Impacteous Foundation Inc
- Assets
- $3.0m
- Revenue
- $529.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 27-3455354
Organization Overview
Impacteous Foundation Inc is located in Rockville, MD. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impacteous Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Impacteous Foundation Inc generated $529.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $425.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Govil President | 0 | $0 | |
Lakshmi N Babu Treasurer | 0 | $0 | |
Vidya Govil Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $200 |
| Dividends & Interest | $34 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,090 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $140,901 |
| Total Revenue | $529,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $243 |
| Total operating and administrative expenses | $10,243 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $425,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,598 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,015,053 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,046,651 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $30,000 |
| Other liabilities | $0 |
| Total liabilities | $30,000 |
Grants Awarded
Over the last fiscal year, Impacteous Foundation Inc has awarded $415,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FREEDOM RESTORATION AND JU PURPOSE: AFRJ IS A ORGANIZATION DEDICATED TO FIGTH TO END THE HUMAN TRAFFICKING AND PROTECT THE VULNERABLE | $200,000 |
TIGERS UNLIMITED FOUNDATION PURPOSE: THE TIGERS UNLIMITED FOUNDATION PROVIDES SUPPORT FOR AUBURN UNIVERSITY INTERCOLLEGIATE ATHLETICS. THE FOUNDATION SUPPORTS EXTRACURRICULAR SPORTS PROGRAMS AND ACTIVITIES INCLUDING ATHLETIC SCHOLARSHIPS, ATHLETIC PROGRAM ENHANCEMENTS, ATHLETIC-RELATED EQUIPMENT PURCHASES, AND CONSTRUCTION OF ATHLETIC FACILITIES. | $200,000 |
PRATHAM USA PURPOSE: CHILD EDUCATION | $15,000 |