Civic Intelligence

Impact Ventures Accelerator DBA Impact Ventures

990 • Fiscal year 2023 • EIN 83-0699171

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profileimpact-ventures.co
4621 Ross Ave 120Dallas, TX 75204

(469) 708-8815

Siviq Scores

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

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.50x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$152,292

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

57th percentile

7.2%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,388,100

Up $93,306 (+7.2%) from 2022

Net Assets

Down

$837,375

Down $41 (-0.0%) from 2022

Liabilities

Up

$550,725

Up $93,347 (+20%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin39th percentile

Revenue

Up

$1,103,467

Up $107,743 (+11%) from 2022

Expenses

Up

$1,104,472

Up $430,013 (+64%) from 2022

Net Income

Down

-$1,005

Down $322,270 (-100%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2023

Assets$1,388,100
Liabilities$550,725
Net Assets$837,375
Open 2023 Filing

Operations Trend

Revenue Growth56th 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

2023

Revenue$1,103,467
Expenses$1,104,472
Net Income-$1,005
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$1,103,467
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$760,000$717,500▼ $42,500
Cash and Non-Interest-Bearing Accounts$214,980$615,527▲ $400,547
Pledges and Grants Receivable$265,000$46,150▼ $218,850
Land, Buildings, and Equipment, Net$13,493$8,820▼ $4,673
Savings and Temporary Cash Investments$41,321$103▼ $41,218
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$1,294,794$1,388,100▲ $93,306
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$450,000$548,127▲ $98,127
Accounts Payable and Accrued Expenses$7,378$2,598▼ $4,780
Total Liabilities$457,378$550,725▲ $93,347
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$837,416$837,375▼ $41
Total Net Assets Fund Balance$837,416$837,375▼ $41
Total Liabilities and Net Assets / Fund Balance$1,294,794$1,388,100▲ $93,306

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,547$1,079$6,626
Equipment$3,273$3,249$6,522
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin VannFounder & CEOFT$152,292$152,292

Board Members and Trustees

NameTitle
Roy LopezPresident
Annika CailDirector
Ben MagillDirector
Drexel OwusuDirector
Greer ChristianDirector
John JaggersDirector
Krystian ReyesDirector
Oliver L Simms IIIDirector
Ashford ChancellorTreasurer
Ted HillVice Pres/Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$1,088,546
Program Service Revenue
$14,882
Investment Income
$14
Other Revenue
$25
All Other Contributions
$1,088,546
Change in Net Assets
$-1,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$563,838
Other Expenses$500,634
Total Fundraising Expense$190,005
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$237,447$1,333$126,153$364,933
Fees for Services Other$124,610$25,298$3,091$152,999
Current Officers, Directors, Trustees, and Key Employees$114,228$15,230$22,846$152,304
Conferences and Meetings$121,369$3,665$2,334$127,368
Occupancy$62,099$12,976$12,420$87,495
Information Technology$24,341$34,063$59$58,463
Payroll Taxes$27,520$1,247$11,788$40,555
Grants to Domestic Orgs$40,000--$40,000
Travel$28,162$566$7,446$36,174
Advertising$6,079$2,227$1,473$9,779
Office Expenses$134$9,284-$9,418
Fees for Services Accounting-$8,114-$8,114
Other Employee Benefits$3,934$22$2,090$6,046
Fees for Services Legal$6,000--$6,000
Depreciation Depletion-$3,120-$3,120
Insurance-$700-$700
Other Expenses$25$1$5$6
Total Functional Expenses$796,448$118,019$190,005$1,104,472
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Redline Carriers LLCFort Worth, TX-Small business incubation$15,000
Eye Candy Creations LLCLos Angeles, CA-Small business incubation$10,000
Breathe Motiv dba VelavidaGarland, TX-Small business incubation$7,500
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 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 2022. During the deliberations, wages of industry leaders in various online hubs such as salary.com and ziprecruiter.com, and as reported on Forms 990 of similar organizations, are 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
4621 Ross Ave 120, Dallas, TX 75204

