EIN 87-2724435

Community Impact

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Sheridan
State
Year formed
2021
Most recent tax filings
2021-11-01
NTEE code, primary
Z99: Unknown
Notice
This nonprofit is terminated or no longer active
Community Impact may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Our mission is to develop an asset that can be of multi-generational value to the Sheridan community so that all Sheridan citizens have the opportunity to flourish and contribute. Our focus will be on providing a healthy space to support housing needs, health and wellness, and education. Community Impacts mission is to further social welfare purposes for the town of Sheridan, Wyoming, by acquiring real estate that encompasses a multi-use facility for the use and benefit of the community.
Total revenues
$7,300,000
2021
Total expenses
$7,300,000
2021
Total assets
$0
2021
Num. employees
0
2021

Program areas at Community Impact

Community Impact Inc. received a grant in the amount of 7,300,000 from the Homer Mildred Scott Foundation, a Section 501c3 organization EIN 74-2250381, which it used to purchase real property encompassing a multi-use facility for the use and benefit of the residents of Sheridan, Wyoming, and related expenses. Following the purchase of the facility, Community Impact Inc.s Board determined that the purpose would be better filled by having the Homer Mildred Scott Foundation operate the facility. Community Impact Inc. accordingly converted to a single-member limited liability company in which the Homer Mildred Scott Foundation is the sole member. The limited liability company is a disregarded entity that is not treated as an entity separate from the Homer Mildred Scott Foundation for Federal tax purposes. Community Impact Inc. effectively then made a liquidating distribution of its net assets to the Homer Mildred Scott Foundation.

Financials for Community Impact

RevenuesFYE 11/2021
Total grants, contributions, etc.$7,300,000
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,300,000

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Data update history
No data updates available
Nonprofit Types
No nonprofit types found
Issues
No issues found
Characteristics
State / local levelNo full-time employeesTerminated
General information
Address
4 South Main St
Sheridan, WY 82801
Phone
(307) 218-9192
IRS details
EIN
87-2724435
Fiscal year end
November
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Z99: Z99
Parent/child status
Independent
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