Impact Seven Incorporated

Tax-deductible

Rice Lake, WI501(c)(3)Since 1971Community DevelopmentEIN 39-1141037

Building capacity for communities by providing services and development in business, housing and property management.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 14 volunteers and 97 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
80%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$1.7M
to officers and key staff · 15% of spending
Pt VII · Sec A
Do they have reserves?
45 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $1.4M
Funders’ Sch. I, 990-PF
Do they carry debt?
$39.1M
liabilities
Pt X · Ln 26
Who oversees it?
14
independent of 15 voting board members
Pt VI · Ln 1a–1b
Revenue
$27.7M
+21% vs prior year
Spent
$11.0M
To programs
80%
Net assets
$138.7M
By yearFY2020–FY2024
Revenue
$27.7M
FY2024▲ +21%
Revenue by fiscal year
FY2020$9.9M
FY2021$17.9M
FY2022$22.0M
FY2023$22.9M
FY2024$27.7M
Expenses
$11.0M
FY2024▼ -7%
Expenses by fiscal year
FY2020$9.3M
FY2021$7.8M
FY2022$10.5M
FY2023$11.8M
FY2024$11.0M
Net assets
$138.7M
FY2024▲ +14%
Net assets by fiscal year
FY2020$89.2M
FY2021$99.3M
FY2022$110.8M
FY2023$121.9M
FY2024$138.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CImpact Seven Incorporated
EINHdr · item D39-1141037
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1996
Year of formationHdr · item L1971
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRice Lake, WI
NTEE classificationIRS BMFCommunity Development (S200)
WebsiteHdr · item Jwww.impactseven.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$8.7M
Management & general20%$2.3M
Total functional expensesLn 25$11.0M

Financial health

Is it on solid ground?

Program efficiency
80%
of spending reaches programs+0.2% vs prior filing year
Operating runway
47.4mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
+60%
revenue over expenses, this year▲ +24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$177.8M
FY2024▲ +4%
Total assets by fiscal year
FY2020$125.3M
FY2021$149.6M
FY2022$164.8M
FY2023$171.6M
FY2024$177.8M
Total liabilities
$39.1M
FY2024▼ -21%
Total liabilities by fiscal year
FY2020$36.1M
FY2021$50.3M
FY2022$53.9M
FY2023$49.7M
FY2024$39.1M
Revenue less expensesPt I · Ln 19$16.8M
Total assetsPt X · Ln 16$177.8M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$41.5M
Total assetsLn 16$177.8M
Total liabilitiesLn 26$39.1M
Total net assetsLn 32$138.7M
Months of cash on handcomputed45.3

Statement of Revenue

Part VIII
Program service revenue$26.0M · 94%
Investment income$1.8M · 6%
Program service revenue94%$26.0M
Investment income6%$1.8M
Total revenueLn 12$27.7M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $43.4M · Operating expenses/yr $11.0M
47.4 months
Where the money goes
Program services
Program services $8.7M · Total expenses $11.0M
80%
Management & General
Management & general $2.3M · Total expenses $11.0M
20%
Fundraising
Fundraising $0 · Total expenses $11.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3.3M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $27.7M
0%
Government reliance
Government grants — · Total revenue $27.7M
—
Earned-income share
Program service revenue $26.0M · Total revenue $27.7M
94%
Investment reliance
Investment income $1.8M · Total revenue $27.7M
+6%
Program self-sufficiency
Program service revenue $26.0M · Total expenses $11.0M
236%
Growth & trend
Revenue growth (YoY)
This year $27.7M · Prior year $22.9M
+21%
Revenue CAGR
FY2020 $9.9M · FY2024 $27.7M
+29%
Net-asset trend (YoY)
End of year $138.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $27.7M · Expenses $11.0M
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $177.8M
—
Net-asset ratio
Net assets $138.7M · Total assets $177.8M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $177.8M
1%
People & payroll
Highest Reported Total Compensation
Individual Brett Gerber · Reported title PRESIDENT/CEO · Highest reported compensation $534K · Total expenses $11.0M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.0M · Total expenses $11.0M
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Revenue growth 21%——
Legal fee ratio 0.05%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$533,520Pt VII · Sec A
VP Business Development
$305,547Pt VII · Sec A
Vice President of Accounting
$155,481Pt VII · Sec A
Vice President of Re Devel
$151,630Pt VII · Sec A
VP Property Management
$147,661Pt VII · Sec A
Director of Business Devel
$141,919Pt VII · Sec A
Director of Resource Devel
$124,030Pt VII · Sec A
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

NameFY2024FY2023FY2022FY2021FY2020
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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Governance & Policies

Part VI
  • 15Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

This section is blank until Impact Seven Incorporated claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $8.7M of program spending, described in the organization's 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

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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 · received and paid
Grants received · FY2024
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
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
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
Freshwater Plaza Mixed Use LLCFY2022$25,000
See all 59 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $27.7M$11.0M+21% 990 PDF
FY2023 $22.9M$11.8M+4% 990 PDF
FY2022 $22.0M$10.5M+23% 990 PDF
FY2021 $17.9M$7.8M+82% 990 PDF
FY2020 $9.9M$9.3M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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
Names, privacy, and removal requests More

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