karan AhoojaDirector
Michael ClarkDirector
SEAN O'SULLIVANDirector
Stephan SpencerDirector
Swan SitDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$353,358
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-36,231
All Other Contributions
$268,157
Change in Net Assets
$-5,016

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table90$33,045Retail Value
Total Noncash Contributions90$33,045-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,337
Grants and Similar Amounts Paid$127,315
Total Fundraising Expense$55,551
Other Expenses$52,491
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$127,315--$127,315
Other Salaries and Wages$44,081$11,000$35,750$90,831
Current Officers, Directors, Trustees, and Key Employees$32,000$6,000$2,000$40,000
Travel$10,948$2,570$5,564$19,082
Payroll Taxes$6,855$1,452$3,199$11,506
Occupancy$5,001$5,001$0$10,002
Fees for Services Other$1,451$0$6,450$7,901
Fees for Services Accounting$0$3,800$0$3,800
Insurance$0$2,728$0$2,728
Office Expenses$88$644$287$1,019
Other Expenses$55$310$527$892
Advertising$0$0$506$506
Total Functional Expenses$228,559$38,033$55,551$322,143
International Activity

International Summary

Offices
0
Employees
0
Spending
$127,315

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrants to RecipientsN/a00$127,315
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$69,853
Fundraising Gross Income$31,172
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Impact Fundraiser$116,373$31,172$33,045$-1,873
Total Events$116,373$31,172$69,853$-38,681
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Impact Network International Inc
EIN
27-1247430
Phone
9176705278
Address
PO Box 231301, New York, NY 10023

Signing Officer

Name
Reshma Patel
Title
Executive Director
Phone
9176705278
Signed
2017-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reshma Patel
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
10

Preparer

Firm
John Vazzana CPA PLLC
Address
155 Bay Ridge Avenue, Brooklyn, NY 11220
Preparer
John Vazzana
Phone
7184911241
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A qualified and authorized person shall complete the annual Form 990 informational return. The return shall be reviewed by the Executive Director and then presented to all board members either via e-mail or by paper copy prior to its filing with the IRS.

Pt VI, Line 12C

Each director, principal and officer, shall disclose any known conflicts in accordance to the organization's conflicts of interest policy.

Pt VI, Line 15A

The salaries of the officers, if any, shall be fixed by resolution of the board of directors. In all cases, any salaries received by officers of this organization shall be reasonable. All officer salaries shall be approved in advance in accordance with the organization's conflict of interest policy.

Pt VI, Line 15B

See Part VI, Line 15a

Pt VI, Line 19

The organization makes its Governing Documents, Conflicts of Interest Policy and Financial Statements available to the public upon written request.

Pt XII, Line 2C

The Independent members of the governance board assume responsibility for the oversight of the review of the financial statements and the selection of the independent accountant.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0239165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0127491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01368460
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02450
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02450
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64620
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.77820
IRS990ScheduleA/PublicSupportTotal170Amt0885933
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0482527
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0353358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0334226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0314220
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0239165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0127491
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01368460
IRS990ScheduleA/TotalSupportAmt01370910
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0127315
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to Recipients
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0115305
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0School Supplies
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt012010
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0School/Education
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0Retail Value
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0127315
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Our grant recipients complete the following tasks to allow us to monitor the use of funds: (1) Recipients send a full accounting of any funds that were expended, describing item and cost (2) recipients send receipts or other backup documentation for all expenditures of grant funds.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0127315
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt085201
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt085201
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt069853
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt09944
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt09944
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Impact Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0694
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0694
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0116373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0116373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031172
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031172
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-38681
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033045
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033045
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt026170
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt026170
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt090
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Auction Items
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Retail Value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt033045
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Line 19, column b - represents the number of items
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I col(b)
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A qualified and authorized person shall complete the annual Form 990 informational return. The return shall be reviewed by the Executive Director and then presented to all board members either via e-mail or by paper copy prior to its filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each director, principal and officer, shall disclose any known conflicts in accordance to the organization's conflicts of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The salaries of the officers, if any, shall be fixed by resolution of the board of directors. In all cases, any salaries received by officers of this organization shall be reasonable. All officer salaries shall be approved in advance in accordance with the organization's conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3See Part VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its Governing Documents, Conflicts of Interest Policy and Financial Statements available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Independent members of the governance board assume responsibility for the oversight of the review of the financial statements and the selection of the independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 2c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0115116
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt044965
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0136529
IRS990/TotalAssetsEOYAmt0126670
IRS990/TotalAssetsGrp/BOYAmt0136529
IRS990/TotalAssetsGrp/EOYAmt0126670
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0353358
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt055551
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228559
IRS990/TotalFunctionalExpensesGrp/TotalAmt0322143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013212
IRS990/TotalLiabilitiesEOYAmt08369
IRS990/TotalLiabilitiesGrp/BOYAmt013212
IRS990/TotalLiabilitiesGrp/EOYAmt08369
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0123317
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0118301
IRS990/TotalProgramServiceExpensesAmt0228559
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/ExclusionAmt0-36231
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0317127
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136529
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0126670
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt05564
IRS990/TravelGrp/ManagementAndGeneralAmt02570
IRS990/TravelGrp/ProgramServicesAmt010948
IRS990/TravelGrp/TotalAmt019082

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