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Impact Hub Trust FY2023 filing

Tax-deductible

Vashon, WA501(c)(3)Since 2016Human Services EIN 81-4127514Revenue $747K in FY2023

On file with the IRSPo Box 1609, 98070-1609 · Vashon, WATax-exempt since Nov 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To support and promote a global ecosystem for the growth of social entrepreneurs.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $43K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$747K
-62% vs prior year
Spent
$689K
To programs
96%
Net assets
$425K
By yearFY2020–FY2025
Revenue
$747K
FY2023▼ -62%
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$370K
FY2022$2.0M
FY2023$747K
FY2024$665K
FY2025$943K
Expenses
$689K
FY2023▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$335K
FY2022$1.7M
FY2023$689K
FY2024$937K
FY2025$772K
Net assets
$425K
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$9K
FY2021$45K
FY2022$368K
FY2023$425K
FY2024$153K
FY2025$324K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2017.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $659K Management & general 4% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Howe
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Impact Hub Trust executive salaries →

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

Fosters growth for social entrepreneurs worldwide.

Questions for Impact Hub Trust

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Your first name shows with your question. Impact Hub Trust answers here, for everyone.

3 programs · $547K · in their own filed words · FY2023
01

Program to support women of color entrepreneurs who are building great businesses through long-term mentorship, combined with tailored programming, peer support, and curated access to potential customers, lenders and investors.

$200Kprogram expense
02

Climate solutions lab focused on equipping cities and the communities with solutions that can help curb the challenges of climate change.

$190Kprogram expense
03

Program aimed to empower early stage climate innovators and help them to speed up the commercialization process and scale their impact in order to catalyze a zero carbon future.

$157Kprogram 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 · FY2023
Boston Foundation INCFY2023$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 12 grants · $1.1M · 2020–2024
Women of Color Entrepreneurs INCMA · FY2024$132,659
Black Womens Player Collective INCCA · FY2023$100,000
Women of Color Entrepreneurs INCMA · FY2023$99,947
Lets DO Wrk LLCFY2022$100,000
Spiked Spin LLCFY2022$100,000
Naaya Wellness LLCFY2022$100,000
Healhaus LLCFY2022$100,000
The Ahmaud Arbery FoundationGA · FY2022$100,000
Hood HealthFY2022$100,000
R & B YogaFY2022$100,000
Impact Hub Boston Ma USAMA · FY2021$60,852
Impact Hub Boston-Startup MentorsMA · FY2020$36,702

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$747K
Ln 12
Gifts and grantsLn 1h$747K
Money outPt IX
$689K
Ln 25
Programscol B$659K
Managementcol C$30K
Owns and owesPt X
$425K
net assets · Ln 32
Cash and savingsLn 1–2$425K
Total assetsLn 16$425K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$747K
Total revenueLn 12$747K
Assets in detailPt X, end of year
CashLn 1$425K
Cash and savings togetherLn 1–2$425K
Total assetsLn 16$425K
LiabilitiesLn 26$0
Net assetsLn 32$425K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$450K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$368K$425K
Total assetsLn 16$368K$425K
LiabilitiesLn 26$0$0
Net assetsLn 32$368K$425K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$207K$207K
Grants and assistance to foreign recipientsLn 3$452K$452K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$703$703
Other expenses (24a–d)Ln 24$65$65
Total functional expensesLn 25$689K$659K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $943K$772K$171K$324K 990 PDF
FY2024Filed with the IRS May 7, 2025 $665K$937K−$272K$153K 990 PDF
FY2023 ViewingFiled with the IRS May 14, 2024 $747K$689K$57K$425K 990 PDF
FY2022Filed with the IRS May 4, 2023 $2.0M$1.7M$323K$368K 990 PDF
FY2021Filed with the IRS Apr 25, 2022 $370K$335K$35K$45K 990 PDF
FY2020Filed with the IRS Aug 27, 2021 $163K$220K−$57K$9K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $746,724 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,985,834$746,724
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,985,834$746,724
I-13 Grants and similar amounts paidPrior year $1,630,102$659,022
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,441$30,477
I-18 Total expensesPrior year $1,662,543$689,499
I-19 Revenue less expensesPrior year $323,291$57,225
Part VI · Governance 2 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $746,724 across 3 lines filed
VIII-1f All other contributions, gifts and grants$746,724
VIII-1h Total contributions, gifts and grants$746,724
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$746,724
Part IX · Statement of functional expenses $689,499 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $207,447$207,447
IX-3 Grants and assistance to foreign recipientsPrograms $451,575$451,575
IX-11b Legal feesManagement $25,000$25,000
IX-11c Accounting feesManagement $3,421$3,421
IX-11g Other fees for servicesManagement $1,288$1,288
IX-13 Office expensesManagement $703$703
IX-24 Other expenses (24a–d)Management $65$65
IX-25 Total functional expensesPrograms $659,022 · Management $30,477 · Fundraising $0$689,499
Part X · Balance sheet $425,079 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $367,854$425,079
X-16 Total assetsStart of year $367,854$425,079
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $59,894$66,650
X-28 Net assets with donor restrictionsStart of year $307,960$358,429
X-32 Total net assets or fund balancesStart of year $367,854$425,079
X-33 Total liabilities and net assetsStart of year $367,854$425,079
Part XI · Reconciliation of net assets $425,079 net assets at year end
XI-1 Total revenue$746,724
XI-2 Total expenses$689,499
XI-3 Revenue less expenses$57,225
XI-4 Net assets at start of year$367,854
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$425,079

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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