Zephyr Impact FY2023 filing

Tax-deductible

Denver, CO501(c)(3)Since 2021Human ServicesEIN 87-0941650Revenue $997K in FY2023

On file with the IRSzephyrimpact.org244 Jackson St, 80206-5525 · Denver, COTax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Zephyr Impact is an Impact accelerator, designing ambitious and high-Impact philanthropic initiatives to address society's most urgent social issues. This 501c3 platform connects and supports donors, social entrepreneurs, and subject-matter experts to maximize Impact through connected and system-wide solutions, achieve meaningful outcomes for communities. These outcomes are tracked and celebrated to create further momentum for additional philanthropic action.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $262K a year · 11% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6.9M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$997K
+42% vs prior year
Spent
$868K
To programs
85%
Net assets
$223K
By yearFY2022–FY2025
Revenue
$997K
FY2023▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2022$700K
FY2023$997K
FY2024$7.0M
FY2025$667K
Expenses
$868K
FY2023▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2022$606K
FY2023$868K
FY2024$1.0M
FY2025$5.8M
Net assets
$223K
FY2023▲ +138%
Tap a bar for its year
Net assets by fiscal year
FY2022$94K
FY2023$223K
FY2024$6.2M
FY2025$1.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2022.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $737K Management & general 7% · $61K Fundraising 8% · $69K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director - as of Sep. 2023
$0Pt VII · Sec A
Director - as of Sep. 2023
$0Pt VII · Sec A

Andrew Smiles’s $149K as President is at the 97th percentile of top reported officer pay among 2168 $100K–1M human services 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 Zephyr 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

Funds innovative nonprofits tackling urgent social needs in education, wellness, tech, and community.

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Provided by the organization

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1 program · $737K · in their own filed words · FY2023
01

Zephyr Impact creates new space for donors and social change-makers to think big, act boldly, and build breakthrough solutions to address areas of urgent social need. Family offices, foundations and donors collaborate and work together with social entrepreneurs to address complex challenges and build a healthy, robust, and civil…

$737Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Wend II INCFY2024$6.3M
Total grants receivedfrom 2 funders$6.9M
Grants paid · 23 grants · $6.1M · 2022–2025
New Venture FundDC · FY2025$1,000,000
Sarara InstituteCO · FY2025$505,000
Education ReimaginedDC · FY2025$400,000
PR Education Initiative CorpPR · FY2025$300,000
Indaba Education Fund INCNY · FY2025$300,000
Kidogo Early Years INCIN · FY2025$200,000
The Hadanou CollectiveCO · FY2025$100,000
Upstream Education INCCO · FY2025$52,000
Propel NonprofitsMN · FY2025$50,000
Good Natured LearningCO · FY2025$10,000
Mindful Life ProjectCA · FY2024$300,000
Mindful Life ProjectCA · FY2023$320,000
The Plus Me ProjectCA · FY2023$20,000
See all 23 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$997K
Ln 12
Gifts and grantsLn 1h$984K
Fees for servicesLn 2g$13K
Money outPt IX
$868K
Ln 25
Programscol B$737K
Managementcol C$61K
Fundraisingcol D$69K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$213K
Total assetsLn 16$223K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$984K
Fees for servicesLn 2g$13K
Total revenueLn 12$997K
Assets in detailPt X, end of year
CashLn 1$213K
Cash and savings togetherLn 1–2$213K
Other assetsLn 15$10K
Total assetsLn 16$223K
LiabilitiesLn 26$0
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$109K$213K
Total assetsLn 16$124K$223K
LiabilitiesLn 26$30K$0
Net assetsLn 32$94K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$420K$420K
Other fees for servicesLn 11g$325K$213K$52K$60K
Office expensesLn 13$8K$7K$547$625
Information technologyLn 14$13K$11K$878$1K
OccupancyLn 16$67K$57K$5K$5K
TravelLn 17$34K$29K$2K$3K
Conferences, conventions and meetingsLn 19$2K$2K$125$144
Total functional expensesLn 25$868K$737K$61K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $667K$5.8M−$5.1M$1.0M 990 PDF
FY2024 $7.0M$1.0M$6.0M$6.2M 990 PDF
FY2023 Viewing $997K$868K$129K$223K 990 PDF
FY2022 $700K$606K$94K$94K 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 FY2023 990 (6 parts)
Part I · Summary $996,592 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $685,600$983,869
I-9 Program service revenuePrior year $13,946$12,723
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $699,546$996,592
I-13 Grants and similar amounts paidPrior year $380,000$420,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $225,794$447,537
I-18 Total expensesPrior year $605,794$867,537
I-19 Revenue less expensesPrior year $93,752$129,055
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $996,592 across 4 lines filed
VIII-1f All other contributions, gifts and grants$983,869
VIII-1h Total contributions, gifts and grants$983,869
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,723$12,723
VIII-12 Total revenueRelated to mission $12,723 · Unrelated business $0 · Excluded from tax $0$996,592
Part IX · Statement of functional expenses $867,537 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $420,000$420,000
IX-11g Other fees for servicesPrograms $212,993 · Management $52,128 · Fundraising $59,576$324,697
IX-13 Office expensesPrograms $6,643 · Management $547 · Fundraising $625$7,815
IX-14 Information technologyPrograms $10,660 · Management $878 · Fundraising $1,003$12,541
IX-16 OccupancyPrograms $56,929 · Management $4,688 · Fundraising $5,358$66,975
IX-17 TravelPrograms $28,669 · Management $2,361 · Fundraising $2,698$33,728
IX-19 Conferences, conventions and meetingsPrograms $1,512 · Management $125 · Fundraising $144$1,781
IX-25 Total functional expensesPrograms $737,406 · Management $60,727 · Fundraising $69,404$867,537
Part X · Balance sheet $222,807 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $108,565$212,877
X-4 Accounts receivableStart of year $5,132$0
X-15 Other assetsStart of year $9,930$9,930
X-16 Total assetsStart of year $123,627$222,807
X-17 Accounts payable and accrued expensesStart of year $29,875$0
X-26 Total liabilitiesStart of year $29,875$0
X-32 Total net assets or fund balancesStart of year $93,752$222,807
X-33 Total liabilities and net assetsStart of year $123,627$222,807
Part XI · Reconciliation of net assets $222,807 net assets at year end
XI-1 Total revenue$996,592
XI-2 Total expenses$867,537
XI-3 Revenue less expenses$129,055
XI-4 Net assets at start of year$93,752
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$222,807

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

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