Impetus Fund
- Assets
- $1.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 06/2022
- EIN
- 85-1701143
Organization Overview
Impetus Fund is located in Washington, DC. Impetus Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Impetus Fund generated $2.3m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPETUS FUND (THE "FUND") IS A 501(C)(4) SOCIAL WELFARE ORGANIZATION DEDICATED TO PROMOTING THE COMMON GOOD, IMPROVING THE WELL-BEING OF COMMUNITIES, AND STRENGTHENING SOCIETY AT-LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY - THE FUND AIMS TO ADVANCE A BROAD AGENDA OF IMPORTANT SOCIAL ISSUES USING GRANTMAKING, EDUCATION, ADVOCACY, GRASSROOTS ACTIVISM, CIVIC ENGAGEMENT, RESEARCH, LOBBYING, AND OTHER TACTICS AND STRATEGIES. THROUGH ITS EFFORTS, THE FUND'S VISION IS TO ACHIEVE A SOCIETY THAT BENEFITS EVERYONE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saurabh Gupta General Counsel | Officer | 1 | $6,689 |
Ezra Reese President And Chair | OfficerTrustee | 1 | $0 |
Falona Joy Treasurer | OfficerTrustee | 1 | $0 |
Andrew Schulz Secretary | OfficerTrustee | 1 | $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 | $2,295,899 |
| Noncash contributions included in lines 1a–1f | $2,295,899 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,295,899 |
| Total Program Service Revenue | $0 |
| Investment income | $288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,327,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,531,286 |
| 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. | $6,689 |
| Compensation of current officers, directors, key employees. | $6,689 |
| 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 | $115,455 |
| Fees for services: Legal | $3,019 |
| Fees for services: Accounting | $26,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $751 |
| Information technology | $9,488 |
| Royalties | $0 |
| Occupancy | $1,009 |
| 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 | $25,818 |
| All other expenses | $1,279 |
| Total functional expenses | $1,721,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,206,528 |
| Savings and temporary cash investments | $118,525 |
| 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 | $5,388 |
| 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 | $1,330,441 |
| Accounts payable and accrued expenses | $14,341 |
| 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 | $14,341 |
| Net assets without donor restrictions | $653,242 |
| Net assets with donor restrictions | $662,858 |
| 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 | $1,330,441 |
Grants Awarded
Over the last fiscal year, Impetus Fund has awarded $64,718,470 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACRONYM PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $500,000 |
COOPERATIVE IMPACT LAB PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $450,000 |
AMERICA VOTES PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $3,406,933 |
CENTER FOR VOTER INFORMATION PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $4,000,000 |
FUTURE FORWARD USA ACTION PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $55,851,537 |
VOTE TRIPLING ACTION FUND PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY | $510,000 |