Civic Intelligence

Impact Inc.

990 • Fiscal year 2019 • EIN 52-1916839

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 03, 2020

PO Box 43053Upper Montclair, NJ 07043

(973) 980-7000

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

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

2019 filings • NTEE O • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

2019 filings • NTEE O • <$500k nonprofits • Source year 2019

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2019 filings • NTEE O • <$500k nonprofits • Source year 2019

Top Officer Pay

80th percentile

$5,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2019 filings • NTEE O • <$500k nonprofits • Source year 2019

Asset Growth

83rd percentile

55%

Faster asset growth than 83% of similar nonprofits.

2019 filings • NTEE O • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • NTEE O • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$42,050

Up $14,986 (+55%) from 2018

Net Assets

Up

$42,050

Up $14,986 (+55%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$55,166

Down $12,760 (-19%) from 2018

Expenses

Down

$40,180

Down $54,360 (-57%) from 2018

Net Income

Up

$14,986

Up $41,600 (+156%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $91,920Liabilities 2010: $1,028Net Assets 2010: $90,8922010Assets 2011: $116,448Liabilities 2011: $0Net Assets 2011: $116,4482011Assets 2012: $113,586Liabilities 2012: $0Net Assets 2012: $113,5862012Assets 2013: $89,398Liabilities 2013: $0Net Assets 2013: $89,3982013Assets 2014: $81,432Liabilities 2014: $0Net Assets 2014: $81,4322014Assets 2015: $52,006Liabilities 2015: $143Net Assets 2015: $51,8632015Assets 2016: $53,595Liabilities 2016: $0Net Assets 2016: $53,5952016Assets 2017: $53,678Liabilities 2017: $0Net Assets 2017: $53,6782017Assets 2018: $27,064Liabilities 2018: $0Net Assets 2018: $27,0642018Assets 2019: $42,050Liabilities 2019: $0Net Assets 2019: $42,0502019Assets 2020: $62,245Liabilities 2020: $0Net Assets 2020: $62,2452020Assets 2021: $92,174Liabilities 2021: $0Net Assets 2021: $92,1742021Assets 2022: $66,667Liabilities 2022: $0Net Assets 2022: $66,6672022

Highlighted filing

2019

Assets$42,050
Liabilities$0
Net Assets$42,050

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $124,4232010Expenses 2011: $39,8072011Expenses 2012: $61,9822012Revenue 2013: $93,018Expenses 2013: $117,206Net Income 2013: -$24,1882013Revenue 2014: $89,681Expenses 2014: $97,648Net Income 2014: -$7,9672014Revenue 2015: $87,117Expenses 2015: $116,687Net Income 2015: -$29,5702015Revenue 2016: $79,861Expenses 2016: $78,129Net Income 2016: $1,7322016Revenue 2017: $89,046Expenses 2017: $88,963Net Income 2017: $832017Revenue 2018: $67,926Expenses 2018: $94,540Net Income 2018: -$26,6142018Revenue 2019: $55,166Expenses 2019: $40,180Net Income 2019: $14,9862019Revenue 2020: $44,731Expenses 2020: $24,536Net Income 2020: $20,1952020Revenue 2021: $66,713Expenses 2021: $36,784Net Income 2021: $29,9292021Revenue 2022: $18,600Expenses 2022: $44,107Net Income 2022: -$25,5072022

Highlighted filing

2019

Revenue$55,166
Expenses$40,180
Net Income$14,986
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 3, 2020
Return Version
2018v3.3
Gross Receipts
$55,166
Mission and Program Overview

Mission

To promote Christianity

We are committed to raise, equip and moblilize the second generation of Korean-Americans and the Korean diaspora to fulfill the Great Commission of the Gospel of Jesus Christ focused on North Korea.

