Civic Intelligence

Friends of Odyssey Impact Inc

EIN 27-4258134 • 501(c)3 • New York, NY

Profile

FRIENDS OF ODYSSEY IMPACT, INC. IS A SUPPORTING ORGANIZATION FOR THE ODYSSEY IMPACT, INC. ("OI"), A 501(c)(3) PUBLIC CHARITY. THE PURPOSE OF FRIENDS OF ODYSSEY IMPACT, INC. IS TO HOLD, MANAGE AND ADMINISTER ASSETS OF OI AND TO USE THEM FOR PURPOSES SPECIFIED BY OI, INCLUDING SUPPORT OF OI ITSELF AND ITS PROGRAMS AND TO BE AT ALL TIMES RESPONSIVE TO ITS NEEDS. ALL FUNDS HELD BY FRIENDS OF ODYSSEY IMPACT, INC. WILL BE USED FOR THE BENEFIT OF OI.

15 W 38th St Mb No 727New York, NY 10018

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE X • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE X • $5M-$10M nonprofits • Source year 2024

Net Margin

95th percentile

91%

Higher net margin than 95% of similar nonprofits.

NTEE X • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE X • $5M-$10M nonprofits • Source year 2024

Asset Growth

54th percentile

6.8%

Faster asset growth than 54% of similar nonprofits.

NTEE X • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

NTEE X • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,606,940

Up $486,013 (+6.8%) from 2023

Liabilities

Down

$0

Down $1 (-100%) from 2023

Net Assets

Up

$7,606,940

Up $486,014 (+6.8%) from 2023

Revenue

Up

$534,891

Up $121,700 (+29%) from 2023

Expenses

Down

$48,877

Down $1,848 (-3.6%) from 2023

Net Income

Up

$486,014

Up $123,548 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $25,661,432Liabilities 2011: $0Net Assets 2011: $25,661,4322011Assets 2012: $25,104,877Liabilities 2012: $0Net Assets 2012: $25,104,8772012Assets 2013: $26,037,115Liabilities 2013: $102,611Net Assets 2013: $25,934,5042013Assets 2014: $25,423,313Liabilities 2014: $88,900Net Assets 2014: $25,334,4132014Assets 2015: $22,372,109Liabilities 2015: $106,241Net Assets 2015: $22,265,8682015Assets 2016: $18,768,238Liabilities 2016: $86,122Net Assets 2016: $18,682,1162016Assets 2017: $15,431,816Liabilities 2017: $1Net Assets 2017: $15,431,8152017Assets 2018: $12,216,464Liabilities 2018: $2Net Assets 2018: $12,216,4622018Assets 2020: $9,941,943Liabilities 2020: $0Net Assets 2020: $9,941,9432020Assets 2021: $9,035,601Liabilities 2021: $0Net Assets 2021: $9,035,6012021Assets 2022: $6,340,186Liabilities 2022: $0Net Assets 2022: $6,340,1862022Assets 2023: $7,120,927Liabilities 2023: $1Net Assets 2023: $7,120,9262023Assets 2024: $7,606,940Liabilities 2024: $0Net Assets 2024: $7,606,9402024

Highlighted filing

2024

Assets$7,606,940
Liabilities$0
Net Assets$7,606,940

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,774,3572011Expenses 2012: $3,335,7122012Revenue 2013: $4,253,235Expenses 2013: $3,423,607Net Income 2013: $829,6282013Revenue 2014: $1,487,080Expenses 2014: $2,087,171Net Income 2014: -$600,0912014Revenue 2015: $596,814Expenses 2015: $3,665,359Net Income 2015: -$3,068,5452015Revenue 2016: $1,179,220Expenses 2016: $4,762,972Net Income 2016: -$3,583,7522016Revenue 2017: $1,834,193Expenses 2017: $5,084,494Net Income 2017: -$3,250,3012017Revenue 2018: $488,533Expenses 2018: $3,703,886Net Income 2018: -$3,215,3532018Revenue 2020: $990,163Expenses 2020: $2,276,308Net Income 2020: -$1,286,1452020Revenue 2021: $1,158,270Expenses 2021: $2,064,612Net Income 2021: -$906,3422021Revenue 2022: $359,547Expenses 2022: $1,689,952Net Income 2022: -$1,330,4052022Revenue 2023: $413,191Expenses 2023: $50,725Net Income 2023: $362,4662023Revenue 2024: $534,891Expenses 2024: $48,877Net Income 2024: $486,0142024

