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EIN 46-5187324

The New Impact Fund

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Minneapolis
State
Minnesota
Year formed
2014
Most recent tax filings
2023-12-01
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
Description
To connect bipoc entrepreneurs in twin cities neighborhoods with The financial and social capital they need to grow and sustain their businesses by activating untapped individual wealth, ultimately working to eliminate The racial wealth gap in our local ecosystem. Provide education to individuals to collectively do high Impact philanthropy.
Total revenues
$949,711
2023
Total expenses
$373,689
2023
Total assets
$1,263,725
2023
Num. employees
1
2023

Program areas at The New Impact Fund

Education to individuals to collectively do high Impact philanthropy.

Who funds The New Impact Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The McKnight FoundationFor General Operating Support$100,000
Catholic Community Foundation of Minnesota (CCF)General Oper$100,000
Rooted PhilanthropicGeneral Support$75,000
...and 7 more grants received

Personnel at The New Impact Fund

NameTitleCompensation
Alicia PhillipsPresident$0

Financials for The New Impact Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$535,510
Program services$414,201
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$949,711

Form 990s for The New Impact Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-10990View PDF
2021-122022-07-27990View PDF
2020-122021-06-01990View PDF
2019-122020-09-04990View PDF
2018-122019-07-23990View PDF
...and 4 more Form 990s

Organizations like The New Impact Fund

OrganizationLocationRevenue
Msda Charitable and Educational FoundationColumbia, MD$253,711
Nevada Women's FundReno, NV$1,370,622
Louix Dor Dempriey FoundationLaguna Hills, CA$478,476
Magnified GivingCincinnati, OH$2,905,017
Bridges Impact FoundationBoston, MA$846,097
Bresee FoundationLos Angeles, CA$4,535,154
Lyford Cay FoundationGreenwich, CT$2,952,047
Colorado 500 Charity FundBasalt, CO$322,377
3 To 1 FoundationFrisco, TX$271,199
Fremont-Rideout FoundationMarysville, CA$1,328,325
Data update history
January 8, 2025
Used new vendors
Identified 1 new vendor, including
January 7, 2025
Received grants
Identified 2 new grant, including a grant for $100,000 from The McKnight Foundation
October 21, 2024
Received grants
Identified 1 new grant, including a grant for $7,000 from Neville Family Foundation
July 16, 2024
Received grants
Identified 2 new grant, including a grant for $75,000 from Rooted Philanthropic
May 1, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsCharities
Issues
Education
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
4816 Nicollet Ave S
Minneapolis, MN 55419
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
newimpactfund.org/ 
Phone
(612) 281-4809
IRS details
EIN
46-5187324
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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