Impact Fund
- Assets
- $2.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Berkeley, CA
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 94-3161863
Organization Overview
Impact Fund is located in Berkeley, CA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Impact Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Fund 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 06/2022, Impact Fund generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Impact Fund has awarded 146 individual grants totaling $2,550,865. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS, ADVOCACY, AND EDUCATION TO SUPPORT IMPACT LITIGATION ON BEHALF OF COMMUNITIES SEEKING ECONOMIC, ENVIRONMENTAL, RACIAL, AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS THE IMPACT FUND MAKES RECOVERABLE GRANTS TO LAWYERS, SMALL LAW FIRMS, AND NONPROFIT ORGANIZATIONS INVOLVED IN IMPACT LITIGATION. WE FUND CIVIL RIGHTS, HUMAN RIGHTS, ANTI-POVERTY, AND ENVIRONMENTAL JUSTICE CASES THAT WILL AFFECT A MARGINALIZED GROUP. MOST OF OUR GRANTS ARE FOR CLASS ACTIONS, BUT WE ALSO FUND MULTI-PLAINTIFF AND ENVIRONMENTAL JUSTICE CASES THAT AIM TO SIGNIFICANTLY AFFECT A LARGER SYSTEM OR LEAD TO SIGNIFICANT LAW REFORM. IN THE 2021/22 FISCAL YEAR, THE IMPACT FUND DISBURSED A TOTAL OF $385,635 IN GRANT FUNDING VIA 24 RECOVERABLE GRANTS. THE IMPACT FUND HAS COMMITTED AROUND $8 MILLION TO JUSTICE-RELATED CAUSES SINCE THE ORGANIZATIONS INCEPTION.
ADVOCACY WE ADVOCATE FOR ECONOMIC, ENVIRONMENTAL, RACIAL, AND SOCIAL JUSTICE AS BOTH LEAD AND CO-COUNSEL IN A SMALL NUMBER OF COMPLEX IMPACT LITIGATION CASES. WE ALSO AUTHOR SEVERAL AMICUS BRIEFS IN IMPORTANT CLASS ACTION CASES EACH YEAR AND PARTICIPATE IN NOTICE AND COMMENT RULEMAKING FOR ADMINISTRATIVE RULES AND REGULATIONS ON RELEVANT ISSUES.
EDUCATION AND TRAINING IN SEPTEMBER, WE PRESENTED OUR THREE-DAY CLASS ACTION TRAINING INSTITUTE, TAKING STUDENTS THROUGH ALL THE PHASES OF A MOCK CLASS ACTION. IN FEBRUARY, WE PRESENTED OUR ANNUAL CLASS ACTION CONFERENCE, WHICH ATTRACTED 450 PRACTITIONERS FROM AROUND THE NATION, SHARING CURRENT NEWS, DEVELOPMENTS, AND BEST PRACTICES FOR CLASS ACTION LITIGATION. WE ALSO PRESENTED MULTIPLE TRAINING COURSES, SEMINARS, AND WORKSHOPS ON CLASS ACTION STRATEGY, CURRENT ISSUES, AND PRACTICAL SKILLS FOR CLASS ACTION PRACTITIONERS AND LEGAL SERVICES ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Nako Director Of Litigation And Training | 40 | $160,179 | |
Edward Basham-Witherington Deputy Dir. | 40 | $146,191 | |
Jocelyn Larkin Executive Dir. | Officer | 40 | $141,136 |
Amy Daniewicz Grant Program Dir. | 40 | $111,800 | |
Christian Schreiber Board Chair | OfficerTrustee | 1 | $0 |
Cecilia Mansilla Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $371,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,544,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,916,011 |
| Total Program Service Revenue | $591,114 |
| Investment income | $35,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51,828 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,594,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $340,635 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $301,315 |
| Compensation of current officers, directors, key employees. | $46,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147,694 |
| Payroll taxes | $75,677 |
| 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 | $139,818 |
| Advertising and promotion | $28,141 |
| Office expenses | $30,432 |
| Information technology | $46,582 |
| Royalties | $0 |
| Occupancy | $296,063 |
| Travel | $6,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,306 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,195 |
| Insurance | $5,099 |
| All other expenses | $0 |
| Total functional expenses | $2,322,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,746 |
| Savings and temporary cash investments | $1,056,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,332 |
| 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 | $52,333 |
| Net Land, buildings, and equipment | $42,994 |
| Investments—publicly traded securities | $1,310,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,970 |
| Total assets | $2,672,702 |
| Accounts payable and accrued expenses | $258,985 |
| Grants payable | $0 |
| Deferred revenue | $66,522 |
| 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 | $325,507 |
| Net assets without donor restrictions | $2,156,760 |
| Net assets with donor restrictions | $190,435 |
| 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 | $2,672,702 |
Grants Awarded
Over the last fiscal year, Impact Fund has awarded $340,635 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS LIVING OF METROPOLITAN | | | $10,000 |
CALIFORNIA COASTKEEPER ALLIAN | | | $28,000 |
CHANNEL LAW GROUP LLP | | | $10,000 |
CHILDRENS RIGHTS | | | $50,000 |
COMMUNITY ENVIRONMENTAL LEGAL | | | $12,000 |
CRIMINAL JUSTICE AND CIVIL RI | | | $10,000 |