Impact Austin Foundation
- Assets
- $674.9k
- Revenue
- $546.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 08/2003
- Data as of
- 06/2023
- EIN
- 56-2367666
Organization Overview
Impact Austin Foundation is located in Austin, TX. The organization was established in 2003. 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. As of 06/2023, Impact Austin Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Austin 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 06/2023, Impact Austin Foundation generated $546.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $680.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Impact Austin Foundation has awarded 64 individual grants totaling $3,713,925. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPACT AUSTIN PROVIDES HIGH-IMPACT GRANTS TO LOCAL NONPROFITS THROUGH A COLLECTIVE GIVING MODEL AND IS FUNDED BY ITS MEMBERS. IN ADDITION, OUR ORGANIZATION HOLDS MEMBER EDUCATION EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT AUSTIN EXTENDS HIGH IMPACT PROGRAM GRANTS FUNDED BY COMBINING ANNUAL DONATIONS FROM MEMBERS OF $1,250 EACH YEAR, WITH $1,000 RESERVED FOR GRANT RECIPIENTS AND $250 SUPPORTING OPERATIONS. ALL FISCAL YEARS HAVE TWO GRANT CYCLES PER YEAR. FOUR PROGRAM GRANTS WERE AWARDED IN FY23 WITH TWO DISTRIBUTED IN THE FALL CYCLE (EQUITY, HEALTH & WELL-BEING) AND TWO IN THE SPRING CYCLE (COMMUNITY, EDUCATION). EACH GRANT CATEGORY IS SPLIT 80/20 BETWEEN THE TWO CATEGORY FINALISTS, FOR A TOTAL ANNUAL AWARD OF EIGHT GRANTS AWARDED. GRANT AMOUNTS ARE BASED ON MEMBERSHIP LEVELS AND ANNOUNCED AT THE START OF EACH GRANT CYCLE.
GIRLS GIVING GRANTS TEACHES YOUNG WOMEN LEADERSHIP AND THE ART AND IMPORTANCE OF GIVING. COMBINING INDIVIDUAL DONATIONS OF $125, $100 RESERVED FOR GRANTS AND $25 FOR THEIR OPERATIONS CONTRIBUTION. YOUNG WOEMN IN GRADES 8 THROUGH 12 LEARN THE POWER OF COLLECTIVE GIVING AND BEST PRACTICES IN GRANT-MAKING, WHIL WORKING TOGETHER TO REVIEW PROPOSALS AND SELECT GRANTEES. IN MAY 2023, IMPACT AUSTIN GAVE ONE GIRLS GIVING GRANT'S PROGRAM GRANT OF $8,400 TO A LOCAL NONPROFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Mudge President | OfficerTrustee | 15 | $0 |
Jessica Forrest Treasurer | OfficerTrustee | 15 | $0 |
Allison Marsall Secretary | OfficerTrustee | 15 | $0 |
Name Not Listed Director | Trustee | 15 | $0 |
Tracy Nelson Director | Trustee | 10 | $0 |
Deanna Dehaven Director | Trustee | 10 | $0 |
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 | $542,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $542,482 |
| Total Program Service Revenue | $0 |
| Investment income | $3,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $361,400 |
| 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. | $108,587 |
| Compensation of current officers, directors, key employees. | $25,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,858 |
| Advertising and promotion | $2,526 |
| Office expenses | $16,930 |
| Information technology | $31,590 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,575 |
| All other expenses | $0 |
| Total functional expenses | $680,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,586 |
| Savings and temporary cash investments | $509,482 |
| Pledges and grants receivable | $57,905 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,958 |
| Total assets | $674,931 |
| Accounts payable and accrued expenses | $30,667 |
| Grants payable | $65,900 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,567 |
| Net assets without donor restrictions | $509,701 |
| Net assets with donor restrictions | $68,663 |
| 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 | $674,931 |
Grants Awarded
Over the last fiscal year, Impact Austin Foundation has awarded $361,400 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THE OTHERS ONES FOUNDATION PURPOSE: COMMUNITY | $75,400 |
LITERACY COALITION OF CENTRAL TEXAS PURPOSE: COMMUNITY | $18,800 |
AVANCE AUSTIN PURPOSE: COMMUNITY | $75,400 |
GIRLSTART PURPOSE: COMMUNITY | $18,800 |
AUSTIN CREATIVE REUSE PURPOSE: COMMUNITY | $65,900 |
AUSTIN YOUTH AND COMMUNITY FARM PURPOSE: COMMUNITY | $16,400 |