Civic Intelligence

Philanthropic Impact Foundation

990 • Fiscal year 2024 • EIN 86-2055661

Jan 01, 2024 to Dec 31, 2024 • Filed on May 28, 2025

Organization ProfileWWW.PHILANTHROPICIMPACTFOUNDATION.ORG
6339 Charlotte Pike Unit A129Franklin, TN 37209

(310) 666-9131

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$8,625

Down $3,913,601 (-100%) from 2022

Net Assets

Down

$0

Down $3,922,226 (-100%) from 2022

Liabilities

Up

$8,625

Up $8,625 from 2022

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin6th percentile

Revenue

Down

$17,676,907

Down $11,980,139 (-40%) from 2022

Expenses

Up

$26,845,175

Up $190,508 (+0.7%) from 2022

Net Income

Down

-$9,168,268

Down $12,170,647 (-405%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $919,847Liabilities 2021: $0Net Assets 2021: $919,8472021Assets 2022: $3,922,226Liabilities 2022: $0Net Assets 2022: $3,922,2262022Assets 2024: $8,625Liabilities 2024: $8,625Net Assets 2024: $02024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2024

Assets$8,625
Liabilities$8,625
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

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

$30M$20M$10M$0-$10MRevenue 2021: $18,241,201Expenses 2021: $17,321,354Net Income 2021: $919,8472021Revenue 2022: $29,657,046Expenses 2022: $26,654,667Net Income 2022: $3,002,3792022Revenue 2024: $17,676,907Expenses 2024: $26,845,175Net Income 2024: -$9,168,2682024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2024

Revenue$17,676,907
Expenses$26,845,175
Net Income-$9,168,268
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 28, 2025
Return Version
2024v5.1
Gross Receipts
$17,676,907
Mission and Program Overview

Mission

Philanthropic impact foundation is a 501(c)(3) charitable organization that provides a legal structure under which charitable programs may operate, acting as fiscal sponsor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$15,828--
Savings and Temporary Cash Investments$9,211,280$8,615▼ $9,202,665
Total Assets$9,227,108$8,625▼ $9,218,483
Other Assets Total$0$10▲ $10
Liabilities
Accounts Payable and Accrued Expenses$58,840$8,625▼ $50,215
Total Liabilities$58,840$8,625▼ $50,215
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,150,497$0▼ $9,150,497
Net Assets Without Donor Restrictions$17,771$0▼ $17,771
Total Net Assets Fund Balance$9,168,268$0▼ $9,168,268
Total Liabilities and Net Assets / Fund Balance$9,227,108$8,625▼ $9,218,483
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Kent E SetonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$17,408,452
Program Service Revenue
$0
Investment Income
$268,455
Other Revenue
$0
All Other Contributions
$17,408,452
Change in Net Assets
$-9,168,268

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,676,907
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$17,676,907
Total Revenue per Form 990
$17,676,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,038,595
Other Expenses$806,580
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,038,595--$26,038,595
Fees for Services Management-$686,090-$686,090
Occupancy-$8,852-$8,852
Insurance-$2,006-$2,006
Other Expenses-$-9-$-9
Total Functional Expenses$26,038,595$806,580$0$26,845,175

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,845,175
Total Expenses per Audited Statements$26,845,175
Total Expenses per Form 990$26,845,175
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Anonymous Philanthropy LLCFranklin, TN501(c)(3)To Provide Funding for Various Mission Related Programs.$18,583,874
Catalyst Philanthropy FundNashville, TN-To Provide Funding for Various Mission Related Programs.$5,557,721
Broad InstituteCambridge, MA-To Provide Funding for Various Mission Related Programs.$1,800,000
Articulus Entertainment IncManhattan Beach, CA501(c)(3)To Provide Funding for Various Mission Related Programs.$97,000
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$686,090

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$15,828--
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
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 Foundation
EIN
86-2055661
Phone
3106669131
Address
6339 CHARLOTTE PIKE UNIT A129, FRANKLIN, TN 37209

Signing Officer

Name
Kent E Seton
Title
Trustee
Phone
3106669131
Signed
2025-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent E Seton
Formed
2021
Legal Domicile
Tn
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
SERVATIUS O'BRIEN & FONG LLP
Address
2377 CRENSHAW BLVD SUITE 160, TORRANCE, CA 90501
Preparer
ROSS H O'BRIEN
Phone
3105399400
Raw XML Appendix380 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.
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IRS990ScheduleI/RecipientTable/USAddress/CityNm2CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3NASHVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037064
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd190266
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd202142
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd337215
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ROUTINELY REVIEWS EXPENSE REPORTS PROVIDED BY SPONSORED ORGANIZATIONS TO VALIDATE FUNDING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SETON & ASSOCIATES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY 35%+ CONTROLLED BY ORGANIZATION'S TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0686090
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ADMINISTRATION FEES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0KENT E SETON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REIMBURSABLE EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt015828
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0ORGANIZATION'S TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0APPOINTMENTS SHALL BE MADE BY THE TRUSTEE FOR THE TIME IN OFFICE BY WRITTEN INSTRUMENTS SIGNED AND ACKNOWLEDGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY CONSISTS OF THE SOLE TRUSTEE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY OBSERVATION OF THE POLICY BY THE SOLE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09227108
IRS990/TotalAssetsEOYAmt08625
IRS990/TotalAssetsGrp/BOYAmt09227108
IRS990/TotalAssetsGrp/EOYAmt08625
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017408452
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0806580
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt026038595
IRS990/TotalFunctionalExpensesGrp/TotalAmt026845175
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058840
IRS990/TotalLiabilitiesEOYAmt08625
IRS990/TotalLiabilitiesGrp/BOYAmt058840
IRS990/TotalLiabilitiesGrp/EOYAmt08625
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09168268
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt014219354
IRS990/TotalOtherProgSrvcGrantAmt014219354
IRS990/TotalProgramServiceExpensesAmt026038595
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0268455
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017676907
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09227108
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08625
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06339 CHARLOTTE PIKE UNIT A129
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037209
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.PHILANTHROPICIMPACTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KENT E SETON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03106669131
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHILANTHROPIC IMPACT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PHIL
ReturnHeader/Filer/EIN0862055661
ReturnHeader/Filer/PhoneNum03106669131
ReturnHeader/Filer/USAddress/AddressLine1Txt06339 CHARLOTTE PIKE UNIT A129
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037209
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455514068
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SERVATIUS O'BRIEN & FONG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02377 CRENSHAW BLVD SUITE 160
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TORRANCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090501
ReturnHeader/PreparerPersonGrp/PhoneNum03105399400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS H O'BRIEN
ReturnHeader/ReturnTs02025-05-28T16:54:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$8,625
Liabilities
$8,625
Net assets
$0
Revenue
$17,676,907
Expenses
$26,845,175
Net income
-$9,168,268
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$17.7$26.8$9.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.00$3.92$29.7$26.7$3.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.00$0.92$18.2$17.3$0.92