Make an Impact Foundation INC FY2022 filing

Tax-deductible

Davidson, NC501(c)(3)Since 2010Foundations & GrantmakersEIN 27-3594856

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The organization's mission is to promote the education and well-being of children by identifying those in severe need (homeless, poverty, etc) as well as those with learning needs, emotional needs, disabilities or disease, and create opportunities to produce change in their lives. Our vision at maif is to meet the needs of children by identifying worthwhile projects, empowring project champions, and finding donor partners to help meet each need.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $9K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$321K
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$929K
+78% vs prior year
Spent
$865K
To programs
79%
Net assets
$261K
By yearFY2020–FY2024
Revenue
$929K
FY2022▲ +78%
Revenue by fiscal year
FY2020$815K
FY2021$522K
FY2022$929K
FY2023$1.4M
FY2024$1.3M
FY2024$776K
Expenses
$865K
FY2022▲ +77%
Expenses by fiscal year
FY2020$876K
FY2021$489K
FY2022$865K
FY2023$1.3M
FY2024$1.4M
FY2024$495K
Net assets
$261K
FY2022▲ +34%
Net assets by fiscal year
FY2020$161K
FY2021$195K
FY2022$261K
FY2023$354K
FY2024$182K
FY2024$427K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $687K Management & general 21% · $177K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
See Make an Impact Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Identifies and supports children in severe need, creating opportunities for positive life changes.

Provided by the organization

This section is blank until Make an Impact Foundation INC claims this page.

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3 program services account for $645K of program spending, described in the organization's own filed words · FY2021.
01

National playgrounds we bring the voices of underprivilged children into the community by creating a project platform for the communities we serve. We want to create a place where all kids have equal opportunity and ability to play freely without barriers to growth, dreams and imagination.

$446Kprogram expense
02

Mcip projects we work with businesses on their social impact model, executing projects related to their team's passions through employee time and financial contributions. These projects ultimately help children in need across the country.

$142Kprogram expense
03

Make an impact- kids play we bring the voices of underpriviledged children into the community by creating a project platform for the communitities we serve. We want to create a place where all kids have equal opportunity and ability to play freely without barriers to growth, dreams and imagination.

$57Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$929K
Ln 12
Fees for servicesLn 2g$795K
Gifts and grantsLn 1h$102K
Other incomeLn 4–11$31K
Money outPt IX
$865K
Ln 25
Programscol B$687K
Managementcol C$177K
Owns and owesPt X
$261K
net assets · Ln 32
Cash and savingsLn 1–2$520K
Total assetsLn 16$582K
LiabilitiesLn 26$321K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$102K
Fees for servicesLn 2g$795K
Other incomeLn 4–11$31K
Total revenueLn 12$929K
Assets in detailPt X, end of year
CashLn 1$520K
Cash and savings togetherLn 1–2$520K
Other assetsLn 15$42K
Total assetsLn 16$582K
LiabilitiesLn 26$321K
Net assetsLn 32$261K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6300
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$195K$520K
Total assetsLn 16$331K$582K
LiabilitiesLn 26$136K$321K
Net assetsLn 32$195K$261K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$107K$107K
Other employee benefitsLn 9$14K$14K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$201$12$189
OccupancyLn 16$18K$18K
TravelLn 17$2K$2K$321
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$697K$684K$13K
All other expensesLn 24e−$525$2K−$2K
Total functional expensesLn 25$865K$687K$177K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$1.4M−$178K$182K 990 PDF
FY2023 $1.4M$1.3M$95K$354K 990 PDF
FY2022 Viewing $929K$865K$64K$261K 990 PDF
FY2021 $522K$489K$34K$195K 990 PDF
FY2020 $815K$876K−$61K$161K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $928,779 across 5 lines filed
VIII-1f All other contributions, gifts and grants$101,945
VIII-1h Total contributions, gifts and grants$101,945
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $795,358$795,358
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,476$31,476
VIII-12 Total revenueRelated to mission $826,834$928,779
Part IX · Statement of functional expenses $864,564 across 12 lines filed
IX-7 Other salaries and wagesManagement $107,000$107,000
IX-9 Other employee benefitsManagement $14,028$14,028
IX-10 Payroll taxesManagement $9,163$9,163
IX-11c Accounting feesManagement $3,000$3,000
IX-11g Other fees for servicesManagement $9,805$9,805
IX-12 Advertising and promotionManagement $3,925$3,925
IX-13 Office expensesPrograms $12 · Management $189$201
IX-16 OccupancyManagement $18,037$18,037
IX-17 TravelPrograms $1,784 · Management $321$2,105
IX-23 InsuranceManagement $1,286$1,286
IX-24 Other expenses (24a–d)Programs $683,574 · Management $12,965$696,539
IX-24e All other expensesPrograms $1,751 · Management −$2,276−$525
IX-25 Total functional expensesPrograms $687,121 · Management $177,443 · Fundraising $0$864,564
Part X · Balance sheet $582,060 assets, 9 lines filed
Asset lines not itemized here account for $1,541; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $195,105$520,452
X-4 Accounts receivableStart of year $93,000$17,879
X-15 Other assetsStart of year $42,188$42,188
X-16 Total assetsStart of year $330,917$582,060
X-17 Accounts payable and accrued expensesStart of year $58,919$123,746
X-24 Unsecured notes and loans payableStart of year $77,300$197,200
X-26 Total liabilitiesStart of year $136,219$320,946
X-32 Total net assets or fund balancesStart of year $194,698$261,114
X-33 Total liabilities and net assetsStart of year $330,917$582,060
Part XI · Reconciliation of net assets $261,114 net assets at year end
XI-1 Total revenue$928,779
XI-2 Total expenses$864,564
XI-3 Revenue less expenses$64,215
XI-4 Net assets at start of year$194,698
XI-9 Other changes in net assets$2,201
XI-10 Net assets at end of year$261,114

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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