Civic Intelligence

Impact Ventures Accelerator DBA Impact Ventures

990 • Fiscal year 2022 • EIN 83-0699171

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 06, 2023

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

78th percentile

0.35x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.46x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$136,084

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

92nd percentile

76%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

32%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,294,794

Up $560,047 (+76%) from 2021

Net Assets

Up

$837,416

Up $321,265 (+62%) from 2021

Liabilities

Up

$457,378

Up $238,782 (+109%) from 2021

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin81st percentile

Revenue

Up

$995,724

Up $238,922 (+32%) from 2021

Expenses

Up

$674,459

Up $332,910 (+97%) from 2021

Net Income

Down

$321,265

Down $93,988 (-23%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2022

Assets$1,294,794
Liabilities$457,378
Net Assets$837,416
Open 2022 Filing

Operations Trend

Revenue Growth74th 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

2022

Revenue$995,724
Expenses$674,459
Net Income$321,265
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$995,815
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
Investments Program Related$300,000$760,000▲ $460,000
Pledges and Grants Receivable$15,000$265,000▲ $250,000
Cash and Non-Interest-Bearing Accounts$391,716$214,980▼ $176,736
Savings and Temporary Cash Investments$26,750$41,321▲ $14,571
Land, Buildings, and Equipment, Net$1,281$13,493▲ $12,212
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$734,747$1,294,794▲ $560,047
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$200,000$450,000▲ $250,000
Grants Payable$18,500--
Accounts Payable and Accrued Expenses$96$7,378▲ $7,282
Total Liabilities$218,596$457,378▲ $238,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$516,151$837,416▲ $321,265
Total Net Assets Fund Balance$516,151$837,416▲ $321,265
Total Liabilities and Net Assets / Fund Balance$734,747$1,294,794▲ $560,047

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,624$133$7,757
Equipment$5,869$1,075$6,944
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin VannFounder & CEOFT$136,084$136,084

Board Members and Trustees

NameTitle
Greer ChristianPresident
Ted HillVice President
Aimee CunninghamDirector
Annika CailDirector
Ben MagillDirector
Drexel OwusuDirector
Jennifer HobsonDirector
John JaggersDirector
Marc WomackDirector
Roy LopezSecretary
Ashford ChancellorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$972,544
Program Service Revenue
$22,937
Investment Income
$19
Other Revenue
$224
All Other Contributions
$972,544
Change in Net Assets
$321,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,675
Salaries, Compensation, and Employee Benefits$270,792
Total Fundraising Expense$146,785
Grants and Similar Amounts Paid$65,500
Professional Fundraising Fees$49,492

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$153,046$4,639$1,012$158,697
Current Officers, Directors, Trustees, and Key Employees$54,434$13,608$68,042$136,084
Other Salaries and Wages$106,049-$10,488$116,537
Grants to Domestic Orgs$65,500--$65,500
Fees for Services Professional Fundraising--$49,492$49,492
Information Technology$11,412$14,265$2,853$28,530
Occupancy$8,018$16,037$2,673$26,728
Conferences and Meetings$17,751$490$364$18,605
Payroll Taxes$13,810$545$3,816$18,171
Advertising$8,884$66$3,948$12,898
Travel$5,478$5$2,097$7,580
Fees for Services Legal$6,788--$6,788
Fees for Services Accounting-$4,958-$4,958
Office Expenses$707$2,179-$2,886
Depreciation Depletion-$1,067-$1,067
Insurance-$692-$692
Other Expenses$7,183$51$2,000$51
Total Functional Expenses$466,598$61,076$146,785$674,459
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mango Corp dba Trash Scan AppPlano, TX-Small business incubation$10,000
Sweet Pea Solutions IncEdinburg, TX-Small business incubation$10,000
YEZIS LLC dba Simpleaf BrandsDallas, TX-Small business incubation$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$49,492
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 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, Section A, Line 8B

“There are no committees with authority to act on behalf of the Board of Directors.”

Form 990, Part VI, Section B, Line 11B

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

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

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

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

“No other officers are compensated, and there are no "key employees."”

Form 990, Part VI, Section C, Line 19

“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
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Vann
Formed
2018
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
50

Preparer

Firm
CMRosen LLC
Address
17440 Dallas Pkwy Ste 218, Dallas, TX 75287
Preparer
Chad M Rosen CPA
Phone
9728181400
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder & CEO
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IRS990/OtherExpensesGrp/Desc3Licenses and permits
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2108
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IRS990/OtherExpensesGrp/ProgramServicesAmt17183
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IRS990/OtherExpensesGrp/TotalAmt18446
IRS990/OtherExpensesGrp/TotalAmt22108
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IRS990/PartialLiquidationInd0false
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Benjamin Vann
IRS990/ProfessionalFundraisingInd0true
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IRS990/ProgramServiceRevenueGrp/Desc0Accelerator fees
IRS990/ProgramServiceRevenueGrp/Desc1Conference fees
IRS990/ProgramServiceRevenueGrp/Desc2Consulting fees
IRS990/ProgramServiceRevenueGrp/Desc3Loan Servicing
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2500
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt041500
IRS990/PYInvestmentIncomeAmt09
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IRS990/PYOtherExpensesAmt0190799
IRS990/PYProgramServiceRevenueAmt019257
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0true
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010461
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01928458
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,294,794
Liabilities
$457,378
Net assets
$837,416
Revenue
$995,724
Expenses
$674,459
Net income
$321,265
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