Civic Intelligence

Philanthropic Impact Fund

990 • Fiscal year 2020 • EIN 83-1905906

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
9461 Charleville Blvd Suite 293Beverly Hills, CA 90212

(310) 557-1923

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$112,500

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

99th percentile

561%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

457%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$7,047,547

Up $5,981,210 (+561%) from 2019

Net Assets

Up

$7,047,547

Up $5,981,210 (+561%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin88th percentile

Revenue

Up

$14,158,593

Up $11,615,225 (+457%) from 2019

Expenses

Up

$8,177,383

Up $6,646,182 (+434%) from 2019

Net Income

Up

$5,981,210

Up $4,969,043 (+491%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $53,800Liabilities 2018: $0Net Assets 2018: $53,8002018Assets 2019: $1,066,337Liabilities 2019: $0Net Assets 2019: $1,066,3372019Assets 2020: $7,047,547Liabilities 2020: $0Net Assets 2020: $7,047,5472020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$7,047,547
Liabilities$0
Net Assets$7,047,547
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$20M$10M$0-$10MRevenue 2018: $298,750Expenses 2018: $244,950Net Income 2018: $53,8002018Revenue 2019: $2,543,368Expenses 2019: $1,531,201Net Income 2019: $1,012,1672019Revenue 2020: $14,158,593Expenses 2020: $8,177,383Net Income 2020: $5,981,2102020Revenue 2021: $3,313,525Expenses 2021: $10,361,072Net Income 2021: -$7,047,5472021

Highlighted filing

2020

Revenue$14,158,593
Expenses$8,177,383
Net Income$5,981,210
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$14,158,593
Mission and Program Overview

Mission

Philanthropic impact fund is a california charitable trust organized and operated exclusively for charitable purposes. The specific purpose of this organization is to operate (a) a fiscal sponsorship umbrella to undertake charitable projects and (b) to also operate a donor advised fund in advancement of charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,066,337$7,047,547▲ $5,981,210
Rtn Earn Endowment Incm Other Fnds$1,066,337$7,047,547▲ $5,981,210
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,066,337$7,047,547▲ $5,981,210
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,066,337$7,047,547▲ $5,981,210
Total Liabilities and Net Assets / Fund Balance$1,066,337$7,047,547▲ $5,981,210
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kent E SetonTrusteePT$112,500$112,500
Revenue and Support

Revenue Composition

Contributions and Grants
$14,158,593
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,158,593
Change in Net Assets
$5,981,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,158,593
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$14,158,593
Total Revenue per Form 990
$14,158,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,925,752
Other Expenses$132,504
Salaries, Compensation, and Employee Benefits$119,127
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,925,752--$7,925,752
Fees for Services Other-$125,908-$125,908
Current Officers, Directors, Trustees, and Key Employees-$112,500-$112,500
Other Salaries and Wages-$5,914-$5,914
Fees for Services Accounting-$3,000-$3,000
Fees for Services Legal-$2,300-$2,300
Insurance-$1,064-$1,064
Payroll Taxes-$713-$713
Other Expenses-$82-$82
Total Functional Expenses$7,925,752$251,631$0$8,177,383

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,177,383
Total Expenses per Audited Statements$8,177,383
Total Expenses per Form 990$8,177,383
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Anonymous Philanthropy LLCLaguna Hills, CA501(c)(3)To Provide Funding for Various Mission Related Programs.$6,952,702
Silver Maple Marketing LLCLaguna Hills, CA-To Provide Funding for Various Mission Related Programs.$450,000
Ternberry Court Consulting LLCLaguna Hills, CA-To Provide Funding for Various Mission Related Programs.$250,000
Articulus EntertainmentManhattan Beach, CA-To Provide Funding for Various Mission Related Programs.$242,500
Global Wildlife ConservationAustin, TX-To Provide Funding for Various Mission Related Programs.$25,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY 35%+ CONTROLLED BY ORGANIZATION'S TRUSTEEAdministration FeesNo$124,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
No
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 7A

“Appointments shall be made by the trustee for the time in office by written instruments signed and acknowledged.”

