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IMPACT ARTS INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
IMPACT ARTS INC (EIN 85-3665317)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-28
IRS object ID
202543019349301814
Schema version
2024v5.2
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)
Return2025-10-28T20:58:19-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN853547025PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1The Financial Interior LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 82189AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78708ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN853665317EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IMPACT ARTS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% GINGER MORRISInCareOfNm
Business Name ControlIMPABusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16700 LEXINGTON ROADAddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78757ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGINGER MORRISPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Signature2025-10-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVICTOR VILLALOBOS CPAPreparerPersonNm
PTINP02461109PTIN
Phone5129001826PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$388,507GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresshttps://impactarts.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2020FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionImpact Artss mission is to transform our community through accessible arts education and outstanding artistic experiences.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$116,128PYContributionsGrantsAmt
CY Contributions Grants$135,946CYContributionsGrantsAmt
PY Program Service Revenue$201,532PYProgramServiceRevenueAmt
CY Program Service Revenue$199,341CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$33,210PYOtherRevenueAmt
CY Other Revenue$53,220CYOtherRevenueAmt
PY Total Revenue$350,870PYTotalRevenueAmt
CY Total Revenue$388,507CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$357,011PYOtherExpensesAmt
CY Other Expenses$331,398CYOtherExpensesAmt
PY Total Expenses$357,011PYTotalExpensesAmt
CY Total Expenses$331,398CYTotalExpensesAmt
PY Revenues Less Expenses-$6,141PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$57,109CYRevenuesLessExpensesAmt
Total Assets BOY$17,999TotalAssetsBOYAmt
Total Assets EOY$74,690TotalAssetsEOYAmt
Total Liabilities BOY$3,313TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,895TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$14,686NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$71,795NetAssetsOrFundBalancesEOYAmt
MissionImpact Artss mission is to transform our community through accessible arts education and outstanding artistic experiences.MissionDesc
Expense$306,622ExpenseAmt
Revenue$151,721RevenueAmt
DescDuring 2024, Summer Stock Austin continued to produce multiple live performances, reaching an audience of over 5,000 attendees. We continued training young artists, fostering artistic growth, technical skills, and lifelong relationships. We continued strengthening the local arts ecosystem by further cultivating a talent pipeline that is prepared for collegiate and professional opportunities. We continue to address the loss of arts culture by providing accessible, professional-quality theatre.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$16,547ExpenseAmt
Revenue$47,620RevenueAmt
DescOur education programs continued to develop and garner traction with our target audiences. Our programs continued to offer financial assistance in the form of tuition waivers to level the playing field for arts education across demographics. The ultimate goal of the program remains the same - to bring musical theatre curriculum to schools and young artists across the country.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$323,169TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document32IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonVICTOR VILLALOBOS CPAPersonNm
Phone5127972392PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16700 LEXINGTON ROADAddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78757ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DONELVAN THIGPEN
CHIEF OPERATING OFFICER30.000.00Yes (X)Yes (X)$15,250$0$0
VICTOR VILLALOBOS
CHIEF FINANCIAL OFFICER5.000.00Yes (X)Yes (X)$0$0$0
GINGER MORRIS
CHIEF EXECUTIVE OFFICER50.000.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$15,250TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$135,946AllOtherContributionsAmt
Total Contributions$135,946TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PERFORMANCES REVENUE711190$151,721$151,721
EDUCATION REVENUE711190$47,620$47,620
FieldValueIRS element (for citing)
Total Program Service Revenue$199,341TotalProgramServiceRevenueAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MERCHANDISE REVENUE711190$15,933$15,933
OTHER REVENUE711190$37,287$37,287
FieldValueIRS element (for citing)
Other Revenue Total$53,220OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$388,507TotalRevenueColumnAmt
Related Or Exempt Func Income$252,561RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$217,496TotalAmt
Program Services$217,496ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,312TotalAmt
Program Services$3,590ProgramServicesAmt
Management And General$1,722ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,507TotalAmt
Management And General$6,507ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$22,414TotalAmt
Program Services$22,414ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,246TotalAmt
Program Services$4,246ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
Banking & merchant fees$1,909$1,909
Performance-related expenses$21,171$21,171
Performance-related rentals$35,796$35,796
Education program expenses$16,547$16,547

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$331,398TotalAmt
Program Services$323,169ProgramServicesAmt
Management And General$8,229ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$17,999BOYAmt
EOY$74,690EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,999BOYAmt
EOY$74,690EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,313BOYAmt
EOY$2,895EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,313BOYAmt
EOY$2,895EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,686BOYAmt
EOY$71,795EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$14,686BOYAmt
EOY$71,795EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,999BOYAmt
EOY$74,690EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$57,109ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$149,171CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$148,856CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$124,574CurrentTaxYearMinus1YearAmt
Current Tax Year$135,946CurrentTaxYearAmt
Total$558,547TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$149,171CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$148,856CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$124,574CurrentTaxYearMinus1YearAmt
Current Tax Year$135,946CurrentTaxYearAmt
Total$558,547TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$122,288SubstantialContributorsTotAmt
Public Support Total170$436,259PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$13,602CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,184CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29,528CurrentTaxYearMinus1YearAmt
Current Tax Year$53,220CurrentTaxYearAmt
Total$111,534TotalAmt
FieldValueIRS element (for citing)
Total Support$670,081TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

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 (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990 governing body review Part VI line 11The Board of Directors of Impact Arts has convened in session with full attendance to review the Form 990 for tax year 2023. All directors have reviewed each line item of the Form 990 and asked questions, as applicable.
Conflict of interest policy compliance Part VI line 12cThe Board of Directors actively reviews in advance any relationships or transactions where any one director may have a conflict of interest.
CEO executive director top management comp Part VI line 15aThe Board of Directors evaluates from time to time the need and ability of the organization to retain a paid Executive Director. For calendar year 2024, the Board of Directors has determined such position is not necessary, and the strategic guidance and operational execution of the organizations goals will remain with the Board.
Other officer or key employee compensation Part VI line 15bThe Board of Directors evaluates from time to time the need and ability of the organization to retain other paid executive officers or key employees. For calendar year 2024, the Board of Directors has determined such full-time positions are not necessary, and the strategic guidance and operational execution of the organizations goals will remain with the Board. Any compensation renumerated is for professional services rendered to the organization and is unrelated to any services performed for Board responsibilities.
Governing documents etc available to public Part VI line 19The organization makes its governing documents available for public inspection by request. Relevant organizational documents are published on our website for public viewing, once approved by the Board of Directors.
List of other fees for services expenses Part IX line 11gLINE 11G - THIRD-PARTY VENUE SERVICES - $112,256 LINE 11G - PROGRAM CONTRACTOR SERVICES - $42,740 LINE 11G - PROGRAM PRODUCTION SERVICES - $46,900 LINE 11G - PROGRAM APPRENTICESHIPS - $15,600

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