Highlighted filing

2024

Revenue$534,891
Expenses$48,877
Net Income$486,014

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$534,891
Mission and Program Overview

Mission

FRIENDS OF NICC, INC. IS A SUPPORTING ORGANIZATION FOR THE NATIONAL INTERFAITH CABLE COALITION, INC. ("NICC"), A 501(c)(3) PUBLIC CHARITY. THE PURPOSE OF FRIENDS OF NICC, INC. IS TO HOLD, MANAGE AND ADMINISTER ASSETS OF NICC AND TO USE THEM FOR PURPOSES SPECIFIED BY NICC, INCLUDING SUPPORT OF NICC ITSELF AND ITS PROGRAMS AND TO BE AT ALL TIMES RESPONSIVE TO ITS NEEDS. ALL FUNDS HELD BY FRIENDS OF NICC, INC. WILL BE USED FOR THE BENEFIT OF NICC.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,240,330$5,365,888▲ $125,558
Cash and Non-Interest-Bearing Accounts$330,597$49,052▼ $281,545
Total Assets$7,120,927$7,606,940▲ $486,013
Other Assets Total$1,550,000$2,192,000▲ $642,000
Liabilities
Accounts Payable and Accrued Expenses$1--
Total Liabilities$1$0▼ $1
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,120,926$7,606,940▲ $486,014
Total Net Assets Fund Balance$7,120,926$7,606,940▲ $486,014
Total Liabilities and Net Assets / Fund Balance$7,120,927$7,606,940▲ $486,013

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,192,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Riaz PatelChairman
Bob WarrenSecretary
David PurvisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$534,891
Other Revenue
$0
Change in Net Assets
$486,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,877
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$48,877--$48,877
Total Functional Expenses$48,877$0$0$48,877
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

No review was or will be conducted.

Conflict of interest policy compliance Part VI line 12C

A director or officer shall disclose to the board any actual or potential conflict of interest as soon as possible after the director or officer learns of the conflict. Following the receipt of information concerning an action or transaction involving an actual or potential conflict of interest, the board shall consider the material facts concerning the proposed action or transaction. The board shall approve only those actions or transactions in which the terms are fair and reasonable to the organization and the arrangements are consistent with the best interests of the organization. The board shall set forth the basis for its decision with respect to approval of actions or transactions involving conflicts of interest in the minutes of the meeting at which the decision is made.

Governing documents etc available to public Part VI line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Friends of Odyssey Impact Inc
EIN
27-4258134
In Care Of
% ALMIRA KASEMI-FRANZ
Phone
9293793400
Address
15 W 38TH ST MB NO 727, NEW YORK, NY 10018

Signing Officer

Name
Almira Kasemi-franz
Title
CFO
Phone
9293793400
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Michael W Forgerson CPA
Address
24701 Amelia Ln, Newhall, CA 91321
Preparer
Michael Forgerson CPA
Phone
6617137119
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Form 990, part iii, line 1 - organization mission friends of odyssey impact, inc. Is a supporting organization for the odyssey impact, inc. (oi), a 501(c)(3) public charity. The purpose of friends of odyssey impact, inc. Is to hold, manage and administer assets of oi and to use them for purposes specified by oi, including support of oi itself and its programs and to be at all times responsive to its needs. All funds held by friends of odyssey impact, inc. Will be used for the benefit of oi.

General explanation attachment

Form 990, part i, line 1 - organization mission or significant activities friends of odyssey impact, inc. Is a supporting organization for the odyssey impact, inc. (oi), a 501(c)(3) public charity. The purpose of friends of odyssey impact, inc. Is to hold, manage and administer assets of oi and to use them for purposes specified by oi, including support of oi itself and its programs and to be at all times responsive to its needs. All funds held by friends of odyssey impact, inc. Will be used for the benefit of oi.

