2024-05-13T09:44:35-05:00 2023-06-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2022-07-01 882441320 IMPACT ORG INC % KENNETH LEE IMPA 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 KENNETH LEE CFO 6036269100 2024-05-13 true KENNETH LEE 999009999 PAUL TANIS P01441612 6175305000 2024-05-09 2 2022 2023-04-26 12:10:37Z PAUL J LEBLANC 2500 NORTH RIVER ROAD MANCHESTER NH 031061045 20276349 false X N/A X 2022 DE SEE SCHEDULE O 15 14 0 12 0 0 0 20000000 0 0 0 276349 0 0 0 20276349 0 3000000 0 0 0 0 0 0 0 0 2433 0 3002433 0 17273916 0 17273916 0 0 0 17273916 X SEE SCHEDULE O false false 3000000 0 0 SEE SCHEDULE O 3000000 true true false false false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 0 0 true 0 false false false false false false false false false false false false false false X 15 14 true false false false false true false true true false false true true true true false false false false false X KENNETH LEE 6036269100 2500 NORTH RIVER ROAD MANCHESTER NH 03106 Dr Paul J LeBlanc President & TRUSTEE 2.0 40.0 X X 0 1466779 69912 KENNETH LEE TREASURER 2.0 40.0 X 0 457673 74282 R YVETTE CLARK SECRETARY 2.0 40.0 X 0 371248 68788 WINIFRED LERNER CHAIRMAN 1.0 1.0 X X 0 0 0 RALPH RICHARD BANKS TRUSTEE 1.0 1.0 X 0 0 0 HOWARD BRODSKY TRUSTEE 1.0 1.0 X 0 0 0 GRADY R BURNETT TRUSTEE 1.0 1.0 X 0 0 0 MARIBEL DURAN TRUSTEE 1.0 1.0 X 0 0 0 JANIECE Y EVANS-PAGE TRUSTEE 1.0 1.0 X 0 0 0 MATT GREENFIELD TRUSTEE 1.0 1.0 X 0 0 0 LISA M GUERTIN TRUSTEE 1.0 1.0 X 0 0 0 DR MARYELLEN C MCGUIRE TRUSTEE 1.0 1.0 X 0 0 0 DIANE TRYNESKI TRUSTEE 1.0 1.0 X 0 0 0 MELANIE WHELAN TRUSTEE 1.0 1.0 X 0 0 0 LUIS ARTURO LOPEZ TRUSTEE 1.0 1.0 X 0 0 0 DR SONJA BROOKINS SANTELISES TRUSTEE 1.0 1.0 X 0 0 0 SHARON SCOTT-CHANDLER TRUSTEE 1.0 1.0 X 0 0 0 0 2295700 212982 0 false true false 0 20000000 20000000 0 276349 276349 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20276349 0 276349 3000000 3000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2433 2433 0 0 0 0 0 0 0 0 0 0 0 0 3002433 3000000 2433 0 0 4856951 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2917 0 0 0 0 0 12414048 0 0 0 0 0 0 0 0 0 17273916 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 17273916 0 0 0 17273916 0 17273916 17273916 X false true X false false X X X 2 URBAN COLLEGE OF BOSTON 043403049 2 false 3000000 0 SOUTHERN NEW HAMPSHIRE UNIVERSITY 020274509 2 true 0 0 2 3000000 0 false false false false true true false false false false false false false false false false true PART IV, SECTION A, LINE 1 The Corporation is organized and shall be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Southern New Hampshire University, as long as it is an organization described Sections 501(c)(3) and 170(b)(l)(A)(ii) of the Internal Revenue Code of 1986, as amended (the "Code"), and those organizations of which the Corporation is the sole corporate member, as long as the organization is described in Sections 50l(c)(3) and 509(a)(l) or (2) of the Code. PART IV, SECTION A, LINE 5 THE URBAN COLLEGE OF BOSTON (UCB)(04-3403049) WAS ADDED AS A SUPPORTED ORGANIZATION DURING THE TAX YEAR PURSUANT TO AN AFFILIATION AGREEMENT APPROVED BY THE BOARD OF UCB AND IMPACT.ORG, INC. PART IV, SECTION C, LINE 1 A majority of Impact Org Inc.'s trustees were also a majority of the trustees of SNHU, a supported organization. Impact org Inc. is the sole corporate member of The Urban College of Boston (UCB), a supported organization, and has reserved powers through an affiliation agreement. Through its agreement with UCB, Impact.org, Inc. has appointing authority over 6 of 10 board members of UCB. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X SCHEDULE D, PART X, LINE 2: U.S. GAAP REQUIRES AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. true URBAN COLLEGE OF BOSTON 2 BOYLSTON ST SUITE 2 BOSTON MA 02116 043403049 501(c)(3) 3000000 GENERAL SUPPORT 1 0 SCHEDULE I, PART I, LINE 2: Consistent with its classification as a supporting organization described in Code section 509(a)(3), in FY2023 the Corporation provided support only to its supported organization. false true false false false false false false false Dr Paul J LeBlanc President & TRUSTEE 0 942788 0 400000 0 123991 0 47500 0 22412 0 1536691 0 0 KENNETH LEE TREASURER 0 353983 0 100000 0 3690 0 45500 0 29282 0 532455 0 0 R YVETTE CLARK SECRETARY 0 306135 0 62000 0 3113 0 47500 0 21288 0 440036 0 0 SCHEDULE J, PART I, LINE 3: THE CORPORATION RELIES ON SNHU, A SUPPORTED ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OFFICERS. THE COMPENSATION WAS SET BY AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES OF SNHU AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION. DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED. SCHEDULE J, PART I, LINE 4B: DURING CALENDAR YEAR 2022, THE PRESIDENT & CEO OF SOUTHERN NEW HAMPSHIRE UNIVERSITY PARTICIPATED IN A DEFERRED COMPENSATION PLAN. AMOUNTS CREDITED ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL VESTING IN 2025. FORM 990, PART I, LINE 1 AND PART III, LINE 1: IMPACT.ORG, INC. (THE CORPORATION) WAS FORMED AT THE DIRECTION OF SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU) FOR THE BENEFIT OF SNHU, AS LONG AS SNHU IS AN ORGANIZATION DESCRIBED SECTIONS 501(C)(3) AND 170(C)(1)(A)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE). THE ACTIVITIES OF THE CORPORATION WILL CONCENTRATE PRINCIPALLY ON PROVIDING RESOURCES AND SUPPORT TO MISSION COMPATIBLE EDUCATIONAL ORGANIZATIONS THAT ASSIST SNHU IN EXTENDING THE REACH OF ITS MISSION. SNHU HAS BEEN EXTRAORDINARILY SUCCESSFUL IN BROADENING THE AVAILABILITY OF HIGHER EDUCATION TO THOSE WHO MIGHT OTHERWISE BE UNABLE TO AFFORD OR OTHERWISE ACCESS IT. BY CREATING THE CORPORATION, SNHU HAS A RESOURCE THROUGH WHICH IT MIGHT ADVANCE ITS CHARITABLE, EDUCATIONAL MISSION THROUGH GOVERNANCE AND OTHER RELATIONSHIPS WITH OTHER CODE SECTION 501(C)(3) EDUCATIONAL ENTITIES. IN SUCH CASES, THE CORPORATION EXPECTS TO BE ABLE TO FUNCTION AS THE SOLE CORPORATE MEMBER OF THE SUBJECT EDUCATIONAL INSTITUTION. FORM 990, PART III, LINE 4A: Impact Org Inc., FOR THE BENEFIT OF SOUTHERN NEW HAMPSHIRE UNIVERSITY SUCCESSFULLY PROVIDED RESOURCES