Episcopal Impact Fund FY2023 filing

Tax-deductible

San Francisco, CA501(c)(3)ReligionEIN 94-3345498Revenue $966K in FY2023

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.
67¢ of each $1 spent went to programs.
$186K 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

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
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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$186K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.4 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
$90K
1% of total assets
Looks good: liabilities are 1% 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
$966K
-26% vs prior year
Spent
$1.1M
To programs
67%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$966K
FY2023▼ -26%
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
$1.1M
FY2023▼ -0.5%
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
$6.1M
FY2023▲ +5%
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 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 (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

67 cents of each dollar spent went to programs.

Program services 67% · $736K Management & general 12% · $134K Fundraising 20% · $221K

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

20 people listed on the 990; $186K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$185,908Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$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 · $736K · in their own filed words · FY2023
01

Episcopal Impact Fund makes grants to community-based organizations doing heart-centered work to end the cycle of poverty for Bay Area families. We use our experience and a strategic process to find, fund, and support hands-on service providers ready to make an impact today.

$736Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$966K
Ln 12
Gifts and grantsLn 1h$500K
Other incomeLn 4–11$265K
Investment incomeLn 3$201K
Money outPt IX
$1.1M
Ln 25
Programscol B$736K
Managementcol C$134K
Fundraisingcol D$221K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$6.1M
LiabilitiesLn 26$90K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$500K
Fundraising eventsLn 1c$273K
Investment incomeLn 3$201K
Other incomeLn 4–11$265K
Gains on assetsLn 7$15K
Total revenueLn 12$966K
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$118K
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$4.3M
Land, buildings, equipmentLn 10c$994
Other assetsLn 15$0
Total assetsLn 16$6.1M
LiabilitiesLn 26$90K
Net assetsLn 32$6.1M
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 FY23End FY23
Cash and savingsLn 1–2$1.3M$1.3M
InvestmentsLn 11–13$3.5M$4.3M
Land, buildings, equipmentLn 10c$2K$994
Total assetsLn 16$5.8M$6.1M
LiabilitiesLn 26$73K$90K
Net assetsLn 32$5.8M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$512K$512K
Pay of current officers, directors and key staffLn 5$238K$143K$48K$48K
Other salaries and wagesLn 7$158K$38K$32K$88K
Pension plan contributionsLn 8$11K$2K$2K$7K
Other employee benefitsLn 9$12K$7K$2K$3K
Payroll taxesLn 10$23K$10K$5K$8K
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$24K$24K
Advertising and promotionLn 12$42K$12K$30K
Office expensesLn 13$5K$3K$2K$198
TravelLn 17$1K$1K$198
Conferences, conventions and meetingsLn 19$10K$5K$5K$467
Depreciation, depletion and amortizationLn 22$828$239$376$213
InsuranceLn 23$7K$736$6K$736
Other expenses (24a–d)Ln 24$14K$2K$873$11K
Total functional expensesLn 25$1.1M$736K$134K$221K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9M$1.0M$845K$7.0M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $965,537 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $789,771$499,589
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $202,322$201,332
I-11 Other revenuePrior year $319,600$264,616
I-12 Total revenuePrior year $1,311,693$965,537
I-13 Grants and similar amounts paidPrior year $483,284$512,006
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $488,743$442,828
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $124,440$136,027
I-18 Total expensesPrior year $1,096,467$1,090,861
I-19 Revenue less expensesPrior year $215,226−$125,324
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 $965,537 across 8 lines filed
VIII-1c Fundraising events$272,727
VIII-1f All other contributions, gifts and grants$226,862
VIII-1h Total contributions, gifts and grants$499,589
VIII-3 Investment incomeExcluded from tax $186,104$186,104
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,228$15,228
VIII-8 Net income from fundraising eventsExcluded from tax −$136,980−$136,980
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $401,596$401,596
VIII-12 Total revenueRelated to mission $401,596 · Unrelated business $0 · Excluded from tax $64,352$965,537
Part IX · Statement of functional expenses $1,090,861 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $512,006$512,006
IX-5 Pay of current officers, directors and key staffPrograms $143,088 · Management $47,696 · Fundraising $47,696$238,480
IX-7 Other salaries and wagesPrograms $38,042 · Management $31,895 · Fundraising $87,724$157,661
IX-8 Pension plan contributionsPrograms $2,153 · Management $2,284 · Fundraising $6,835$11,272
IX-9 Other employee benefitsPrograms $6,899 · Management $2,274 · Fundraising $3,059$12,232
IX-10 Payroll taxesPrograms $10,094 · Management $4,661 · Fundraising $8,428$23,183
IX-11c Accounting feesManagement $20,800$20,800
IX-11f Investment management feesManagement $10,314$10,314
IX-11g Other fees for servicesFundraising $24,126$24,126
IX-12 Advertising and promotionPrograms $12,041 · Fundraising $30,203$42,244
IX-13 Office expensesPrograms $3,028 · Management $2,083 · Fundraising $198$5,309
IX-17 TravelPrograms $1,112 · Fundraising $198$1,310
IX-19 Conferences, conventions and meetingsPrograms $4,610 · Management $4,750 · Fundraising $467$9,827
IX-22 Depreciation, depletion and amortizationPrograms $239 · Management $376 · Fundraising $213$828
IX-23 InsurancePrograms $736 · Management $5,659 · Fundraising $736$7,131
IX-24 Other expenses (24a–d)Programs $1,944 · Management $873 · Fundraising $11,321$14,138
IX-25 Total functional expensesPrograms $735,992 · Management $133,665 · Fundraising $221,204$1,090,861
Part X · Balance sheet $6,149,872 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $789,234$1,187,832
X-2 Savings and temporary cash investmentsStart of year $473,398$118,096
X-3 Pledges and grants receivableStart of year $632,174$527,492
X-9 Prepaid expenses and deferred chargesStart of year $1,720$10,872
X-10c Land, buildings and equipment, netStart of year $1,822$994
X-11 Publicly traded securitiesStart of year $3,499,388$4,304,586
X-15 Other assetsStart of year $448,500$0
X-16 Total assetsStart of year $5,846,236$6,149,872
X-17 Accounts payable and accrued expensesStart of year $73,291$90,170
X-26 Total liabilitiesStart of year $73,291$90,170
X-27 Net assets without donor restrictionsStart of year $3,642,065$3,782,073
X-28 Net assets with donor restrictionsStart of year $2,130,880$2,277,629
X-32 Total net assets or fund balancesStart of year $5,772,945$6,059,702
X-33 Total liabilities and net assetsStart of year $5,846,236$6,149,872
Part XI · Reconciliation of net assets $6,059,702 net assets at year end
XI-1 Total revenue$965,537
XI-2 Total expenses$1,090,861
XI-3 Revenue less expenses−$125,324
XI-4 Net assets at start of year$5,772,945
XI-5 Net unrealized gains (losses) on investments$412,115
XI-8 Prior period adjustments−$34
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,059,702

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

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