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Impetus INC FY2023 filing

Tax-deductible

Louisville, KY501(c)(4)Community DevelopmentEIN 82-2130061Revenue $201K in FY2023

On file with the IRS471 W Main St Ste 301, 40202-2940 · Louisville, KYTax-exempt since Mar 2018

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The organization's primary exempt purpose is to creatively solve pressing social and economic issues in the louisville, kentucky area.

501(c)(4) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
2 of 5
filings with a surplus
Average surplus $10K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$201K
-55% vs prior year
Spent
$214K
To programs
100%
Net assets
$408K
By yearFY2020–FY2025
Revenue
$201K
FY2023▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$126K
FY2021$292K
FY2022$452K
FY2023$201K
FY2024$142K
FY2025$117K
Expenses
$214K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$228K
FY2022$192K
FY2023$214K
FY2024$271K
FY2025$248K
Net assets
$408K
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$98K
FY2021$162K
FY2022$421K
FY2023$408K
FY2024$278K
FY2025$147K

From the FY2023 Form 990 · 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 Mar 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $214K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
Jennifer Hancock
Board Chair
$0Pt VII · Sec A
Alice Houston
Past Board Chair
$0Pt VII · Sec A
Logan Pichel
Treasurer
$0Pt VII · Sec A
Scott Catlett
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Impetus 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

Solves pressing social and economic issues creatively in Louisville, Kentucky.

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Provided by the organization

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1 program · $214K · in their own filed words · FY2023
01

The organization seeks to make lasting and sustainable change through its economic, public safety and education initiatives.

$214Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$201K
Ln 12
Fees for servicesLn 2g$201K
Money outPt IX
$214K
Ln 25
Programscol B$214K
Owns and owesPt X
$408K
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$408K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$201K
Total revenueLn 12$201K
Assets in detailPt X, end of year
CashLn 1$408K
Cash and savings togetherLn 1–2$408K
Total assetsLn 16$408K
LiabilitiesLn 26$0
Net assetsLn 32$408K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
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 FY23End FY23
Cash and savingsLn 1–2$421K$408K
Total assetsLn 16$421K$408K
LiabilitiesLn 26$0$0
Net assetsLn 32$421K$408K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$51K$51K
Other fees for servicesLn 11g$153K$153K
Office expensesLn 13$2K$2K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$4K$4K
Total functional expensesLn 25$214K$214K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $117K$248K−$131K$147K 990 PDF
FY2024 $142K$271K−$130K$278K 990 PDF
FY2023 Viewing $201K$214K−$13K$408K 990 PDF
FY2022 $452K$192K$259K$421K 990 PDF
FY2021 $292K$228K$64K$162K 990 PDF
FY2020 $126K$98K 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 FY2023 990 (6 parts)
Part I · Summary $201,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $409,587$0
I-9 Program service revenuePrior year $42,000$201,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $451,587$201,000
I-13 Grants and similar amounts paidPrior year $4,900$0
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 $187,400$213,980
I-18 Total expensesPrior year $192,300$213,980
I-19 Revenue less expensesPrior year $259,287−$12,980
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $201,000 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $201,000 · Unrelated business $0 · Excluded from tax $0$201,000
VIII-12 Total revenueRelated to mission $201,000 · Unrelated business $0 · Excluded from tax $0$201,000
Part IX · Statement of functional expenses $213,980 across 6 lines filed
IX-11c Accounting feesPrograms $1,200$1,200
IX-11d Lobbying feesPrograms $51,225$51,225
IX-11g Other fees for servicesPrograms $152,658$152,658
IX-13 Office expensesPrograms $2,008$2,008
IX-17 TravelPrograms $3,092$3,092
IX-19 Conferences, conventions and meetingsPrograms $3,797$3,797
IX-25 Total functional expensesPrograms $213,980 · Management $0 · Fundraising $0$213,980
Part X · Balance sheet $407,814 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $420,794$407,814
X-16 Total assetsStart of year $420,794$407,814
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $420,794$407,814
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $420,794$407,814
X-33 Total liabilities and net assetsStart of year $420,794$407,814
Part XI · Reconciliation of net assets $407,814 net assets at year end
XI-1 Total revenue$201,000
XI-2 Total expenses$213,980
XI-3 Revenue less expenses−$12,980
XI-4 Net assets at start of year$420,794
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$407,814

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

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