Greater Impact INC FY2022 filing

Tax-deductible

South Bend, IN501(c)(3)EducationEIN 84-2931613

Mentoring youth through meaningful work

501(c)(3) charity; gifts are tax-deductible.
90¢ 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 4
filings with a surplus
Average surplus $39K a year · 18% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
-8% vs prior year
Spent
$271K
To programs
90%
Net assets
$45K
By yearFY2020–FY2024
Revenue
$242K
FY2022▼ -8%
Revenue by fiscal year
FY2020$129K
FY2021$262K
FY2022$242K
FY2023$368K
FY2024$0
Expenses
$271K
FY2022▲ +34%
Expenses by fiscal year
FY2020Not on file
FY2021$202K
FY2022$271K
FY2023$242K
FY2024$0
Net assets
$45K
FY2022▼ -28%
Net assets by fiscal year
FY2020$14K
FY2021$63K
FY2022$45K
FY2023$150K
FY2024$150K

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 Mar 2020.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $244K Management & general 10% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

David Smith’s $23K as Director is at the 64th percentile of top reported officer pay among 146 <$100K education 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 Greater Impact 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects young people with meaningful work experiences to guide their growth.

Provided by the organization

This section is blank until Greater Impact INC claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

Was able to spend quality time with students while instilling work ethic and skills into teens

Pt IX · col B

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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
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Fees for servicesLn 2g$206K
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$1K
Money outPt IX
$271K
Ln 25
Programscol B$244K
Managementcol C$27K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$55K
LiabilitiesLn 26$10K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$206K
Other incomeLn 4–11$1K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$55K
LiabilitiesLn 26$10K
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 521
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$63K$49K
Land, buildings, equipmentLn 10c$10K$6K
Total assetsLn 16$74K$55K
LiabilitiesLn 26$11K$10K
Net assetsLn 32$63K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$506$506
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$101K$101K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$53K$53K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$527$527
Office expensesLn 13$369$369
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$77K$71K$6K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$271K$244K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0$0$150K 990 PDF
FY2023 $368K$242K$126K$150K 990 PDF
FY2022 Viewing $242K$271K−$29K$45K 990 PDF
FY2021 $262K$202K$60K$63K 990 PDF
FY2020 $129K$14K 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 (4 parts)
Part VIII · Statement of revenue $242,169 across 5 lines filed
VIII-1f All other contributions, gifts and grants$34,531
VIII-1h Total contributions, gifts and grants$34,531
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $206,174$206,174
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$1,464
VIII-12 Total revenueRelated to mission $206,174$242,169
Part IX · Statement of functional expenses $270,698 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $506$506
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $101,210$101,210
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $52,907$52,907
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $527$527
IX-13 Office expensesManagement $369$369
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,807$4,807
IX-23 InsuranceManagement $20,273$20,273
IX-24 Other expenses (24a–d)Programs $71,086 · Management $5,737$76,823
IX-24e All other expensesPrograms $13,276$13,276
IX-25 Total functional expensesPrograms $243,792 · Management $26,906 · Fundraising $0$270,698
Part X · Balance sheet $55,022 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $63,451$49,405
X-10c Land, buildings and equipment, netStart of year $10,424$5,617
X-16 Total assetsStart of year $73,875$55,022
X-25 Other liabilitiesStart of year $10,788$9,676
X-26 Total liabilitiesStart of year $10,788$9,676
X-27 Net assets without donor restrictionsStart of year $63,087$45,346
X-32 Total net assets or fund balancesStart of year $63,087$45,346
X-33 Total liabilities and net assetsStart of year $73,875$55,022
Part XI · Reconciliation of net assets $45,346 net assets at year end
XI-1 Total revenue$242,169
XI-2 Total expenses$270,698
XI-3 Revenue less expenses−$28,529
XI-4 Net assets at start of year$63,087
XI-9 Other changes in net assets$10,788
XI-10 Net assets at end of year$45,346

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

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