Boundless Impact is located in Burlington, NC. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. Boundless Impact 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, Boundless Impact generated $172.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $164.8k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 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.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leesa Sluder Chair - Elect | 1 | $0 | |
Sudhakar Puvvada Chair | 2 | $0 | |
Meredith Garwood Secretary Treasurer | 1 | $0 | |
Jae Lee Board Member | 1 | $0 | |
Ditra Miller Board Member | 1 | $0 | |
Dana Lyles Board Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,921 |
| Total Program Service Revenue | $39,726 |
| Membership dues | $0 |
| Investment income | $4,961 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,608 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $101,191 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,565 |
| Printing, publications, postage, and shipping | $534 |
| Other expenses | $61,558 |
| Total expenses | $164,848 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $192,463 |
| Other assets | $0 |
| Total assets | $192,463 |
| Total liabilities | $137,847 |
| Net assets or fund balances | $54,616 |