Signing Officer

Name
Benjamin Vann
Title
Founder & CEO
Signed
2024-11-13
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
8
Volunteers
40

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

“Prior period adjustment (no material effect on Sch. A) = $964”

Raw XML AppendixShowing 400 of 538 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/Desc02023 was a year of capacity building and program realignment. We scaled back on our normal program cadence to focus on launching 2 new initiatives. We hosted focus group sessions with industry experts to better inform our new offerings. We successfully completed our first Inclusive Capital Summit with over 235 attendees. We hosted two Tribe Talk events and our very first Mentor Appreciation Breakfast. Our big focus for the year was completing our salesforce data management strategy which would allow the Organization to effectively update, manage, and report our data and metrics to all of our stakeholders. We also moved into a new office space designed to be a resource for our clients as a work and gathering space to build community and get access to more resources. This allowed us to support 47 alumni clients with business planning, financial projections, fundraising, and business development. We also awarded small business grants.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder & CEO
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IRS990/NetAssetsOrFundBalancesEOYAmt0837375
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0837416
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0837375
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt012420
IRS990/OccupancyGrp/ManagementAndGeneralAmt012976
IRS990/OccupancyGrp/ProgramServicesAmt062099
IRS990/OccupancyGrp/TotalAmt087495
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09284
IRS990/OfficeExpensesGrp/ProgramServicesAmt0134
IRS990/OfficeExpensesGrp/TotalAmt09418
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0964
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02090
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03934
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06046
IRS990/OtherExpensesGrp/Desc0Business expenses
IRS990/OtherExpensesGrp/Desc1Professional development
IRS990/OtherExpensesGrp/Desc2Licenses and permits
IRS990/OtherExpensesGrp/FundraisingAmt0300
IRS990/OtherExpensesGrp/FundraisingAmt15
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0173
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11
IRS990/OtherExpensesGrp/ProgramServicesAmt0500
IRS990/OtherExpensesGrp/ProgramServicesAmt125
IRS990/OtherExpensesGrp/TotalAmt0500
IRS990/OtherExpensesGrp/TotalAmt1498
IRS990/OtherExpensesGrp/TotalAmt26
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0126153
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01333
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0237447
IRS990/OtherSalariesAndWagesGrp/TotalAmt0364933
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt011788
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01247
IRS990/PayrollTaxesGrp/ProgramServicesAmt027520
IRS990/PayrollTaxesGrp/TotalAmt040555
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0265000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt046150
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Benjamin Vann
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0Conference fees
IRS990/ProgramServiceRevenueGrp/Desc1Program loan interest
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014184
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1698
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1698
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0972544
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt065500
IRS990/PYInvestmentIncomeAmt019
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0288675
IRS990/PYOtherRevenueAmt0224
IRS990/PYProgramServiceRevenueAmt022937
IRS990/PYRevenuesLessExpensesAmt0321265
IRS990/PYSalariesCompEmpBnftPaidAmt0270792
IRS990/PYTotalExpensesAmt0674459
IRS990/PYTotalProfFndrsngExpnsAmt049492
IRS990/PYTotalRevenueAmt0995724
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1005
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt014882
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt025
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt025
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041321
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01088546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0972544
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0737536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0183315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt024602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03006543
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt068
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt068890
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53230
IRS990ScheduleA/PublicSupportPY170Pct00.59420
IRS990ScheduleA/PublicSupportTotal170Amt01600335
IRS990ScheduleA/SubstantialContributorsTotAmt01406208
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01088546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0972544
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0737536
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0183315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024602
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03006543
IRS990ScheduleA/TotalSupportAmt03006611
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/BookValueAmt03273
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03249
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06522
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05547
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01079
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06626
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08820
IRS990ScheduleD/TotalBookValueProgramRltdAmt0717500
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/CashGrantAmt110000

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,388,100
Liabilities
$550,725
Net assets
$837,375
Revenue
$1,103,467
Expenses
$1,104,472
Net income
-$1,005
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