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IMPACT VENTURES ACCELERATOR: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
IMPACT VENTURES ACCELERATOR (EIN 83-0699171)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-11
IRS object ID
202113159349203786
Schema version
2020v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-11T14:51:05-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271661785PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CMRosen LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line117440 Dallas Pkwy Ste 218AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75287ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN830699171EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Impact Ventures AcceleratorBusinessNameLine1Txt
Business Name Line2dba Impact VenturesBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlIMPABusinessNameControlTxt
Phone4697088815PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11808 S Good Latimer ExpyAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75226ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBenjamin VannPersonNm
Person TitleFounder & CEOPersonTitleTxt
Signature2021-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBenjaminPersonFirstNm
Person LastVannPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonChad M Rosen CPAPreparerPersonNm
PTINP01071321PTIN
Phone9728181400PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website Addresshttps://impact-ventures.coWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$191,030GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$183,315ContributionsGiftsGrantsEtcAmt
Program Service Revenue$7,714ProgramServiceRevenueAmt
Investment Income$1InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$191,030TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$77,286FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$486OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$154PrintingPublicationsPostageAmt
Other Expenses Total$17,969OtherExpensesTotalAmt
Total Expenses$95,895TotalExpensesAmt
Excess Or Deficit For Year$95,135ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$450NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$95,585NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$450BOYAmt
EOY$94,444EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
EOY$1,422EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$450BOYAmt
EOY$95,866EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
EOY$281EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$450BOYAmt
EOY$95,585EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTo empower talented, yet under-estimated Women and Communities of Color to build generational wealth through inclusive entrepreneurship, community wealth building, and integrated capital.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomImpact Ventures launched its flagship 12-week accelerator program supporting women and minority-led startups and small businesses. In 2020, the program supported 48 fellows, to raise $1.2M and create 51 jobs in the local community.DescriptionProgramSrvcAccomTxt
Grants And Allocations$88,424GrantsAndAllocationsAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$88,424TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (11 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Benjamin Vann
Founder & CEO40.00$24,250
Suzanne Smith
President3.00$0
Mackenzie Causey
Secretary3.00$0
Taylor Ready
Director3.00$0
Tia Bradley
Director3.00$0
Greer Christian
Treasurer3.00$0
Ted Hill
Vice President3.00$0
Stephone Coward
Director3.00$0
Ben Magill
Director3.00$0
Laci Mckinney
Director3.00$0
Nancy St Jacobs
Director3.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBenjamin VannPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11808 S Good Latimer ExpyAddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75226ZIPCd
FieldValueIRS element (for citing)
Phone4697088815PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

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$10,461CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$24,602CurrentTaxYearMinus1YearAmt
Current Tax Year$183,315CurrentTaxYearAmt
Total$218,378TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$10,461CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$24,602CurrentTaxYearMinus1YearAmt
Current Tax Year$183,315CurrentTaxYearAmt
Total$218,378TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$125,096SubstantialContributorsTotAmt
Public Support Total170$93,282PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$1CurrentTaxYearAmt
Total$1TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$218,379TotalSupportAmt
Gross Receipts Rltd Activities$11,571GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1700.00000PublicSupportCY170Pct

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $383
Other Expenses.1002Office Expenses $513
Other Expenses.1003Information Technology $9973
Other Expenses.1005Travel $97
Other Expenses.1007Conferences, Conventions, and Meetings $872
Other Expenses.1012Insurance $424
Other Expenses.1Other Supplies and Materials $5350
Other Expenses.2Professional Development $306
Other Expenses.4Licenses and Permits $51
Other Assets.1003Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $422
Other Assets.1005Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1000
Total Liabilities.1006Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $281

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