Civic Intelligence

Impetus Fund

990 • Fiscal year 2021 • EIN 85-1701143

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

Organization ProfileN/A
1200 G Street NW No 800Washington, DC 20005

(202) 661-2180

Siviq Scores

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

Liabilities / Assets

39th percentile

0.10x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.00x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Net Margin

27th percentile

1.0%

Higher net margin than 27% of similar nonprofits.

2021 filings • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

13th percentile

$2,512

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • $100M-$250M nonprofits • Source year 2021

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 / Assets39th percentile

Assets

$789,037

No earlier filing loaded for comparison.

Net Assets

$710,071

No earlier filing loaded for comparison.

Liabilities

$78,966

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin27th percentile

Revenue

$68,552,665

No earlier filing loaded for comparison.

Expenses

$67,842,594

No earlier filing loaded for comparison.

Net Income

$710,071

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2021

Assets$789,037
Liabilities$78,966
Net Assets$710,071
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$68,552,665
Expenses$67,842,594
Net Income$710,071
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$135,937,655
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
Savings and Temporary Cash Investments$0$503,437▲ $503,437
Cash and Non-Interest-Bearing Accounts$0$283,086▲ $283,086
Prepaid Expenses and Deferred Charges$0$2,514▲ $2,514
Total Assets$0$789,037▲ $789,037
Liabilities
Accounts Payable and Accrued Expenses$0$78,966▲ $78,966
Total Liabilities$0$78,966▲ $78,966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$709,571▲ $709,571
Net Assets With Donor Restrictions$0$500▲ $500
Total Net Assets Fund Balance$0$710,071▲ $710,071
Total Liabilities and Net Assets / Fund Balance$0$789,037▲ $789,037
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleBaseTotal
Saurabh GuptaGeneral Counsel$2,512$2,512

Board Members and Trustees

NameTitle
Ezra ReesePresident and Chair
Andrew SchulzSecretary
Shelley Waters BootsTreasurer (through 6/30/2021)

Highest Paid Contractors

ContractorServicesLocationCompensation
Arabella Advisors LLCAdministrative / Operational Services1828 L STREET NW SUITE 300, Washington, DC 20036$1,807,871
Revenue and Support

Revenue Composition

Contributions and Grants
$67,441,535
Program Service Revenue
$0
Investment Income
$-25,149
Other Revenue
$1,136,279
All Other Contributions
$67,441,535
Change in Net Assets
$710,071

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 Traded8$67,384,990Fair Market Value
Total Noncash Contributions8$67,384,990-

Audited Revenue Reconciliation

Revenue per Audited Statements
$68,552,665
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$68,552,665
Total Revenue per Form 990
$68,552,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$64,718,470
Other Expenses$3,121,612
Salaries, Compensation, and Employee Benefits$2,512
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$64,718,470--$64,718,470
Fees for Services Management-$2,690,056-$2,690,056
Fees for Services Other-$387,000-$387,000
Insurance-$21,495-$21,495
Information Technology-$10,666-$10,666
Other Expenses$6,561$607-$7,168
Fees for Services Legal-$3,888-$3,888
Current Officers, Directors, Trustees, and Key Employees-$2,512-$2,512
Occupancy-$1,339-$1,339
Total Functional Expenses$64,725,031$3,117,563$0$67,842,594

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$67,842,594
Total Expenses per Audited Statements$67,842,594
Total Expenses per Form 990$67,842,594
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Future Forward USA ActionWashington, DC501(c)(4)Civil Rights, Social Action, and Advocacy$55,851,537
Center for Voter InformationWashington, DC501(c)(4)Civil Rights, Social Action, and Advocacy$4,000,000
America VotesWashington, DC501(c)(4)Civil Rights, Social Action, and Advocacy$3,406,933
Vote Tripling Action FundWashington, DC501(c)(4)Civil Rights, Social Action, and Advocacy$510,000
AcronymWashington, DC501(c)(4)Civil Rights, Social Action, and Advocacy$500,000
Cooperative Impact LabBrooklyn, NY501(c)(4)Civil Rights, Social Action, and Advocacy$450,000
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 company with expertise in philanthropy and nonprofit management, to provide administrative support, accounting services, and legal guidance related to the fund's grantmaking and operations. Compensation paid to arabella advisors in exchange for these services totaled $2,690,056 during the fiscal year-ending june 30, 2021.”

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 NO 800, WASHINGTON, DC 20005

Signing Officer

Name
Ezra Reese
Title
President and Chair
Phone
2026612180
Signed
2022-05-13
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.”

