Impact Grants Chicago
- Assets
- $154.9k
- Revenue
- $567.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2017
- Data as of
- 08/2023
- EIN
- 82-1566221
Organization Overview
Impact Grants Chicago is located in Chicago, IL. The organization was established in 2017. 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. Impact Grants Chicago 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 08/2023, Impact Grants Chicago generated $567.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $536.5k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Impact Grants Chicago has awarded 42 individual grants totaling $2,364,824. 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 GRANTS CHICAGO CONNECTS, ENGAGES AND INSPIRES WOMEN TO IMPROVE THE COMMUNITY OF CHICAGO BY COLLECTIVELY FUNDING $100,000 GRANTS TO CHICAGO NONPROFITS THAT ARE DEDICATED TO ADDRESSING THE CHALLENGES FACING THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HIGH-IMPACT GRANTS TO CHICAGO NONPROFITS.
MEMBER EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Schell President | OfficerTrustee | 20 | $0 |
Erin Drury Vice President | OfficerTrustee | 20 | $0 |
Jennifer Gartenberg Treasurer | OfficerTrustee | 10 | $0 |
Michelle Goldberg Secretary | OfficerTrustee | 5 | $0 |
Cara Pollard Director | Trustee | 5 | $0 |
Penny Turner Director | Trustee | 5 | $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 | $532,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,645 |
| Total Program Service Revenue | $29,091 |
| Investment income | $5,523 |
| 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 | $567,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $460,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,850 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,960 |
| All other expenses | $8,227 |
| Total functional expenses | $536,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $11,025 |
| 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 | $154,910 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $85,835 |
| Net assets with donor restrictions | $69,075 |
| 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 | $154,910 |
Grants Awarded
Over the last fiscal year, Impact Grants Chicago has awarded $460,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE CHILDREN | | | $100,000 |
LAWNDALE CHRISTIAN LEGAL CT | | | $100,000 |
OPEN BOOKS | | | $100,000 |
MEALS ON WHEELS - CHICAGO | | | $15,000 |
LYTE COLLECTIVE | | | $15,000 |
PODER | | | $15,000 |