Ieg INC

IRS exemption revoked

Denver, COUnknown exempt organizationEIN 81-5025937Revenue $224K in FY2020

On file with the IRSimpactempowerment.org5405 E 33rd Avenue · Denver, CO

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The mission is to strengthen and build community by equipping and empowering our beneficiaries with the skills and tools they need to succeed through 3 programming areas: (1) gang and youth violence prevention and intervention,(2) workforce development, and (3)community development.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
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
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$155K
261% of total assets
Concern: liabilities are 261% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$224K
Spent
$183K
To programs
96%
Net assets
−$96K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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% · $175K Management & general 4% · $8K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman of
$0Pt VII · Sec A
Advisory Boa
$0Pt VII · Sec A
Advisory Boa
$0Pt VII · Sec A
See Ieg INC 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

Empowering people with skills for violence prevention, jobs, and community growth.

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Provided by the organization

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3 programs · $175K · in their own filed words · FY2020
01

Gang prevention & intervention (denver city and county)(psn). Ieg, inc. Receives funding from the city and county of denver through the grid (gang reduction initiative of denver) program and from the department of juvenile justice through PSN (project safe neighborhood) to provide gang prevention & intervention services in ne denver.

$128Kprogram expense
02

Teen resiliency (CHF) the CHF teen resiliency grant allowed us to hire three employees and provide expanded life coaching services to at-risk youth who are not affiliated with gangs and do not qualify to receive life coaching services from other funding sources. Life coaches are ieg, inc.

$42Kprogram expense
03

The funding from coag is used to support a pilot program developed by ieg to disrupt the school-to-prison pipeline. The pilot program takes a multitiered approach to impact the school-to-prison pipeline by developing and presenting trainings to educators around equity in school discipline practices and cultural responsiveness, providing…

$5Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$224K
Ln 12
Gifts and grantsLn 1h$224K
Investment incomeLn 3$13
Money outPt IX
$183K
Ln 25
Programscol B$175K
Managementcol C$8K
Owns and owesPt X
−$96K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$59K
LiabilitiesLn 26$155K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Government grantsLn 1e$151K
Investment incomeLn 3$13
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Other assetsLn 15$450
Total assetsLn 16$59K
LiabilitiesLn 26$155K
Net assetsLn 32−$96K
OperationsPt I, VI
EmployeesI 53
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
LineStart FY20End FY20
Cash and savingsLn 1–2$5K$59K
Total assetsLn 16$21K$59K
LiabilitiesLn 26$158K$155K
Net assetsLn 32−$137K−$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K$111K
Other salaries and wagesLn 7$3K$3K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$7K$335$7K
Other fees for servicesLn 11g$8K$8K
Office expensesLn 13$4K$4K$56
Information technologyLn 14$873$873
OccupancyLn 16$29K$29K
InsuranceLn 23$8K$7K$900
Total functional expensesLn 25$183K$175K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $224K$183K$41K−$96K 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 FY2020 990 (6 parts)
Part I · Summary $224,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $327,348$224,184
I-9 Program service revenue$0
I-10 Investment incomePrior year $19$13
I-11 Other revenue$0
I-12 Total revenuePrior year $327,367$224,197
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $297,097$126,728
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $148,001$56,220
I-18 Total expensesPrior year $445,098$182,948
I-19 Revenue less expensesPrior year −$117,731$41,249
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $224,197 across 5 lines filed
VIII-1e Government grants$151,039
VIII-1f All other contributions, gifts and grants$73,145
VIII-1h Total contributions, gifts and grants$224,184
VIII-3 Investment incomeRelated to mission $13$13
VIII-12 Total revenueRelated to mission $13$224,197
Part IX · Statement of functional expenses $182,948 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $110,878$110,878
IX-7 Other salaries and wagesPrograms $3,233$3,233
IX-10 Payroll taxesPrograms $12,617$12,617
IX-11c Accounting feesPrograms $335 · Management $7,030$7,365
IX-11g Other fees for servicesPrograms $7,590$7,590
IX-13 Office expensesPrograms $3,934 · Management $56$3,990
IX-14 Information technologyPrograms $873$873
IX-16 OccupancyPrograms $28,597$28,597
IX-23 InsurancePrograms $6,905 · Management $900$7,805
IX-25 Total functional expensesPrograms $174,962 · Management $7,986 · Fundraising $0$182,948
Part X · Balance sheet $59,470 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,947$59,020
X-15 Other assetsStart of year $450$450
X-16 Total assetsStart of year $21,024$59,470
X-17 Accounts payable and accrued expensesStart of year $6,055$26,853
X-19 Deferred revenueStart of year $10,000$10,000
X-24 Unsecured notes and loans payableStart of year $13,000$8,000
X-25 Other liabilitiesStart of year $128,963$110,362
X-26 Total liabilitiesStart of year $158,018$155,215
X-27 Net assets without donor restrictionsStart of year −$136,994−$95,745
X-32 Total net assets or fund balancesStart of year −$136,994−$95,745
X-33 Total liabilities and net assetsStart of year $21,024$59,470
Part XI · Reconciliation of net assets −$95,745 net assets at year end
XI-1 Total revenue$224,197
XI-2 Total expenses$182,948
XI-3 Revenue less expenses$41,249
XI-4 Net assets at start of year−$136,994
XI-10 Net assets at end of year−$95,745

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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