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$2,400$19,092▲ $16,692
Cash and Non-Interest-Bearing Accounts$18,380$18,958▲ $578
Savings and Temporary Cash Investments$2,284--
Total Assets$27,064$42,050▲ $14,986
Other Assets Total$4,000$4,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$27,064$42,050▲ $14,986
Total Net Assets Fund Balance$27,064$42,050▲ $14,986
Total Liabilities and Net Assets / Fund Balance$27,064$42,050▲ $14,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$31,759$31,759
Other Assets Org$4,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susie YoonPresident
Hye Jung GoghBoard Member
Kyeong Hee ParkBoard Member
Moon ParkBoard Member
Sunny LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,166
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$55,166
Change in Net Assets
$14,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,637
Grants and Similar Amounts Paid$17,543
Salaries, Compensation, and Employee Benefits$5,000
Total Fundraising Expense$540
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$17,543--$17,543
Occupancy$4,843$1,165-$6,008
Current Officers, Directors, Trustees, and Key Employees$5,000--$5,000
Travel$3,401$425$425$4,251
Fees for Services Accounting-$2,425-$2,425
Office Expenses$1,686$115$115$1,916
Other Expenses$1,262--$1,262
Total Functional Expenses$35,510$4,130$540$40,180
International Activity

International Summary

Employees
2

International Compliance

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
East Asia and the PacificProgram Servicesteaching training relief work-2-
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,400$19,092▲ $16,692
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 18

Upon request, copies of the governing documents are made available for inspection.

Form 990, Part VI, Section B, Line 11

The president or treasurer reviews the 990 before it is filed. Other board members work closely with the president in preparing the information used to prepare the 990.

Form 990, Part VI, Section B, Line 15A

The presidents compensation is approved by the Board. Compensation is well below market rates for the time invested by the president.

Filing and Contact Details

Filer

Filer Name
Impact Inc
EIN
52-1916839
Phone
9739807000
Address
PO Box 43053, Upper Montclair, NJ 07043

Signing Officer

Name
Susie Yoon
Title
President
Signed
2020-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suse Yoon
Formed
1994
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Theodore W Angowski CPA
Address
327 Valley Road, West Orange, NJ 07052
Preparer
Theodore W Angowski CPA
Phone
9737318181
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt019092
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Susie Yoon
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Upon request, copies of the governing documents are made available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The president or treasurer reviews the 990 before it is filed. Other board members work closely with the president in preparing the information used to prepare the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The presidents compensation is approved by the Board. Compensation is well below market rates for the time invested by the president.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15A
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt027064
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt042050
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027064
IRS990/TotalAssetsEOYAmt042050
IRS990/TotalAssetsGrp/BOYAmt027064
IRS990/TotalAssetsGrp/EOYAmt042050
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt055166
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0540
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04130
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt035510
IRS990/TotalFunctionalExpensesGrp/TotalAmt040180
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042050
IRS990/TotalProgramServiceExpensesAmt035510
IRS990/TotalReportableCompFromOrgAmt05000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt055166
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027064
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042050
IRS990/TravelGrp/FundraisingAmt0425
IRS990/TravelGrp/ManagementAndGeneralAmt0425
IRS990/TravelGrp/ProgramServicesAmt03401
IRS990/TravelGrp/TotalAmt04251
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 43053
IRS990/USAddress/CityNm0Montclair
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd0070430053
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Susie Yoon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Impact Inc
ReturnHeader/Filer/BusinessNameControlTxt0IMPA
ReturnHeader/Filer/EIN0521916839
ReturnHeader/Filer/PhoneNum09739807000
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 43053
ReturnHeader/Filer/USAddress/CityNm0Upper Montclair
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007043
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BA10BA500DFBFBBDC31E7BE22DB31E52999F6F86
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05407B01696D17F4D57589EB58AE08335A8EACE89
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.234.127.134
ReturnHeader/FilingSecurityInformation/IPDt02020-08-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm020:32:00
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Theodore W Angowski CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0327 Valley Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Orange
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007052
ReturnHeader/PreparerPersonGrp/PhoneNum09737318181
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Theodore W Angowski CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-08-03T04:41:38-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.19$0.44$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.67$0.37$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.45$0.25$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.55$0.40$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.68$0.95$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.89$0.89$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.80$0.78$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.87$1.17$0.30
2014Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.90$0.98$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.00$0.89$0.93$1.17$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.01$0.91$1.24