Financial Statement Notes

Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)

The company adopted accounting rules that prescribe when to recognize and how to measure the financial statement effects of income tax positions taken or expected to be taken on its income tax returns (see note 2). These rules require management to evaluate the likelihood that, upon examination by relevant taxing jurisdictions, those income tax positions would be sustained. Based on that evaluation, the company only recognizes the maximum benefit of each income tax position that is more than 50 likely of being sustained. To the extent that all or a portion of the benefits of an income tax position are not recognized, a liability would be recognized for the unrecognized benefits. The organizations evaluation at year-end revealed no material uncertain tax positions.

Raw XML Appendix315 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY ADOPTED ACCOUNTING RULES THAT PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE FINANCIAL STATEMENT EFFECTS OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON ITS INCOME TAX RETURNS (SEE NOTE 2). THESE RULES REQUIRE MANAGEMENT TO EVALUATE THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, THE COMPANY ONLY RECOGNIZES THE MAXIMUM BENEFIT OF EACH INCOME TAX POSITION THAT IS MORE THAN 50 LIKELY OF BEING SUSTAINED. TO THE EXTENT THAT ALL OR A PORTION OF THE BENEFITS OF AN INCOME TAX POSITION ARE NOT RECOGNIZED, A LIABILITY WOULD BE RECOGNIZED FOR THE UNRECOGNIZED BENEFITS. THE ORGANIZATIONS EVALUATION AT YEAR-END REVEALED NO MATERIAL UNCERTAIN TAX POSITIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DIRECTOR OR OFFICER SHALL DISCLOSE TO THE BOARD ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS POSSIBLE AFTER THE DIRECTOR OR OFFICER LEARNS OF THE CONFLICT. FOLLOWING THE RECEIPT OF INFORMATION CONCERNING AN ACTION OR TRANSACTION INVOLVING AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD SHALL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED ACTION OR TRANSACTION. THE BOARD SHALL APPROVE ONLY THOSE ACTIONS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE ORGANIZATION AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE ORGANIZATION. THE BOARD SHALL SET FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO APPROVAL OF ACTIONS OR TRANSACTIONS INVOLVING CONFLICTS OF INTEREST IN THE MINUTES OF THE MEETING AT WHICH THE DECISION IS MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART III, LINE 1 - ORGANIZATION MISSION FRIENDS OF ODYSSEY IMPACT, INC. IS A SUPPORTING ORGANIZATION FOR THE ODYSSEY IMPACT, INC. (OI), A 501(C)(3) PUBLIC CHARITY. THE PURPOSE OF FRIENDS OF ODYSSEY IMPACT, INC. IS TO HOLD, MANAGE AND ADMINISTER ASSETS OF OI AND TO USE THEM FOR PURPOSES SPECIFIED BY OI, INCLUDING SUPPORT OF OI ITSELF AND ITS PROGRAMS AND TO BE AT ALL TIMES RESPONSIVE TO ITS NEEDS. ALL FUNDS HELD BY FRIENDS OF ODYSSEY IMPACT, INC. WILL BE USED FOR THE BENEFIT OF OI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART I, LINE 1 - ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES FRIENDS OF ODYSSEY IMPACT, INC. IS A SUPPORTING ORGANIZATION FOR THE ODYSSEY IMPACT, INC. (OI), A 501(C)(3) PUBLIC CHARITY. THE PURPOSE OF FRIENDS OF ODYSSEY IMPACT, INC. IS TO HOLD, MANAGE AND ADMINISTER ASSETS OF OI AND TO USE THEM FOR PURPOSES SPECIFIED BY OI, INCLUDING SUPPORT OF OI ITSELF AND ITS PROGRAMS AND TO BE AT ALL TIMES RESPONSIVE TO ITS NEEDS. ALL FUNDS HELD BY FRIENDS OF ODYSSEY IMPACT, INC. WILL BE USED FOR THE BENEFIT OF OI.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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