2025-10-15T10:25:22-04:00 2024-12-31 411532347 HARRINGTON LANGER & ASSOCIATES 563 PHALEN BLVD SAINT PAUL MN 55130 990 2024-01-01 465187324 THE NEW IMPACT FUND NEWI 6122814809 5922 EXCELSIOR BOULEVARD MINNEAPOLIS MN 55416 ALICIA R PHILLIPS EXECUTIVE DIRECTOR 6122814809 2025-08-05 false STEVEN SCHURHAMER P02514535 6514811128 2025-08-04 2024 2025-03-06 01:10:19Z ALICIA R PHILLIPS 4816 NICOLLET AVENUE S MINNEAPOLIS MN 55419 783526 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 2 0 535510 628526 414201 155000 0 0 949711 783526 0 0 158880 290299 27835 42349 214809 714747 373689 1032881 576022 -249355 1263725 1052877 5110 43617 1258615 1009260 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 901758 155000 EDUCATION TO INDIVIDUALS TO COLLECTIVELY DO HIGH IMPACT PHILANTHROPY. 901758 true true false false false false false false false false false false false false false true true false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false true 7 0 true 2 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 5922 EXCELSIOR BOULEVARD MINNEAPOLIS MN 55416 X ALICIA R PHILLIPS EXECUTIVE DI 40.00 X 172200 0 82528 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 172200 82528 1 false true false 628526 628526 PROGRAM SERVICE REVENUE 155000 155000 155000 783526 155000 254728 229256 12736 12736 21343 19209 1067 1067 14228 12806 711 711 42931 38638 4293 27835 27835 7726 4170 3556 26045 23440 2605 4947 4452 495 9790 8811 979 5775 5197 578 1181 1063 118 14559 13103 1456 555 499 56 CAPITAL POOL 576933 519240 57693 SUPPORT 23627 21264 2363 UTILITIES 586 527 59 MISCELLANEOUS 92 83 9 1032881 901758 88774 42349 956507 743186 307218 309691 1263725 1052877 5110 43617 5110 43617 X 1243615 1009260 15000 1258615 1009260 1263725 1052877 -249355 X false true X true false X 103791 763896 696250 535510 628526 2727973 414201 155000 569201 103791 763896 696250 949711 783526 3297174 3297174 103791 763896 696250 949711 783526 3297174 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 783526 783526 783526 1032881 1032881 1032881 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, 2024 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; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X X X true THE FINANCIAL SVCS CONSLTNG GROUP 120 SOTH 6TH STREET SUITE 2350 MINNEAPOLIS MN 55402 false 300000 10649 289351 300000 10649 289351 X X false false false false false false false false false ALICIA R PHILLIPS EXECUTIVE DIRECTOR 167200 5000 82528 254728 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.