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
81 cents of each dollar spent went to programs.
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
19 people listed on the 990; $1.1M paid to officers and key staff.
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.
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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.
Questions for Impact Seven Incorporated
Your first name shows with your question. Impact Seven Incorporated answers here, for everyone.
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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.- $26,600,000 in loans closed- 19 loans closed- 75 fte jobs created by borrowers- 329 fte jobs retatined by borrowersimpact…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $26.9M | $44.4M |
| InvestmentsLn 11–13 | $49.2M | $45.2M |
| Land, buildings, equipmentLn 10c | $14.7M | $14.7M |
| Total assetsLn 16 | $149.6M | $164.8M |
| LiabilitiesLn 26 | $50.3M | $53.9M |
| Net assetsLn 32 | $99.3M | $110.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.7M | $1.7M | ||
| Pay of current officers, directors and key staffLn 5 | $626K | $513K | $113K | |
| Other salaries and wagesLn 7 | $2.3M | $1.4M | $865K | |
| Other employee benefitsLn 9 | $622K | $404K | $218K | |
| Payroll taxesLn 10 | $208K | $160K | $47K | |
| Management feesLn 11a | $41K | $41K | ||
| Legal feesLn 11b | $36K | $36K | ||
| Accounting feesLn 11c | $26K | $26K | ||
| Other fees for servicesLn 11g | $419K | $295K | $124K | |
| Advertising and promotionLn 12 | $33K | $33K | $677 | |
| Office expensesLn 13 | $156K | $123K | $32K | |
| Information technologyLn 14 | $205K | $170K | $35K | |
| OccupancyLn 16 | $608K | $583K | $25K | |
| TravelLn 17 | $112K | $106K | $7K | |
| Conferences, conventions and meetingsLn 19 | $37K | $37K | ||
| InterestLn 20 | $1.0M | $1.0M | ||
| Depreciation, depletion and amortizationLn 22 | $1.1M | $1.1M | $58K | |
| InsuranceLn 23 | $131K | $95K | $35K | |
| Other expenses (24a–d)Ln 24 | $1.1M | $663K | $429K | |
| All other expensesLn 24e | $97 | $97 | ||
| Total functional expensesLn 25 | $10.5M | $8.4M | $2.0M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $27.7M | $11.0M | $16.8M | $138.7M | 990 PDF |
| FY2023 | $22.9M | $11.8M | $11.1M | $121.9M | 990 PDF |
| FY2022 Viewing | $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
See the full FY2022 990 (6 parts)
Part I · Summary $21,975,718 revenue, 12 lines filed
Part VI · Governance 14 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $21,975,718 across 5 lines filed
Part IX · Statement of functional expenses $10,452,205 across 20 lines filed
Part X · Balance sheet $164,773,498 assets, 17 lines filed
Part XI · Reconciliation of net assets $110,825,073 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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