Guided Impact Foundation INC FY2022 filing

Tax-deductible

Wake Forest, NC501(c)(3)ReligionEIN 83-3376945Revenue $629K in FY2022

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.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 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
$91K
392% of total assets
Concern: liabilities are 392% of assets; over 80%.
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
$629K
+69% vs prior year
Spent
$601K
To programs
85%
Net assets
−$68K
By yearFY2020–FY2024
Revenue
$629K
FY2022▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2020$266K
FY2021$372K
FY2022$629K
FY2023$451K
FY2024$557K
Expenses
$601K
FY2022▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$372K
FY2022$601K
FY2023$378K
FY2024$490K
Net assets
−$68K
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020−$101K
FY2021−$88K
FY2022−$68K
FY2023−$49K
FY2024$11K

From the FY2022 Form 990 · see the original

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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 ruling in Jun 2020.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $513K Management & general 13% · $81K Fundraising 1% · $8K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
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
Employee
$0Pt VII · Sec A
$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 · $513K · in their own filed words · FY2022
01

Various events designed and executed to support area nonprofits development

$513Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$629K
Ln 12
Fees for servicesLn 2g$367K
Gifts and grantsLn 1h$249K
Other incomeLn 4–11$13K
Money outPt IX
$601K
Ln 25
Programscol B$513K
Managementcol C$81K
Fundraisingcol D$8K
Owns and owesPt X
−$68K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$23K
LiabilitiesLn 26$91K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$367K
Other incomeLn 4–11$13K
Total revenueLn 12$629K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Total assetsLn 16$23K
LiabilitiesLn 26$91K
Net assetsLn 32−$68K
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 FY22End FY22
Cash and savingsLn 1–2$9K$12K
Total assetsLn 16$9K$23K
LiabilitiesLn 26$96K$91K
Net assetsLn 32−$88K−$68K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$64K$51K$13K
Other salaries and wagesLn 7$172K$138K$34K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$34K$32K$2K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$13K$13K
OccupancyLn 16$19K$15K$4K
TravelLn 17$13K$13K
InterestLn 20$794$794
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$251K$244K$6K
All other expensesLn 24e$22K$19K$3K
Total functional expensesLn 25$601K$513K$81K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $557K$490K$67K$11K 990 PDF
FY2023 $451K$378K$73K−$49K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $628,641 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $325,238$248,564
I-9 Program service revenuePrior year $44,853$366,661
I-10 Investment income$0
I-11 Other revenuePrior year $1,423$13,416
I-12 Total revenuePrior year $371,514$628,641
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $163,112$236,164
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,959$365,314
I-18 Total expensesPrior year $372,071$601,478
I-19 Revenue less expensesPrior year −$557$27,163
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 $628,641 across 5 lines filed
VIII-1f All other contributions, gifts and grants$248,564
VIII-1h Total contributions, gifts and grants$248,564
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $366,661$366,661
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,416$13,416
VIII-12 Total revenueRelated to mission $380,077 · Unrelated business $0 · Excluded from tax $0$628,641
Part IX · Statement of functional expenses $601,478 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $51,137 · Management $12,784$63,921
IX-7 Other salaries and wagesPrograms $137,794 · Management $34,449$172,243
IX-11c Accounting feesManagement $1,468$1,468
IX-11g Other fees for servicesPrograms $32,048 · Management $1,768$33,816
IX-12 Advertising and promotionFundraising $8,293$8,293
IX-13 Office expensesManagement $13,286$13,286
IX-16 OccupancyPrograms $15,228 · Management $3,807$19,035
IX-17 TravelPrograms $12,746$12,746
IX-20 InterestManagement $794$794
IX-23 InsuranceManagement $3,215$3,215
IX-24 Other expenses (24a–d)Programs $244,464 · Management $6,136$250,600
IX-24e All other expensesPrograms $19,154 · Management $2,907$22,061
IX-25 Total functional expensesPrograms $512,571 · Management $80,614 · Fundraising $8,293$601,478
Part X · Balance sheet $23,200 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,803$11,857
X-4 Accounts receivable$11,343
X-16 Total assetsStart of year $8,803$23,200
X-17 Accounts payable and accrued expensesStart of year $6,390$9,175
X-24 Unsecured notes and loans payableStart of year $25,310$14,538
X-25 Other liabilitiesStart of year $64,764$67,250
X-26 Total liabilitiesStart of year $96,464$90,963
X-32 Total net assets or fund balancesStart of year −$87,661−$67,763
X-33 Total liabilities and net assetsStart of year $8,803$23,200
Part XI · Reconciliation of net assets −$67,763 net assets at year end
XI-1 Total revenue$628,641
XI-2 Total expenses$601,478
XI-3 Revenue less expenses$27,163
XI-4 Net assets at start of year−$87,661
XI-8 Prior period adjustments−$7,265
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$67,763

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

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