Civic Intelligence

Impact Ventures Accelerator DBA Impact Ventures

990 • Fiscal year 2021 • EIN 83-0699171

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization Profileimpact-ventures.co
1808 S Good Latimer ExpyDallas, TX 75226

(469) 708-8815

Siviq Scores

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

Liabilities / Assets

79th percentile

0.30x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.29x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

89th percentile

55%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$109,250

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

99th percentile

666%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

296%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$734,747

Up $638,881 (+666%) from 2020

Net Assets

Up

$516,151

Up $420,566 (+440%) from 2020

Liabilities

Up

$218,596

Up $218,315 (+77692%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin89th percentile

Revenue

Up

$756,802

Up $565,772 (+296%) from 2020

Expenses

Up

$341,549

Up $245,654 (+256%) from 2020

Net Income

Up

$415,253

Up $320,118 (+336%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $95,866Liabilities 2020: $281Net Assets 2020: $95,5852020Assets 2021: $734,747Liabilities 2021: $218,596Net Assets 2021: $516,1512021Assets 2022: $1,294,794Liabilities 2022: $457,378Net Assets 2022: $837,4162022Assets 2023: $1,388,100Liabilities 2023: $550,725Net Assets 2023: $837,3752023Assets 2024: $1,750,741Liabilities 2024: $728,453Net Assets 2024: $1,022,2882024

Highlighted filing

2021

Assets$734,747
Liabilities$218,596
Net Assets$516,151
Open 2021 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $191,030Expenses 2020: $95,895Net Income 2020: $95,1352020Revenue 2021: $756,802Expenses 2021: $341,549Net Income 2021: $415,2532021Revenue 2022: $995,724Expenses 2022: $674,459Net Income 2022: $321,2652022Revenue 2023: $1,103,467Expenses 2023: $1,104,472Net Income 2023: -$1,0052023Revenue 2024: $1,236,522Expenses 2024: $1,039,982Net Income 2024: $196,5402024

Highlighted filing

2021

Revenue$756,802
Expenses$341,549
Net Income$415,253
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$756,802
Mission and Program Overview

Mission

To empower talented, yet under-estimated Women and Communities of Color to build generational wealth through inclusive entrepreneurship, community wealth building, and integrated capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$95,585$516,151▲ $420,566
Cash and Non-Interest-Bearing Accounts$94,398$391,716▲ $297,318
Investments Program Related-$300,000-
Savings and Temporary Cash Investments$46$26,750▲ $26,704
Pledges and Grants Receivable$1,000$15,000▲ $14,000
Land, Buildings, and Equipment, Net$422$1,281▲ $859
Loans From Officers Directors$281--
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$95,866$734,747▲ $638,881
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$200,000-
Grants Payable-$18,500-
Accounts Payable and Accrued Expenses-$96-
Total Liabilities$281$218,596▲ $218,315
Net Assets / Fund Balance
Total Net Assets Fund Balance$95,585$516,151▲ $420,566
Total Liabilities and Net Assets / Fund Balance$95,866$734,747▲ $638,881

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,281$141$1,422
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin VannFounder & CEOFT$109,250$109,250

Board Members and Trustees

NameTitle
Greer ChristianBoard Chair
Ted HillVice President
Ben MagillDirector
Drexel OwusuDirector
Laci McKinneyDirector
Marty MartinezDirector
Nancy St JacobsDirector
Pamela Zeigler-PettyDirector
Stephone CowardDirector
Taylor ReadyDirector
Tia BradleyDirector
Mackenzie CauseySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$737,536
Program Service Revenue
$19,257
Investment Income
$9
Other Revenue
$0
All Other Contributions
$734,440
Change in Net Assets
$415,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,799
Salaries, Compensation, and Employee Benefits$109,250
Total Fundraising Expense$83,995
Grants and Similar Amounts Paid$41,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$139,742-$24,530$164,272
Current Officers, Directors, Trustees, and Key Employees$43,700$10,925$54,625$109,250
Grants to Domestic Orgs$41,500--$41,500
Information Technology$1,420$3,761$200$5,381
Other Expenses$3,416$5$3,000$3,421
Travel$1,654$16$1,490$3,160
Office Expenses$1,232$542-$1,774
Occupancy-$1,491-$1,491
Conferences and Meetings$985$84$150$1,219
Advertising$38$485-$523
Insurance-$270-$270
Depreciation Depletion$141--$141
Total Functional Expenses$239,975$17,579$83,995$341,549
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Good JerkySaginaw, TX-Small business incubation$15,000
Funky Mello LLCAustin, TX-Small business incubation$10,000
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
Loans from Officers, Directors, Trustees, and Key Employees$281--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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
Yes
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, Line 11B: Form 990 Review Process

“This Form 990 was provided to several Directors via email for their review before filing.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors met to consider and approve the CEO's compensation in 2020, which remained unchanged during 2021. During the deliberations, wages of industry leaders in various online hubs such as salary.com and ziprecruiter.com were considered.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“There are no such individuals.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“These are available upon request.”

Filing and Contact Details

Filer

Filer Name
Impact Ventures Accelerator
EIN
83-0699171
Phone
4697088815
Address
1808 S Good Latimer Expy, Dallas, TX 75226

Signing Officer

Name
Benjamin Vann
Title
Founder & CEO
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Vann
Formed
2018
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
168

Preparer

Firm
CMRosen LLC
Address
17440 Dallas Pkwy Ste 218, Dallas, TX 75287
Preparer
Chad M Rosen CPA
Phone
9728181400
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Prior period adjustment (no material effect on Sch. A) = $5313”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder & CEO
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IRS990/NetAssetsOrFundBalancesBOYAmt095585
IRS990/NetAssetsOrFundBalancesEOYAmt0516151
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01491
IRS990/OccupancyGrp/TotalAmt01491
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0542
IRS990/OfficeExpensesGrp/ProgramServicesAmt01232
IRS990/OfficeExpensesGrp/TotalAmt01774
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt05313
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Professional development
IRS990/OtherExpensesGrp/Desc1Business expenses
IRS990/OtherExpensesGrp/Desc2Other supplies and materials
IRS990/OtherExpensesGrp/FundraisingAmt03000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05
IRS990/OtherExpensesGrp/ProgramServicesAmt02000
IRS990/OtherExpensesGrp/ProgramServicesAmt14147
IRS990/OtherExpensesGrp/ProgramServicesAmt23416
IRS990/OtherExpensesGrp/TotalAmt05000
IRS990/OtherExpensesGrp/TotalAmt14147
IRS990/OtherExpensesGrp/TotalAmt23421
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Benjamin Vann
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2541610
IRS990/ProgramServiceRevenueGrp/BusinessCd3541610
IRS990/ProgramServiceRevenueGrp/Desc0Accelerator fees
IRS990/ProgramServiceRevenueGrp/Desc1Consulting fees
IRS990/ProgramServiceRevenueGrp/Desc2Speaking fees
IRS990/ProgramServiceRevenueGrp/Desc3Workshop fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011141
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31966
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0415253
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt019257
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt095585
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0516151
IRS990/SavingsAndTempCashInvstGrp/BOYAmt046
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026750
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0737536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0183315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt024602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0955914
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt030828
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0478658
IRS990ScheduleA/SubstantialContributorsTotAmt0477256
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0737536
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0183315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt024602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010461
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0955914
IRS990ScheduleA/TotalSupportAmt0955924
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01281
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01422
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01281
IRS990ScheduleD/TotalBookValueProgramRltdAmt0300000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Small business incubation
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Small business incubation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Funky Mello LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1The Good Jerky
IRS990ScheduleI/RecipientTable/RecipientEIN0851548070
IRS990ScheduleI/RecipientTable/RecipientEIN1834132953
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03400 Comsouth Dr
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 79375
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Austin
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Saginaw
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd078744
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd176179

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$734,747
Liabilities
$218,596
Net assets
$516,151
Revenue
$756,802
Expenses
$341,549
Net income
$415,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.75$0.73$1.02$1.24$1.04$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.39$0.55$0.84$1.10$1.10$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.46$0.84$1.00$0.67$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.22$0.52$0.76$0.34$0.42
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.19$0.10$0.10