Civic Intelligence

Impetus Fund

EIN 85-1701143 • 501(c)4 • Washington, DC

Profile

To operate exclusively for the purpose of promoting social welfare, including, but not limited to, providing public education, conducting advocacy, and encouraging civic engagement.

1200 G Street NW 800Washington, DC 20005

www.impetusfund.org

Siviq Scores

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

Liabilities / Assets

34th percentile

0.10x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2021

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$16,425,841

Up $13,759,094 (+516%) from 2023

Liabilities

Up

$1,240,816

Up $1,151,986 (+1297%) from 2023

Net Assets

Up

$15,185,025

Up $12,607,108 (+489%) from 2023

Operations
Liabilities / Revenue8th percentileNet Margin43rd percentile

Revenue

Up

$20,178,878

Up $16,353,196 (+427%) from 2023

Expenses

Up

$7,571,770

Up $5,007,905 (+195%) from 2023

Net Income

Up

$12,607,108

Up $11,345,291 (+899%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Assets 2021: $789,037Liabilities 2021: $78,966Net Assets 2021: $710,0712021Assets 2022: $1,330,441Liabilities 2022: $14,341Net Assets 2022: $1,316,1002022Assets 2023: $2,666,747Liabilities 2023: $88,830Net Assets 2023: $2,577,9172023Assets 2024: $16,425,841Liabilities 2024: $1,240,816Net Assets 2024: $15,185,0252024

Highlighted filing

2024

Assets$16,425,841
Liabilities$1,240,816
Net Assets$15,185,025
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0Revenue 2021: $68,552,665Expenses 2021: $67,842,594Net Income 2021: $710,0712021Revenue 2022: $2,327,145Expenses 2022: $1,721,116Net Income 2022: $606,0292022Revenue 2023: $3,825,682Expenses 2023: $2,563,865Net Income 2023: $1,261,8172023Revenue 2024: $20,178,878Expenses 2024: $7,571,770Net Income 2024: $12,607,1082024

Highlighted filing

2024

Revenue$20,178,878
Expenses$7,571,770
Net Income$12,607,108
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,425,841
Liabilities
$1,240,816
Net assets
$15,185,025
Revenue
$20,178,878
Expenses
$7,571,770
Net income
$12,607,108
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.4$1.24$15.2$20.2$7.57$12.6
2023Detailed filing. Detailed filing data is available for this year.$2.67$0.09$2.58$3.83$2.56$1.26
2022Detailed filing. Detailed filing data is available for this year.$1.33$0.01$1.32$2.33$1.72$0.61
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.08$0.71$68.6$67.8$0.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$31,361,458
Mission and Program Overview

Mission

To operate exclusively for the purpose of promoting social welfare, including, but not limited to, providing public education, conducting advocacy, and encouraging civic engagement.

Impetus fund (the "fund") is a 501(c)(4) social welfare organization dedicated to promoting the common good, improving the well-being of communities, and strengthening society at-large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$8,701,694▲ $8,701,694
Cash and Non-Interest-Bearing Accounts$1,858,481$7,720,615▲ $5,862,134
Savings and Temporary Cash Investments$805,608$0▼ $805,608
Prepaid Expenses and Deferred Charges$2,658$3,532▲ $874
Total Assets$2,666,747$16,425,841▲ $13,759,094
Liabilities
Grants Payable$0$1,100,000▲ $1,100,000
Accounts Payable and Accrued Expenses$88,830$140,816▲ $51,986
Total Liabilities$88,830$1,240,816▲ $1,151,986
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,930,138$14,476,383▲ $12,546,245
Net Assets Without Donor Restrictions$647,779$708,642▲ $60,863
Total Net Assets Fund Balance$2,577,917$15,185,025▲ $12,607,108
Total Liabilities and Net Assets / Fund Balance$2,666,747$16,425,841▲ $13,759,094
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Saurabh GuptaGeneral Counsel (through 4/2024)$6,320$6,320

Board Members and Trustees

NameTitle
Ezra ReesePresident and Chair
Andrew SchulzSecretary
Falona JoyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Arabella Advisors LLCAdmin. & Operational Support Services1828 L ST NW SUITE 300, Washington, DC 20036$183,786
Alexander Borovicka & O'shea Govt SolutiConsulting ServicesPO BOX 443, Chicago, IL 60690$120,150
Revenue and Support

Revenue Composition

Contributions and Grants
$19,884,274
Program Service Revenue
$0
Investment Income
$211,370
Other Revenue
$83,234
All Other Contributions
$19,884,274
Change in Net Assets
$12,607,108

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$11,182,580Fair Market Value
Total Noncash Contributions2$11,182,580-

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,178,878
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$20,178,878
Total Revenue per Form 990
$20,178,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,017,460
Other Expenses$547,990
Salaries, Compensation, and Employee Benefits$6,320
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,017,460--$7,017,460
Fees for Services Management-$332,939-$332,939
Fees for Services Lobbying$120,000--$120,000
Fees for Services Other-$45,000-$45,000
Fees for Services Accounting-$31,900-$31,900
Insurance-$9,580-$9,580
Current Officers, Directors, Trustees, and Key Employees-$6,320-$6,320
Other Expenses$5,718$70-$5,788
Occupancy-$1,408-$1,408
Fees for Services Legal-$1,035-$1,035
Information Technology-$340-$340
Total Functional Expenses$7,143,178$428,592$0$7,571,770

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,571,770
Total Expenses per Audited Statements$7,571,770
Total Expenses per Form 990$7,571,770
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Workmoney IncMilwaukee, WI501(c)(4)Civil Rights, Social Action, Advocacy$3,000,000
North FundWashington, DC501(c)(4)Civil Rights, Social Action, Advocacy$1,100,000
Defending Democracy TogetherWashington, DC501(c)(4)Civil Rights, Social Action, Advocacy$1,000,000
Future Forward USA ActionWashington, DC501(c)(4)Civil Rights, Social Action, Advocacy$1,000,000
Family Friendly Action FundConcord, NH501(c)(4)Civil Rights, Social Action, Advocacy$500,000
Fair DemocracyWashington, DC501(c)(4)Civil Rights, Social Action, Advocacy$250,000
The Act Now ProjectCovina, CA501(c)(4)Civil Rights, Social Action, Advocacy$111,000
Center for Voter InformationWashington, DC501(c)(4)Civil Rights, Social Action, Advocacy$46,460
Adler UniversityChicago, IL501(c)(3)Civil Rights, Social Action, Advocacy$10,000
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Impetus fund contracts with arabella advisors, a professional services firm that supports philanthropists, impact investors, and nonprofit organizations, to provide administrative support, accounting services, and compliance guidance related to the fund's grantmaking and operations. Compensation paid to arabella advisors in exchange for these services totaled $332,939 during the fiscal year-ending june 30, 2024.”

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

“The form 990 is prepared by an independent tax accountant and reviewed by the organization's legal counsel and board of directors prior to filing with the internal revenue service.”

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

“All board members are required to disclose conflicts of interest. The policy is monitored at the board level. Covered individuals cannot vote on matters before the board when they have a conflict in the matter. Disinterested members must determine whether or not there are any suitable alternatives to potential transactions that cause conflict. If a covered person is found in violation of this policy, it may be cause for removal from the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, financial statements, and conflict of interest policy are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Impetus Fund
EIN
85-1701143
Phone
2026612180
Address
1200 G STREET NW 800, WASHINGTON, DC 20005

Signing Officer

Name
Andrew Schulz
Title
Secretary
Phone
2026612180
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ezra Reese
Formed
2020
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Moss Adams Llp
Address
101 SECOND STREET SUITE 900, SAN FRANCISCO, CA 94105
Preparer
Michael Lumsden
Phone
4159561500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The fund is exempt from federal income tax under section 501(a) of the internal revenue code as an organization described in section 501(c)(4). The internal revenue service recognizes the fund's status as a social welfare organization. The fund's income tax returns are subject to review and examination by federal and state authorities. The fund is not aware of any activities that would jeopardize its tax-exempt status. The fund does not have any material uncertain tax positions. The fund files informational tax returns in the u.s. Federal and state jurisdictions.”

