2024-11-11T11:32:35-05:00 2023-12-31 411532347 HARRINGTON LANGER & ASSOCIATES 563 PHALEN BLVD SAINT PAUL MN 55130 990 2023-01-01 465187324 THE NEW IMPACT FUND NEWI 6122814809 4816 NICOLLET AVENUE S MINNEAPOLIS MN 55419 ALICIA R PHILLIPS EXECUTIVE DIRECTOR 6122814809 2024-11-08 false STEVEN SCHURHAMER P02514535 6514811128 2024-11-06 2023 2024-10-15 13:58:12Z ALICIA R PHILLIPS 4816 NICOLLET AVENUE S MINNEAPOLIS MN 55419 949711 false X NEWIMPACTFUND.ORG X 2014 MN 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. 3 3 1 0 696250 535510 414201 0 0 696250 949711 607250 0 0 7147 158880 0 11200 218884 214809 833281 373689 -137031 576022 504799 1263725 3256 5110 501543 1258615 X 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. false false 325119 414201 EDUCATION TO INDIVIDUALS TO COLLECTIVELY DO HIGH IMPACT PHILANTHROPY. 325119 true true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 1 true false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true false false MN X THE ORGANIZATION 6122814809 4816 NICOLLET AVE S MINNEAPOLIS MN 55419 ALICIA R PHILLIPS EXECUTIVE DI 30.00 X 123667 0 25230 TJ TICEY CHAIR 2.00 X X 0 0 0 SUSAN F SHANK CFA TREASURER 2.00 X X 0 0 0 ALEX DASHE SECRETARY 2.00 X X 0 0 0 123667 25230 1 false false false 535510 535510 PROGRAM SERVICE REVENUE 414201 414201 414201 949711 414201 148897 134007 14890 9983 8985 998 7395 6656 739 19193 6072 1921 11200 1254 1129 125 1366 1229 137 10267 9240 1027 3375 3038 337 1649 1484 165 12707 11436 1271 1061 955 106 PROGRAMMING FEES 134168 120751 13417 SUPPORT 22259 20033 2226 MISCELLANEOUS 115 104 11 373689 325119 37370 11200 504799 956507 307218 504799 1263725 3256 5110 3256 5110 X 501543 1243615 15000 501543 1258615 504799 1263725 576022 181050 X X false true X true false X 103791 763896 696250 535510 2099447 414201 414201 103791 763896 696250 949711 2513648 2513648 103791 763896 696250 949711 2513648 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 949711 949711 949711 373689 373689 373689 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE 290.05, WITH THE EXCEPTION OF CERTAIN BUSINESS ACTIVITIES THAT ARE NOT RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. IT IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC AND CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. FOR THE YEAR ENDED DECEMBER 31, 2023 THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR ANY UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITIES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED AT A BOARD MEETING AND ANY QUESTIONS ARE ANSWERED OR REFERRED TO THE AUDITORS IF NECESSARY. FORM 990, PAGE 6, PART VI, LINE 12C WE HAVE NEVER HAD AN OCCASION TO ENFORCE A CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A CEO, REVIEW OF OTHER ORGANIZATIONS TOP EXECUTIVE, BUDGET, IMPACT AND WORKLOAD. FORM 990, PAGE 6, PART VI, LINE 19 OUR 990 IS AVAILABLE UPON REQUEST. WE SHARE OUR FINANCIAL STATEMENTS WHEN DONORS OR PROSPECTIVE DONORS REQUEST THEM. FORM 990, PAGE 12, PART XII, LINE 1 CHANGED FROM CASH TO ACCRUAL.