Impetus Fund FY2023 filing

Washington, DCUnknown exempt organizationSince 2020EIN 85-1701143Revenue $3.8M in FY2023

On file with the IRSimpetusfund.org1200 G Street Nw 800 · Washington, DC

This page gets seen. Tell your story. Claim this org.

To operate exclusively for the purpose of promoting social welfare, including, but not limited to, providing public education, conducting advocacy, and encouraging civic engagement.

90¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 4
filings with a surplus
Average surplus $3.8M a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 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
Pay to officers and key staff
$8K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$89K
3% of total assets
Looks good: liabilities are 3% 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
$3.8M
+64% vs prior year
Spent
$2.6M
To programs
90%
Net assets
$2.6M
By yearFY2021–FY2024
Revenue
$3.8M
FY2023▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2021$68.6M
FY2022$2.3M
FY2023$3.8M
FY2024$20.2M
FY2024$749K
Expenses
$2.6M
FY2023▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2021$67.8M
FY2022$1.7M
FY2023$2.6M
FY2024$7.6M
FY2024$10.3M
Net assets
$2.6M
FY2023▲ +96%
Tap a bar for its year
Net assets by fiscal year
FY2021$710K
FY2022$1.3M
FY2023$2.6M
FY2024$15.2M
FY2024$5.6M

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim
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 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% · $2.3M Management & general 10% · $264K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

4 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
General Counsel
$8,025Pt VII · Sec A
President and Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Saurabh Gupta$6,320$8,025$6,689$2,512

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 Impetus Fund executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Promotes common good, community well-being, and societal strength.

Questions for Impetus Fund

Tap to ask. Impetus Fund sees how many people are interested.

Your first name shows with your question. Impetus Fund answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.3M · in their own filed words · FY2022
01

Civil Rights, Social Action, and Advocacy

The fund aims to advance a broad agenda of important social issues using grantmaking, education, advocacy, grassroots activism, civic engagement, research, lobbying, and other tactics and strategies. Through its efforts, the fund's vision is to achieve a society that benefits everyone.

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 23 grants · $85.3M · 2020–2024
Sixteen Thirty FundDC · FY2024$7,700,000
Defending Democracy TogetherDC · FY2024$1,000,000
Work for America INCNY · FY2024$530,000
Forward Action FundNH · FY2024$500,000
Voto Latino INCDC · FY2024$111,600
Fund for StatesDC · FY2024$50,000
Workmoney INCWI · FY2023$3,000,000
North FundDC · FY2023$1,100,000
Future Forward USA ActionDC · FY2023$1,000,000
Defending Democracy TogetherDC · FY2023$1,000,000
Forward Action FundNH · FY2023$500,000
Fair DemocracyDC · FY2023$250,000
Act Now ProjectCA · FY2023$111,000
Center for Voter InformationDC · FY2023$46,460
Adler UniversityIL · FY2023$10,000
America VotesDC · FY2022$2,175,199
America VotesDC · FY2021$1,530,786
Future Forward USA ActionDC · FY2020$55,851,537
See all 23 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.8M
Other incomeLn 4–11$29K
Investment incomeLn 3$13K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.3M
Managementcol C$264K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$2.7M
LiabilitiesLn 26$89K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Noncash giftsLn 1g$3.8M
Investment incomeLn 3$13K
Other incomeLn 4–11$29K
Gains on assetsLn 7−$13K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$806K
Cash and savings togetherLn 1–2$2.7M
Total assetsLn 16$2.7M
LiabilitiesLn 26$89K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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$1.3M$2.7M
Total assetsLn 16$1.3M$2.7M
LiabilitiesLn 26$14K$89K
Net assetsLn 32$1.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Pay of current officers, directors and key staffLn 5$8K$8K
Management feesLn 11a$205K$205K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$30K$30K
Lobbying feesLn 11d$123K$123K
Other fees for servicesLn 11g$150$150
Information technologyLn 14$1K$1K
OccupancyLn 16$811$811
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$2K$1K$12
Total functional expensesLn 25$2.6M$2.3M$264K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $20.2M$7.6M$12.6M$15.2M 990 PDF
FY2023 Viewing $3.8M$2.6M$1.3M$2.6M 990 PDF
FY2022 $2.3M$1.7M$606K$1.3M 990 PDF
FY2021 $68.6M$67.8M$710K$710K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $3,825,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,295,899$3,783,606
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,928$13,261
I-11 Other revenuePrior year $17,318$28,815
I-12 Total revenuePrior year $2,327,145$3,825,682
I-13 Grants and similar amounts paidPrior year $1,531,286$2,175,199
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,689$8,025
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $183,141$380,641
I-18 Total expensesPrior year $1,721,116$2,563,865
I-19 Revenue less expensesPrior year $606,029$1,261,817
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $3,825,682 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,783,606
VIII-1g Noncash contributions (included above)$3,783,606
VIII-1h Total contributions, gifts and grants$3,783,606
VIII-3 Investment incomeExcluded from tax $26,369$26,369
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,108−$13,108
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $28,815$28,815
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42,076$3,825,682
Part IX · Statement of functional expenses $2,563,865 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,175,199$2,175,199
IX-5 Pay of current officers, directors and key staffManagement $8,025$8,025
IX-11a Management feesManagement $204,597$204,597
IX-11b Legal feesManagement $1,266$1,266
IX-11c Accounting feesManagement $29,501$29,501
IX-11d Lobbying feesPrograms $122,564$122,564
IX-11g Other fees for servicesPrograms $150$150
IX-14 Information technologyManagement $1,157$1,157
IX-16 OccupancyManagement $811$811
IX-23 InsuranceManagement $19,087$19,087
IX-24 Other expenses (24a–d)Programs $1,496 · Management $12$1,508
IX-25 Total functional expensesPrograms $2,299,409 · Management $264,456 · Fundraising $0$2,563,865
Part X · Balance sheet $2,666,747 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,206,528$1,858,481
X-2 Savings and temporary cash investmentsStart of year $118,525$805,608
X-9 Prepaid expenses and deferred chargesStart of year $5,388$2,658
X-16 Total assetsStart of year $1,330,441$2,666,747
X-17 Accounts payable and accrued expensesStart of year $14,341$88,830
X-26 Total liabilitiesStart of year $14,341$88,830
X-27 Net assets without donor restrictionsStart of year $653,242$647,779
X-28 Net assets with donor restrictionsStart of year $662,858$1,930,138
X-32 Total net assets or fund balancesStart of year $1,316,100$2,577,917
X-33 Total liabilities and net assetsStart of year $1,330,441$2,666,747
Part XI · Reconciliation of net assets $2,577,917 net assets at year end
XI-1 Total revenue$3,825,682
XI-2 Total expenses$2,563,865
XI-3 Revenue less expenses$1,261,817
XI-4 Net assets at start of year$1,316,100
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,577,917

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.