Civic Intelligence

Impact Labs Foundation Inc

EIN 84-3851585 • 501(c)3 • New York, NY

990-N Coverage

Profile

ImpactLabsprovidesgreateraccesstoopportunitiesattheintersectionoftechnologyandsocialgood.Weconnectstudentsto seasonedsocialentrepreneurs,meaningfulcareeropportunities,andcapitaltohelpignitetheirideas.

173west78thstreetapt8fNew York, NY 10024

www.impactlabs.io

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

6th percentile

-211%

Higher net margin than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$41,250

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 37.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

13th percentile

-84%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-73%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$43,619

Down $231,842 (-84%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$43,619

Down $231,842 (-84%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin6th percentile

Revenue

Down

$109,898

Down $294,962 (-73%) from 2022

Expenses

Up

$341,740

Up $212,341 (+164%) from 2022

Net Income

Down

-$231,842

Down $507,303 (-184%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2022: $275,461Liabilities 2022: $0Net Assets 2022: $275,4612022Assets 2023: $43,619Net Assets 2023: $43,6192023

Highlighted filing

2023

Assets$43,619
Liabilities-
Net Assets$43,619
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2022: $404,860Expenses 2022: $129,399Net Income 2022: $275,4612022Revenue 2023: $109,898Expenses 2023: $341,740Net Income 2023: -$231,8422023

Highlighted filing

2023

Revenue$109,898
Expenses$341,740
Net Income-$231,842
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$43,619
Liabilities
-
Net assets
$43,619
Revenue
$109,898
Expenses
$341,740
Net income
-$231,842
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.44$1.10$3.42$2.32
2022Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$4.05$1.29$2.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 17, 2024
Return Version
2023v5.1
Gross Receipts
$109,898
Mission and Program Overview

Mission

ImpactLabsprovidesgreateraccesstoopportunitiesattheintersectionoftechnologyandsocialgood.Weconnectstudentsto seasonedsocialentrepreneurs,meaningfulcareeropportunities,andcapitaltohelpignitetheirideas.

Program Services

DescriptionGrantsExpenses
Held a gathering of talented and passionate students and technologists from around the world to connect with one another, hear from expert speakers, learn new skills, and discover high impact opportunities.$216,353$0
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
AaronMayerDirectorFT$41,250-$41,250
EllieCzepielDirectorFT$33,654-$33,654
AdiMelamedDirector-$0--
Governance and Compliance

Governance Explanations

Form 990, Part VI, Line 11

“Officer reviews Form 990 before filing.”

Form 990, Part VI, Line 18

“Form 990 is provided upon request.”

Form 990, Part VI, Line 19

“Governing documents are made available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Impact Labs Foundation Inc
EIN
84-3851585
Address
173WEST78THSTREETAPT8F, New York, NY 10024

Signing Officer

Name
Aaron
Title
President
Phone
8438457875
Signed
2024-07-17
Discuss with paid preparer
No

Preparer

Firm
Sophos Financial Solutions
Address
507 Lees Lake Rd, Fayetteville, GA 30214
Preparer
Casey Deyton
Phone
8438457875
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 16

“Event, occupancy, and travel expenses ($216,353)”

Raw XML Appendix198 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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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990EZ/OtherEmployeePaidOver100kCnt00
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0341740
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0109898
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
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IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0109898
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0404913
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0514811
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Event, occupancy, and travel expenses ($216,353)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officer reviews Form 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are made available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08438457875
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Impact Labs Foundation Inc
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ReturnHeader/Filer/EIN0843851585
ReturnHeader/Filer/USAddress/AddressLine1Txt0173WEST78THSTREETAPT8F
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010024
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0881911400
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0507 Lees Lake Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fayetteville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030214
ReturnHeader/PreparerPersonGrp/PhoneNum08438457875
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Casey Deyton
ReturnHeader/ReturnTs02024-09-04T19:35:22-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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