Guided Impact Foundation INC FY2023 filing

Tax-deductible

Wake Forest, NC501(c)(3)ReligionEIN 83-3376945Revenue $451K in FY2023

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.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
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
$73K
305% of total assets
Concern: liabilities are 305% 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
$451K
-28% vs prior year
Spent
$378K
To programs
93%
Net assets
−$49K
By yearFY2020–FY2024
Revenue
$451K
FY2023▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$266K
FY2021$372K
FY2022$629K
FY2023$451K
FY2024$557K
Expenses
$378K
FY2023▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$372K
FY2022$601K
FY2023$378K
FY2024$490K
Net assets
−$49K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020−$101K
FY2021−$88K
FY2022−$68K
FY2023−$49K
FY2024$11K

From the FY2023 Form 990 · see the original

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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 ruling in Jun 2020.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $351K Management & general 7% · $27K

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
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
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 · $351K · in their own filed words · FY2023
01

Various events designed and executed to support area nonprofits development

$351Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$451K
Ln 12
Fees for servicesLn 2g$430K
Gifts and grantsLn 1h$14K
Other incomeLn 4–11$8K
Money outPt IX
$378K
Ln 25
Programscol B$351K
Managementcol C$27K
Owns and owesPt X
−$49K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$73K
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$14K
Fees for servicesLn 2g$430K
Other incomeLn 4–11$8K
Total revenueLn 12$451K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$73K
Net assetsLn 32−$49K
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 FY23End FY23
Cash and savingsLn 1–2$12K$24K
Total assetsLn 16$23K$24K
LiabilitiesLn 26$91K$73K
Net assetsLn 32−$68K−$49K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$17K$9K$9K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$394$394
Advertising and promotionLn 12$3K$3K$81
Office expensesLn 13$2K$2K
OccupancyLn 16$928$928
TravelLn 17$153$153
InterestLn 20$147$147
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$340K$337K$2K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$378K$351K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $557K$490K$67K$11K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $451,257 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $248,564$13,641
I-9 Program service revenuePrior year $366,661$430,089
I-10 Investment income$0
I-11 Other revenuePrior year $13,416$7,527
I-12 Total revenuePrior year $628,641$451,257
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $236,164$17,250
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $365,314$360,725
I-18 Total expensesPrior year $601,478$377,975
I-19 Revenue less expensesPrior year $27,163$73,282
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 $451,257 across 5 lines filed
VIII-1f All other contributions, gifts and grants$13,641
VIII-1h Total contributions, gifts and grants$13,641
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $430,089$430,089
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,527$7,527
VIII-12 Total revenueRelated to mission $437,616 · Unrelated business $0 · Excluded from tax $0$451,257
Part IX · Statement of functional expenses $377,975 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $8,625 · Management $8,625$17,250
IX-11c Accounting feesManagement $2,806$2,806
IX-11g Other fees for servicesPrograms $394$394
IX-12 Advertising and promotionPrograms $3,250 · Management $81$3,331
IX-13 Office expensesManagement $2,288$2,288
IX-16 OccupancyPrograms $928$928
IX-17 TravelPrograms $153$153
IX-20 InterestManagement $147$147
IX-23 InsuranceManagement $4,250$4,250
IX-24 Other expenses (24a–d)Programs $337,466 · Management $2,212$339,678
IX-24e All other expensesManagement $6,750$6,750
IX-25 Total functional expensesPrograms $350,816 · Management $27,159 · Fundraising $0$377,975
Part X · Balance sheet $24,018 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $11,857$23,988
X-4 Accounts receivableStart of year $11,343$30
X-16 Total assetsStart of year $23,200$24,018
X-17 Accounts payable and accrued expensesStart of year $9,175$9,830
X-24 Unsecured notes and loans payableStart of year $14,538$5,897
X-25 Other liabilitiesStart of year $67,250$57,613
X-26 Total liabilitiesStart of year $90,963$73,340
X-32 Total net assets or fund balancesStart of year −$67,763−$49,322
X-33 Total liabilities and net assetsStart of year $23,200$24,018
Part XI · Reconciliation of net assets −$49,322 net assets at year end
XI-1 Total revenue$451,257
XI-2 Total expenses$377,975
XI-3 Revenue less expenses$73,282
XI-4 Net assets at start of year−$67,763
XI-8 Prior period adjustments−$54,841
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$49,322

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

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