Impact Evv INC EIN 36-4780621

Impact Evv INC FY2024 filing

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Strengthens communities by improving economic development, education, healthcare, and local quality of life. For fiscal year 2024 it reported $475K in revenue, $873K in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Evansville, IN
Website
www.swinchamber.com
Filings
5 on file (2020–2024)
Revenue
$475KFY2024
Expenses
$873K
Net assets
$1.3M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4780621 Public charity (501(c)(3)) Evansville, IN
Form 990 (PDF)
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Size
<$100K
What they do
Strengthens communities by improving economic development, education, healthcare, and local quality of life.
Leadership
Laura Scott · Chair
Money in and out
$475K revenue, $873K expenses
Bottom line
74% program efficiency
Where the money goes · FY2024
Total revenue
$475K
Pt VIII · Ln 12
Total expenses
$873K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$398K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26
Program efficiency
74%
of spending reaches programs
Operating runway
18.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-84%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$475K
FY2024▼ -75%
Expenses
$873K
FY2024▲ +63%
Total assets
$1.4M
FY2024▼ -18%
Total liabilities
$128K
FY2024▲ +345%
Total revenue
$475K
Pt VIII · Ln 12
Total expenses
$873K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$398K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $645K of program spending, described in the organization's own filed words · FY2023.
01

Supporting efforts that strengthen the community through initiatives that improve economic development, our educational and health care institutions, and the quality of life in the area.

$645Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CImpact Evv INC
EINHdr · item D36-4780621
Principal addressHdr · item CEvansville, IN
WebsiteHdr · item Jwww.swinchamber.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$475K
— government grantsLn 1e$407K
Total revenueLn 12$475K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$645K
Management & general26%$228K
Total functional expensesLn 25$873K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$128K
Total net assetsLn 32$1.3M
Months of cash on handcomputed18.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $873K
18.4 months
Where the money goes
Program services
Program services $645K · Total expenses $873K
74%
Management & General
Management & general $228K · Total expenses $873K
26%
Fundraising
Fundraising $0 · Total expenses $873K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $123K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $475K · Total revenue $475K
100%
Government reliance
Government grants $407K · Total revenue $475K
86%
Earned-income share
Program service revenue $0 · Total revenue $475K
0%
Investment reliance
Investment income $0 · Total revenue $475K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $873K
0%
Growth & trend
Revenue growth (YoY)
This year $475K · Prior year $1.9M
-75%
Revenue CAGR
FY2019 $354K · FY2023 $475K
+8%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $475K · Expenses $873K
-84%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura Scott · Reported title CHAIR · Highest reported compensation $0 · Total expenses $873K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $873K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 26%
Fundraising cost ratio 0%
Revenue growth -75%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$200K
Grants paid · 12 grants · $876K · 2019–2024
Bedford CollabFY2024$25,000
Unitemized GrantFY2024$17,500
Evansville Parks and Recreation DepartmentFY2023$200,000
Unitemized GrantFY2023$67,500
University of EvansvilleIN · FY2023$18,500
Unitemized GrantFY2022$27,500
Tmap LLCFY2021$77,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$475K revenue · viewing · ⤓ 990 PDF
FY2023$1.9M revenue · ⤓ 990 PDF
FY2022$41K revenue · ⤓ 990 PDF
FY2021$256K revenue · ⤓ 990 PDF
FY2020$354K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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