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07571770
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt020178878
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4). THE INTERNAL REVENUE SERVICE RECOGNIZES THE FUND'S STATUS AS A SOCIAL WELFARE ORGANIZATION. THE FUND'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FUND IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE FUND DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS. THE FUND FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt07571770
IRS990ScheduleD/TotalRevenuePerForm990Amt020178878
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020178878
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07571770
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt146460
IRS990ScheduleI/RecipientTable/CashGrantAmt21000000
IRS990ScheduleI/RecipientTable/CashGrantAmt3250000
IRS990ScheduleI/RecipientTable/CashGrantAmt4500000
IRS990ScheduleI/RecipientTable/CashGrantAmt51000000
IRS990ScheduleI/RecipientTable/CashGrantAmt61100000
IRS990ScheduleI/RecipientTable/CashGrantAmt7111000
IRS990ScheduleI/RecipientTable/CashGrantAmt83000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(4)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(4)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ADLER UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CENTER FOR VOTER INFORMATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DEFENDING DEMOCRACY TOGETHER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3FAIR DEMOCRACY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4FAMILY FRIENDLY ACTION FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FUTURE FORWARD USA ACTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6NORTH FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7THE ACT NOW PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8WORKMONEY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0362515281
IRS990ScheduleI/RecipientTable/RecipientEIN1030554750
IRS990ScheduleI/RecipientTable/RecipientEIN2823877328
IRS990ScheduleI/RecipientTable/RecipientEIN3822747849
IRS990ScheduleI/RecipientTable/RecipientEIN4831806898
IRS990ScheduleI/RecipientTable/RecipientEIN5824170762
IRS990ScheduleI/RecipientTable/RecipientEIN6834011547
IRS990ScheduleI/RecipientTable/RecipientEIN7922517254
IRS990ScheduleI/RecipientTable/RecipientEIN8850604101
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt017 N DEARBORN STREET 15TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11707 L STREET NW SUITE 300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21100 VERMONT AVENUE NW 10TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3918 PENNSYLVANIA AVENUE SE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4114 NORTH MAIN STREET SUITE 201
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5611 PENNSYLVANIA AVENUE SE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61828 L STREET NW SUITE 300-F
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7440 N BARRANCA AVENUE SUITE 6683
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8790 N MILWAUKEE STREET SUITE 300
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4CONCORD
IRS990ScheduleI/RecipientTable/USAddress/CityNm5WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm7COVINA
IRS990ScheduleI/RecipientTable/USAddress/CityNm8MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060602
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd120036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd220005
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd320003
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd403301
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd520003
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd620036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd791723
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd853202
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IMPETUS FUND REQUIRES A WRITTEN GRANT APPLICATION STATING THE PURPOSE FOR THE USE OF FUNDS. GRANTS ARE ISSUED IF, AFTER THE REVIEW AND EVALUATION OF THE APPLICATION, THE USE MEETS THE NECESSARY REQUIREMENTS. FUNDS MAY NOT BE USED TO SUPPORT OR OPPOSE ANY CANDIDATE FOR PUBLIC OFFICE OR TO ENGAGE IN ANY POLITICAL ACTIVITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt08
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt011182580
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED (DEFINED AS EACH SEPARATE GIFT, RATHER THAN EACH SHARE RECEIVED).
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMPETUS FUND CONTRACTS WITH ARABELLA ADVISORS, A PROFESSIONAL SERVICES FIRM THAT SUPPORTS PHILANTHROPISTS, IMPACT INVESTORS, AND NONPROFIT ORGANIZATIONS, TO PROVIDE ADMINISTRATIVE SUPPORT, ACCOUNTING SERVICES, AND COMPLIANCE GUIDANCE RELATED TO THE FUND'S GRANTMAKING AND OPERATIONS. COMPENSATION PAID TO ARABELLA ADVISORS IN EXCHANGE FOR THESE SERVICES TOTALED $332,939 DURING THE FISCAL YEAR-ENDING JUNE 30, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT AND REVIEWED BY THE ORGANIZATION'S LEGAL COUNSEL AND BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST. THE POLICY IS MONITORED AT THE BOARD LEVEL. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND IN VIOLATION OF THIS POLICY, IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02666747
IRS990/TotalAssetsEOYAmt016425841
IRS990/TotalAssetsGrp/BOYAmt02666747
IRS990/TotalAssetsGrp/EOYAmt016425841
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt019884274
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0428592
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07143178
IRS990/TotalFunctionalExpensesGrp/TotalAmt07571770
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088830
IRS990/TotalLiabilitiesEOYAmt01240816
IRS990/TotalLiabilitiesGrp/BOYAmt088830
IRS990/TotalLiabilitiesGrp/EOYAmt01240816
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02577917
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015185025
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt07143178
IRS990/TotalReportableCompFromOrgAmt06320
IRS990/TotalRevenueGrp/ExclusionAmt0294604
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00

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