Impact Seven Incorporated
- Assets
- $149.6m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 97
- Location
- Rice Lake, WI
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 39-1141037
Organization Overview
Impact Seven Incorporated is located in Rice Lake, WI. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Impact Seven Incorporated employed 97 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Impact Seven Incorporated 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, Impact Seven Incorporated generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING CAPACITY FOR COMMUNITIES BY PROVIDING SERVICES AND DEVELOPMENT IN BUSINESS, HOUSING AND PROPERTY MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT SEVEN'S BUSINESS DEVELOPMENT PROVIDES FINANCIAL PRODUCTS, DEVELOPMENT SERVICES AND TECHNICAL ASSISTANCE FOR THE CREATION OR EXPANSION OF BUSINESS, COMMERCIAL REAL ESTATE AND HOUSING DEVELOPMENT ENTERPRISES.- $35,434,000 IN LOANS CLOSED- 19 LOANS CLOSED- 75 FTE JOBS CREATED BY BORROWERS- 872 FTE JOBS RETATINED BY BORROWERSIMPACT SEVEN PROVIDES SERVICES IN THE MANAGEMENT OF RENTAL HOUSING FOR ITS OWNED UNITS.- 1593 UNITS UNDER MANAGEMENT- 1469 AFFORDABLE UNITS UNDER MANAGEMENT- 783 UNITS SET ASIDE FOR PERSONS WHO ARE ELDERLY AND/OR HAVE DISABILITIESIMPACT SEVEN DEVELOPS AND INVESTS IN ITS OWN MULTIFAMILY RENTAL HOUSING AS A LONG TERM OWNER.- 942 UNITS OF AFFORDABLE HOUSING FINANCED FOR THIRD PARTY DEVELOPERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Gerber President/ceo | OfficerTrustee | 40 | $414,367 |
Tom Patzman VP Business Development | 20 | $201,763 | |
Lisa Barkelar VP Property Management | 20 | $145,169 | |
Michael Carlson VP Of Real Estate Development | Officer | 20 | $101,447 |
Terra Pawliuk-Mcgiffin VP Of Accounting | Officer | 20 | $100,259 |
Warren Johnson Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Health Care Insurance | 12/30/21 | $506,160 |
Ansay & Associates Property Insurance | 12/30/21 | $175,854 |
Baker Tilly Audit, Tax And Consulting | 12/30/21 | $173,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,770,335 |
| Investment income | $55,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,057,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,926,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $788,281 |
| Compensation of current officers, directors, key employees. | $141,891 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,271,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $627,310 |
| Payroll taxes | $189,284 |
| Fees for services: Management | $81,936 |
| Fees for services: Legal | $10,881 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,940 |
| Advertising and promotion | $2,418 |
| Office expenses | $142,274 |
| Information technology | $197,698 |
| Royalties | $0 |
| Occupancy | $312,801 |
| Travel | $85,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,585 |
| Interest | $1,075,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $742,119 |
| Insurance | $180,410 |
| All other expenses | $8,631 |
| Total functional expenses | $7,782,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,307,063 |
| Savings and temporary cash investments | $11,594,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,271,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,415,509 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,939 |
| Net Land, buildings, and equipment | $14,740,024 |
| Investments—publicly traded securities | $1,929,135 |
| Investments—other securities | $0 |
| Investments—program-related | $47,317,937 |
| Intangible assets | $0 |
| Other assets | $29,007,956 |
| Total assets | $149,638,063 |
| Accounts payable and accrued expenses | $15,992,389 |
| Grants payable | $0 |
| Deferred revenue | $212,951 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,950,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,180,844 |
| Total liabilities | $50,336,503 |
| Net assets without donor restrictions | $78,257,451 |
| Net assets with donor restrictions | $21,044,109 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $149,638,063 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Impact Seven Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: PUBLIC BENEFIT & COMMUNITY IMPROVEMENT PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Three Rivers Community Action Inc Zumbrota, MN | $34,597,275 | $14,786,149 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |