Guided Impact Foundation INC FY2020 filing

Tax-deductible

Wake Forest, NC501(c)(3)ReligionEIN 83-3376945Revenue $266K in FY2020

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.
23¢ of each $1 spent went to programs.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
23%
of spending
Concern: 23% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -0.1 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
$103K
×46 of total assets
Concern: liabilities are 4600% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$266K
Spent
$379K
To programs
23%
Net assets
−$101K
By yearFY2020–FY2024
Revenue
$266K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$266K
FY2021$372K
FY2022$629K
FY2023$451K
FY2024$557K
Expenses
$379K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$372K
FY2022$601K
FY2023$378K
FY2024$490K
Net assets
−$101K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$101K
FY2021−$88K
FY2022−$68K
FY2023−$49K
FY2024$11K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 ruling in Jun 2020.

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

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $89K Management & general 58% · $221K Fundraising 18% · $69K

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

10 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$123,500Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $89K · in their own filed words · FY2020
01

Various events designed and executed to support area nonprofits development

$89Kprogram 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
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$266K
Ln 12
Gifts and grantsLn 1h$199K
Fees for servicesLn 2g$67K
Money outPt IX
$379K
Ln 25
Programscol B$89K
Managementcol C$221K
Fundraisingcol D$69K
Owns and owesPt X
−$101K
net assets · Ln 32
Cash and savingsLn 1–2−$3K
Total assetsLn 16$2K
LiabilitiesLn 26$103K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Government grantsLn 1e$1K
Fees for servicesLn 2g$67K
Total revenueLn 12$266K
Assets in detailPt X, end of year
CashLn 1−$3K
Cash and savings togetherLn 1–2−$3K
Total assetsLn 16$2K
LiabilitiesLn 26$103K
Net assetsLn 32−$101K
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 FY20End FY20
Cash and savingsLn 1–2$9K−$3K
Total assetsLn 16$25K$2K
LiabilitiesLn 26$32K$103K
Net assetsLn 32−$7K−$101K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$124K$58K$65K
Other salaries and wagesLn 7$101K$101K
Payroll taxesLn 10$22K$22K
Legal feesLn 11b$600$600
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$10K$10K
OccupancyLn 16$9K$9K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$309$309
Other expenses (24a–d)Ln 24$97K$85K$8K$4K
All other expensesLn 24e$4K$2K$2K
Total functional expensesLn 25$379K$89K$221K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $266,221 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,956$198,964
I-9 Program service revenuePrior year $61,207$67,257
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $134,163$266,221
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $87,615$245,721
I-16a Professional fundraising feesPrior year $4,292$0
I-17 Other expensesPrior year $49,088$133,121
I-18 Total expensesPrior year $140,995$378,842
I-19 Revenue less expensesPrior year −$6,832−$112,621
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $266,221 across 5 lines filed
VIII-1e Government grants$1,000
VIII-1f All other contributions, gifts and grants$197,964
VIII-1h Total contributions, gifts and grants$198,964
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,257$67,257
VIII-12 Total revenueRelated to mission $67,257 · Unrelated business $0 · Excluded from tax $0$266,221
Part IX · Statement of functional expenses $378,842 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $58,500 · Fundraising $65,000$123,500
IX-7 Other salaries and wagesManagement $100,713$100,713
IX-10 Payroll taxesManagement $21,508$21,508
IX-11b Legal feesManagement $600$600
IX-11g Other fees for servicesPrograms $2,140$2,140
IX-12 Advertising and promotionManagement $5,210$5,210
IX-13 Office expensesManagement $10,305$10,305
IX-16 OccupancyManagement $9,487$9,487
IX-17 TravelManagement $4,006$4,006
IX-19 Conferences, conventions and meetingsManagement $309$309
IX-24 Other expenses (24a–d)Programs $84,945 · Management $8,066 · Fundraising $3,772$96,783
IX-24e All other expensesPrograms $1,899 · Management $2,382$4,281
IX-25 Total functional expensesPrograms $88,984 · Management $221,086 · Fundraising $68,772$378,842
Part X · Balance sheet $2,284 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $9,025−$2,649
X-4 Accounts receivableStart of year $15,900$4,933
X-16 Total assetsStart of year $24,925$2,284
X-24 Unsecured notes and loans payableStart of year $12,003$7,526
X-25 Other liabilitiesStart of year $15,754$95,909
X-26 Total liabilitiesStart of year $31,757$103,435
X-32 Total net assets or fund balancesStart of year −$6,832−$101,151
X-33 Total liabilities and net assetsStart of year $24,925$2,284
Part XI · Reconciliation of net assets −$101,151 net assets at year end
XI-1 Total revenue$266,221
XI-2 Total expenses$378,842
XI-3 Revenue less expenses−$112,621
XI-4 Net assets at start of year−$6,832
XI-8 Prior period adjustments$18,302
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$101,151

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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