Nonprofit · EIN 27-1247430
IMPACT NETWORK
Tax-exempt · BROOKLYN, NY 11222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,487,468 | $1,368,323 | $119,145 | $678,744 | $62,177 | $616,567 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,608,686
- Program service revenue
- $0
- Investment income
- $1,164
- Net income from fundraising events
- -$123,139
- Other revenue
- -$122,382
Expenses
- Grants and similar amounts paid
- $993,400
- Compensation of officers, directors and key employees
- $53,125
- Other salaries and wages
- $149,467
- Salaries, compensation and benefits (total)
- $219,859
- Professional fundraising fees
- $0
- Accounting fees
- $33,470
- Occupancy
- $22,200
- Travel
- $17,165
- Program services (functional)
- $1,192,488
- Management and general (functional)
- $105,381
- Fundraising (functional)
- $70,454
Balance sheet and other
- Total assets, start of year
- $528,022
- Total assets, end of year
- $678,744
- Total liabilities, end of year
- $62,177
- Net assets, end of year
- $616,567
- Net assets without donor restrictions
- $369,771
- Net assets with donor restrictions
- $246,796
- Gross receipts
- $1,616,657
- Employees
- 4
- Volunteers
- 17
- Year formed
- 2009
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RESHMA PATEL | EXECUTIVE DIRECTOR Officer | 40 | $53,125 |
| DAN SUTERA | CO-FOUNDER/PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID SEIDENFELD | CO-FOUNDER/VICE PRESIDENT Trustee or director, Officer | 0.75 | $0 |
| ANUP PATEL | SECRETARY Trustee or director, Officer | 1.25 | $0 |
| JAMES LUM | TREASURER Trustee or director, Officer | 0.75 | $0 |
| DIANE H FUSILLI | DIRECTOR Trustee or director | 0.5 | $0 |
| ASHLEY GASQUE | DIRECTOR Trustee or director | 0.5 | $0 |
| SEKAI NDEMANGA | DIRECTOR Trustee or director | 0.5 | $0 |
| JENNIFER RACKLIFF | DIRECTOR Trustee or director | 1 | $0 |
| SWAN SIT | DIRECTOR Trustee or director | 0.5 | $0 |
| STEPHAN SPENCER | DIRECTOR, THRU OCT 2024 Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 61 GREENPOINT AVE SUITE 626, BROOKLYN, NY 11222-3894
- In care of
- % RESHMA PATEL
- Principal officer (990 for 2024)
- JAMES LUM, PO BOX 231301, NEW YORK, NY 10023
- Signed the 990
- JAMES LUM, TREASURER
- Phone
- (917) 670-5278
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
IMPACT NETWORK SEEKS TO IMPROVE THE LIVES OF CHILDREN RESIDING IN RURAL VILLAGES ACROSS EDUCATION, HEALTH AND ECONOMIC DEVELOPMENT SECTORS.
Program accomplishments
- IN 2024, IMPACT NETWORK SUPPORTED ZAMBIA IMPACT NETWORK LIMITED TO ACHIEVE ITS GOALS IN ZAMBIA. MAIN PROGRAMS INCLUDED:IMPACT EDUCATION: THE MAIN PROGRAM IS TO IMPLEMENT A QUALITY EDUCATION TO 6,000 STUDENTS ACROSS 40+ SCHOOLS, AND ENSURE THAT THE TEACHING AND LEARNING, MANAGEMENT OF SCHOOLS, AND OVERALL OPERATIONS ARE OF HIGH-QUALITY. ZINL ALSO GRADUATED ONE OF ITS LARGEST CLASS OF GRADE 7 STUDENTS WITH A PASS RATE OF 94% COMPARED TO THE 71% RATE COUNTRYWIDE.IMPACT GIRLS: GIRLS LEADING OUR WORLD (GLOW) CLUBS REACHED 400 GIRLS, NETGIRLS ZAMBIA REACHED 1,500 PLAYERS, AND OUR MENSTRUAL HYGIENE PROGRAMS REACHED 3,000 GIRLS.IMPACT HEALTH: LIFE SKILLS LESSONS REACHED 2,500 UPPER PRIMARY STUDENTS.IMPACT EARTH: ZINL PLANTED 2,000 TREES TO COMBAT DEFORESTATION, PARTNERED WITH EARTH WARRIORS TO DELIVER LESSONS ON CLIMATE CHANGE, AND HELD UPCYCLING ACTIVITIES.Expenses $1,192,488 · grants $993,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1247430
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $678,744
- Income (IRS master file)
- $1,616,657
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,113,384 | $948,262 | $528,022 | IRS |
| 990 | December 2022 | $989,197 | $1,063,310 | $477,932 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about IMPACT NETWORK
- What is the EIN of IMPACT NETWORK?
- The employer identification number (EIN) of IMPACT NETWORK is 27-1247430.
- Is IMPACT NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to IMPACT NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT NETWORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IMPACT NETWORK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMPACT NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IMPACT NETWORK?
- The 990 for the year ended December 31, 2024 names JAMES LUM.
- Who are the officers and directors of IMPACT NETWORK?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $53,125 (RESHMA PATEL, EXECUTIVE DIRECTOR).
- How much revenue does IMPACT NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,487,468, expenses of $1,368,323 and total assets of $678,744 at year end.
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All nonprofits in BROOKLYN · New York · International, foreign affairs and national security