DIRECT IMPACT FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: DIRECT IMPACT FOUNDATION INC (EIN 85-3948855)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-09-07
IRS object ID: 202212509349100911
Schema version: 2021v4.0
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
Form 990-PF
Investments Corp Stock Schedule
Legal Fees Schedule
Other Expenses Schedule
Substantial Contributors Sch

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-09-07T15:10:36-04:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	201534093	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CGLCPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 871	AddressLine1Txt
City	BARRE	CityNm
State Abbreviation	VT	StateAbbreviationCd
ZIP	05641	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	853948855	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DIRECT IMPACT FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	DIRE	BusinessNameControlTxt
Phone	2033302264	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	850 MAIN STREET - 8TH FLR	AddressLine1Txt
City	BRIDGEPORT	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06604	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ANASTASIA GORGUTSA	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	6033776666	PhoneNum
Signature	2022-09-07	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ANASTASIA	PersonFirstNm
Person Last	GORGUTSA	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MARC RAYNER	PreparerPersonNm
PTIN	P00992320	PTIN
Phone	8025228394	PhoneNum
Preparation	2022-09-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$10,000	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Total Rev And Expnss	$10,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$424	LegalFeesRevAndExpnssAmt
Other Expenses Rev And Expnss	$64	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$488	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$17,825	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$17,825	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$18,313	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$17,825	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$8,313	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$551,000	CashBOYAmt
Cash EOY	$22,687	CashEOYAmt
Corporate Stock EOY	$520,000	CorporateStockEOYAmt
Total Assets BOY	$551,000	TotalAssetsBOYAmt
Total Assets EOY	$542,687	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$551,000	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$542,687	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$551,000	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$542,687	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$551,000	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$542,687	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$551,000	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$8,313	ExcessRevenueOverExpensesAmt
Subtotal	$542,687	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$542,687	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CT	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	Yes (true)	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	WWW.DIRECTIMPACTFOUNDATION.ORG	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	PAVEL CHERNYSHOV	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2033302264	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	850 MAIN ST	AddressLine1Txt
Address Line2	8TH FLR	AddressLine2Txt
City	BRIDGEPORT	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06604	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ANASTASIA GORGUTSA
1 TAMARAC ROAD	WESTPORT	CT	06880	PRESIDENT	000.00	$0	$0	$0
JESSICA MAINHARDT
285 PINEBROOK BLVD	NEW ROCHELLE	NY	10804	SECRETARY	000.00	$0	$0	$0
PAVEL CHERNYSHOV
1 TAMARAC ROAD	WESTPORT	CT	06880	DIRECTOR	000.00	$0	$0	$0
JOON CHANGE
5 STRICTLAND PLACE	MANHASSET	NY	11030	DIRECTOR	000.00	$0	$0	$0
VIJAY MEHTA
171 HIGHLAND AVE	SHORTHILLS	NJ	07078	DIRECTOR	000.00	$0	$0	$0
RONALD WARD
5119 TOURO ST	NEW ORLEANS	LA	70122	DIRECTOR	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	DIRECT IMPACT FOUNDATION DIRECTLY SUPPORTS THE IMMEDIATE NEEDS OF SPECIFIC PEOPLE AND COMMUNITIES BY FOSTERING ACCESS TO SAFE HOUSING AND HIGH-QUALITY EDUCATION.	Description1Txt
Expenses1	$17,825	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$333,333	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$208,879	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$542,212	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$542,212	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$8,133	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$534,079	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$26,704	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Sect4942j3j5 Fndtn And Frgn Org	Yes (X)	Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$17,825	ExpensesAndContributionsAmt
Qualifying Distributions	$17,825	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Qualifying Distributions	$17,825	QualifyingDistributionsAmt
Remaining Distri From Corpus	$17,825	RemainingDistriFromCorpusAmt
Total Corpus	$17,825	TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Field	Value	IRS element (for citing)
Section4942j3	Yes (X)	Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$0	CurrentYearAmt
Total	$0	TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Current Year	$17,825	CurrentYearAmt
Total	$17,825	TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

Field	Value	IRS element (for citing)
Current Year	$17,825	CurrentYearAmt
Total	$17,825	TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

Field	Value	IRS element (for citing)
Current Year	$17,803	CurrentYearAmt
Total	$17,803	TotalAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	PAVEL CHERNYSHOV	ContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	DIRECT IMPACT FOUNDATION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	850 MAIN STREET	AddressLine1Txt
Address Line2	FLOOR 8	AddressLine2Txt
City	BRIDGEPORT	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06604	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	2303302264	RecipientPhoneNum
Form And Info And Materials	NO PRESELECTED TEMPLATE. APPLICANTS CAN SEND INFORMATION REGARDING THEIR ORGANIZATION, AMOUNT REQUESTED AND NEEEDS.	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
AMHERST COLLEGE GRANT
GRANTS OFFICE	PO BOX 5000	AMHERST	MA	01002	EDUCATION ENRICHMENT	$10,000
NEAR & FAR AID GRANT
PO BOX 717		SOUTH PORT	CT	06890	EDUCATION ENRICHMENT	$5,000
CURTIS SUMMER CAMP FUND GRANT
1726 LOCUST ST		PHILADELPHIA	PA	19103	EDUCATION ENRICHMENT	$2,825

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$17,825	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	INTERACTIVE BROKERAGE FUND	StockNm
EOY Book Value	$520,000	EOYBookValueAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	INDIRECT LEGAL FEES	CategoryTxt
Legal Fees	$424	LegalFeesAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OFFICE EXPENSE	$37
SHIPPING & POSTAGE	$27

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Field	Value	IRS element (for citing)
Person	MR ISURU SENEVIRATNE	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3520 LEVERICH ST - A609	AddressLine1Txt
City	JACKSON HEIGHTS	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11372	ZIPCd

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