Impact Capital Managers INC FY2022 filing

New York, NYUnknown exempt organization EIN 83-3201824Revenue $491K in FY2022

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.

66¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
38 mo
of spending, in cash
Looks good: 37.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$491K
+39% vs prior year
Spent
$199K
To programs
66%
Net assets
$699K
By yearFY2020–FY2024
Revenue
$491K
FY2022▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$271K
FY2021$353K
FY2022$491K
FY2023$583K
FY2024$734K
Expenses
$199K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$169K
FY2021$187K
FY2022$199K
FY2023$394K
FY2024$853K
Net assets
$699K
FY2022▲ +71%
Tap a bar for its year
Net assets by fiscal year
FY2020$242K
FY2021$408K
FY2022$699K
FY2023$889K
FY2024$770K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

66 cents of each dollar spent went to programs.

Program services 66% · $131K Management & general 27% · $54K Fundraising 7% · $14K

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

14 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$67,008Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $131K · in their own filed words · FY2022
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…

$131Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$491K
Ln 12
Fees for servicesLn 2g$388K
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$14K
Money outPt IX
$199K
Ln 25
Programscol B$131K
Managementcol C$54K
Fundraisingcol D$14K
Owns and owesPt X
$699K
net assets · Ln 32
Cash and savingsLn 1–2$628K
Total assetsLn 16$730K
LiabilitiesLn 26$31K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fees for servicesLn 2g$388K
Other incomeLn 4–11$14K
Total revenueLn 12$491K
Assets in detailPt X, end of year
CashLn 1$628K
Cash and savings togetherLn 1–2$628K
Other assetsLn 15$99K
Total assetsLn 16$730K
LiabilitiesLn 26$31K
Net assetsLn 32$699K
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 FY22End FY22
Cash and savingsLn 1–2$367K$628K
Total assetsLn 16$417K$730K
LiabilitiesLn 26$9K$31K
Net assetsLn 32$408K$699K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$47K$13K$6K
Other salaries and wagesLn 7$62K$44K$12K$6K
Other employee benefitsLn 9$9K$6K$2K$804
Payroll taxesLn 10$10K$7K$2K$903
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$5K$4K$955
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$1K$246$798$129
Information technologyLn 14$3K$2K$527
OccupancyLn 16$8K$8K$839
TravelLn 17$12K$11K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$199K$131K$54K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $734K$853K−$119K$770K 990 PDF
FY2023 $583K$394K$190K$889K 990 PDF
FY2022 Viewing $491K$199K$291K$699K 990 PDF
FY2021 $353K$187K$166K$408K 990 PDF
FY2020 $271K$169K$102K$242K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $490,514 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,400$87,917
I-9 Program service revenuePrior year $284,368$388,181
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $5,830$14,416
I-12 Total revenuePrior year $352,598$490,514
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 $150,728$147,533
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,323$51,489
I-18 Total expensesPrior year $187,051$199,022
I-19 Revenue less expensesPrior year $165,547$291,492
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $490,514 across 5 lines filed
VIII-1f All other contributions, gifts and grants$87,917
VIII-1h Total contributions, gifts and grants$87,917
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $388,181$388,181
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $14,416$14,416
VIII-12 Total revenueRelated to mission $388,181 · Unrelated business $0 · Excluded from tax $14,416$490,514
Part IX · Statement of functional expenses $199,022 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $47,348 · Management $13,347 · Fundraising $6,313$67,008
IX-7 Other salaries and wagesPrograms $44,093 · Management $12,430 · Fundraising $5,880$62,403
IX-9 Other employee benefitsPrograms $6,032 · Management $1,700 · Fundraising $804$8,536
IX-10 Payroll taxesPrograms $6,774 · Management $1,909 · Fundraising $903$9,586
IX-11b Legal feesManagement $2,524$2,524
IX-11c Accounting feesManagement $13,140$13,140
IX-11g Other fees for servicesPrograms $4,256 · Management $955$5,211
IX-12 Advertising and promotionPrograms $1,363$1,363
IX-13 Office expensesPrograms $246 · Management $798 · Fundraising $129$1,173
IX-14 Information technologyPrograms $2,110 · Management $527$2,637
IX-16 OccupancyPrograms $7,550 · Management $839$8,389
IX-17 TravelPrograms $10,823 · Management $1,203$12,026
IX-23 InsuranceManagement $1,575$1,575
IX-24 Other expenses (24a–d)Management $3,451$3,451
IX-25 Total functional expensesPrograms $130,595 · Management $54,398 · Fundraising $14,029$199,022
Part X · Balance sheet $729,772 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $367,439$628,366
X-9 Prepaid expenses and deferred chargesStart of year $1,872$2,671
X-15 Other assetsStart of year $47,798$98,735
X-16 Total assetsStart of year $417,109$729,772
X-17 Accounts payable and accrued expensesStart of year $5,695$12,369
X-19 Deferred revenueStart of year $3,698$18,195
X-26 Total liabilitiesStart of year $9,393$30,564
X-27 Net assets without donor restrictionsStart of year $407,716$699,208
X-32 Total net assets or fund balancesStart of year $407,716$699,208
X-33 Total liabilities and net assetsStart of year $417,109$729,772
Part XI · Reconciliation of net assets $699,208 net assets at year end
XI-1 Total revenue$490,514
XI-2 Total expenses$199,022
XI-3 Revenue less expenses$291,492
XI-4 Net assets at start of year$407,716
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$699,208

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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