Invest To Impact Inc
- Assets
- $86.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Burlington, VT
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-4057587
Organization Overview
Invest To Impact Inc is located in South Burlington, VT. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Invest To Impact 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, Invest To Impact Inc generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (49.9%) each year. All expenses for the organization totaled $81.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DISTRIBUTED $80000 IN GRANTS THAT MET OUR SCOURING CRITERIA. YOUNG LIFE - $10000 FOR ONGOING PROGRAM SUPPORT AND $5000 INITIATING SUPPORT FOR SPECIAL NEEDS CAMPER PROGRAM; ELEVATION CHRISTIAN ACADEMY-$10000 FOR NEW COMPUTERS AND OTHER TECHNOLOGY TO SUPPORT IN-PERSON AND ONLINE LEARNING; ASPIRE TOGETHER - $10000 CONTRIBUTION TOWARD MOBILE X-RAY VAN; TEEN CHALLENGE - $10000 TO PURCHASE WOODWORKING EQUIPMENT; SLEEP IN HEAVENLY PEACE - $10000 FOR MATERIALS TO SUPPORT A SINGLE DAY 100 BED BUILD EVENT; A NEW PLACE- $15000 FOR BUILDING REFURBISHMENT THAT PROVIDES LOW BARRIER HOUSING; RURAL COMPASSION PROJECT - $10000 CONTINUED SUPPORT OF PROVIDING LOCAL CITY OFFICES "THANK YOU BASKETS" MONTHLY FOR THEIR SERVICE TO OUR COMMUNITY, SUCH AS:POLICE, TOWN, FIRE EMT, PEDIATRIC DOCTORS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Turmele President | 1 | $0 | |
Todd Leblanc Director | 1 | $0 | |
David Chenette Director | 1 | $0 | |
Thomas Mccormick Director | 1 | $0 | |
Douglas Roszman Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,124 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $179 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,303 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $223 |
| Other expenses | $870 |
| Total expenses | $81,093 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,739 |
| Other assets | $0 |
| Total assets | $86,739 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |