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Guided Impact Foundation INC

Tax-deductible

Wake Forest, NC501(c)(3)ReligionEIN 83-3376945Revenue $557K in FY2024

On file with the IRSguidedimpact.co3505 Fairstone Rd, 27587-3470 · Wake Forest, NCTax-exempt since Jun 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Guided Impact Foundation hosts events and gives money to nonprofits who need services to allow their nonprofit to thrive but do not have the funds to hire these services.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
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
3 of 5
filings with a surplus
Average surplus $11K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $244K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$557K
+23% vs prior year
Spent
$490K
To programs
89%
Net assets
$11K
By yearFY2020–FY2024
Revenue
$557K
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$266K
FY2021$372K
FY2022$629K
FY2023$451K
FY2024$557K
Expenses
$490K
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$372K
FY2022$601K
FY2023$378K
FY2024$490K
Net assets
$11K
FY2024▲ +123%
Tap a bar for its year
Net assets by fiscal year
FY2020−$101K
FY2021−$88K
FY2022−$68K
FY2023−$49K
FY2024$11K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2020.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $435K Management & general 11% · $55K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Andrew Wilkinson
Board Member
$0Pt VII · Sec A
Gabriel Williams
Board Member
$0Pt VII · Sec A
Gray Hipp
Board Member
$0Pt VII · Sec A
Steve Noble
Board Member
$0Pt VII · Sec A
Amber Lehman
Board Member
$0Pt VII · Sec A
Karin Drum
Board Member
$0Pt VII · Sec A
Mark Bentley
Executive Director
$0Pt VII · Sec A

Mark Bentley’s $124K as Executive Director is at the 95th percentile of top reported officer pay among 2133 $100K–1M religion 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.

See Guided Impact Foundation 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 15aYes

Programs and updates

Funds nonprofits needing services to thrive but lacking the money to pay for them.

Questions for Guided Impact Foundation INC

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Provided by the organization

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1 program · $435K · in their own filed words · FY2024
01

Various events designed and executed to support area nonprofits development

$435Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Natl Christian Charitable Fdn INCFY2024$203K
James and Mildred Wilkinson Charitable Foundation INCFY2024$15K
Donor Advised Charitable Giving INCFY2024$10K
Vanguard Charitable Endowment ProgramFY2024$7K
American Endowment FoundationFY2024$6K
A E Finley Foundation INCFY2024$2K
Total grants receivedfrom 6 funders$244K
See all 6 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$557K
Ln 12
Fees for servicesLn 2g$547K
Gifts and grantsLn 1h$10K
Money outPt IX
$490K
Ln 25
Programscol B$435K
Managementcol C$55K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$14K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$547K
Total revenueLn 12$557K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Total assetsLn 16$14K
LiabilitiesLn 26$2K
Net assetsLn 32$11K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY24End FY24
Cash and savingsLn 1–2$24K$13K
Total assetsLn 16$24K$14K
LiabilitiesLn 26$73K$2K
Net assetsLn 32−$49K$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Management feesLn 11a$40K$40K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$5K$5K
InterestLn 20$353$353
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$407K$405K$2K
Total functional expensesLn 25$490K$435K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $557K$490K$67K$11K 990 PDF
FY2023 $451K$378K$73K−$49K 990 PDF
FY2022 $629K$601K$27K−$68K 990 PDF
FY2021 $372K$372K−$557−$88K 990 PDF
FY2020 $266K$379K−$113K−$101K 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 FY2024 990 (6 parts)
Part I · Summary $556,934 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,641$9,600
I-9 Program service revenuePrior year $430,089$547,334
I-10 Investment income$0
I-11 Other revenuePrior year $7,527$0
I-12 Total revenuePrior year $451,257$556,934
I-13 Grants and similar amounts paid$30,250
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $17,250$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $360,725$460,140
I-18 Total expensesPrior year $377,975$490,390
I-19 Revenue less expensesPrior year $73,282$66,544
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $556,934 across 5 lines filed
VIII-1f All other contributions, gifts and grants$9,600
VIII-1h Total contributions, gifts and grants$9,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $547,334$547,334
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $547,334 · Unrelated business $0 · Excluded from tax $0$556,934
Part IX · Statement of functional expenses $490,390 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $30,250$30,250
IX-11a Management feesManagement $40,000$40,000
IX-11c Accounting feesManagement $2,120$2,120
IX-13 Office expensesManagement $5,490$5,490
IX-20 InterestManagement $353$353
IX-23 InsuranceManagement $5,531$5,531
IX-24 Other expenses (24a–d)Programs $404,676 · Management $1,970$406,646
IX-25 Total functional expensesPrograms $434,926 · Management $55,464 · Fundraising $0$490,390
Part X · Balance sheet $13,630 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $23,988$12,784
X-4 Accounts receivableStart of year $30$846
X-16 Total assetsStart of year $24,018$13,630
X-24 Unsecured notes and loans payableStart of year $5,897$3,318
X-25 Other liabilitiesStart of year $57,613−$1,071
X-26 Total liabilitiesStart of year $73,340$2,247
X-32 Total net assets or fund balancesStart of year −$49,322$11,383
X-33 Total liabilities and net assetsStart of year $24,018$13,630
Part XI · Reconciliation of net assets $11,383 net assets at year end
XI-1 Total revenue$556,934
XI-2 Total expenses$490,390
XI-3 Revenue less expenses$66,544
XI-4 Net assets at start of year−$49,322
XI-8 Prior period adjustments−$5,839
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,383

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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