Episcopal Impact Fund FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)ReligionEIN 94-3345498Revenue $1.6M in FY2020

On file with the IRSepiscopalimpact.org1055 Taylor St, 94108-2209 · San Francisco, CATax-exempt since Sep 2000Publicly supported charity — 170(b)(1)(A)(vi)

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A faith-based, grant-making organization focused on the root causes of poverty.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$145K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
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 5
filings with a surplus
Average surplus $578K a year · 36% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $118K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$131K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$924K
To programs
70%
Net assets
$5.0M
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.2M
FY2022$1.3M
FY2023$966K
FY2024$1.9M
Expenses
$924K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$924K
FY2021$904K
FY2022$1.1M
FY2023$1.1M
FY2024$1.0M
Net assets
$5.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$6.5M
FY2022$5.8M
FY2023$6.1M
FY2024$7.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 ruling in Sep 2000.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $645K Management & general 13% · $117K Fundraising 18% · $162K

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

21 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$145,206Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Christina Alvarez’s $193K as Executive Director is at the 89th percentile of top reported officer pay among 1636 $1–10M religion 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

NameFY2024FY2023FY2022FY2021FY2020
Christina Alvarez$192,881$185,908$137,308——
Kathleen Piraino——$80,351$172,529$145,206

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 Episcopal Impact Fund 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 15aYes

Programs and updates

Funds faith-based efforts addressing poverty's root causes.

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Provided by the organization

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1 program · $645K · in their own filed words · FY2020
01

In 2020, episcopal impact fund substantially increased its granting in response to the covid emergency and initiated a rapid response program aimed at funding emergency requests within a week of receipt. Grants made totaled $1,008,000 to organizations serving approximately 100,000 people living in poverty in the bay area.

