Community Impact Inc
- Assets
- $0.0
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- Data as of
- 11/2021
- EIN
- 87-2724435
Organization Overview
Community Impact Inc is located in Sheridan, WY. Community Impact Inc 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY IMPACTS MISSION IS TO FURTHER SOCIAL WELFARE PURPOSES FOR THE TOWN OF SHERIDAN, WYOMING, BY ACQUIRING REAL ESTATE THAT ENCOMPASSES A MULTI-USE FACILITY FOR THE USE AND BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPACT INC. RECEIVED A GRANT IN THE AMOUNT OF 7,300,000 FROM THE HOMER MILDRED SCOTT FOUNDATION, A SECTION 501C3 ORGANIZATION EIN 74-2250381, WHICH IT USED TO PURCHASE REAL PROPERTY ENCOMPASSING A MULTI-USE FACILITY FOR THE USE AND BENEFIT OF THE RESIDENTS OF SHERIDAN, WYOMING, AND RELATED EXPENSES. FOLLOWING THE PURCHASE OF THE FACILITY, COMMUNITY IMPACT INC.S BOARD DETERMINED THAT THE PURPOSE WOULD BE BETTER FILLED BY HAVING THE HOMER MILDRED SCOTT FOUNDATION OPERATE THE FACILITY. COMMUNITY IMPACT INC. ACCORDINGLY CONVERTED TO A SINGLE-MEMBER LIMITED LIABILITY COMPANY IN WHICH THE HOMER MILDRED SCOTT FOUNDATION IS THE SOLE MEMBER. THE LIMITED LIABILITY COMPANY IS A DISREGARDED ENTITY THAT IS NOT TREATED AS AN ENTITY SEPARATE FROM THE HOMER MILDRED SCOTT FOUNDATION FOR FEDERAL TAX PURPOSES. COMMUNITY IMPACT INC. EFFECTIVELY THEN MADE A LIQUIDATING DISTRIBUTION OF ITS NET ASSETS TO THE HOMER MILDRED SCOTT FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arin Waddell Chair | Trustee | 1 | $0 |
Erin Kilbride Vice Chair | Trustee | 1 | $0 |
Sandy Suzor Director | Trustee | 1 | $0 |
Rich Destefano Director | Trustee | 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 | $7,300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,300,000 |
| Total Program Service Revenue | $0 |
| 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 | $7,300,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,157,178 |
| 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 | $5,692 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $75 |
| 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 | $129,703 |
| All other expenses | -$6,872 |
| Total functional expenses | $7,300,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| 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 | $0 |
| 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 | $0 |
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