Impact Capital Managers INC FY2023 filing

New York, NYUnknown exempt organization EIN 83-3201824Revenue $583K in FY2023

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.

74¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
21 mo
of spending, in cash
Looks good: 21.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
3% of total assets
Looks good: liabilities are 3% 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
$583K
+19% vs prior year
Spent
$394K
To programs
74%
Net assets
$889K
By yearFY2020–FY2024
Revenue
$583K
FY2023▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$271K
FY2021$353K
FY2022$491K
FY2023$583K
FY2024$734K
Expenses
$394K
FY2023▲ +98%
Tap a bar for its year
Expenses by fiscal year
FY2020$169K
FY2021$187K
FY2022$199K
FY2023$394K
FY2024$853K
Net assets
$889K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$242K
FY2021$408K
FY2022$699K
FY2023$889K
FY2024$770K

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 (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

74 cents of each dollar spent went to programs.

Program services 74% · $292K Management & general 20% · $80K Fundraising 5% · $21K

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; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$86,983Pt 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 · $292K · in their own filed words · FY2023
01

-organized and administered over 50 events for members, including but not limited to: co-investment calls, monthly peer learning workshops, working group committee meetings, outside speakers series on impact management, legal strategies for impact funds, fundraising masterclasses, non-transactional meet and greets with impact allocators…

$292Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$583K
Ln 12
Fees for servicesLn 2g$543K
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$5K
Money outPt IX
$394K
Ln 25
Programscol B$292K
Managementcol C$80K
Fundraisingcol D$21K
Owns and owesPt X
$889K
net assets · Ln 32
Cash and savingsLn 1–2$694K
Total assetsLn 16$916K
LiabilitiesLn 26$27K
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$35K
Fees for servicesLn 2g$543K
Other incomeLn 4–11$5K
Total revenueLn 12$583K
Assets in detailPt X, end of year
CashLn 1$694K
Cash and savings togetherLn 1–2$694K
Other assetsLn 15$209K
Total assetsLn 16$916K
LiabilitiesLn 26$27K
Net assetsLn 32$889K
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 FY23End FY23
Cash and savingsLn 1–2$628K$694K
Total assetsLn 16$730K$916K
LiabilitiesLn 26$31K$27K
Net assetsLn 32$699K$889K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$63K$15K$8K
Other salaries and wagesLn 7$109K$79K$19K$11K
Other employee benefitsLn 9$7K$5K$1K$642
Payroll taxesLn 10$16K$11K$3K$2K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$36K$36K$92
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$10K$9K$982
Information technologyLn 14$7K$7K
OccupancyLn 16$20K$18K$2K
TravelLn 17$39K$39K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$15K$15K$308
Total functional expensesLn 25$394K$292K$80K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $734K$853K−$119K$770K 990 PDF
FY2023 Viewing $583K$394K$190K$889K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $583,296 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,917$35,000
I-9 Program service revenuePrior year $388,181$542,871
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $14,416$5,425
I-12 Total revenuePrior year $490,514$583,296
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 $147,533$218,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,489$175,749
I-18 Total expensesPrior year $199,022$393,749
I-19 Revenue less expensesPrior year $291,492$189,547
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 $583,296 across 5 lines filed
VIII-1f All other contributions, gifts and grants$35,000
VIII-1h Total contributions, gifts and grants$35,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $542,871$542,871
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,425$5,425
VIII-12 Total revenueRelated to mission $548,296 · Unrelated business $0 · Excluded from tax $0$583,296
Part IX · Statement of functional expenses $393,749 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,257 · Management $15,292 · Fundraising $8,434$86,983
IX-7 Other salaries and wagesPrograms $79,034 · Management $19,108 · Fundraising $10,538$108,680
IX-9 Other employee benefitsPrograms $4,814 · Management $1,164 · Fundraising $642$6,620
IX-10 Payroll taxesPrograms $11,431 · Management $2,762 · Fundraising $1,524$15,717
IX-11b Legal feesManagement $17,654$17,654
IX-11c Accounting feesManagement $20,790$20,790
IX-11g Other fees for servicesPrograms $35,989 · Management $92$36,081
IX-12 Advertising and promotionPrograms $4,334$4,334
IX-13 Office expensesPrograms $8,839 · Management $982$9,821
IX-14 Information technologyPrograms $7,165$7,165
IX-16 OccupancyPrograms $18,262 · Management $2,029$20,291
IX-17 TravelPrograms $38,662$38,662
IX-23 InsurancePrograms $5,769$5,769
IX-24 Other expenses (24a–d)Programs $14,874 · Management $308$15,182
IX-25 Total functional expensesPrograms $292,430 · Management $80,181 · Fundraising $21,138$393,749
Part X · Balance sheet $915,988 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $628,366$693,702
X-9 Prepaid expenses and deferred chargesStart of year $2,671$12,826
X-15 Other assetsStart of year $98,735$209,460
X-16 Total assetsStart of year $729,772$915,988
X-17 Accounts payable and accrued expensesStart of year $12,369$27,233
X-26 Total liabilitiesStart of year $30,564$27,233
X-27 Net assets without donor restrictionsStart of year $699,208$888,755
X-32 Total net assets or fund balancesStart of year $699,208$888,755
X-33 Total liabilities and net assetsStart of year $729,772$915,988
Part XI · Reconciliation of net assets $888,755 net assets at year end
XI-1 Total revenue$583,296
XI-2 Total expenses$393,749
XI-3 Revenue less expenses$189,547
XI-4 Net assets at start of year$699,208
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$888,755

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

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