FURP.ORG / PUBLIC DATA EXPLORER

IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION (EIN 83-1851237)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-04
IRS object ID
202402789349301100
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-04T10:11:44-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203985546PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON O'CONNOR FERON & CARUCCI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 EDGEWATER DRIVE SUITE 210AddressLine1Txt
CityWAKEFIELDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01880ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN831851237EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IMPACT INNOVATORS AND ENTREPRENEURSBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlIMPABusinessNameControlTxt
Phone3038954411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110520 CHAPEL HILL ROAD 766AddressLine1Txt
CityMORRISVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP27560ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonARUNKUMAR VENKATESANPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone3038954411PhoneNum
Signature2024-10-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH GISOPreparerPersonNm
PTINP00030126PTIN
Phone7819143400PhoneNum
Preparation2024-10-03PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerARUNKUMAR VENKATESANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110520 CHAPEL HILL ROAD 766AddressLine1Txt
CityMORRISVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP27560ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,035,885GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO CREATE AN IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$743,517PYContributionsGrantsAmt
CY Contributions Grants$1,035,885CYContributionsGrantsAmt
PY Program Service Revenue$1,296PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$744,813PYTotalRevenueAmt
CY Total Revenue$1,035,885CYTotalRevenueAmt
PY Grants And Similar Paid$429,964PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$322,864CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$84,155PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$122,994CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$185,329PYOtherExpensesAmt
CY Other Expenses$188,938CYOtherExpensesAmt
PY Total Expenses$699,448PYTotalExpensesAmt
CY Total Expenses$634,796CYTotalExpensesAmt
PY Revenues Less Expenses$45,365PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$401,089CYRevenuesLessExpensesAmt
Total Assets BOY$990,416TotalAssetsBOYAmt
Total Assets EOY$1,392,583TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,078TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$990,416NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,391,505NetAssetsOrFundBalancesEOYAmt
MissionTO CREATE AN IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$550,492ExpenseAmt
Grant$322,864GrantAmt
Revenue$0RevenueAmt
DescTHE IMPACT INNOVATORS & ENTREPRENEURS FOUNDATION'S PRIMARY PURPOSE IS TO CREATE AN IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP THAT SERVE THESE POPULATIONS DIRECTLY. TO THIS EFFECT WE HAVE DIRECTLY ENABLED ABOUT 10 ENTERPRISES THROUGH INVESTMENTS, LOAN GUARANTEE PROGRAMS AND ADVISORY AND INDIRECTLY SUPPORTED OVER 100 ENTERPRISES, THROUGH TRAINING AND ADVISORY SUPPORT TO 40 INCUBATORS (ENTREPRENEUR SUPPORT ORGANIZATIONS) ACCROSS SOUTH EAST ASIA, SOUTH ASIA AND AFRICA.Desc
Total Program Service Expenses$550,492TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARUNKUMAR VENKATESANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3038954411PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110520 CHAPEL HILL ROAD 766AddressLine1Txt
CityMORRISVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP27560ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ARIELLE MOLINO
CHIEF CONVENER40.00Yes (X)Yes (X)$50,000$0$0
ARUNKUMAR VENKATESAN
CEO/DIRECTOR/SECRETARY40.00Yes (X)Yes (X)$44,100$0$10,835
AZAD OOMMEN
TREASURER0.25Yes (X)Yes (X)$0$0$0
JASMIN PATEL
CHAIR0.25Yes (X)Yes (X)$0$0$0
JENNY EVERETT
DIRECTOR0.25Yes (X)$0$0$0
NADINE FREEMAN
DIRECTOR0.25Yes (X)$0$0$0
PAUL BASIL
DIRECTOR0.25Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$94,100TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$10,835TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$210,885GovernmentGrantsAmt
All Other Contributions$825,000AllOtherContributionsAmt
Total Contributions$1,035,885TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,035,885TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$322,864TotalAmt
Program Services$322,864ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$94,100TotalAmt
Program Services$75,280ProgramServicesAmt
