Atta Impact Capital INC

Tax-deductible

Vestavia, AL501(c)(3)Since 2023Community DevelopmentEIN 92-3920358Revenue $359K in FY2025

On file with the IRSattaimpact.capital3769 Fairhaven Dr, 35223-2837 · Vestavia, ALTax-exempt since Feb 2024Publicly supported charity — 170(b)(1)(A)(vi)

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Atta Impact Capital, INC. Seeks to improve access to Capital in emerging Impact investment ecosystems.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Run by 3 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 2
filings with a surplus
Average surplus $211K a year · 47% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 53% of spending
Top officer’s pay lower than 60% of similar orgs
Concern: pay to officers and key staff is 53% of spending; over 30%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $375K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$359K
-34% vs prior year
Spent
$235K
To programs
60%
Net assets
$852K
By yearFY2024–FY2025
Revenue
$359K
FY2025▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2024$543K
FY2025$359K
Expenses
$235K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2024$245K
FY2025$235K
Net assets
$852K
FY2025▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2024$698K
FY2025$852K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2024.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $140K Management & general 26% · $60K Fundraising 15% · $34K

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; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
Head of Operations
$62,820Pt VII · Sec A
$62,820Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Charles Higgenbotham’s $63K as Head of Operations is at the 40th 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 · 2 named individuals · Part VII

NameFY2025FY2024
Charles Higgenbotham$62,820$53,270
Abigail Napsuciale$62,820$52,395

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.

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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 15aYes

Programs and updates

Connects investors with businesses in growing impact markets.

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Provided by the organization

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1 program · $140K · in their own filed words · FY2025
01

The organization provides direct impact investments to mission-aligned companies operating in emerging markets. These investments are designed to support businesses that address critical social and environmental issues such as access to clean energy, healthcare, education, and financial inclusion while fostering sustainable economic…

$140Kprogram expense

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$375K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$359K
Ln 12
Gifts and grantsLn 1h$350K
Investment incomeLn 3$8K
Other incomeLn 4–11$900
Money outPt IX
$235K
Ln 25
Programscol B$140K
Managementcol C$60K
Fundraisingcol D$34K
Owns and owesPt X
$852K
net assets · Ln 32
Cash and savingsLn 1–2$379K
Total assetsLn 16$858K
LiabilitiesLn 26$7K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$350K
Investment incomeLn 3$8K
Other incomeLn 4–11$900
Total revenueLn 12$359K
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$295K
Cash and savings togetherLn 1–2$379K
InvestmentsLn 11–13$479K
Total assetsLn 16$858K
LiabilitiesLn 26$7K
Net assetsLn 32$852K
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$554K$379K
InvestmentsLn 11–13$150K$479K
Total assetsLn 16$704K$858K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$698K$852K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$126K$75K$28K$22K
Payroll taxesLn 10$6K$4K$2K$973
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$28K$28K
Office expensesLn 13$198$103$21$74
Information technologyLn 14$7K$277$3K$4K
TravelLn 17$23K$16K$292$7K
Conferences, conventions and meetingsLn 19$4K$4K$543
InsuranceLn 23$6K$6K
Total functional expensesLn 25$235K$140K$60K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $359K$235K$124K$852K 990 PDF
FY2024 $543K$245K$298K$698K 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 FY2025 990 (6 parts)
Part I · Summary $359,276 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $535,957$350,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,631$8,376
I-11 Other revenuePrior year $0$900
I-12 Total revenuePrior year $542,588$359,276
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $57,345$132,138
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $187,210$102,815
I-18 Total expensesPrior year $244,555$234,953
I-19 Revenue less expensesPrior year $298,033$124,323
Part VI · Governance 3 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $359,276 across 5 lines filed
VIII-1f All other contributions, gifts and grants$350,000
VIII-1h Total contributions, gifts and grants$350,000
VIII-3 Investment incomeExcluded from tax $8,376$8,376
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $900$900
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,276$359,276
Part IX · Statement of functional expenses $234,953 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $75,466 · Management $28,145 · Fundraising $22,029$125,640
IX-10 Payroll taxesPrograms $3,893 · Management $1,632 · Fundraising $973$6,498
IX-11b Legal feesPrograms $12,368$12,368
IX-11c Accounting feesManagement $21,698$21,698
IX-11g Other fees for servicesPrograms $28,500$28,500
IX-13 Office expensesPrograms $103 · Management $21 · Fundraising $74$198
IX-14 Information technologyPrograms $277 · Management $2,811 · Fundraising $3,583$6,671
IX-17 TravelPrograms $15,919 · Management $292 · Fundraising $7,131$23,342
IX-19 Conferences, conventions and meetingsPrograms $3,922 · Fundraising $543$4,465
IX-23 InsuranceManagement $5,573$5,573
IX-25 Total functional expensesPrograms $140,448 · Management $60,172 · Fundraising $34,333$234,953
Part X · Balance sheet $858,288 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $47,312$83,816
X-2 Savings and temporary cash investmentsStart of year $506,631$295,107
X-13 Program-related investmentsStart of year $150,000$479,365
X-16 Total assetsStart of year $703,943$858,288
X-17 Accounts payable and accrued expensesStart of year $5,805$6,567
X-26 Total liabilitiesStart of year $5,910$6,567
X-27 Net assets without donor restrictionsStart of year $532,231$789,733
X-28 Net assets with donor restrictionsStart of year $165,802$61,988
X-32 Total net assets or fund balancesStart of year $698,033$851,721
X-33 Total liabilities and net assetsStart of year $703,943$858,288
Part XI · Reconciliation of net assets $851,721 net assets at year end
XI-1 Total revenue$359,276
XI-2 Total expenses$234,953
XI-3 Revenue less expenses$124,323
XI-4 Net assets at start of year$698,033
XI-5 Net unrealized gains (losses) on investments$29,365
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$851,721

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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