Percent Impact Foundation
- Assets
- $27.8k
- Revenue
- $268.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-3165286
Organization Overview
Percent Impact Foundation is located in New York, NY. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Percent Impact Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR OBJECTIVE IS TO PROMOTE THE EFFICACY OF THE CHARITY SECTOR BY INCREASING DONOR CONTRIBUTIONS TO CHARITIES, WHERE THE DONORS ARE GIVEN THE OPPORTUNITY TO MAKE A RECOMMENDATION AS TO THE RECIPIENT OF THE FUNDS WILL BE TREATED AS A "DONOR ADVISED FUND" AS DEFINED UNDER SECTION 4966(D)(2) OF THE CODE. WE VET ALL BENEFITTING CHARITIES TO ENSURE THEY MEET OUR STRICT ELIGIBILITY CRITERIA AND USE THE CHARITABLE FUNDS WE DELIVER FOR CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT ONLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAMS - THE FOUNDATION PROVIDE GRANTS TO 501(C)(3) ORGANIZATIONS THAT ARE IN FURTHERANCE OF THE FOUNDATION'S EXEMPT PURPOSES. THERE IS NO REQUIRED APPLICATION NOR PROGRAMS, OUR DONATIONS ARE UNRESTRICTED TO THE EXTENT OF THE LAW, PROVIDED THE BENEFITTING ORGANIZATIONS ARE 501(C) 3 DELIVERING CHARITABLE ACTIVITIES FOR THE PUBLIC BENEFIT AT LARGE OR HAVE A VALID EQUIVALENCY DETERMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Halkias President | OfficerTrustee | 0.01 | $0 |
Lucie Greene Secretary | OfficerTrustee | 0.01 | $0 |
Lara Nagoski Treasurer | OfficerTrustee | 0.01 | $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 | $268,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,231 |
| 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 | $268,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,346 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $117,342 |
| 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 | $3,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,439 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,243 |
| Advertising and promotion | $0 |
| Office expenses | $1,310 |
| 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 | $1,294 |
| All other expenses | $0 |
| Total functional expenses | $243,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,833 |
| 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 | $27,833 |
| Accounts payable and accrued expenses | $1,788 |
| 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 | $1,788 |
| Net assets without donor restrictions | $26,045 |
| 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 | $27,833 |
Grants Awarded
Over the last fiscal year, Percent Impact Foundation has awarded $83,350 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DIBS FOR KIDS PURPOSE: SUPPORT FOR KIDS | $38,825 |
ECPAT USA PURPOSE: SUPPORT FOR KIDS | $19,835 |
DONOR'S FUND INC PURPOSE: SUPPORT CHARITABLE IMPACT | $18,725 |
AMERICAN HEART ASSOCIATION INC PURPOSE: SUPPORT PUBLIC HEALTH | $5,965 |