Management And General$18,820ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,835TotalAmt
Program Services$8,668ProgramServicesAmt
Management And General$2,167ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$18,059TotalAmt
Program Services$14,447ProgramServicesAmt
Management And General$3,612ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,284TotalAmt
Management And General$3,284ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,640TotalAmt
Management And General$28,640ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$102,436TotalAmt
Program Services$81,950ProgramServicesAmt
Management And General$20,486ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$12,466TotalAmt
Program Services$12,466ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$748TotalAmt
Management And General$748ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$13,594TotalAmt
Program Services$13,594ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$18,751TotalAmt
Program Services$15,001ProgramServicesAmt
Management And General$3,750ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$7,777TotalAmt
Program Services$6,222ProgramServicesAmt
Management And General$1,555ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
BUSINESS REGISTRATION F$539$539
MISCELLANEOUS$413$413
LICENSES & PERMITS$290$290

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$634,796TotalAmt
Program Services$550,492ProgramServicesAmt
Management And General$84,304ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$524,817BOYAmt
EOY$789,614EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,188BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$374,411BOYAmt
EOY$517,969EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$85,000BOYAmt
EOY$85,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$990,416BOYAmt
EOY$1,392,583EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,078EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,078EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$990,416BOYAmt
EOY$1,391,505EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$990,416BOYAmt
EOY$1,391,505EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$990,416BOYAmt
EOY$1,392,583EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$401,089ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$55,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$743,517CurrentTaxYearMinus1YearAmt
Current Tax Year$1,035,885CurrentTaxYearAmt
Total$1,834,402TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$55,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$743,517CurrentTaxYearMinus1YearAmt
Current Tax Year$1,035,885CurrentTaxYearAmt
Total$1,834,402TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,349,290SubstantialContributorsTotAmt
Public Support Total170$485,112PublicSupportTotal170Amt
Total Support$1,834,402TotalSupportAmt
Gross Receipts Rltd Activities$251,249GrossReceiptsRltdActivitiesAmt
Public Support CY1700.26450PublicSupportCY170Pct
Public Support PY1700.26530PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestTHE ORGANIZATION NORMALLY RECEIVES AT LEAST 10% OF ITS TOTAL SUPPORT FROM PUBLIC SOURCES AS SEEN IN THE PUBLIC SUPPORT SCHEDULES FROM PRIOR YEARS, WITH THE EXCEPTION OF A FEW EXTRAORDINARY CONTRIBUTIONS MADE FOR THE PURPOSE OF INITIAL FUNDING OF THE ORGANIZATION AND ITS PROGRAMS. DUE TO THE GEOGRAPHIC LOCATIONS OF THE CHARITABLE WORK PERFORMED BY THE ORGANIZATIONS, THE FUNDING APPEAL HAS BEEN RESTRICTED TO SPECIFIC FOUNDATIONS DOING WORK IN THAT GEOGRAPHIC AREA. IN 2023, THE ORGANIZATION TOOK A NEW STRATEGIC DIRECTION TO DEEPEN ITS WORK WHILE EXPANDING ITS GEOGRAPHIC FOCUS. ONE OF OUR MAJOR GRANTS SUPPORTED THIS TRANSITION IN THE NATURE OF HOW THE ORGANIZATION DELIVERS ITS WORK. THE ORGANIZATION IS WORKING DILIGENTLY TO EXPAND THEIR FUNDING REQUEST TO APPEAL TO A MUCH LARGER BASE OF FUNDING RESOURCES BY THE PROMOTION OF THEIR WORK AND ITS IMPACT ON A DIVERSE POPULATION DESPITE ITS GEOGRAPHICAL PARAMETERS. THE ORGANIZATION MAINTAINS FUNDRAISING PROGRAMS TO HELP SUPPORT ITS WORK, INCLUDING EFFORTS TO PRODUCE AND DISSEMINATE INSIGHTS ON THE IMPACT INCUBATION AND ENTREPRENEURSHIP ECOSYSTEM. THE ORGANIZATION FUNDRAISES ON A CONTINUING BASIS IN ORDER TO CONSTANTLY TRY TO APPEAL TO NEW AND OLD DONORS. IT SOLICITS FUNDS USING ONLINE AND IN-PERSON FUNDRAISING EVENTS AND DIRECT APPEALS IN WHICH DONATIONS ARE SOLICITED FROM ORGANIZATIONS AND INDIVIDUALS WHO HAVE DONATED TO THE ORGANIZATION IN PRIOR YEARS AS WELL AS NEW POTENTIAL DONORS. THE ORGANIZATION IS LAUNCHING A MEMBERSHIP CAMPAIGN TO GARNER FINANCIAL CONTRIBUTIONS FROM CLOSELY ALIGNED ALLIES IN SUPPORT OF THE ORGANIZATION'S WORK, AS WELL AS