Episcopal Impact Fund FY2021 filing

Tax-deductible

San Francisco, CA501(c)(3)ReligionEIN 94-3345498Revenue $2.2M in FY2021

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.
64¢ of each $1 spent went to programs.
$173K 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

FY2021 · 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
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$173K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
27 mo
of spending, in cash
Looks good: 27.2 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
$115K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+41% vs prior year
Spent
$904K
To programs
64%
Net assets
$6.5M
By yearFY2020–FY2024
Revenue
$2.2M
FY2021▲ +41%
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
$904K
FY2021▼ -2%
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
$6.5M
FY2021▲ +30%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

64 cents of each dollar spent went to programs.

Program services 64% · $580K Management & general 15% · $139K Fundraising 20% · $185K

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

22 people listed on the 990; $173K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$172,529Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$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 · $580K · in their own filed words · FY2021
01

In 2021, episcopal impact fund continued to grant at high levels in response to the second year of the covid emergency. Grants made totaled $ 819,026 to organizations serving approximately 100,000 people living in poverty in the bay area.

$580Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$272K
Other incomeLn 4–11$222K
Money outPt IX
$904K
Ln 25
Programscol B$580K
Managementcol C$139K
Fundraisingcol D$185K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$6.6M
LiabilitiesLn 26$115K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$58K
Fundraising eventsLn 1c$467K
Investment incomeLn 3$272K
Other incomeLn 4–11$222K
Gains on assetsLn 7$95K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$540
Total assetsLn 16$6.6M
LiabilitiesLn 26$115K
Net assetsLn 32$6.5M
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 FY21End FY21
Cash and savingsLn 1–2$1.3M$2.0M
InvestmentsLn 11–13$3.7M$4.1M
Land, buildings, equipmentLn 10c$2K$540
Total assetsLn 16$5.1M$6.6M
LiabilitiesLn 26$131K$115K
Net assetsLn 32$5.0M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$357K$357K
Pay of current officers, directors and key staffLn 5$212K$127K$42K$42K
Other salaries and wagesLn 7$169K$54K$42K$73K
Pension plan contributionsLn 8$20K$4K$6K$11K
Other employee benefitsLn 9$12K$3K$4K$5K
Payroll taxesLn 10$29K$12K$7K$11K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$32K$7K$25K
Advertising and promotionLn 12$4K$3K$337$849
Office expensesLn 13$3K$771$2K$103
Information technologyLn 14$3K$263$1K$930
Conferences, conventions and meetingsLn 19$11K$9K$2K$337
Depreciation, depletion and amortizationLn 22$2K$451$532$920
InsuranceLn 23$7K$685$5K$685
Other expenses (24a–d)Ln 24$19K$3K$2K$14K
Total functional expensesLn 25$904K$580K$139K$185K

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 Viewing $2.2M$904K$1.3M$6.5M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $2,213,656 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,206,580$1,720,384
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $165,481$271,534
I-11 Other revenuePrior year $199,504$221,738
I-12 Total revenuePrior year $1,571,565$2,213,656
I-13 Grants and similar amounts paidPrior year $446,808$356,650
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $390,181$442,317
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $87,308$105,032
I-18 Total expensesPrior year $924,297$903,999
I-19 Revenue less expensesPrior year $647,268$1,309,657
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $2,213,656 across 9 lines filed
VIII-1c Fundraising events$467,044
VIII-1e Government grants$58,300
VIII-1f All other contributions, gifts and grants$1,195,040
VIII-1h Total contributions, gifts and grants$1,720,384
VIII-3 Investment incomeExcluded from tax $176,926$176,926
VIII-7 Net gain or loss on sales of assetsExcluded from tax $94,608$94,608
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $221,738$221,738
VIII-12 Total revenueRelated to mission $221,738 · Unrelated business $0 · Excluded from tax $271,534$2,213,656
Part IX · Statement of functional expenses $903,999 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $356,650$356,650
IX-5 Pay of current officers, directors and key staffPrograms $127,409 · Management $42,470 · Fundraising $42,470$212,349
IX-7 Other salaries and wagesPrograms $53,647 · Management $42,278 · Fundraising $72,662$168,587
IX-8 Pension plan contributionsPrograms $3,724 · Management $5,571 · Fundraising $10,873$20,168
IX-9 Other employee benefitsPrograms $3,358 · Management $3,511 · Fundraising $4,921$11,790
IX-10 Payroll taxesPrograms $11,514 · Management $6,994 · Fundraising $10,915$29,423
IX-11c Accounting feesManagement $16,800$16,800
IX-11f Investment management feesManagement $7,653$7,653
IX-11g Other fees for servicesPrograms $6,750 · Fundraising $25,133$31,883
IX-12 Advertising and promotionPrograms $3,053 · Management $337 · Fundraising $849$4,239
IX-13 Office expensesPrograms $771 · Management $1,784 · Fundraising $103$2,658
IX-14 Information technologyPrograms $263 · Management $1,368 · Fundraising $930$2,561
IX-19 Conferences, conventions and meetingsPrograms $8,703 · Management $2,197 · Fundraising $337$11,237
IX-22 Depreciation, depletion and amortizationPrograms $451 · Management $532 · Fundraising $920$1,903
IX-23 InsurancePrograms $685 · Management $5,476 · Fundraising $685$6,846
IX-24 Other expenses (24a–d)Programs $2,787 · Management $2,237 · Fundraising $14,228$19,252
IX-25 Total functional expensesPrograms $579,765 · Management $139,208 · Fundraising $185,026$903,999
Part X · Balance sheet $6,585,359 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,328,948$2,045,427
X-3 Pledges and grants receivable$389,812
X-9 Prepaid expenses and deferred chargesStart of year $12,049$11,524
X-10c Land, buildings and equipment, netStart of year $2,442$540
X-11 Publicly traded securitiesStart of year $3,724,235$4,138,056
X-16 Total assetsStart of year $5,117,550$6,585,359
X-17 Accounts payable and accrued expensesStart of year $72,786$114,841
X-24 Unsecured notes and loans payableStart of year $58,300$0
X-26 Total liabilitiesStart of year $131,086$114,841
X-27 Net assets without donor restrictionsStart of year $3,144,854$4,017,972
X-28 Net assets with donor restrictionsStart of year $1,841,610$2,452,546
X-32 Total net assets or fund balancesStart of year $4,986,464$6,470,518
X-33 Total liabilities and net assetsStart of year $5,117,550$6,585,359
Part XI · Reconciliation of net assets $6,470,518 net assets at year end
XI-1 Total revenue$2,213,656
XI-2 Total expenses$903,999
XI-3 Revenue less expenses$1,309,657
XI-4 Net assets at start of year$4,986,464
XI-5 Net unrealized gains (losses) on investments$174,397
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,470,518

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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