Civic Intelligence

Education Impact Initiative

EIN 82-5274691 • 501(c)3 • Raleigh, NC

Profile

To provide operating or working capital and/or facilities to not-for-profit education industry stakeholders to support the growth and expansion of education in communities across the country that suffer from limited educational choice.

4810 Crestmore RdRaleigh, NC 27612

n/A

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

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

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

Asset Growth

48th percentile

0.0%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Flat

$168,955

Flat from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Flat

$168,955

Flat from 2021

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2021

Expenses

Down

$0

Down $66,500 (-100%) from 2021

Net Income

Up

$0

Up $66,500 (+100%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

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

$300K$200K$100K$0Assets 2019: $52,000Liabilities 2019: $0Net Assets 2019: $52,0002019Assets 2020: $235,455Liabilities 2020: $0Net Assets 2020: $235,4552020Assets 2021: $168,955Liabilities 2021: $0Net Assets 2021: $168,9552021Assets 2022: $168,955Liabilities 2022: $0Net Assets 2022: $168,9552022

Highlighted filing

2022

Assets$168,955
Liabilities$0
Net Assets$168,955
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2019: $52,000Expenses 2019: $0Net Income 2019: $52,0002019Revenue 2020: $203,500Expenses 2020: $20,045Net Income 2020: $183,4552020Revenue 2021: $0Expenses 2021: $66,500Net Income 2021: -$66,5002021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2022

Revenue$0
Expenses$0
Net Income$0
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$168,955
Liabilities
$0
Net assets
$168,955
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.00$1.69$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.00$0.67$0.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.00$2.35$2.04$0.20$1.83
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.52$0.00$0.52
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

To provide support for charter school development

To provide operating or working capital and/or facilities to not-for-profit education industry stakeholders to support the growth and expansion of education in communities across the country that suffer from limited educational choice.

Program Services

DescriptionGrantsExpenses
TO PROVIDE SUPPORT FOR EDUCATIONAL DEVELOPMENT AND COMMUNITY REDEVELOPMENT.$0$62,500
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RAYMOND H SOWELLPresidentPT$0--
KEISHA C STEVENSVice President-$0--
Filing and Contact Details

Filer

Filer Name
Education Impact Initiative
EIN
82-5274691
Phone
9198416564
Address
4810 CRESTMORE RD, RALEIGH, NC 27612

Signing Officer

Name
Raymond H Sowell
Title
President
Phone
9198416564
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Carr Riggs & Ingram Pllc
Address
1692 E ARLINGTON BLVD, GREENVILLE, NC 27858
Preparer
Joni L Brooks CPA
Phone
2527562760
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: . Grantee name: legacy impact capital. Grantee address: 4810 crestmore rd. Raleigh, nc 27612. Property description: cash. Book value of property: 62,000. Date of gift: 03/30/21. Amount given: 62,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising. Amount: 4,000.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: note receivable. Beg. Of year amount: 32,938. End of year amount: 166,438.”

Raw XML Appendix142 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HOWARD SOWELL
IRS990EZ/BooksInCareOfDetail/PhoneNum09198416564
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 12151
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027605
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0202517
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02517
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-66500
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0500
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0235455
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0168955
IRS990EZ/GrantsAndSimilarAmountsPaidAmt062000
IRS990EZ/GrossReceiptsAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LoansToFromOfficersAmt0166438
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd01
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0235455
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0168955
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0235455
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0168955
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RAYMOND H SOWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEISHA C STEVENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt032938
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0166438
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt04000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE OPERATING OR WORKING CAPITAL AND/OR FACILITIES TO NOT-FOR-PROFIT EDUCATION INDUSTRY STAKEHOLDERS TO SUPPORT THE GROWTH AND EXPANSION OF EDUCATION IN COMMUNITIES ACROSS THE COUNTRY THAT SUFFER FROM LIMITED EDUCATIONAL CHOICE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE SUPPORT FOR EDUCATIONAL DEVELOPMENT AND COMMUNITY REDEVELOPMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt062500
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt066500
IRS990EZ/TotalProgramServiceExpensesAmt062500
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0255500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0255500
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0255500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0255500
IRS990ScheduleA/Total509Grp/TotalAmt0255500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0255500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0255500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0166438
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0DANVER CAPITAL PARTNERS INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0DEVELOPMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0166438
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0ENTITY OWNED BY BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0166438
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: . GRANTEE NAME: LEGACY IMPACT CAPITAL. GRANTEE ADDRESS: 4810 CRESTMORE RD. RALEIGH, NC 27612. PROPERTY DESCRIPTION: CASH. BOOK VALUE OF PROPERTY: 62,000. DATE OF GIFT: 03/30/21. AMOUNT GIVEN: 62,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING. AMOUNT: 4,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: NOTE RECEIVABLE. BEG. OF YEAR AMOUNT: 32,938. END OF YEAR AMOUNT: 166,438.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAYMOND H SOWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198416564
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATION IMPACT INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0825274691
ReturnHeader/Filer/PhoneNum09198416564
ReturnHeader/Filer/USAddress/AddressLine1Txt04810 CRESTMORE RD
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027612
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01692 E ARLINGTON BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027858
ReturnHeader/PreparerPersonGrp/PhoneNum02527562760
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONI L BROOKS CPA
ReturnHeader/ReturnTs02022-11-15T11:32:37-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAYMOND
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SOWELL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits