2024-11-15T10:08:14-06:00 2023-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-01-01 832945292 IMPACT CAPITAL MANAGERS INSTITUTE INC IMPA 9174954241 11 WEST 42ND STREET 2 FL NEW YORK NY 10036 MARIEKE SPENCE EXECUTIVE DIRECTOR 9174954241 2024-11-14 1 0 FREDERICK MARTENS P00298107 2126972299 2023 2024-10-15 13:58:12Z HOPE MAGO 11 WEST 42ND STREET 2 FL NEW YORK NY 10036 550900 0 X N/A X 2018 DE THE CORPORATION SHALL WORK TO FOSTER, FACILITATE AND SUPPORT THE DEVELOPMENT OF PRIVATE CAPITAL IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP AND OTHER INNOVATIVE FINANCING MECHANISMS TO EFFECT POSITIVE SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS; (B) FACILITATING AND PROVIDING SUPPORT FOR RESEARCH AND STUDIES; (C) CREATING AND DISSEMINATING OR SUPPORTING THE CREATION AND DISSEMINATION OF EDUCATIONAL MATERIALS, TRAINING AND IMPACT MEASUREMENT TOOLS, AND OTHER RESOURCES; (D) DEVELOPING AND PROMOTING COLLABORATIONS AND RELATIONSHIPS DESIGNED TO BUILD AND SUSTAIN EDUCATED, DIVERSE, AND DYNAMIC COMMUNITIES OF IMPACT AND ENABLE THE EFFECTIVE DEPLOYMENT OF PHILANTHROPIC AND OTHER RESOURCES IN A MISSION-ALIGNED MANNER; AND (E) ENGAGING IN ANY AND ALL OTHER LAWFUL ACTIVITIES INCIDENTAL TO AND IN PURSUIT OF THE FOREGOING PURPOSES. 6 6 0 6 0 0 294831 530000 0 0 0 0 0 20900 294831 550900 114521 133424 0 0 250499 254453 0 0 13772 164559 342223 529579 730100 -234748 -179200 230546 181731 97117 227502 133429 -45771 X THE CORPORATION SHALL WORK TO FOSTER, FACILITATE AND SUPPORT THE DEVELOPMENT OF PRIVATE CAPITAL IMPACT INVESTING, SOCIAL ENTREPRENEURSHIP AND OTHER INNOVATIVE FINANCING MECHANISMS TO EFFECT POSITIVE SOCIAL CHANGE BY, AMONG OTHER ACTIVITIES (A) CREATING AND FACILITATING EDUCATIONAL FORUMS, TRAININGS, WORKSHOPS AND PROGRAMS; (B) FACILITATING AND PROVIDING SUPPORT FOR RESEARCH AND STUDIES; (C) CREATING AND DISSEMINATING OR SUPPORTING THE CREATION AND DISSEMINATION OF EDUCATIONAL MATERIALS, TRAINING AND IMPACT MEASUREMENT TOOLS, AND OTHER RESOURCES; (D) DEVELOPING AND PROMOTING COLLABORATIONS AND RELATIONSHIPS DESIGNED TO BUILD AND SUSTAIN EDUCATED, DIVERSE, AND DYNAMIC COMMUNITIES OF IMPACT AND ENABLE THE EFFECTIVE DEPLOYMENT OF PHILANTHROPIC AND OTHER RESOURCES IN A MISSION-ALIGNED MANNER; AND (E) ENGAGING IN ANY AND ALL OTHER LAWFUL ACTIVITIES INCIDENTAL TO AND IN PURSUIT OF THE FOREGOING PURPOSES. 0 0 589288 133424 20900 -IN PARTNERSHIP WITH THE ICM INC. ASSOCIATION, ORCHESTRATED THE FOURTH YEAR OF THE MOSAIC FELLOWSHIP, PLACING 25 TOP-PERFORMING GRADUATE STUDENTS FROM BACKGROUNDS TRADITIONALLY UNDERREPRESENTED IN FINANCE AND INVESTING, AT 21 ICM MEMBER FUNDS FOR THE SUMMER. DELIVERED A FOUR-PART CURRICULUM - INCLUDING IN-PERSON ORIENTATION IN NEW YORK CITY - AS WELL AS NETWORKING AND MENTORSHIP OPPORTUNITIES TO ACCELERATE THEIR CAREERS IN IMPACT INVESTING.-WITH IMPACT FRONTIERS, LAUNCHED THE IMPACT-FINANCIAL INTEGRATION CURRICULUM FOR A COHORT OF PRIVATE CAPITAL, MARKET-RATE IMPACT FUND MANAGERS, CREATING EDUCATIONAL CONTENT AND RESOURCES PUBLICLY AVAILABLE THROUGH A FREE ONLINE PROGRAM AND WEBSITE.-PUBLISHED A NEW STUDY ANALYZING 200+ EXIT EVENTS ACROSS ~30 ICM MEMBER FUNDS TO BETTER UNDERSTAND SOCIAL AND ENVIRONMENTAL IMPACT GENERATED DURING THE HOLDING PERIOD, REALIZED FINANCIAL PERFORMANCE, AND THE RELATIONSHIP BETWEEN IMPACT FACTORS AND FINANCIAL FACTORS AT THE PORTFOLIO COMPANY LEVEL. THIS REPORT WAS MADE FREE AND AVAILABLE TO THE PUBLIC IN 2023.-PUBLISHED THE FIELD-BUILDING RESOURCE "WHAT'S NEXT FOR FUND ADMINISTRATION", WITH ICM FELLOW LAUREN WASHINGTON. THIS REPORT WAS MADE FREE AND AVAILABLE TO THE PUBLIC IN 2023.-WORKED WITH FIVE OTHER PEER MEMBERSHIP NETWORKS AS PART OF THE BELONGING COLLABORATIVE, TO ADVANCE A SHARED PRIORITY TO ACCELERATE RACIAL EQUITY THROUGH THE TOOLS OF IMPACT INVESTING. HELD A LEADERSHIP SUMMIT TOWARD THIS END.-REPRESENTED ICM INSTITUTE PERSPECTIVE ON IMPACT INVESTING IN THE PRIVATE MARKET, AND HOW TO GROW THE FIELD WITH INTEGRITY AND AUTHENTICITY, AT A VARIETY OF EVENTS AND CONFERENCES. 589288 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X THE ORGANIZATION 9174954241 11 WEST 42ND STREET 2 FL NEW YORK NY 10036 BRIAN TRELSTAD CHAIR 1.00 1.00 X X 0 0 0 ROGER LIEW TREASURER 1.00 X X 0 0 0 PAUL STRAUB DIRECTOR 1.00 X 0 0 0 LIZ LUCKETT DIRECTOR 1.00 X 0 0 0 CAROLYN FARLEY DIRECTOR 1.00 X 0 0 0 STONLY BLUE DIRECTOR 1.00 X 0 0 0 MARIEKE SPENCE EXECUTIVE DIRECTOR 25.00 25.00 X 83017 86983 0 83017 86983 0 0 0 1 0 0 530000 530000 OTHER INCOME 900099 20900 20900 20900 550900 20900 0 0 X 133424 133424 83017 66414 12452 4151 148699 118958 22305 7436 8361 6689 1254 418 14376 11502 2155 719 26314 26314 18452 18452 171999 167378 4621 13697 13697 3098 3098 9349 1943 6358 1048 23088 23088 29800 29800 6479 6479 EVENT EXPENSES 39483 39483 BANK FEES 464 464 730100 589288 127040 13772 226482 181731 4064 230546 181731 1294 20954 95823 206548 97117 227502 X 125545 -183655 7884 137884 133429 -45771 230546 181731 -179200 0 X 1 X 0 0 0 X 250000 350000 592500 294831 530000 2017331 250000 350000 592500 294831 530000 2017331 1469645 547686 20900 20900 2038231 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO IMPACT CAPITAL MANAGERS, INC. 206548 206548 1 MOSAIC FELLOWSHIP 25 126351 RESEARCH INITIATIVE FELLOWSHIP 3 7073 PART I, LINE 2: THE ICM MOSAIC FELLOWSHIP AWARDS HIGHLY COMPETITIVE, PAID SUMMER ASSOCIATE ROLES TO HIGH PERFORMING GRADUATE STUDENTS WHO HAIL FROM UNDERREPRESENTED BACKGROUNDS IN FINANCE AND INVESTING. ALL ICM HOST FUNDS ARE REQUIRED TO APPLY TO HOST A FELLOW, MUST UNDERGO PREPARATORY TRAINING, AND SUBMIT A WORKPLAN TO ICM IN ADVANCE OF HOSTING TO ENSURE THAT FELLOWS WILL BE WORKING ON SUBSTANTIVE, MISSION-ALIGNED PROJECTS. ICM STAFF CHECK IN WITH HOST FUNDS PERIODICALLY DURING THE SUMMER AND ONLY RELEASE STIPEND REIMBURSEMENTS - WHICH ARE BASED ON A SLIDING SCALE THAT TRACKS TO HOST FUND AUM - TO HOST FUNDS AT THE MID-POINT OF THE FELLOWSHIP. ICM ORGANIZES AND RUNS A WEEKLY