Civic Intelligence

Impact Hub

990 • Fiscal year 2020 • EIN 81-4127514

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 02, 2021

PO Box 1609Vashon, WA 98070

(206) 659-6491

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

16th percentile

-35%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

3rd percentile

-86%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-78%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$9,474

Down $59,861 (-86%) from 2019

Net Assets

Down

$9,474

Down $59,861 (-86%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$162,990

Down $583,586 (-78%) from 2019

Expenses

Down

$220,230

Down $457,247 (-67%) from 2019

Net Income

Down

-$57,240

Down $126,339 (-183%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $2,919Liabilities 2017: $0Net Assets 2017: $2,9192017Assets 2018: $236Liabilities 2018: $0Net Assets 2018: $2362018Assets 2019: $69,335Liabilities 2019: $0Net Assets 2019: $69,3352019Assets 2020: $9,474Liabilities 2020: $0Net Assets 2020: $9,4742020Assets 2021: $44,563Liabilities 2021: $0Net Assets 2021: $44,5632021Assets 2022: $367,854Liabilities 2022: $0Net Assets 2022: $367,8542022Assets 2023: $425,079Liabilities 2023: $0Net Assets 2023: $425,0792023Assets 2024: $152,668Liabilities 2024: $0Net Assets 2024: $152,6682024

Highlighted filing

2020

Assets$9,474
Liabilities$0
Net Assets$9,474

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $120,223Expenses 2017: $117,404Net Income 2017: $2,8192017Revenue 2018: $311,683Expenses 2018: $314,366Net Income 2018: -$2,6832018Revenue 2019: $746,576Expenses 2019: $677,477Net Income 2019: $69,0992019Revenue 2020: $162,990Expenses 2020: $220,230Net Income 2020: -$57,2402020Revenue 2021: $369,880Expenses 2021: $334,791Net Income 2021: $35,0892021Revenue 2022: $1,985,834Expenses 2022: $1,662,543Net Income 2022: $323,2912022Revenue 2023: $746,724Expenses 2023: $689,499Net Income 2023: $57,2252023Revenue 2024: $664,551Expenses 2024: $936,962Net Income 2024: -$272,4112024

Highlighted filing

2020

Revenue$162,990
Expenses$220,230
Net Income-$57,240
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 2, 2021
Return Version
2020v4.1
Gross Receipts
$162,990
Mission and Program Overview

Mission

EDUCATION

To support and promote a global ecosystem for the growth of social entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$68,962$9,474▼ $59,488
Savings and Temporary Cash Investments$373--
Total Assets$69,335$9,474▼ $59,861
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$69,335$9,474▼ $59,861
Total Net Assets Fund Balance$69,335$9,474▼ $59,861
Total Liabilities and Net Assets / Fund Balance$69,335$9,474▼ $59,861
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian HowePresident
Brian SchoenbaumSecretary
Katie MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,990
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$162,990
Change in Net Assets
$-57,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$204,122
Other Expenses$16,108
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$167,420--$167,420
Grants to Domestic Orgs$36,702--$36,702
Fees for Services Legal-$13,681-$13,681
Fees for Services Accounting-$1,880-$1,880
Office Expenses-$497-$497
Other Expenses-$50-$50
Total Functional Expenses$204,122$16,108$0$220,230
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Impact Hub Boston-startup MentorsBoston, MA-Support to Entrepreneurs Scaling Their Businesses$36,702

International Summary

Offices
0
Employees
0
Spending
$167,420

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
Central America and CaribbeanProrgam ServicesPromotion of Resilient Entrepreneurs00$73,865
East Asia and PacificProgram ServicesGeneration Impact Fellowship and Hack the Challenge Programs00$48,950
EuropeProgram ServicesImpact Hub Gmbh for Generation Impact and Kiva Loans00$44,605
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-PresidentLegal and Managerial ServicesNo$13,681
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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, Part VI, Section B, Line 11B

A draft form 990 is provided to board members for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors are required to disclose annually interests that could give rise to conflicts, and are monitored and reviewed during board meetings.

Form 990, Part VI, Section C, Line 19

Copies for public inspection are made upon request.

Filing and Contact Details

Filer

Filer Name
Impact Hub Trust
EIN
81-4127514
Phone
2066596491
Address
PO BOX 1609, VASHON, WA 98070

Signing Officer

Name
Brian Howe
Title
President
Phone
2066596491
Signed
2021-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Howe
Formed
2016
Legal Domicile
Wa
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Howard Donkin CPA
Phone
2066288990
Raw XML Appendix386 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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IRS990/FSAuditedInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt069335
IRS990/NetAssetsOrFundBalancesEOYAmt09474
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0497
IRS990/OfficeExpensesGrp/TotalAmt0497
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSE FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050
IRS990/OtherExpensesGrp/TotalAmt050
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/PriorPeriodAdjustmentsAmt0-2621
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0GENERATION IMPACT FELLOWSHIP PROGRAM IS A MULTI-CITY ENTREPRENEURSHIP PROGRAM DESIGNED FOR YOUNG FUTURE LEADERS AIMED TO INSPIRE, SELECT AND SUPPORT INNOVATIVE IDEAS WITH THE POTENTIAL TO GROW TO BE SUSTAINABLE VENTURES. THIS PROGRAM INVOLVES 9 IMPACT HUB LOCATIONS IN THE ASIA PACIFIC REGION: JAKARTA, KUALA LUMPUR, KYOTO, MANILA, PHNOM PENH, SHANGHAI, TAIPEI, YANGON AND WAIKATO.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048950
IRS990/ProgSrvcAccomActy2Grp/GrantAmt048950
IRS990/ProgSrvcAccomActy3Grp/Desc0KIVA MICROFUND SMALL LOANS TO INDIVIDUALS OR GROUPS IN DEVELOPING COUNTRIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt044605
IRS990/ProgSrvcAccomActy3Grp/GrantAmt044605
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IMPACT HUB BOSTON STARTUP MENTORS.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EAST ASIA AND PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROMOTION OF RESILIENT ENTREPRENEURS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1GENERATION IMPACT FELLOWSHIP AND HACK THE CHALLENGE PROGRAMS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2IMPACT HUB GMBH FOR GENERATION IMPACT AND KIVA LOANS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PRORGAM SERVICES
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2PROGRAM SERVICES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1EAST ASIA AND THE PACIFIC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2EUROPE (INCLUDING ICELAND & GREENLAND)
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0IMPACT HUB TRUST HAS A TECHNICAL COOPERATION AGREEMENT WITH THE INTER-AMERICAN DEVELOPMENT BANK (IDB). IDB COORDINATES FUNDING WITH GLOBAL OVERSIGHT TEAMS AND LOCAL PROJECT MANAGERS. IDB MONITORS AND SUPERVISES THE ACTIVITIES, ACHIEVEMENTS, REPORTING AND FINANCIAL ASPECTS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
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IRS990ScheduleF/TransferToForeignCorpInd00
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IRS990ScheduleI/RecipientTable/CashGrantAmt036702
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT TO ENTREPRENEURS SCALING THEIR BUSINESSES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IMPACT HUB BOSTON-STARTUP MENTORS
IRS990ScheduleI/RecipientTable/RecipientEIN0833201967
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt050 MILK ST 15TH FLOOR
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BRIAN HOWE IS THE MANAGING DIRECTOR OF VOX LEGAL PLLC WHO PROVIDES LEGAL AND MANAGERIAL SERVICES TO THE ORGANIZATION. HE RECEIVED $13,681 TOTAL COMPENSATION AS A RESULT OF THIS WORK.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VII, SECTION A, LINE 5:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0BRIAN HOWE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt013681
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL AND MANAGERIAL SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT FORM 990 IS PROVIDED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND ARE MONITORED AND REVIEWED DURING BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES FOR PUBLIC INSPECTION ARE MADE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt069335
IRS990/TotalAssetsEOYAmt09474
IRS990/TotalAssetsGrp/BOYAmt069335
IRS990/TotalAssetsGrp/EOYAmt09474
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0162990
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0204122
IRS990/TotalFunctionalExpensesGrp/TotalAmt0220230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt069335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09474
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt036702
IRS990/TotalOtherProgSrvcGrantAmt036702
IRS990/TotalProgramServiceExpensesAmt0204122
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0162990
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09474
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1609
IRS990/USAddress/CityNm0VASHON
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098070
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN HOWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02066596491
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMPACT HUB TRUST
ReturnHeader/Filer/BusinessNameControlTxt0IMPA
ReturnHeader/Filer/EIN0814127514
ReturnHeader/Filer/PhoneNum02066596491
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1609
ReturnHeader/Filer/USAddress/CityNm0VASHON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098070
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0912011386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JACOBSON JARVIS & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 FIRST AVE WEST SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981194219
ReturnHeader/PreparerPersonGrp/PhoneNum02066288990
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD DONKIN CPA
ReturnHeader/ReturnTs02021-08-27T16:55:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOWE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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