Impact Capital Managers INC FY2021 filing

New York, NYUnknown exempt organization EIN 83-3201824Revenue $353K in FY2021Latest return filed Nov 14, 2025

On file with the IRSCo Liquidnet 620 8th Ave No 17 · New York, NY

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The corporation was formed for the following purposes - to support the development of the private Capital Impact investing industry, to educate Impact investors, to develop and share data, best practices, policies, and professional standards for Impact investors, to promote diversity, equity, and inclusion in Impact investing, and any other activities that promote the common business interest of Impact investors and the Impact investing community.

65¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $126K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 23.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$353K
+30% vs prior year
Spent
$187K
To programs
65%
Net assets
$408K
By yearFY2020–FY2024
Revenue
$353K
FY2021▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$271K
FY2021$353K
FY2022$491K
FY2023$583K
FY2024$734K
Expenses
$187K
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$169K
FY2021$187K
FY2022$199K
FY2023$394K
FY2024$853K
Net assets
$408K
FY2021▲ +68%
Tap a bar for its year
Net assets by fiscal year
FY2020$242K
FY2021$408K
FY2022$699K
FY2023$889K
FY2024$770K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $121K Management & general 27% · $51K Fundraising 8% · $15K

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

13 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,320Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marieke Spence$90,186$86,983$67,008$60,320$68,519
Diane Kulju$69,247————
Garrett Jaso$54,467————

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.

See Impact Capital Managers INC 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 15aYes

Programs and updates

Advance private capital impact investing through education, data, and best practices.

Questions for Impact Capital Managers INC

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1 program · $121K · in their own filed words · FY2021
01

- organized and administered over 60 events for members, including but not limited to: co-investment calls, monthly peer learning workshops and curated outside speakers series on impact management, legal strategies for impact funds, fundraising masterclasses, non-transactional meet and greets with impact allocators, regional impact…

$121Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$353K
Ln 12
Fees for servicesLn 2g$284K
Gifts and grantsLn 1h$62K
Other incomeLn 4–11$6K
Money outPt IX
$187K
Ln 25
Programscol B$121K
Managementcol C$51K
Fundraisingcol D$15K
Owns and owesPt X
$408K
net assets · Ln 32
Cash and savingsLn 1–2$367K
Total assetsLn 16$417K
LiabilitiesLn 26$9K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fees for servicesLn 2g$284K
Other incomeLn 4–11$6K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$367K
Cash and savings togetherLn 1–2$367K
Other assetsLn 15$48K
Total assetsLn 16$417K
LiabilitiesLn 26$9K
Net assetsLn 32$408K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
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 FY21End FY21
Cash and savingsLn 1–2$31K$367K
Total assetsLn 16$267K$417K
LiabilitiesLn 26$25K$9K
Net assetsLn 32$242K$408K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$43K$11K$6K
Other salaries and wagesLn 7$73K$52K$14K$7K
Other employee benefitsLn 9$7K$5K$1K$643
Payroll taxesLn 10$11K$8K$2K$1K
Legal feesLn 11b$4K$3K$960
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$189$39$129$21
Information technologyLn 14$735$735
TravelLn 17$128$128
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$187K$121K$51K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $734K$853K−$119K$770K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $583K$394K$190K$889K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $491K$199K$291K$699K 990 PDF
FY2021 ViewingFiled with the IRS Aug 15, 2023 $353K$187K$166K$408K 990 PDF
FY2020Filed with the IRS Aug 15, 2023 $271K$169K$102K$242K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $352,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,643$62,400
I-9 Program service revenuePrior year $267,367$284,368
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$5,830
I-12 Total revenuePrior year $271,010$352,598
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $129,510$150,728
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $39,141$36,323
I-18 Total expensesPrior year $168,651$187,051
I-19 Revenue less expensesPrior year $102,359$165,547
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $352,598 across 5 lines filed
VIII-1f All other contributions, gifts and grants$62,400
VIII-1h Total contributions, gifts and grants$62,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $284,368$284,368
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,830$5,830
VIII-12 Total revenueRelated to mission $284,368 · Unrelated business $0 · Excluded from tax $5,830$352,598
Part IX · Statement of functional expenses $187,051 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,220 · Management $11,337 · Fundraising $5,763$60,320
IX-7 Other salaries and wagesPrograms $52,392 · Management $13,742 · Fundraising $6,985$73,119
IX-9 Other employee benefitsPrograms $4,821 · Management $1,264 · Fundraising $643$6,728
IX-10 Payroll taxesPrograms $7,568 · Management $1,984 · Fundraising $1,009$10,561
IX-11b Legal feesManagement $3,299 · Fundraising $960$4,259
IX-11c Accounting feesManagement $12,007$12,007
IX-11g Other fees for servicesManagement $4,827$4,827
IX-13 Office expensesPrograms $39 · Management $129 · Fundraising $21$189
IX-14 Information technologyPrograms $735$735
IX-17 TravelPrograms $128$128
IX-23 InsuranceManagement $1,990$1,990
IX-24 Other expenses (24a–d)Programs $12,188$12,188
IX-25 Total functional expensesPrograms $121,091 · Management $50,579 · Fundraising $15,381$187,051
Part X · Balance sheet $417,109 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $30,580$367,439
X-9 Prepaid expenses and deferred chargesStart of year $987$1,872
X-15 Other assetsStart of year $229,710$47,798
X-16 Total assetsStart of year $267,317$417,109
X-17 Accounts payable and accrued expensesStart of year $11,068$5,695
X-19 Deferred revenueStart of year $14,080$3,698
X-26 Total liabilitiesStart of year $25,148$9,393
X-27 Net assets without donor restrictionsStart of year $242,169$407,716
X-32 Total net assets or fund balancesStart of year $242,169$407,716
X-33 Total liabilities and net assetsStart of year $267,317$417,109
Part XI · Reconciliation of net assets $407,716 net assets at year end
XI-1 Total revenue$352,598
XI-2 Total expenses$187,051
XI-3 Revenue less expenses$165,547
XI-4 Net assets at start of year$242,169
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$407,716

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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