AND SUPPORT TO MISSION COMPATIBLE EDUCATIONAL ORGANIZATION OF THE URBAN COLLEGE OF BOSTON (UCB). THE PROVIDED SUPPORT WAS ABLE TO FURTHER THE MISSION OF A PRIVATE TWO-YEAR COLLEGE SERVING PRIMARILY LOWER INCOME INDIVIDUALS FROM THE GREATER BOSTON AREA. FORM 990, PART VI, LINE 2: CERTAIN INDIVIDUALS LISTED IN PART VII ARE OFFICERS AND DIRECTORS OF SOUTHERN NEW HAMPSHIRE UNIVERSITY (SNHU), A RELATED ORGANIZATION. ALL INDIVIDUALS LISTED WITH RELATED ORGANIZATION COMPENSATION ARE COMPENSATED BY SNHU. FORM 990, PART VI, SECTION B, LINE 7A: The board of directors, acting as members of the corporation, elect the members of the corporation. At all times a majority of the Directors must also serve as Trustees of Southern New Hampshire University, as long as it is an organization described Sections 501(c)(3) and 170(b)(1)(A)(ii) of the Internal Revenue Code of 1986, as amended. FORM 990, PART VI, SECTION B, LINE 11: THE FORM 990 IS MADE AVAILABLE TO ALL TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12: IT IS THE POLICY OF IMPACT ORG INC. THAT CONFLICTS OF INTEREST BETWEEN IMPACT ORG INC. AND ITS TRUSTEES, OFFICERS AND EMPLOYEES BE AVOIDED AND THAT PECUNIARY BENEFIT TRANSACTIONS BE DISCLOSED AND APPROVED BY THE BOARD. IMPACT ORG INC. FOLLOWS ALL STATUTORY REQUIREMENTS OF THE FEDERAL AND STATE LAWS WHICH APPLY TO IMPACT ORG INC, INCLUDING THE PROVISIONS OF RSA 7:19-A AS THE SAME MAY BE AMENDED FROM TIME TO TIME. ALL POTENTIAL CONFLICTS OR PECUNIARY BENEFIT TRANSACTIONS AS DEFINED BY SAID STATUTE SHALL BE REPORTED TO THE BOARD AND ACTED UPON BY IT AS REQUIRED BY LAW, AND NO PERSON SHALL VOTE OR BE PRESENT FOR THE ACTION BY THE BOARD IN RELATION TO ANY SUCH MATTER INVOLVING THAT PERSON. ADDITIONALLY, ANNUAL SURVEYS ARE CONDUCTED ABOUT ANY POTENTIAL CONFLICTS AND DISCLOSURES, AND, IF ANY ARISE, THEY ARE REVIEWED. FORM 990, PART VI, SECTION B, LINE 15: THE CORPORATION RELIES ON SNHU, A SUPPORTED ORGANIZATION, TO DETERMINE THE COMPENSATION OF ITS OFFICERS. THE COMPENSATION WAS SET BY AN INDEPENDENT COMMITTEE OF THE BOARD OF TRUSTEES OF SNHU AFTER REVIEWING COMPARABLE COMPENSATION INFORMATION. DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS WERE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18: IMPACT ORG INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: IMPACT ORG INC. MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. SOUTHERN NEW HAMPSHIRE UNIVERSITY 2500 NORTH RIVER ROAD MANCHESTER NH 03106 020274509 EDUCATION NH 501(C)(3) 2 IMPACT ORG true THE URBAN COLLEGE OF BOSTON INC 2 Boylston Street Boston MA 02116 043403049 EDUCATION DE 501(C)(3) 2 IMPACT ORG true Rethink Education Seed LP 707 Westch Av White Plains NY 10604 Investments NY NA false 0 false SPLIT INTEREST TRUSTS (2) SUPPORT NH SNHU TRUST true KenzieAcademy Administracao e Participa Avenida Paulista 352 - sala 77 Bela Vista So Paulo SP CEP BR 01310-905 ASSET MGMT BR SNHU C Corp true false false true false false false false false false false false false false false false false false false true SOUTHERN NEW HAMPSHIRE UNIVERSITY C 20000000 FMV