Impact 46 Inc
- Assets
- $810.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Lawrenceville, GA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-3592697
Organization Overview
Impact 46 Inc is located in Lawrenceville, GA. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Impact 46 Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact 46 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, Impact 46 Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 69.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
BUILDS PARTNERSHIPS WITH A PURPOSE FOR COMMUNITY IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN RESPONSE TO COVID-19, IMPACT46, ALONGSIDE STRATEGIC PARTNERS AND OTHER NONPROFITS, SEEKS TO OPERATE AN EMERGENCY INTAKE CENTER (RESPONSE CENTER, LAWRENCEVILLE) AS WELL AS DEVELOP A LONG-TERM SUSTAINABILITY MODEL FOR ASSET- BASED, OPPORTUNITY-DRIVEN SERVICES TO VULNERABLE FAMILIES/RESIDENTS IN LAWRENCEVILLE. THE RC WILL REFER RESIDENTS TO INDUSTRY LEADERS IN THE FOLLOWING AREAS: HOMELESSNESS PREVENTION, INCOME LOSS RECOVERY, UTILITIES ASSISTANCE (CITY OF LAWRENCEVILLE UTILITY COMPANY ONLY), AND FOOD DISTRIBUTION. THE RC INTAKE SPECIALIST WILL PROVIDE NECESSARY DIRECTION FOR RESIDENTS IN RESPONSE TO COVID-19.PARTNERING WITH CITIES TO ASSIST FAMILIES LIVING IN EXTENDED STAYS WITH THE PATHWAY TO PERMANENT HOUSING THROUGH BARRIER ELIMINATION AND COMMUNITY SUPPORT. WE PROVIDE THE FOLLOWING:- RELOCATION STIPEND AND MOVING FINANCIAL ASSISTANCE- INTENSIVE CASE MANAGEMENT- RELOCATION NAVIGATOR- COMMUNITY RESOURCES TO ELIMINATE BARRIERS (IE. FINANCIAL LITERACY, READY TO HIRE EMPLOYMENT OPPORTUNITIES, ETC.)THE SUMMER OF IMPACT WAS DESIGNED TO TRANSFORM LAWRENCEVILLE THRU STRATEGIC INTERNSHIPS THAT DID THE FOLLOWING:- DECREASED THE OPPORTUNITY GAP FOR STUDENTS IN THE 30046 ZIP CODE.- EXPAND THE SOCIAL, PERSONAL, AND PROFESSIONAL NETWORKS OF THE NEXT GENERATION WORKFORCE.- CREATE ENRICHMENT OPPORTUNITIES FOR CHILDREN AND STUDENTS THRU LEADERSHIP DEVELOPMENT AND COMMUNITY ENGAGEMENT.- ENGAGE THE 6 SECTORS OF A COMMUNITY THRU EMPLOYING RISING JUNIORS AND SENIORS FROM CENTRAL GWINNETT HIGH SCHOOLAS LAWRENCEVILLE EMBRACES IT'S CHANGING CULTURE, THERE ARE MANY OPPORTUNITIES TO LEARN FROM OTHERS AND EMBRACE NEW NEIGHBORS. DURING THE SPRING OF 2020 WE WILL BE LAUNCHING OUR COMMUNITY LISTENING CONVERSATIONS TRAINING TO LEARN HOW TO LISTEN TO OUR COMMUNITY. AS A RESULT WE WILL BUILD RELATIONSHIPS AND NETWORKS THAT, IN HOPES, WILL ALLOW US TO BEGIN USING ASSETS TO SOLVE ISSUES FACING LAWRENCEVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Young Executive Director | Officer | 40 | $102,654 |
Chari Chin-Young Caston Secretary/treasurer | OfficerTrustee | 2 | $0 |
Jasmine Billings Board Chair | OfficerTrustee | 2 | $0 |
Carol Walls Vice Chair | OfficerTrustee | 2 | $0 |
Gerold Martin Director | Trustee | 1 | $0 |
Juan Terrazas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,251,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,509,926 |
| Total Program Service Revenue | $93,061 |
| Investment income | $0 |
| 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 | $1,602,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $730,956 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,654 |
| Compensation of current officers, directors, key employees. | $10,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,082 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,284 |
| Advertising and promotion | $11,889 |
| Office expenses | $9,156 |
| Information technology | $8,271 |
| Royalties | $0 |
| Occupancy | $1,773 |
| Travel | $7,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,026 |
| All other expenses | $0 |
| Total functional expenses | $1,177,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,943 |
| 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 | $0 |
| Total assets | $810,375 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $244,647 |
| 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 | $26,480 |
| Other liabilities | $0 |
| Total liabilities | $271,127 |
| Net assets without donor restrictions | $539,248 |
| Net assets with donor restrictions | $0 |
| 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 | $810,375 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Impact 46 Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |