Impact Seven Incorporated: Nonprofit Profile, Financials & Form 990 (EIN 39-1141037)

Revenue by fiscal year
FY2020	$9.9M
FY2021	$17.9M
FY2022	$22.0M
FY2023	$22.9M
FY2024	$27.7M

Expenses by fiscal year
FY2020	$9.3M
FY2021	$7.8M
FY2022	$10.5M
FY2023	$11.8M
FY2024	$11.0M

Net assets by fiscal year
FY2020	$89.2M
FY2021	$99.3M
FY2022	$110.8M
FY2023	$121.9M
FY2024	$138.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1996.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

20%

Program services 80% · $8.7M Management & general 20% · $2.3M

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

21 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation

Brett Gerber

President/CEO

$533,520Pt VII · Sec A

Tom Patzman

VP Business Development

$305,547Pt VII · Sec A

Matt Pioske

Vice President of Accounting

$155,481Pt VII · Sec A

Carol Keen

Vice President of Re Devel

$151,630Pt VII · Sec A

Karen Fischer

VP Property Management

$147,661Pt VII · Sec A

Tad Giyan

Director of Business Devel

$141,919Pt VII · Sec A

Caroline Loyas

Director of Resource Devel

$124,030Pt VII · Sec A

Terra Pawliuk-Mcgiffin

Senior Director of Accounting

$112,881Pt VII · Sec A

Brett Gerber’s $534K as President/CEO is at the 81st percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Brett Gerber	$533,520	$509,396	$444,686	$414,367	$353,526
Tom Patzman	$305,547	$264,017	$227,840	$201,763	$193,568
Matt Pioske	$155,481	—	—	—	—
Carol Keen	$151,630	$137,487	—	—	—
Lisa Barkelar	—	—	$148,524	$145,169	$135,335
Karen Fischer	$147,661	$123,878	—	—	—
Tad Giyan	$141,919	$115,478	—	—	—
Caroline Loyas	$124,030	$113,408	$105,602	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Impact Seven Incorporated 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

Drives community growth by providing business loans, developing commercial real estate, and managing affordable housing for low-income families, seniors, and people with disabilities.

Provided by the organization

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1 program · $8.7M · in their own filed words · FY2024

01

Impact seven's business development provides financial products, development services and technical assistance for the creation or expansion of business, commercial real estate and housing development ENTERPRISES.- $33,995,730 in loans closed- 20 loans closed- 76 fte jobs created by borrowers- 129 fte jobs retatined by borrowersimpact…

$8.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Impact Acceptance CorporationFY2024$924K