Raw XML Appendix384 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt078966
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0IMPETUS 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.
IRS990/AllOtherContributionsAmt067441535
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ARABELLA ADVISORS
IRS990/BooksInCareOfDetail/PhoneNum02025951020
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01828 L STREET NW SUITE 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020036
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt0283086
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02512
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02512
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01807871
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01828 L STREET NW SUITE 300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WASHINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0DC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020036
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ARABELLA ADVISORS LLC
IRS990/ContractorCompensationGrp/ServicesDesc0ADMINISTRATIVE / OPERATIONAL SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt067441535
IRS990/CYGrantsAndSimilarPaidAmt064718470
IRS990/CYInvestmentIncomeAmt0-25149
IRS990/CYOtherExpensesAmt03121612
IRS990/CYOtherRevenueAmt01136279
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0710071
IRS990/CYSalariesCompEmpBnftPaidAmt02512
IRS990/CYTotalExpensesAmt067842594
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt068552665
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY - THE FUND AIMS TO ADVANCE A BROAD AGENDA OF IMPORTANT SOCIAL ISSUES USING GRANTMAKING, EDUCATION, ADVOCACY, GRASSROOTS ACTIVISM, CIVIC ENGAGEMENT, RESEARCH, LOBBYING, AND OTHER TACTICS AND STRATEGIES. THROUGH ITS EFFORTS, THE FUND'S VISION IS TO ACHIEVE A SOCIETY THAT BENEFITS EVERYONE.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0500
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt064725031
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03888
IRS990/FeesForServicesLegalGrp/TotalAmt03888
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02690056
IRS990/FeesForServicesManagementGrp/TotalAmt02690056
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0387000
IRS990/FeesForServicesOtherGrp/TotalAmt0387000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0EZRA REESE
IRS990/Form990PartVIISectionAGrp/PersonNm1SHELLEY WATERS BOOTS
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW SCHULZ
IRS990/Form990PartVIISectionAGrp/PersonNm3SAURABH GUPTA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt32512
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER (THROUGH 6/30/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3GENERAL COUNSEL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-25948
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt064718470
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt064718470
IRS990/GrantsToDomesticOrgsGrp/TotalAmt064718470
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt067359042
IRS990/GrossReceiptsAmt0135937655
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010666
IRS990/InformationTechnologyGrp/TotalAmt010666
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt021495
IRS990/InsuranceGrp/TotalAmt021495
IRS990/InvestmentIncomeGrp/ExclusionAmt0799
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0799
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt067384990
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE EXCLUSIVELY FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE, INCLUDING, BUT NOT LIMITED TO, PROVIDING PUBLIC EDUCATION, CONDUCTING ADVOCACY, AND ENCOURAGING CIVIC ENGAGEMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0710071
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-25948
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-25948
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0709571
IRS990/NoncashContributionsAmt067384990
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/ManagementAndGeneralAmt01339
IRS990/OccupancyGrp/TotalAmt01339
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0607
IRS990/OtherExpensesGrp/ProgramServicesAmt06561
IRS990/OtherExpensesGrp/TotalAmt07168
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01136279
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01136279
IRS990/OtherRevenueTotalAmt01136279
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02514
IRS990/PrincipalOfficerNm0EZRA REESE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/ReconcilationRevenueExpnssAmt0710071
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0503437
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/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt067842594
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt068552665
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/TotalExpensesPerForm990Amt067842594
IRS990ScheduleD/TotalRevenuePerForm990Amt068552665
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt068552665
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt067842594
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0500000
IRS990ScheduleI/RecipientTable/CashGrantAmt13406933
IRS990ScheduleI/RecipientTable/CashGrantAmt24000000
IRS990ScheduleI/RecipientTable/CashGrantAmt3450000
IRS990ScheduleI/RecipientTable/CashGrantAmt455851537
IRS990ScheduleI/RecipientTable/CashGrantAmt5510000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(4)
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/PurposeOfGrantTxt0CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ACRONYM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1AMERICA VOTES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CENTER FOR VOTER INFORMATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3COOPERATIVE IMPACT LAB
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4FUTURE FORWARD USA ACTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5VOTE TRIPLING ACTION FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0821630469
IRS990ScheduleI/RecipientTable/RecipientEIN1264568349
IRS990ScheduleI/RecipientTable/RecipientEIN2030554750
IRS990ScheduleI/RecipientTable/RecipientEIN3831002641
IRS990ScheduleI/RecipientTable/RecipientEIN4824170762
IRS990ScheduleI/RecipientTable/RecipientEIN5843996441
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01400 L ST NW UNIT 34728
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11155 CONNECTICUT AVE NW SUITE 600
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21707 L STREET NW 950
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3315 FLATBUSH AVENUE 304
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4611 PENNSYLVANIA AVE SE SUITE 143
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5611 PENNSYLVANIA AVE SE SUITE 143
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/CityNm4WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020005
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd120036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd220036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd311217
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd420003
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd520003
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/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt06
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt08
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt067384990
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS CONTRIBUTED (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 COMPANY WITH EXPERTISE IN PHILANTHROPY AND NONPROFIT MANAGEMENT, TO PROVIDE ADMINISTRATIVE SUPPORT, ACCOUNTING SERVICES, AND LEGAL GUIDANCE RELATED TO THE FUND'S GRANTMAKING AND OPERATIONS. COMPENSATION PAID TO ARABELLA ADVISORS IN EXCHANGE FOR THESE SERVICES TOTALED $2,690,056 DURING THE FISCAL YEAR-ENDING JUNE 30, 2021.
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/TotalAssetsEOYAmt0789037
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0789037
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt067441535
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03117563
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064725031
IRS990/TotalFunctionalExpensesGrp/TotalAmt067842594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt078966
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt078966
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0710071
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt064725031
IRS990/TotalReportableCompFromOrgAmt02512
IRS990/TotalRevenueGrp/ExclusionAmt01111130
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068552665
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0789037
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 G STREET NW NO 800
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020005
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EZRA REESE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02026612180
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMPETUS FUND
ReturnHeader/Filer/BusinessNameControlTxt0IMPE
ReturnHeader/Filer/EIN0851701143
ReturnHeader/Filer/PhoneNum02026612180
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 G STREET NW NO 800
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020005
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910189318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSS ADAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SECOND STREET SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094105
ReturnHeader/PreparerPersonGrp/PhoneNum04159561500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL LUMSDEN
ReturnHeader/ReturnTs02022-05-13T16:42:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EZRA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0REESE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$789,037
Liabilities
$78,966
Net assets
$710,071
Revenue
$68,552,665
Expenses
$67,842,594
Net income
$710,071
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