Civic Intelligence

Impact Innovators and Entrepreneurs Foundation

990 • Fiscal year 2022 • EIN 83-1851237

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 26, 2023

1533 Sicily DriveLongmont, CO 80503

(303) 895-4411

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

50th percentile

6.1%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$77,940

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

51st percentile

2.3%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

2.4%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$990,416

Up $22,571 (+2.3%) from 2021

Net Assets

Up

$990,416

Up $45,365 (+4.8%) from 2021

Liabilities

Down

$0

Down $22,794 (-100%) from 2021

Revenue

Up

$744,813

Up $17,700 (+2.4%) from 2021

Expenses

Up

$699,448

Up $441,601 (+171%) from 2021

Net Income

Down

$45,365

Down $423,901 (-90%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2018: $19,537Liabilities 2018: $837Net Assets 2018: $18,7002018Assets 2019: $389,035Liabilities 2019: $661Net Assets 2019: $388,3742019Assets 2020: $482,875Liabilities 2020: $7,090Net Assets 2020: $475,7852020Assets 2021: $967,845Liabilities 2021: $22,794Net Assets 2021: $945,0512021Assets 2022: $990,416Liabilities 2022: $0Net Assets 2022: $990,4162022Assets 2023: $1,392,583Liabilities 2023: $1,078Net Assets 2023: $1,391,5052023Assets 2024: $1,330,307Liabilities 2024: $20,018Net Assets 2024: $1,310,2892024

Highlighted filing

2022

Assets$990,416
Liabilities$0
Net Assets$990,416

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $19,517Expenses 2018: $817Net Income 2018: $18,7002018Revenue 2019: $458,931Expenses 2019: $89,257Net Income 2019: $369,6742019Revenue 2020: $265,791Expenses 2020: $178,380Net Income 2020: $87,4112020Revenue 2021: $727,113Expenses 2021: $257,847Net Income 2021: $469,2662021Revenue 2022: $744,813Expenses 2022: $699,448Net Income 2022: $45,3652022Revenue 2023: $1,035,885Expenses 2023: $634,796Net Income 2023: $401,0892023Revenue 2024: $1,228,716Expenses 2024: $1,309,932Net Income 2024: -$81,2162024

Highlighted filing

2022

Revenue$744,813
Expenses$699,448
Net Income$45,365
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 26, 2023
Return Version
2022v5.0
Gross Receipts
$744,813
Mission and Program Overview

Mission

To create an impact on the lives of the disadvantaged, under-served populations by nurturing models of innovation and entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$682,965$524,817▼ $158,148
Investments Other Securities$199,724$374,411▲ $174,687
Prepaid Expenses and Deferred Charges$156$6,188▲ $6,032
Total Assets$967,845$990,416▲ $22,571
Other Assets Total$85,000$85,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$13,375$0▼ $13,375
Other Liabilities$9,419$0▼ $9,419
Total Liabilities$22,794$0▼ $22,794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$945,051$990,416▲ $45,365
Total Net Assets Fund Balance$945,051$990,416▲ $45,365
Total Liabilities and Net Assets / Fund Balance$967,845$990,416▲ $22,571

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$85,000--
Closely Held Equity Interests$374,411--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arunkumar VenkatesanCEO/directorFT$74,667$3,273$77,940

Board Members and Trustees

NameTitle
Jasmin PatelChair
Jenny EverettDirector
Nadine FreemanDirector
Paul BasilDirector
Anand NarayanSecretary
Azad OommenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$743,517
Program Service Revenue
$1,296
Investment Income
$0
Other Revenue
$0
All Other Contributions
$743,517
Change in Net Assets
$45,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$429,964
Other Expenses$185,329
Salaries, Compensation, and Employee Benefits$84,155
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$429,964--$429,964
Fees for Services Other$106,816$26,704-$133,520
Current Officers, Directors, Trustees, and Key Employees$59,733$14,934-$74,667
Fees for Services Accounting-$18,119-$18,119
Fees for Services Legal-$12,858-$12,858
Advertising$12,338--$12,338
Information Technology$7,239--$7,239
Payroll Taxes$4,971$1,244-$6,215
Other Employee Benefits$2,618$655-$3,273
Other Expenses-$877-$877
Office Expenses-$378-$378
Total Functional Expenses$623,679$75,769$0$699,448
International Activity

International Summary

Offices
0
Employees
0
Spending
$804,375

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
Sub-saharan AfricaGrants-00$429,964
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Investments-00$374,411
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
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 B, Line 11B

Impact innovators and entrepreneurs foundation's (iief) form 990 is prepared with the assistance of an outside accounting firm. A copy of the completed form 990 is distributed electronically to members of the governing body prior to filing with the irs.

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

All members of the board of directors and officers are required to disclose any conflicts of interest by completing a questionnaire annually. If a conflict of interest is deemed to exist, it is the duty of the individuals to disclose such interest. This interest is to be recorded in the minutes of the meeting of the board and where the conflict concerns any board or committee member, the indivudal(s) shall not participate in any vote or deliberation on the matter.