Neighborhood Reinvestment CorporationFY2024$478K

Total grants receivedfrom 2 funders$1.4M

Grants paid · 59 grants · $1.7M · 2022–2022

Gorman Kenosha Heritage House Ll LLCFY2022$200,000

Endf3dk LLCFY2022$150,000

The Charmant Hotel LLCFY2022$150,000

Cherry Water LLCFY2022$100,000

Indianhead Community Action AgencyWI · FY2022$89,150

Union Corners Retail LLCFY2022$50,000

Riverside Corporate Wellness LLCFY2022$50,000

Coakley Brothers CompanyFY2022$50,000

Omnia Wood Products LLCFY2022$45,000

Artistic Plating CompanyFY2022$35,000

8355 St Marcus Lutheran SchoolWI · FY2022$30,000

Owkaanim LLCFY2022$27,000

Vrb Investments LLPFY2022$25,000

United Pioneer Home INCWI · FY2022$25,000

Sunshine Point LLCFY2022$25,000

Summit Lake Management LLCFY2022$25,000

Gerald L Ignace Indian Health Center INCWI · FY2022$25,000

Freshwater Plaza Mixed Use LLCFY2022$25,000

See all 59 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$27.7M

Ln 12

Fees for servicesLn 2g$26.0M

Investment incomeLn 3$1.8M

Money outPt IX

$11.0M

Ln 25

Programscol B$8.7M

Managementcol C$2.3M

Owns and owesPt X

$138.7M

net assets · Ln 32

Cash and savingsLn 1–2$41.5M

Total assetsLn 16$177.8M

LiabilitiesLn 26$39.1M

PeoplePt VI, VII

21

listed · VII A

PaidVII A8

Voting boardVI 1a15

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$26.0M

Investment incomeLn 3$1.8M

Gains on assetsLn 7$264K

Total revenueLn 12$27.7M

Assets in detailPt X, end of year

CashLn 1$30.4M

SavingsLn 2$11.0M

Cash and savings togetherLn 1–2$41.5M

InvestmentsLn 11–13$45.2M

Land, buildings, equipmentLn 10c$14.9M

Other assetsLn 15$4.9M

Total assetsLn 16$177.8M

LiabilitiesLn 26$39.1M

Net assetsLn 32$138.7M

OperationsPt I, VI

EmployeesI 597

VolunteersI 614

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$53.8M	$41.5M
InvestmentsLn 11–13	$42.8M	$45.2M
Land, buildings, equipmentLn 10c	$13.7M	$14.9M
Total assetsLn 16	$171.6M	$177.8M
LiabilitiesLn 26	$49.7M	$39.1M
Net assetsLn 32	$121.9M	$138.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$534K	$437K	$96K
Other salaries and wagesLn 7	$5.5M	$4.4M	$1.1M
Other employee benefitsLn 9	$691K	$400K	$291K
Payroll taxesLn 10	$234K	$174K	$60K
Legal feesLn 11b	$5K	$5K
Other fees for servicesLn 11g	$286K	$133K	$153K
Advertising and promotionLn 12	$8K	$8K
Office expensesLn 13	$133K	$99K	$34K
Information technologyLn 14	$240K	$192K	$48K
OccupancyLn 16	$254K	$211K	$43K
TravelLn 17	$96K	$93K	$3K
Conferences, conventions and meetingsLn 19	$87K		$87K
InterestLn 20	$996K	$800K	$197K
Depreciation, depletion and amortizationLn 22	$704K	$654K	$50K
InsuranceLn 23	$185K	$111K	$74K
Other expenses (24a–d)Ln 24	$1.0M	$1.0M	$30K
Total functional expensesLn 25	$11.0M	$8.7M	$2.3M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$27.7M	$11.0M	$16.8M	$138.7M	990 PDF
FY2023	$22.9M	$11.8M	$11.1M	$121.9M	990 PDF
FY2022	$22.0M	$10.5M	$11.5M	$110.8M	990 PDF
FY2021	$17.9M	$7.8M	$10.1M	$99.3M	990 PDF
FY2020	$9.9M	$9.3M	$549K	$89.2M	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 FY2024 990 (6 parts)

Part I · Summary $27,745,903 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $10,000,000$0

I-9 Program service revenuePrior year $11,931,979$25,977,200

I-10 Investment incomePrior year $940,113$1,768,703

I-11 Other revenuePrior year $200$0

I-12 Total revenuePrior year $22,872,292$27,745,903

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,493,304$6,955,821

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $7,270,614$4,039,799

I-18 Total expensesPrior year $11,763,918$10,995,620

I-19 Revenue less expensesPrior year $11,108,374$16,750,283

Part VI · Governance 14 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members14

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $27,745,903 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,977,200$25,977,200

VIII-3 Investment incomeExcluded from tax $1,505,039$1,505,039

VIII-7 Net gain or loss on sales of assetsRelated to mission $263,664$263,664

VIII-12 Total revenueRelated to mission $26,240,864 · Unrelated business $0 · Excluded from tax $1,505,039$27,745,903

Part IX · Statement of functional expenses $10,995,620 across 16 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $437,487 · Management $96,034$533,521

IX-7 Other salaries and wagesPrograms $4,412,755 · Management $1,085,230$5,497,985

IX-9 Other employee benefitsPrograms $400,024 · Management $290,515$690,539

IX-10 Payroll taxesPrograms $173,800 · Management $59,976$233,776

IX-11b Legal feesPrograms $5,023$5,023

IX-11g Other fees for servicesPrograms $132,878 · Management $153,286$286,164

IX-12 Advertising and promotionPrograms $8,130$8,130

IX-13 Office expensesPrograms $98,959 · Management $33,840$132,799

IX-14 Information technologyPrograms $192,452 · Management $47,908$240,360

IX-16 OccupancyPrograms $210,978 · Management $42,614$253,592

IX-17 TravelPrograms $92,664 · Management $2,854$95,518

IX-19 Conferences, conventions and meetingsManagement $86,735$86,735

IX-20 InterestPrograms $799,697 · Management $196,718$996,415

IX-22 Depreciation, depletion and amortizationPrograms $654,028 · Management $50,305$704,333

IX-23 InsurancePrograms $110,965 · Management $73,830$184,795

IX-24 Other expenses (24a–d)Programs $1,015,534 · Management $30,401$1,045,935

IX-25 Total functional expensesPrograms $8,745,374 · Management $2,250,246 · Fundraising $0$10,995,620

Part X · Balance sheet $177,778,706 assets, 18 lines filed

Asset lines not itemized here account for $66,949,878; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $40,524,701$30,448,594

X-2 Savings and temporary cash investmentsStart of year $13,298,973$11,042,360

X-4 Accounts receivableStart of year $795,780$1,409,985

X-9 Prepaid expenses and deferred chargesStart of year $1,113,377$2,903,917

X-10c Land, buildings and equipment, netStart of year $13,681,913$14,879,409

X-11 Publicly traded securitiesStart of year $1,929,135$1,949,635

X-13 Program-related investmentsStart of year $40,896,215$43,290,032

X-14 Intangible assets$26,358

X-15 Other assetsStart of year $4,905,050$4,878,538

X-16 Total assetsStart of year $171,598,284$177,778,706

X-17 Accounts payable and accrued expensesStart of year $1,395,661$1,800,227

X-19 Deferred revenueStart of year $8,952,425$8,722,225

X-25 Other liabilitiesStart of year $1,515,969$1,826,529

X-26 Total liabilitiesStart of year $49,664,837$39,094,976

X-27 Net assets without donor restrictionsStart of year $87,346,037$96,312,275

X-28 Net assets with donor restrictionsStart of year $23,479,036$25,621,172

X-32 Total net assets or fund balancesStart of year $121,933,447$138,683,730

X-33 Total liabilities and net assetsStart of year $171,598,284$177,778,706

Part XI · Reconciliation of net assets $138,683,730 net assets at year end

XI-1 Total revenue$27,745,903

XI-2 Total expenses$10,995,620

XI-3 Revenue less expenses$16,750,283

XI-4 Net assets at start of year$121,933,447

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$138,683,730

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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