Impossible Foundation
- Assets
- $2.9m
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- Data as of
- 12/2023
- EIN
- 36-5038838
Organization Overview
Impossible Foundation is located in Redwood City, CA. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impossible Foundation 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 12/2023, Impossible Foundation generated $200.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (74.3%) each year. All expenses for the organization totaled $310.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IMPOSSIBLE FOUNDATION WORKS TO ACCELERATE A GLOBAL TRANSITION AWAY FROM THE USE OF ANIMALS TO PRODUCE FOOD, AND REALIZE THE RESULTING BENEFITS TO EARTH'S CLIMATE AND ENVIRONMENT AND TO HUMAN HEALTH AND WELL-BEING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Patrick Brown President & Director | 1 | $0 | |
Ms Johanna Honeyfield Treasurer & Secretary (to Dec '23) | 1 | $0 | |
Mr David Borecky Director (to Feb '23) | 1 | $0 | |
Dr Michael Eisen Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Ag & Turf | 12/30/23 | $99,704 |
Pwc | 12/30/23 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,073 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $515 |
| Depreciation | $10,502 |
| Occupancy | $4,592 |
| Travel, conferences, and meetings | $17,017 |
| Printing and publications | $0 |
| Other expenses | $67,482 |
| Total operating and administrative expenses | $310,140 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $310,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,294 |
| 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 | $23,513 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,764,888 |
| Other assets | $0 |
| Total assets | $2,934,695 |
| Accounts payable and accrued expenses | $84,010 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,010 |