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

The executive committee reviews the ceo/director's performance in connection with previously established goals along with accomplishments relative to current salary and market conditions. Based upon this review, the executive committee presents its assessment and recommended compensation adjustments to the board in executive session, for its approval. In addition, the board chair solicits comments on the ceo/director's performance from all board members. Based on all of the proceeding feedback, the board chair meets with the ceo/director for formal review, including presentation of salary adjustment.

Form 990, Part VI, Section C, Line 19

The organizations' governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Impact Innovators and Entrepreneurs
EIN
83-1851237
Phone
3038954411
Address
1533 SICILY DRIVE, LONGMONT, CO 80503

Signing Officer

Name
Anand Narayan
Title
Secretary
Phone
3038954411
Signed
2023-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anand Narayan
Formed
2017
Legal Domicile
De
Voting Board Members
7
Independent Board Members
6
Employees
1
Volunteers
5

Preparer

Firm
JOHNSON O'CONNOR FERON & CARUCCI LLP
Address
101 EDGEWATER DRIVE SUITE 210, WAKEFIELD, MA 01880
Preparer
Giso Joseph
Phone
7819143400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 106,816. Management and general expenses 26,704. Fundraising expenses 0. Total expenses 133,520.

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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/ScheduleBRequiredInd01
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IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt085000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt085000
IRS990ScheduleD/TotalBookValueSecuritiesAmt0374411
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0429964
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1374411
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0429964
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SUBAWARD
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0804375
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0SUBAWARD RECIPIENT IS REQUIRED TO PROVIDE PERIODIC REPORTING AS MANDATED BY THE GRANTOR. REPORTS REGARDING MILESTONES ACHIEVED ARE SUBMITTED TO IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION AND, SUBSEQUENTLY, TO THE GRANTOR. ALL GRANT TRANCHES ARE RELEASED, AFTER REVIEW, BASED ON MILESTONE COMPLETION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/Total501c3OrgCnt02
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0804375
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION'S (IIEF) FORM 990 IS PREPARED WITH THE ASSISTANCE OF AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE COMPLETED FORM 990 IS DISTRIBUTED ELECTRONICALLY TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST BY COMPLETING A QUESTIONNAIRE ANNUALLY. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST, IT IS THE DUTY OF THE INDIVIDUALS TO DISCLOSE SUCH INTEREST. THIS INTEREST IS TO BE RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD AND WHERE THE CONFLICT CONCERNS ANY BOARD OR COMMITTEE MEMBER, THE INDIVUDAL(S) SHALL NOT PARTICIPATE IN ANY VOTE OR DELIBERATION ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS THE CEO/DIRECTOR'S PERFORMANCE IN CONNECTION WITH PREVIOUSLY ESTABLISHED GOALS ALONG WITH ACCOMPLISHMENTS RELATIVE TO CURRENT SALARY AND MARKET CONDITIONS. BASED UPON THIS REVIEW, THE EXECUTIVE COMMITTEE PRESENTS ITS ASSESSMENT AND RECOMMENDED COMPENSATION ADJUSTMENTS TO THE BOARD IN EXECUTIVE SESSION, FOR ITS APPROVAL. IN ADDITION, THE BOARD CHAIR SOLICITS COMMENTS ON THE CEO/DIRECTOR'S PERFORMANCE FROM ALL BOARD MEMBERS. BASED ON ALL OF THE PROCEEDING FEEDBACK, THE BOARD CHAIR MEETS WITH THE CEO/DIRECTOR FOR FORMAL REVIEW, INCLUDING PRESENTATION OF SALARY ADJUSTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS' GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 106,816. MANAGEMENT AND GENERAL EXPENSES 26,704. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 133,520.
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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0967845
IRS990/TotalAssetsEOYAmt0990416
IRS990/TotalAssetsGrp/BOYAmt0967845
IRS990/TotalAssetsGrp/EOYAmt0990416
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0743517
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075769
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0623679
IRS990/TotalFunctionalExpensesGrp/TotalAmt0699448
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022794
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt022794
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0945051
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0990416
IRS990/TotalOtherCompensationAmt03273
IRS990/TotalProgramServiceExpensesAmt0623679
IRS990/TotalProgramServiceRevenueAmt01296
IRS990/TotalReportableCompFromOrgAmt074667
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01296
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0744813
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0967845
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0990416
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01533 SICILY DRIVE
IRS990/USAddress/CityNm0LONGMONT
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080503
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANAND NARAYAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03038954411
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMPACT INNOVATORS AND ENTREPRENEURS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IMPA
ReturnHeader/Filer/EIN0831851237
ReturnHeader/Filer/PhoneNum03038954411
ReturnHeader/Filer/USAddress/AddressLine1Txt01533 SICILY DRIVE
ReturnHeader/Filer/USAddress/CityNm0LONGMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203985546
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON O'CONNOR FERON & CARUCCI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 EDGEWATER DRIVE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAKEFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001880
ReturnHeader/PreparerPersonGrp/PhoneNum07819143400
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GISO JOSEPH
ReturnHeader/ReturnTs02023-09-29T08:35:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANAND
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NARAYAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

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