Civic Intelligence

Impact Arts Inc.

990 • Fiscal year 2023 • EIN 85-3665317

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 15, 2025

6700 Lexington RoadAustin, TX 78757

(512) 797-2392

Siviq Scores

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

Liabilities / Assets

84th percentile

0.18x

Higher debt load relative to assets than 84% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

38th percentile

-1.8%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

84th percentile

$17,500

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

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

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

75th percentile

37%

Faster revenue growth than 75% of similar nonprofits.

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

Assets

Down

$17,999

Down $4,303 (-19%) from 2022

Net Assets

Down

$14,686

Down $6,141 (-29%) from 2022

Liabilities

Up

$3,313

Up $1,838 (+125%) from 2022

Revenue

Up

$350,870

Up $94,066 (+37%) from 2022

Expenses

Up

$357,011

Up $77,840 (+28%) from 2022

Net Income

Up

-$6,141

Up $16,226 (+73%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2021: $45,075Liabilities 2021: $1,881Net Assets 2021: $43,1942021Assets 2022: $22,302Liabilities 2022: $1,475Net Assets 2022: $20,8272022Assets 2023: $17,999Liabilities 2023: $3,313Net Assets 2023: $14,6862023Assets 2024: $74,690Liabilities 2024: $2,895Net Assets 2024: $71,7952024

Highlighted filing

2023

Assets$17,999
Liabilities$3,313
Net Assets$14,686

Operations Trend

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

$400K$200K$0-$200KRevenue 2021: $267,009Expenses 2021: $223,815Net Income 2021: $43,1942021Revenue 2022: $256,804Expenses 2022: $279,171Net Income 2022: -$22,3672022Revenue 2023: $350,870Expenses 2023: $357,011Net Income 2023: -$6,1412023Revenue 2024: $388,507Expenses 2024: $331,398Net Income 2024: $57,1092024

Highlighted filing

2023

Revenue$350,870
Expenses$357,011
Net Income-$6,141
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$350,870
Mission and Program Overview

Mission

Impact Arts is committed to lifelong learning. We create experiences that impact students, audiences, and communities. We believe in quality arts training and mentorship; we believe in work that surprises, inspires, and entertains audiences.

Impact Artss mission is to transform our community through accessible arts education and outstanding artistic experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,302$17,999▼ $4,303
Total Assets$22,302$17,999▼ $4,303
Liabilities
Accounts Payable and Accrued Expenses$1,475$3,313▲ $1,838
Total Liabilities$1,475$3,313▲ $1,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,827$14,686▼ $6,141
Total Net Assets Fund Balance$20,827$14,686▼ $6,141
Total Liabilities and Net Assets / Fund Balance$22,302$17,999▼ $4,303
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Donelvan ThigpenChief Operating OfficerPT$17,500$17,500

Board Members and Trustees

NameTitle
Ginger MorrisChief Executive Officer
Victor VillalobosChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,128
Program Service Revenue
$201,532
Investment Income
$0
Other Revenue
$33,210
All Other Contributions
$116,128
Change in Net Assets
$-6,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$357,011
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$233,592--$233,592
Other Expenses$33,547$220-$33,547
Royalties$24,492--$24,492
Advertising$7,875--$7,875
Conferences and Meetings$2,700--$2,700
Office Expenses$1,823$393-$2,216
Travel$2,080--$2,080
Information Technology-$228-$228
Total Functional Expenses$356,170$841$0$357,011
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
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
Yes
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 governing body review Part VI line 11

The Board of Directors of Impact Arts has convened in session with full attendance to review the Form 990 for tax year 2023. All directors have reviewed each line item of the Form 990 and asked questions, as applicable.

Conflict of interest policy compliance Part VI line 12C

The Board of Directors actively reviews in advance any relationships or transactions where any one director may have a conflict of interest.

CEO executive director top management comp Part VI line 15A

The Board of Directors evaluates from time to time the need and ability of the organization to retain a paid Executive Director. For calendar year 2023, the Board of Directors has determined such position is not necessary, and the strategic guidance and operational execution of the organizations goals will remain with the Board.

Other officer or key employee compensation Part VI line 15B

The Board of Directors evaluates from time to time the need and ability of the organization to retain other paid executive officers or key employees. For calendar year 2023, the Board of Directors has determined such full-time positions are not necessary, and the strategic guidance and operational execution of the organizations goals will remain with the Board. Any compensation renumerated is for professional services rendered to the organization and is unrelated to any services performed for Board responsibilities.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents available for public inspection by request. Relevant organizational documents are published on our website for public viewing, once approved by the Board of Directors.

Filing and Contact Details

Filer

Filer Name
Impact Arts Inc
EIN
85-3665317
Address
6700 LEXINGTON ROAD, Austin, TX 78757

Signing Officer

Name
Ginger Morris
Title
Chief Executive
Signed
2025-01-15
Discuss with paid preparer
No

Organization Details

Formed
2020
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
25

Preparer

Firm
The Financial Interior LLP
Address
PO BOX 82189, Austin, TX 78708
Preparer
Victor Villalobos CPA
Phone
5129001826
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Line 11g - third-party venue services - $99,447line 11g - program contractor services - $52,301line 11g - program production services - $69,294line 11g - program apprenticeships - $12,550

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors of Impact Arts has convened in session with full attendance to review the Form 990 for tax year 2023. All directors have reviewed each line item of the Form 990 and asked questions, as applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors actively reviews in advance any relationships or transactions where any one director may have a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors evaluates from time to time the need and ability of the organization to retain a paid Executive Director. For calendar year 2023, the Board of Directors has determined such position is not necessary, and the strategic guidance and operational execution of the organizations goals will remain with the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors evaluates from time to time the need and ability of the organization to retain other paid executive officers or key employees. For calendar year 2023, the Board of Directors has determined such full-time positions are not necessary, and the strategic guidance and operational execution of the organizations goals will remain with the Board. Any compensation renumerated is for professional services rendered to the organization and is unrelated to any services performed for Board responsibilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents available for public inspection by request. Relevant organizational documents are published on our website for public viewing, once approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 11G - THIRD-PARTY VENUE SERVICES - $99,447LINE 11G - PROGRAM CONTRACTOR SERVICES - $52,301LINE 11G - PROGRAM PRODUCTION SERVICES - $69,294LINE 11G - PROGRAM APPRENTICESHIPS - $12,550
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMPACT ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0IMPA
ReturnHeader/Filer/EIN0853665317
ReturnHeader/Filer/USAddress/AddressLine1Txt06700 LEXINGTON ROAD
ReturnHeader/Filer/USAddress/CityNm0Austin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078757
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853547025
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Financial Interior LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 82189
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Austin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078708
ReturnHeader/PreparerPersonGrp/PhoneNum05129001826
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Victor Villalobos CPA
ReturnHeader/ReturnTs02025-01-22T16:56:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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