Civic Intelligence

Impact University Inc

990EZ • Fiscal year 2022 • EIN 30-0690032

Aug 01, 2021 to Jul 31, 2022 • Filed on May 15, 2023

6255 Towncenter Dr 641Clemmons, NC 27012

(336) 714-4048

Siviq Scores

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

Liabilities / Assets

85th percentile

0.18x

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

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.07x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Net Margin

36th percentile

-0.6%

Higher net margin than 36% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$21,898

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Asset Growth

38th percentile

-3.7%

Faster asset growth than 38% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

13%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$68,454

Down $2,653 (-3.7%) from 2021

Net Assets

Down

$56,167

Down $2,986 (-5.0%) from 2021

Liabilities

Up

$12,287

Up $333 (+2.8%) from 2021

Revenue

Up

$164,744

Up $19,225 (+13%) from 2021

Expenses

Up

$165,771

Up $7,195 (+4.5%) from 2021

Net Income

Up

-$1,027

Up $12,030 (+92%) from 2021

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2013: $31,862Liabilities 2013: $429Net Assets 2013: $31,4332013Assets 2014: $29,799Liabilities 2014: $1,306Net Assets 2014: $28,4932014Assets 2015: $28,528Liabilities 2015: $1,124Net Assets 2015: $27,4042015Assets 2016: $42,951Liabilities 2016: $741Net Assets 2016: $42,2102016Assets 2017: $55,566Liabilities 2017: $1,257Net Assets 2017: $54,3092017Assets 2018: $83,071Liabilities 2018: $556Net Assets 2018: $82,5152018Assets 2019: $84,447Liabilities 2019: $1,808Net Assets 2019: $82,6392019Assets 2020: $77,118Liabilities 2020: $14,250Net Assets 2020: $62,8682020Assets 2021: $71,107Liabilities 2021: $11,954Net Assets 2021: $59,1532021Assets 2022: $68,454Liabilities 2022: $12,287Net Assets 2022: $56,1672022Assets 2023: $54,229Liabilities 2023: $2,129Net Assets 2023: $52,1002023Assets 2024: $74,076Liabilities 2024: $1,417Net Assets 2024: $72,6592024

Highlighted filing

2022

Assets$68,454
Liabilities$12,287
Net Assets$56,167

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $138,062Expenses 2013: $124,123Net Income 2013: $13,9392013Revenue 2014: $129,641Expenses 2014: $132,581Net Income 2014: -$2,9402014Revenue 2015: $137,467Expenses 2015: $138,556Net Income 2015: -$1,0892015Revenue 2016: $138,685Expenses 2016: $125,061Net Income 2016: $13,6242016Revenue 2017: $160,262Expenses 2017: $148,163Net Income 2017: $12,0992017Revenue 2018: $156,628Expenses 2018: $128,300Net Income 2018: $28,3282018Revenue 2019: $163,680Expenses 2019: $163,556Net Income 2019: $1242019Revenue 2020: $139,366Expenses 2020: $157,881Net Income 2020: -$18,5152020Revenue 2021: $145,519Expenses 2021: $158,576Net Income 2021: -$13,0572021Revenue 2022: $164,744Expenses 2022: $165,771Net Income 2022: -$1,0272022Revenue 2023: $119,712Expenses 2023: $133,811Net Income 2023: -$14,0992023Revenue 2024: $153,941Expenses 2024: $133,383Net Income 2024: $20,5582024

Highlighted filing

2022

Revenue$164,744
Expenses$165,771
Net Income-$1,027
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$164,744
Mission and Program Overview

Mission

A teaching/training center for the word of god and ministry.

Program Services

DescriptionGrantsExpenses
IMPACT UNIVERSITY IS A TEACHING/TRAINING CENTER WHERE MEN AND WOMEN ARE TAUGHT THE UNCOMPROMISING WORD OF GOD. IMPACT ALSO DESIRES TO IMPART PRACTICAL INSIGHT INTO THE NUTS AND BOLDS OF SUCCESSFUL AND ENDURING MINISTRIES.-$164,501
IMPACT UNIVERSITY IS A TEACHING/TRAINING CENTER WHERE MEN AND WOMEN ARE TAUGHT THE UNCOMPRIMISING WORD OF GOD.-$1,270
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT BARRPresidentPT$21,898-$21,898
SCOTT R ORRESTDirectorPT$0--
JACKIE COPELANDDirectorPT$0--
DOSS POTEATDirectorPT$0--
MARILYN BARRDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Impact University Inc
EIN
30-0690032
Phone
3367144048
Address
6255 TOWNCENTER DR 641, CLEMMONS, NC 27012

Signing Officer

Name
Robert Barr
Title
President
Phone
3366027526
Signed
2023-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Gary D Morgan CPA Pa
Address
104 GRANITE LN, SALISBURY, NC 28146
Preparer
Gary D Morgan CPA
Phone
7042799300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Misc income 5,293 total 5,293

Form 990-ez, Part I, Line 16

Expenses advertising 37,358 office expenses 5,586 insurance 4,711 bank fees 3,401 graduation, dues & gifts 4,366 curriculum development 2,241 misc expenses 303 outside services 270 postage & delivery 454 repairs & maintenance 1,404 meals & entertainment 1,044 non-investment depreciation 1,270 total 62,408