REGIONAL AND GLOBAL EVENTS WHICH WILL APPEAL TO NEW DOMESTIC AND INTERNATIONAL DONORS.THE BOARD OF DIRECTORS ALSO WORKS DILIGENTLY TO EDUCATE INDIVIDUALS ON THE IMPORTANCE OF THE MISSION. THE CEO/DIRECTOR AND THE BOARD OF THE ORGANIZATION MEETS AT FOUR TIMES PER YEAR TO CHECK ON PROGRESS AND OPERATIONS OF THE ORGANIZATION. THE ORGANIZATION HAS A REPRESENTATIVE GOVERNING BODY WITH VARIED BACKGROUNDS IN CONNECTION WITH OUR WORK. THE BOARD INCLUDES INDIVIDUALS WITH BACKGROUNDS IN FINANCE, INVESTMENTS, EDUCATION, ENTREPRENEURSHIP, AND NON-PROFIT MANAGEMENT.THE ORGANIZATION'S PRIMARY PURPOSE IS TO CREATE A SUSTAINBLE IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP THAT SERVE THESE POPULATIONS DIRECTLY. TO THIS EFFECT WE HAVE DIRECTLY ENABLED ABOUT 10 ENTERPRISES THROUGH INVESTMENTS, LOAN GUARANTEE PROGRAMS AND ADVISORY AND INDIRECTLY SUPPORTED OVER 78,000 ENTERPRISES, THROUGH DEDICATED TRAINING AND ADVISORY SUPPORT TO 100 INCUBATORS (ENTREPRENEUR SUPPORT ORGANIZATIONS) AND PROVIDED TOOLS, RESOURCES, AND SHARED SOLUTIONS THROUGH OVER 21 VIRTUAL EVENTS IN 2023 REACHING TO 1,300+ INDIVIDUALS WORKING IN INCUBATION ACROSS SOUTHEAST ASIA, SOUTH ASIA AND AFRICA.FactsAndCircumstancesTestTxt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:FormAndLineReferenceDesc
ExplanationDESCRIPTION: LEVERAGING TECH TO SUPPORT FLHW PROJECT DATE: 09/01/21 AMOUNT: 125000. DESCRIPTION: BLDG LOCAL RESILIENCE IN AFRICA DATE: 12/01/20 AMOUNT: 55000. DESCRIPTION: DESIGN & LAUNCH OF INCUBATION-AFFILIATED FUND IN AFRICA DATE: 06/01/21 AMOUNT: 131500. DESCRIPTION: SUPPORT INVENTION-BASED ENTERPRISES IN INDIA DATE: 05/08/19 AMOUNT: 835382.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$517,969BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$517,969TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescSECURITY DEPOSITDesc
Book Value$85,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$85,000TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCREDIT CARDS PAYABLEDesc
Amt$1,078Amt
FieldValueIRS element (for citing)
Total Liability$1,078TotalLiabilityAmt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SUB-SAHARAN AFRICA00GRANTS$118,837
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,00INVESTMENTS$517,969
SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,00GRANTS$204,027
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$840,833SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$840,833TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmt
SUB-SAHARAN AFRICASUBAWARD$118,837WIRE$0
SOUTH ASIASUBAWARD$204,027WIRE$0
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSUBAWARD RECIPIENT IS REQUIRED TO PROVIDE PERIODIC REPORTING AS MANDATED BY THE GRANTOR. REPORTS REGARDING MILESTONES ACHIEVED ARE SUBMITTED TO IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION AND, SUBSEQUENTLY, TO THE GRANTOR. ALL GRANT TRANCHES ARE RELEASED, AFTER REVIEW, BASED ON MILESTONE COMPLETION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BIMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION'S (IIEF) FORM 990 IS PREPARED WITH THE ASSISTANCE OF AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE COMPLETED FORM 990 IS DISTRIBUTED ELECTRONICALLY TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST BY COMPLETING A QUESTIONNAIRE ANNUALLY. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST, IT IS THE DUTY OF THE INDIVIDUALS TO DISCLOSE SUCH INTEREST. THIS INTEREST IS TO BE RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD AND WHERE THE CONFLICT CONCERNS ANY BOARD OR COMMITTEE MEMBER, THE INDIVUDAL(S) SHALL NOT PARTICIPATE IN ANY VOTE OR DELIBERATION ON THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15ATHE EXECUTIVE COMMITTEE REVIEWS THE CEO/DIRECTOR'S PERFORMANCE IN CONNECTION WITH PREVIOUSLY ESTABLISHED GOALS ALONG WITH ACCOMPLISHMENTS RELATIVE TO CURRENT SALARY AND MARKET CONDITIONS. BASED UPON THIS REVIEW, THE EXECUTIVE COMMITTEE PRESENTS ITS ASSESSMENT AND RECOMMENDED COMPENSATION ADJUSTMENTS TO THE BOARD IN EXECUTIVE SESSION, FOR ITS APPROVAL. IN ADDITION, THE BOARD CHAIR SOLICITS COMMENTS ON THE CEO/DIRECTOR'S PERFORMANCE FROM ALL BOARD MEMBERS. BASED ON ALL OF THE PROCEEDING FEEDBACK, THE BOARD CHAIR MEETS WITH THE CEO/DIRECTOR FOR FORMAL REVIEW, INCLUDING PRESENTATION OF SALARY ADJUSTMENT.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATIONS' GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTING: PROGRAM SERVICE EXPENSES 81,458. MANAGEMENT AND GENERAL EXPENSES 20,363. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,821. PAYROLL FEES: PROGRAM SERVICE EXPENSES 492. MANAGEMENT AND GENERAL EXPENSES 123. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 615.