Civic Intelligence

Community Impact Inc

EIN 87-2724435 • 501(c)4 • Sheridan, WY

Profile

Our mission is to develop an asset that can be of multi-generational value to the Sheridan community so that all Sheridan citizens have the opportunity to flourish and contribute. Our focus will be on providing a healthy space to support housing needs, health and wellness, and education.

4 South Main StreetSheridan, WY 82801

none

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 2021

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $5M-$10M nonprofits • Source year 2021

Net Margin

31st percentile

0.0%

Higher net margin than 31% of similar nonprofits.

501(c)4 • $5M-$10M 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 / AssetsScore unavailable

Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue21st percentileNet Margin31st percentile

Revenue

$7,300,000

No earlier filing loaded for comparison.

Expenses

$7,300,000

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$0Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2021: $7,300,000Expenses 2021: $7,300,000Net Income 2021: $02021

Highlighted filing

2021

Revenue$7,300,000
Expenses$7,300,000
Net Income$0
Open 2021 Filing

Filings

Most recent year

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

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$7,300,000
Expenses
$7,300,000
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$7.30$7.30$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 17, 2021 to Nov 22, 2021
Signed
Aug 25, 2022
Return Version
2021v4.2
Gross Receipts
$7,300,000
Mission and Program Overview

Mission

Our mission is to develop an asset that can be of multi-generational value to the Sheridan community so that all Sheridan citizens have the opportunity to flourish and contribute. Our focus will be on providing a healthy space to support housing needs, health and wellness, and education.

Community Impacts mission is to further social welfare purposes for the town of Sheridan, Wyoming, by acquiring real estate that encompasses a multi-use facility for the use and benefit of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Arin WaddellChair
Erin KilbrideVice Chair
Rich DestefanoDirector
Sandy SuzorDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$7,300,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,300,000
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,157,178
Other Expenses$142,822
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$7,157,178
Insurance-$129,703-$129,703
Fees for Services Legal-$5,692-$5,692
Other Expenses-$2,350-$2,350
Office Expenses-$75-$75
All Other Expenses-$-6,872-$-6,872
Total Functional Expenses$0$142,822$0$7,300,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homer A Scott & Mildred S Scott FoundationSheridan, WY-See Attached Statement 1-
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
Backup withholding compliance
No
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Community Impact Inc.s sole member was the Homer Mildred Scott Foundation, a Section 501c3 organization EIN 74-2250381.”

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

“Community Impact Inc.s Board of directors were provided an electronic DRAFT version of the Form 990 prior to the electronic filing of the Form with the IRS. Any comments or questions were handled/completed prior to the efile process with the IRS.”

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

“Community Impact Inc.s Board adopted and periodically reviewed a conflict of interest policy to protect the Corporations interest when it is contemplating any transaction or arrangement which may benefit any director, officer, staff, employee, affiliate or member of any committee.”

Filing and Contact Details

Filer

Filer Name
Community Impact Inc
EIN
87-2724435
In Care Of
% Homer and Mildred Scott Foundatio
Phone
3072189192
Address
4 South Main Street, Sheridan, WY 82801

Signing Officer

Name
Arin Waddell
Title
Agent
Phone
3072189192
Signed
2022-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arin Waddell
Formed
2021
Legal Domicile
Wy
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Scott Family Services Inc
Address
PO Box 7113, Billings, MT 59103
Preparer
Timothy J Leuthold
Phone
4068316855
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“See Attached Statement 1”

Raw XML Appendix320 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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IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02021
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IRS990/GrantsToOrganizationsInd0true
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Community Impact Inc. transferred its net assets to Homer Mildred Scott Foundation, a Section 501c3 organization EIN 74-2250381, through a conversion to a single-member limited liability company in which Homer Mildred Scott Foundation is the resulting sole member. The limited liability company is a disregarded entity that is not treated as an entity separate from Homer MIldred Scott Foundation for Federal tax purposes. Community Impact Inc. accordingly effectively made a liquidating distribution of its net assets to Homer Mildred Scott Foundation. Prior to the liquidation, the two entities had identical boards. After the liquidation, the four board members of Community Impact Inc. continued their service as trustees of the Homer Mildred Scott Foundation.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Community Impact Inc.s sole member was the Homer Mildred Scott Foundation, a Section 501c3 organization EIN 74-2250381.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Community Impact Inc.s Board of directors were provided an electronic DRAFT version of the Form 990 prior to the electronic filing of the Form with the IRS. Any comments or questions were handled/completed prior to the efile process with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Community Impact Inc.s Board adopted and periodically reviewed a conflict of interest policy to protect the Corporations interest when it is contemplating any transaction or arrangement which may benefit any director, officer, staff, employee, affiliate or member of any committee.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Scott Family Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 7113
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Billings
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd059103
ReturnHeader/PreparerPersonGrp/PhoneNum04068316855
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Timothy J Leuthold
ReturnHeader/ReturnTs02022-11-17T09:25:57-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Arin
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Waddell
ReturnHeader/TaxPeriodBeginDt02021-09-17
ReturnHeader/TaxPeriodEndDt02021-11-22
ReturnHeader/TaxYr02021

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