Form 990-ez, Part I, Line 20

Prior year adjustment -1,959

Form 990-ez, Part II, Line 24

Accounts receivable 4,240 7,815 prepaid expenses and deferred charges 0 3,259 furniture and fixtures 0 896 less accumulated depreciation 0 896 computer equipment 0 1,857 less accumulated depreciation 0 1,857 computer 0 850 less accumulated depreciation 0 850 tv's and equipment 0 2,835 less accumulated depreciation 0 2,835 furniture and fixtures 0 317 less accumulated depreciation 0 208 furniture and fixtures 0 345 less accumulated depreciation 0 192 furniture and fixtures 0 298 less accumulated depreciation 0 177 furniture and fixtures 0 267 less accumulated depreciation 0 157 furniture and fixtures 0 2,450 less accumulated depreciation 0 1,177 office equipment 0 659 less accumulated depreciation 0 297 computer equipment 0 1,234 less accumulated depreciation 0 805 computer equipment 0 767 less accumulated depreciation 0 456 computer equipment 0 598 less accumulated depreciation 0 270 musical equipment 0 1,105 less accumulated depreciation 0 499 musical equipment 0 1,452 less accumulated depreciation 0 653 pa & sound equipment 0 363 less accumulated depreciation 0 234 other equipment 0 1,906 less accumulated depreciation 0 668 pa & sound equipment 0 750 less accumulated depreciation 0 263 office equipment 0 171 less accumulated depreciation 0 60 camera equipment 0 2,245 less accumulated depreciation 0 2,245 inventory 159 159 depreciable assets 9,793 0 total 14,192 17,799

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,923 2,256 unsecured notes and loans payable 10,031 10,031

Form 990-ez, Part III, Line 28

Impact university is a teaching/training center where men and women are taught the uncompromising word of god. Impact also desires to impart practical insight into the nuts and bolds of successful and enduring ministries.

Form 990-ez, Part III, Line 31

Impact university is a teaching/training center where men and women are taught the uncomprimising word of god.

Raw XML Appendix151 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISC INCOME 5,293 TOTAL 5,293
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 37,358 OFFICE EXPENSES 5,586 INSURANCE 4,711 BANK FEES 3,401 GRADUATION, DUES & GIFTS 4,366 CURRICULUM DEVELOPMENT 2,241 MISC EXPENSES 303 OUTSIDE SERVICES 270 POSTAGE & DELIVERY 454 REPAIRS & MAINTENANCE 1,404 MEALS & ENTERTAINMENT 1,044 NON-INVESTMENT DEPRECIATION 1,270 TOTAL 62,408
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR YEAR ADJUSTMENT -1,959
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS RECEIVABLE 4,240 7,815 PREPAID EXPENSES AND DEFERRED CHARGES 0 3,259 FURNITURE AND FIXTURES 0 896 LESS ACCUMULATED DEPRECIATION 0 896 COMPUTER EQUIPMENT 0 1,857 LESS ACCUMULATED DEPRECIATION 0 1,857 COMPUTER 0 850 LESS ACCUMULATED DEPRECIATION 0 850 TV'S AND EQUIPMENT 0 2,835 LESS ACCUMULATED DEPRECIATION 0 2,835 FURNITURE AND FIXTURES 0 317 LESS ACCUMULATED DEPRECIATION 0 208 FURNITURE AND FIXTURES 0 345 LESS ACCUMULATED DEPRECIATION 0 192 FURNITURE AND FIXTURES 0 298 LESS ACCUMULATED DEPRECIATION 0 177 FURNITURE AND FIXTURES 0 267 LESS ACCUMULATED DEPRECIATION 0 157 FURNITURE AND FIXTURES 0 2,450 LESS ACCUMULATED DEPRECIATION 0 1,177 OFFICE EQUIPMENT 0 659 LESS ACCUMULATED DEPRECIATION 0 297 COMPUTER EQUIPMENT 0 1,234 LESS ACCUMULATED DEPRECIATION 0 805 COMPUTER EQUIPMENT 0 767 LESS ACCUMULATED DEPRECIATION 0 456 COMPUTER EQUIPMENT 0 598 LESS ACCUMULATED DEPRECIATION 0 270 MUSICAL EQUIPMENT 0 1,105 LESS ACCUMULATED DEPRECIATION 0 499 MUSICAL EQUIPMENT 0 1,452 LESS ACCUMULATED DEPRECIATION 0 653 PA & SOUND EQUIPMENT 0 363 LESS ACCUMULATED DEPRECIATION 0 234 OTHER EQUIPMENT 0 1,906 LESS ACCUMULATED DEPRECIATION 0 668 PA & SOUND EQUIPMENT 0 750 LESS ACCUMULATED DEPRECIATION 0 263 OFFICE EQUIPMENT 0 171 LESS ACCUMULATED DEPRECIATION 0 60 CAMERA EQUIPMENT 0 2,245 LESS ACCUMULATED DEPRECIATION 0 2,245 INVENTORY 159 159 DEPRECIABLE ASSETS 9,793 0 TOTAL 14,192 17,799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,923 2,256 UNSECURED NOTES AND LOANS PAYABLE 10,031 10,031
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IMPACT UNIVERSITY IS A TEACHING/TRAINING CENTER WHERE MEN AND WOMEN ARE TAUGHT THE UNCOMPROMISING WORD OF GOD. IMPACT ALSO DESIRES TO IMPART PRACTICAL INSIGHT INTO THE NUTS AND BOLDS OF SUCCESSFUL AND ENDURING MINISTRIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IMPACT UNIVERSITY IS A TEACHING/TRAINING CENTER WHERE MEN AND WOMEN ARE TAUGHT THE UNCOMPRIMISING WORD OF GOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 GRANITE LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum07042799300
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY D MORGAN CPA
ReturnHeader/ReturnTs02023-05-15T08:57:00-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARR
ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • NTEE B25 • <$500k nonprofits