Foundation for Social Impact

IRS exemption revoked

Little Rock, ARUnknown exempt organizationEIN 84-2199689Revenue $2.4M in FY2020

On file with the IRSthinksocialimpact.org417 Main Street · Little Rock, AR

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The Foundation belives it is critically important to resource a culture of civic and economic participation in underrepresented communities to erect and sustain value. This will create a 21st century ecosystem.

100¢ of each $1 spent went to programs.
Run by 150 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$46K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$1.5M
To programs
100%
Net assets
$957K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foundation for Social Impact 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 15aNo

Programs and updates

Empowers underrepresented communities for civic and economic participation, building sustainable value.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2020
01

Woke Vote

Woke Vote is to make all voters aware of various social matters and that their individual vote counts. The movement works with civic and community leaders to energize the voters to stand up and have their voices heard

$1.0Mprogram expense
02

Organize the Church

Organize the church allows for community leaders to make their congregation aware of issues that matter.

$240Kprogram expense
03

Every Town for Gun Safety

The Every Town for Gun Safety creates a forum to safely advocate to help change the laws currently to a safer environment for the public as a whole.

$45Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$50

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$329
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$957K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$46K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$329
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$46K
Net assetsLn 32$957K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$48K$1.0M
Total assetsLn 16$48K$1.0M
LiabilitiesLn 26$0$46K
Net assetsLn 32$48K$957K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$512$512
Management feesLn 11a$276K$276K$0$0
Accounting feesLn 11c$47K$47K$0$0
Advertising and promotionLn 12$181K$181K$0$0
Office expensesLn 13$67K$67K$0$0
Travel and entertainment for public officialsLn 18$78K$78K$0$0
Conferences, conventions and meetingsLn 19$9K$9K$0$0
All other expensesLn 24e$803K$803K$0$0
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $2.4M$1.5M$909K$957K 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 $2,371,095 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $100,693$2,370,766
I-10 Investment income$329
I-11 Other revenue$0
I-12 Total revenuePrior year $100,693$2,371,095
I-13 Grants and similar amounts paid$512
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,360$1,461,722
I-18 Total expensesPrior year $52,360$1,462,234
I-19 Revenue less expensesPrior year $48,333$908,861
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,371,095 across 3 lines filed
Lines not itemized here account for $679,175 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,691,591
VIII-3 Investment incomeUnrelated business $329 · Excluded from tax $0$329
VIII-12 Total revenueRelated to mission $2,370,766 · Unrelated business $329 · Excluded from tax $0$2,371,095
Part IX · Statement of functional expenses $1,462,234 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $512$512
IX-11a Management feesPrograms $276,255 · Management $0 · Fundraising $0$276,255
IX-11c Accounting feesPrograms $46,985 · Management $0 · Fundraising $0$46,985
IX-12 Advertising and promotionPrograms $181,399 · Management $0 · Fundraising $0$181,399
IX-13 Office expensesPrograms $67,469 · Management $0 · Fundraising $0$67,469
IX-18 Travel and entertainment for public officialsPrograms $77,858 · Management $0 · Fundraising $0$77,858
IX-19 Conferences, conventions and meetingsPrograms $8,514 · Management $0 · Fundraising $0$8,514
IX-24e All other expensesPrograms $803,242 · Management $0 · Fundraising $0$803,242
IX-25 Total functional expensesPrograms $1,462,234 · Management $0 · Fundraising $0$1,462,234
Part X · Balance sheet $1,003,360 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $48,433$1,003,360
X-16 Total assetsStart of year $48,433$1,003,360
X-17 Accounts payable and accrued expenses$46,066
X-26 Total liabilitiesStart of year $0$46,066
X-27 Net assets without donor restrictionsStart of year $48,433$957,294
X-32 Total net assets or fund balancesStart of year $48,433$957,294
X-33 Total liabilities and net assetsStart of year $48,433$1,003,360
Part XI · Reconciliation of net assets $957,294 net assets at year end
XI-1 Total revenue$2,371,095
XI-2 Total expenses$1,462,234
XI-3 Revenue less expenses$908,861
XI-4 Net assets at start of year$48,433
XI-10 Net assets at end of year$957,294

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

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