VIRTUAL CHECK-IN FOR FELLOWS TO SUPPORT EACH OTHER, BUILD CONNECTIONS, TROUBLESHOOT, AND SHARE IDEAS. ICM ALSO ADMINISTERS AN INTERACTIVE 4-PART CURRICULUM ON IMPACT INVESTING TO ALL FELLOWS AS PART OF THE PROGRAM. ICM TRACKS ALL STAFF TIME AND OTHER EXPENSES DEVOTED TO THE PREPARATION AND ADMINISTRATION OF THE FELLOWSHIP. ICM'S RESEARCH INITIATIVE FELLOWSHIP BROUGHT ON A GRADUATE STUDENT FELLOW TO DEVELOP AND IMPLEMENT A PUBLICLY AVAILABLE ONLINE RESOURCE DETAILING ALL ICM MEMBER FUNDS AND THEIR PORTFOLIO COMPANIES. ICM STAFF AND LEADERSHIP PROVIDED OVERSIGHT OF THE FELLOW AND THE PROJECT AND REPORTED ON PROGRESS IN GRANT REPORTS. ICM'S IMPACT MANAGEMENT INITIATIVE FELLOWSHIP BROUGHT ON A GRADUATE STUDENT TO DEVELOP AND IMPLEMENT A RIGOROUS SET OF IMPACT MANAGEMENT AND MEASUREMENT STANDARDS THAT ARE APPLIED BY ICM MEMBERS BUT RECOMMENDED FOR ALL PRIVATE CAPITAL IMPACT FUNDS, DELIVERING ON OUR MISSION TO SCALE THE FIELD WITH INTEGRITY AND AUTHENTICITY. ICM STAFF AND LEADERSHIP PROVIDED OVERSIGHT OF THE FELLOW AND PROJECT AND REPORTED ON PROGRESS IN GRANT REPORTS. ICM'S FELLOWSHIP INVOLVED BRINGING ON A GRADUATE STUDENT TO UPDATE THE IMPACT MAP AND STREAMLINE THE PROCESS TO KEEP THIS PUBLICLY AVAILABLE RESOURCE TIMELY AND ACCURATE. THE STUDENT'S WORK WAS MONITORED REGULARLY BY ICM STAFF AND LEADERSHIP AND THE ORGANIZATION REPORTED ON PROGRESS IN ALL GRANT REPORTS X 0 0 0 0 0 0 0 0 0 MARIEKE SPENCE EXECUTIVE DIRECTOR 83017 86983 0 0 0 0 0 0 0 0 83017 86983 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS IMPACT CAPITAL MANAGERS, INC., A 501(C)(6), A DELAWARE NONPROFIT, NONSTOCK CORPORATION, FORMED TO SUPPORT PRIVATE CAPITAL IMPACT FUNDS. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER APPOINTS THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B AFTER IT IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS, A DRAFT OF FORM 990 IS REVIEWED IN DETAIL BY THE CHAIR AND TREASURER. PRIOR TO FILING, THE FINAL FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ANNUALLY REVIEWS THE ORGANIZATIONS ACTIVITIES FOR CONFLICT OF INTEREST. BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM AND DISCLOSE ANY EXCEPTIONS. A TRUSTEE WHO HAS A POTENTIAL CONFLICT OF INTEREST CANNOT PARTICIPATE IN ANY CONSIDERATION BY THE BOARD RELATING TO THE CONFLICT. TRUSTEES MUST NOTIFY THE BOARD IMMEDIATELY IF ANY CONFLICTS ARISE DURING THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAIALABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,621. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,621. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 167,378. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 167,378. IMPACT CAPITAL MANAGERS INC 11 WEST 42ND STREET 2ND FL NEW YORK NY 10036 833201824 TO SUPPORT PRIVATE CAPITAL IMPACT FUNDS DE 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 IMPACT CAPITAL MANAGERS INC O 254453 ACTUAL EXPENSES INCURRED IMPACT CAPITAL MANAGERS INC Q 128445 ACTUAL EXPENSES INCURRED