New Impact FY2022 filing

Seattle, WA · Public charity (501(c)(3)) · Community Development

✓ Tax-deductible Latest data FY2022
Revenue
$1.2M
▲ +51% vs prior year
Spent
$923K
To programs
47%
Net assets
$25K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Scan Design by Inge & Jens Bruun Foundation
$10K in the latest grant year.
Spent on programs?
47% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +51% vs prior year
Legal name (IRS)Hdr · item CNew Impact
EINHdr · item D84-4671011
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2021
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSeattle, WA
NTEE classificationIRS BMFCommunity Development (S21)
WebsiteHdr · item Jwww.newimpact.care

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.47 Management & general $0.53
Program services47%$436K
Management & general53%$487K
Total functional expensesLn 25$923K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$1.2M
FY2022▲ +51%
Expenses
$923K
FY2022▼ -6%
Program efficiency
47%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$57K
FY2022▼ -57%
Total liabilities
$32K
FY2022▼ -90%
Revenue less expensesPt I · Ln 19$230K
Total assetsPt X · Ln 16$57K
Program-expense ratioPt IX · col B47%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$57K
Total liabilitiesLn 26$32K
Total net assetsLn 32$25K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Contributions & grants$743K · 64%
Program service revenue$407K · 35%
Contributions & grants64%$743K
Program service revenue35%$407K
Other revenue$3K
Total revenueLn 12$1.2M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $48K · Operating expenses/yr $923K
0.6 months
Where the money goes
Program services
Program services $436K · Total expenses $923K
47%
Management & General
Management & general $487K · Total expenses $923K
53%
Fundraising
Fundraising $0 · Total expenses $923K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $517K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $743K · Total revenue $1.2M
64%
Government reliance
Government grants — · Total revenue $1.2M
—
Earned-income share
Program service revenue $407K · Total revenue $1.2M
35%
Investment reliance
Investment income $0 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $407K · Total expenses $923K
44%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $765K
+51%
Net-asset trend (YoY)
End of year $25K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $923K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $57K
—
Net-asset ratio
Net assets $25K · Total assets $57K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $57K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elisabeth R Roberts · Reported title SENIOR PRODUCT MANAGER · Highest reported compensation $140K · Total expenses $923K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $734K · Total expenses $923K
80%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 47%——
Overhead ratio 53%——
Fundraising cost ratio 0%——
Revenue growth 51%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Senior Product Manager
$140,400Pt VII · Sec A
Impact Innovation Strategi
$121,071Pt VII · Sec A
Director, Innovation Strategy Consulting Team
$104,004Pt VII · Sec A
Director & President
$0Pt VII · Sec A
Director & Vice President
$0Pt VII · Sec A
Director, Secretary & Trea
$0Pt VII · Sec A

Elisabeth R Roberts’s $140K as Senior Product Manager is at the 88th percentile of top reported officer pay among 1709 $100K–1M community development 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Elisabeth R Roberts$140,400$140,400$140,400$140,400
Kimberly M Davies——$121,071$108,670
Monica Price——$104,004—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See New Impact executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

New Impact is a community improvement nonprofit based in Seattle, WA.

Provided by the organization

This section is blank until New Impact claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $302K of program spending, described in the organization's own filed words · FY2022.
01

Equitable Apprenticeships for Bipoc Young Adults

Newimpact conducted a project in partnership with the schultz family foundation to explore how philanthropic action could improve equity and access to quality apprenticeships for young adults ages 16-24 in the U.S.

$120Kprogram expense
02

Young Veteran Career Transitions

Newimpact, in collaboration with the uso and with support from the schultz family foundation, conducted a project to address the challenges faced by junior enlisted service members (E1-E4) transitioning from military to civilian life.

$101Kprogram expense
03

Seattle Foundation Black Homebuyer Readiness

The project conducted by newimpact, with support from civic commons, addressed challenges faced by black households in accessing homeownership opportunities -- specifically the demand-side challenge of increasing the number of "ownership ready" low- to moderate-income black households.

$81Kprogram expense

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Funders

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$10K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $247K$266K-21% 990 PDF
FY2023 $314K$313K-73% 990 PDF
FY2022 Viewing $1.2M$923K+51% 990 PDF
FY2021 $765K$981K+97% 990 PDF
FY2020 $388K$377K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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