Impact Ventures Accelerator EIN 83-0699171 Form 990 (PDF) Claim this org

Impact Ventures Accelerator FY2021 filing

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Empowers underestimated women and communities of color to build generational wealth through entrepreneurship and integrated capital. For fiscal year 2021 it reported $757K in revenue, $342K in expenses, and $516K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Dallas, TX
Website
impact-ventures.co
Filings
5 on file (2020–2021)
Revenue
$757KFY2021
Expenses
$342K
Net assets
$516K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0699171 Public charity (501(c)(3)) Dallas, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Empowers underestimated women and communities of color to build generational wealth through entrepreneurship and integrated capital.
Leadership
Benjamin Vann · Founder & CEO · $109K
Money in and out
$757K revenue, $342K expenses
Bottom line
70% program efficiency
Where the money goes · FY2021
Total revenue
$757K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$516K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $415K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.05 Fundraising $0.25
Program efficiency
70%
of spending reaches programs
Operating runway
14.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+55%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$757K
FY2021▲ +296%
Expenses
$342K
FY2021
Total assets
$735K
FY2021
Total liabilities
$219K
FY2021
Total revenue
$757K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$516K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$415K
Total assetsPt X · Ln 16$735K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2021.
01

In 2021, Impact Ventures supported 84 companies and 120 underestimated women and BIPOC entrepreneurs through its flagship accelerator program. Founders received over 4,173 hours of training, mentorship, and technical assistance from the support of 168 mentors.

$240Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CImpact Ventures Accelerator
EINHdr · item D83-0699171
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jimpact-ventures.co
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Founder & CEO
$109,250Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Benjamin Vann’s $168K as Founder & CEO is at the 73rd percentile of top reported officer pay among 3393 $1–10M education 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Benjamin Vann$168,333$152,292$136,084$109,250$24,250

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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Statement of Revenue

Part VIII
Contributions & grants$738K · 97%
Program service revenue$19K · 3%
Contributions & grants97%$738K
Program service revenue3%$19K
Investment income$9
Total revenueLn 12$757K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.05 Fundraising $0.25
Program services70%$240K
Management & general5%$18K
Fundraising25%$84K
Total functional expensesLn 25$342K

Balance Sheet

Part X · end of year
CashLn 1$418K
Total assetsLn 16$735K
Total liabilitiesLn 26$219K
Total net assetsLn 32$516K
Months of cash on handcomputed14.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $418K · Operating expenses/yr $342K
14.7 months
Where the money goes
Program services
Program services $240K · Total expenses $342K
70%
Management & General
Management & general $18K · Total expenses $342K
5%
Fundraising
Fundraising $84K · Total expenses $342K
25%
Cost to raise $1
Fundraising expense $84K · Solicited contributions $738K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $738K · Total revenue $757K
97%
Government reliance
Government grants — · Total revenue $757K
Earned-income share
Program service revenue $19K · Total revenue $757K
3%
Investment reliance
Investment income $9 · Total revenue $757K
<0.01%
Program self-sufficiency
Program service revenue $19K · Total expenses $342K
6%
Growth & trend
Revenue growth (YoY)
This year $757K · Prior year $191K
+296%
Net-asset trend (YoY)
End of year $516K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $757K · Expenses $342K
+55%
Liabilities-to-Assets
Total liabilities — · Total assets $735K
Net-asset ratio
Net assets $516K · Total assets $735K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $735K
0%
People & payroll
Highest Reported Total Compensation
Individual Benjamin Vann · Reported title Founder & CEO · Highest reported compensation $109K · Total expenses $342K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $109K · Total expenses $342K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 5%
Fundraising cost ratio 11%
Revenue growth 296%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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
Total grants receivedfrom 4 funders$440K
See all 4 funders →
Grants paid · 12 grants · $125K · 2021–2024
Lumin Diagnostic Services LLCFY2024$10,000
Dream Perf Fitness StudioFY2024$10,000
316 CollectionFY2024$10,000
A Holistic Therapy Group LLCFY2024$7,500
Redline Carriers LLCFY2023$15,000
Eye Candy Creations LLCFY2023$10,000
Breathe Motiv DBA VelavidaFY2023$7,500
Yezis LLC DBA Simpleaf BrandsFY2022$10,000
Sweet Pea Solutions INCFY2022$10,000
Mango Corp DBA Trash Scan AppFY2022$10,000
The Good JerkyFY2021$15,000
Funky Mello LLCFY2021$10,000

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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)$1.2M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$996K revenue · ⤓ 990 PDF
FY2021$757K revenue · viewing · ⤓ 990 PDF
FY2020$191K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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