Highwind Impact Fund INC

Chicago, IL · Public foundation / grantmaker · Since 2020 · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2025
Revenue
$251K
▲ +117% vs prior year
Spent
$244K
To programs
99%
Net assets
$77K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

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?
Yes — filed FY2025
Foundation funders?
8 funders, incl. American Online Giving Foundation INC
$90K in the latest grant year.
Spent on programs?
99% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +117% vs prior year
Legal name (IRS)Hdr · item CHighwind Impact Fund INC
EINHdr · item D85-2463438
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2021
Year of formationHdr · item L2020
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
WebsiteHdr · item Jwww.highwindimpact.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$241K
Management & general1%$2K
Total functional expensesLn 25$244K

Financial health

Revenue & expenses by yearFY2022–FY2025
Revenue
$251K
FY2025▲ +117%
Program efficiency
99%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▲ +81% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +114% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$77K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$77K
Total liabilitiesLn 26$0
Total net assetsLn 32$77K
Months of cash on handcomputed3.8

Statement of Revenue

Part VIII
Contributions & grants100%$251K
Total revenueLn 12$251K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77K · Operating expenses/yr $244K
3.8 months
Where the money goes
Program services
Program services $241K · Total expenses $244K
99%
Management & General
Management & general $2K · Total expenses $244K
1%
Fundraising
Fundraising $0 · Total expenses $244K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $251K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $251K · Total revenue $251K
100%
Government reliance
Government grants — · Total revenue $251K
—
Earned-income share
Program service revenue $0 · Total revenue $251K
0%
Investment reliance
Investment income $0 · Total revenue $251K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $244K
0%
Growth & trend
Revenue growth (YoY)
This year $251K · Prior year $116K
+117%
Net-asset trend (YoY)
End of year $77K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $251K · Expenses $244K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $77K
—
Net-asset ratio
Net assets $77K · Total assets $77K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $77K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard He · Reported title CO-PRESIDENT · Highest reported compensation $0 · Total expenses $244K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $244K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Revenue growth 117%——

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
Co-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
See Highwind Impact Fund INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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

Highwind Impact Fund INC is a public foundation based in Chicago, IL, formed in 2020.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $241K of program spending, described in the organization's own filed words · FY2025.
01

Provide small, project based grants and volunteer support to grassroots nonprofit organizations through programs that encourages and empower young professionals to utilize their skillsets, resources, backgrounds, and interests to develop long term civicminded engagement, opening the door too philanthropic giving at a young age.

$241Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 42 grants · $241K · 2025–2025
Brooklyn Rescue MissionNY · FY2025$8,850
Elevate New York INCFY2025$7,700
Avengers Youth MentoringFY2025$7,000
Abc PilsenFY2025$7,000
SitstayreadFY2025$6,500
Achilles International INCFY2025$6,100
Meals for Unity INCFY2025$6,000
The Recares NetworkFY2025$6,000
Aba071923909 GurneeFY2025$6,000
HorselinkFY2025$6,000
Sibling ConnectionsFY2025$6,000
Kids Clothes ClubFY2025$6,000
Inspiring Girls USAFY2025$6,000
Fortitude CareersFY2025$6,000
Moms for Moms Nyc INCFY2025$6,000
Uptown Soccer Academy FundFY2025$6,000
Inner City Green TeamFY2025$6,000
Run4fun INCFY2025$6,000
See all 42 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $251K$244K+117% 990 PDF
FY2024 $116K—+2% 990 PDF
FY2023 $114K—+101% 990 PDF
FY2022 $57K— 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) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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