The Not Impossible Foundation INC EIN 45-1601262

The Not Impossible Foundation INC

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Empowers human potential through technology, entrepreneurship, and inspiring stories. For fiscal year 2024 it reported $261K in revenue, $181K in expenses, and $1.7M in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Venice, CA
Website
www.facebook.com/notimpossiblefoundation
Filings
5 on file (2020–2024)
Revenue
$261KFY2024
Expenses
$181K
Net assets
$1.7M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-1601262 Public charity (501(c)(3)) Venice, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers human potential through technology, entrepreneurship, and inspiring stories.
Leadership
Mike Blacker · President
Money in and out
$261K revenue, $181K expenses
Bottom line
45% program efficiency
Where the money goes · FY2024
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $81K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.55
Program efficiency
45%
of spending reaches programs▼ -38% vs prior filing year
Operating runway
98.9mo
months of highly liquid reserves at operating expense rate▲ +152% vs prior filing year
Surplus margin
+31%
revenue over expenses, this year▲ +216% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$261K
FY2024▼ -41%
Expenses
$181K
FY2024▼ -55%
Total assets
$1.7M
FY2024▲ +29%
Total liabilities
$14K
FY2024
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$81K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $76K of program spending, described in the organization's own filed words · FY2024.
01

Project Daniel

Project daniel was born out of a news story about an 11-YEAR-OLD, double amputee, living in one of the most dangerous war zones in the world. The not impossible foundation has been instrumental in helping daniel and two other young boys escape the refugee camps and finding a better life in kenya.

$65Kprogram expense
02

Not Impossible Institute

The mission of the not impossible institute is to empower people to shape their future and the future. We work with organizations to build the confidence, capacity, and skills of their communities to identify impossible challenges that hold them back and transition them from impossible to not impossible.

$8Kprogram expense
03

Project Homelessness

Is to provide support grants to organizations that prevent and end youth homelessness through supportive services, sustainable housing opportunities, community collaboration, and advocacy.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Not Impossible Foundation INC
EINHdr · item D45-1601262
Principal addressHdr · item CVenice, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G96)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chief Accounting Officer
$0Pt VII · Sec A
See The Not Impossible Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$229K · 88%
Investment income$24K · 9%
Program service revenue$8K · 3%
Contributions & grants88%$229K
Investment income9%$24K
Program service revenue3%$8K
Total revenueLn 12$261K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.55
Program services45%$82K
Management & general55%$99K
Total functional expensesLn 25$181K

Balance Sheet

Part X · end of year
CashLn 1$178K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$14K
Total net assetsLn 32$1.7M
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $181K
98.9 months
Where the money goes
Program services
Program services $82K · Total expenses $181K
45%
Management & General
Management & general $99K · Total expenses $181K
55%
Fundraising
Fundraising $0 · Total expenses $181K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $398K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $229K · Total revenue $261K
88%
Government reliance
Government grants — · Total revenue $261K
Earned-income share
Program service revenue $8K · Total revenue $261K
3%
Investment reliance
Investment income $24K · Total revenue $261K
+9%
Program self-sufficiency
Program service revenue $8K · Total expenses $181K
5%
Growth & trend
Revenue growth (YoY)
This year $261K · Prior year $444K
-41%
Revenue CAGR
FY2020 $514K · FY2024 $261K
-16%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $261K · Expenses $181K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.3M · Total assets (Pt X, ln 16) $1.7M
78%
People & payroll
Highest Reported Total Compensation
Individual Mike Blacker · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $181K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $181K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 55%
Fundraising cost ratio 0%
Revenue growth -41%
Investment management fee ratio 0.2%
Legal fee ratio 4%
Accounting fee ratio 5%

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 · FY2024
See all 4 funders →
Grants paid · 5 grants · $170K · 2020–2023
Samaritans PurseNC · FY2023$6,000
Samaritans PurseNC · FY2022$6,284
Year Up INCMA · FY2020$26,000

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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 (Latest)$261K revenue · viewing · ⤓ 990 PDF
FY2023$444K revenue · ⤓ 990 PDF
FY2022$813K revenue · ⤓ 990 PDF
FY2021$612K revenue · ⤓ 990 PDF
FY2020$514K 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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