$645Kprogram 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
See all 7 funders →
Grants paid · 100 grants · $1.9M · 2020–2024
Youth Spirit ArtworksCA · FY2024$40,000
San Francisco SafehouseCA · FY2024$40,000
Center for Domestic PeaceCA · FY2024$40,000
Beyond EmancipationCA · FY2024$40,000
Human Investment Project INCCA · FY2024$30,000
Sojourn Chaplaincy INCCA · FY2024$19,400
Henry Ohlhoff HouseCA · FY2024$6,100
Grace Cathedral Jail MinistryCA · FY2024$5,500
Ariel Outreach MissionCA · FY2023$50,000
Global Communication Education and ArtFY2023$50,000
WehopeCA · FY2023$30,000
Beyond EmancipationCA · FY2023$30,000
See all 100 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$200K
Investment incomeLn 3$165K
Money outPt IX
$924K
Ln 25
Programscol B$645K
Managementcol C$117K
Fundraisingcol D$162K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$5.1M
LiabilitiesLn 26$131K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fundraising eventsLn 1c$348K
Investment incomeLn 3$165K
Other incomeLn 4–11$200K
Gains on assetsLn 7$38K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$5.1M
LiabilitiesLn 26$131K
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$811K$1.3M
InvestmentsLn 11–13$3.2M$3.7M
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$4.0M$5.1M
LiabilitiesLn 26$44K$131K
Net assetsLn 32$4.0M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$447K$447K
Pay of current officers, directors and key staffLn 5$162K$97K$32K$32K
Other salaries and wagesLn 7$169K$53K$33K$83K
Pension plan contributionsLn 8$17K$4K$5K$8K
Other employee benefitsLn 9$15K$6K$5K$5K
Payroll taxesLn 10$27K$12K$6K$9K
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$6K$6K$425
Advertising and promotionLn 12$4K$2K$2K$25
Office expensesLn 13$2K$531$1K
TravelLn 17$7K$3K$2K$2K
Conferences, conventions and meetingsLn 19$10K$9K$1K$41
Depreciation, depletion and amortizationLn 22$2K$970$554$785
InsuranceLn 23$7K$5K$831$809
Other expenses (24a–d)Ln 24$27K$177$6K$21K
All other expensesLn 24e$74$74
Total functional expensesLn 25$924K$645K$117K$162K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9M$1.0M$845K$7.0M 990 PDF
FY2023 $966K$1.1M−$125K$6.1M 990 PDF
FY2022 $1.3M$1.1M$215K$5.8M 990 PDF
FY2021 $2.2M$904K$1.3M$6.5M 990 PDF
FY2020 Viewing $1.6M$924K$647K$5.0M 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 FY2020 990 (6 parts)
Part I · Summary $1,571,565 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $360,038$1,206,580
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $139,497$165,481
I-11 Other revenuePrior year $135,136$199,504
I-12 Total revenuePrior year $634,671$1,571,565
I-13 Grants and similar amounts paidPrior year $200,690$446,808
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $336,456$390,181
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $96,791$87,308
I-18 Total expensesPrior year $633,937$924,297
I-19 Revenue less expensesPrior year $734$647,268
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $1,571,565 across 8 lines filed
VIII-1c Fundraising events$347,656
VIII-1f All other contributions, gifts and grants$858,924
VIII-1h Total contributions, gifts and grants$1,206,580
VIII-3 Investment incomeExcluded from tax $127,724$127,724
VIII-7 Net gain or loss on sales of assetsExcluded from tax $37,757$37,757
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $199,504$199,504
VIII-12 Total revenueRelated to mission $199,504 · Unrelated business $0 · Excluded from tax $165,481$1,571,565
Part IX · Statement of functional expenses $924,297 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $446,808$446,808
IX-5 Pay of current officers, directors and key staffPrograms $97,398 · Management $32,466 · Fundraising $32,466$162,330
IX-7 Other salaries and wagesPrograms $52,908 · Management $33,254 · Fundraising $82,592$168,754
IX-8 Pension plan contributionsPrograms $4,446 · Management $4,634 · Fundraising $7,524$16,604
IX-9 Other employee benefitsPrograms $5,781 · Management $4,709 · Fundraising $4,653$15,143
IX-10 Payroll taxesPrograms $11,963 · Management $6,418 · Fundraising $8,969$27,350
IX-11c Accounting feesManagement $16,300$16,300
IX-11f Investment management feesManagement $5,600$5,600
IX-11g Other fees for servicesPrograms $5,750 · Fundraising $425$6,175
IX-12 Advertising and promotionPrograms $1,788 · Management $2,120 · Fundraising $25$3,933
IX-13 Office expensesManagement $531 · Fundraising $1,407$1,938
IX-17 TravelPrograms $3,316 · Management $2,302 · Fundraising $1,681$7,299
IX-19 Conferences, conventions and meetingsPrograms $8,727 · Management $1,118 · Fundraising $41$9,886
IX-22 Depreciation, depletion and amortizationPrograms $970 · Management $554 · Fundraising $785$2,309
IX-23 InsurancePrograms $5,151 · Management $831 · Fundraising $809$6,791
IX-24 Other expenses (24a–d)Programs $177 · Management $6,038 · Fundraising $20,788$27,003
IX-24e All other expensesFundraising $74$74
IX-25 Total functional expensesPrograms $645,183 · Management $116,875 · Fundraising $162,239$924,297
Part X · Balance sheet $5,117,550 assets, 12 lines filed
Asset lines not itemized here account for $49,876; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $810,602$1,328,948
X-9 Prepaid expenses and deferred chargesStart of year $2,035$12,049
X-10c Land, buildings and equipment, netStart of year $3,951$2,442
X-11 Publicly traded securitiesStart of year $3,226,018$3,724,235
X-16 Total assetsStart of year $4,042,606$5,117,550
X-17 Accounts payable and accrued expensesStart of year $43,814$72,786
X-24 Unsecured notes and loans payable$58,300
X-26 Total liabilitiesStart of year $43,814$131,086
X-27 Net assets without donor restrictionsStart of year $2,351,832$3,144,854
X-28 Net assets with donor restrictionsStart of year $1,646,960$1,841,610
X-32 Total net assets or fund balancesStart of year $3,998,792$4,986,464
X-33 Total liabilities and net assetsStart of year $4,042,606$5,117,550
Part XI · Reconciliation of net assets $4,986,464 net assets at year end
XI-1 Total revenue$1,571,565
XI-2 Total expenses$924,297
XI-3 Revenue less expenses$647,268
XI-4 Net assets at start of year$3,998,792
XI-5 Net unrealized gains (losses) on investments$340,404
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,986,464

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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