Form 990, Part VI, Section A, Line 8A

“The governing body consists of the sole trustee of the organization.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have a committee with authority to act on behalf of the governing body.”

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

“A copy of form 990 was provided to the organization's governing body before it was filed.”

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

“Compliance with the conflict of interest policy is monitored and enforced by observation of the policy by the sole trustee.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Philanthropic Impact Fund
EIN
83-1905906
Phone
3105571923
Address
9461 CHARLEVILLE BLVD SUITE 293, BEVERLY HILLS, CA 90212

Signing Officer

Name
Kent Seton
Title
Trustee
Phone
3105571923
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Seton
Formed
2018
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
1
Employees
1
Volunteers
0

Preparer

Firm
SERVATIUS O'BRIEN & FONG LLP
Address
2377 CRENSHAW BLVD SUITE 320, TORRANCE, CA 90501
Preparer
ROSS H O'BRIEN
Phone
3105399400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“The organization undertook two significant program services in 2020 which were not reported on the organization's 2019 form 990. Descriptions of these program services are reported on form 990, part iii, lines 4b and 4c.”

Raw XML Appendix371 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO PROVIDE FUNDING FOR VARIOUS MISSION RELATED PROGRAMS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ANONYMOUS PHILANTHROPY LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TERNBERRY COURT CONSULTING LLC
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4ARTICULUS ENTERTAINMENT
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092653
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd192653
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd292653
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd378767
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ROUTINELY REVIEWS EXPENSE REPORTS PROVIDED BY SPONSORED ORGNANIZATIONS TO VALIDATE FUNDING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleI/TotalOtherOrgCnt04
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY 35%+ CONTROLLED BY ORGANIZATION'S TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ADMINISTRATION FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UNDERTOOK TWO SIGNIFICANT PROGRAM SERVICES IN 2020 WHICH WERE NOT REPORTED ON THE ORGANIZATION'S 2019 FORM 990. DESCRIPTIONS OF THESE PROGRAM SERVICES ARE REPORTED ON FORM 990, PART III, LINES 4B AND 4C.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1APPOINTMENTS SHALL BE MADE BY THE TRUSTEE FOR THE TIME IN OFFICE BY WRITTEN INSTRUMENTS SIGNED AND ACKNOWLEDGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY CONSISTS OF THE SOLE TRUSTEE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY OBSERVATION OF THE POLICY BY THE SOLE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt07047547
IRS990/TotalAssetsGrp/BOYAmt01066337
IRS990/TotalAssetsGrp/EOYAmt07047547
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014158593
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0251631
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07925752
IRS990/TotalFunctionalExpensesGrp/TotalAmt08177383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01066337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07047547
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt025000
IRS990/TotalOtherProgSrvcGrantAmt025000
IRS990/TotalProgramServiceExpensesAmt07925752
IRS990/TotalReportableCompFromOrgAmt0112500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014158593
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01066337
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07047547
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BEVERLY HILLS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090212
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KENT SETON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03105571923
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHILANTHROPIC IMPACT FUND
ReturnHeader/Filer/BusinessNameControlTxt0PHIL
ReturnHeader/Filer/EIN0831905906
ReturnHeader/Filer/PhoneNum03105571923
ReturnHeader/Filer/USAddress/AddressLine1Txt09461 CHARLEVILLE BLVD SUITE 293
ReturnHeader/Filer/USAddress/CityNm0BEVERLY HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455514068
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SERVATIUS O'BRIEN & FONG LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TORRANCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090501
ReturnHeader/PreparerPersonGrp/PhoneNum03105399400
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS H O'BRIEN
ReturnHeader/ReturnTs02021-11-15T18:42:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KENT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SETON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,047,547
Liabilities
$0
Net assets
$7,047,547
Revenue
$14,158,593
Expenses
$8,177,383
Net income
$5,981,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.31$10.4$7.05
2020Detailed filing. Detailed filing data is available for this year.$7.05$0.00$7.05$14.2$8.18$5.98
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$2.54$1.53$1.01
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.30$0.24$0.05