Nonprofit · EIN 39-1417230
IMPACT ACCEPTANCE CORPORATION
Tax-exempt · RICE LAKE, WI 54868
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $34,868 | $954,998 | -$920,130 | $539,199 | $233,497 | $305,702 |
| December 31, 2023 | 990 | $38,579 | $67,995 | -$29,416 | $1,489,497 | $263,665 | $1,225,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,820
- Investment income
- $793
- Other revenue
- $5,255
Expenses
- Grants and similar amounts paid
- $924,469
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,525
- Program services (functional)
- $944,131
- Management and general (functional)
- $10,867
Balance sheet and other
- Total assets, start of year
- $1,489,497
- Total assets, end of year
- $539,199
- Total liabilities, end of year
- $233,497
- Net assets, end of year
- $305,702
- Net assets with donor restrictions
- $305,702
- Gross receipts
- $34,868
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- WI
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT GERBER | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $533,520 | $139,859 |
| CAROLINE LOYAS | DIRECTOR Trustee or director | 1 | $0 | $124,030 | $30,527 |
| TERRA PAWLIUK-MCGIFFIN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $112,881 | $38,272 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRETT GERBER | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $509,396 | $138,859 |
| TERRA PAWLIUK-MCGIFFIN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $116,271 | $38,244 |
| CAROLINE LOYAS | DIRECTOR Trustee or director | 1 | $0 | $113,408 | $30,189 |
Address and contacts
- Address (IRS master file)
- 2961 DECKER DR, RICE LAKE, WI 54868-7522
- Principal officer (990 for 2024)
- BRETT GERBER, 2961 DECKER DRIVE, RICE LAKE, WI 54868
- Signed the 990
- TERRA PAWLIUK-MCGIFFIN, SR DIRECTOR OF ACCOUNTING
- Phone
- (715) 434-1717
- Return prepared by
- CARTER & COMPANY CPAS LLC
Mission
PROVIDE RURAL DEVELOPMENT LOANS
Program accomplishments
- IMPACT ACCEPTANCE CORPORATION (THE CORPORATION) WAS FORMED TO BE AN INTERMEDIARY IN ORDER TO ADMINISTER A LOAN FROM THE INTERMEDIARY RELENDING PROGRAM (IRP) OF RURAL DEVELOPMENT. THE IRP IS A PROGRAM OPERATED INTERMEDIARY WHEREBY THE INTERMEDIARY USES LOAN FUNDS RECEIVED FROM RURAL DEVELOPMENT, ALONG WITH ANY OTHER AVAILABLE FUNDS, TO MAKE LOANS TO ULTIMATE RECIPIENTS. RELENDING PROGRAMS WILL NORMALLY ESTABLISH REVOLVING FUNDS SO THAT INCOME FROM LOANS MADE TO ULTIMATE RECIPIENTS, IN EXCESS OF NECESSARY OPERATING EXPENSES AND DEBT PAYMENTS, WILL BE USED TO MAKE ADDITIONAL LOANS TO ULTIMATE RECIPIENTS. AT THE END OF 2023, THE ORGANIZATION HAD LOAN RECEIVABLES TOTALING $372,854.Expenses $944,131 · grants $924,469 · revenue $34,075
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 39-1417230
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $539,199
- Income (IRS master file)
- $34,868
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $34,868 | $954,998 | $539,199 | XML |
| 990 | December 2023 | $38,579 | $67,995 | $1,489,497 | XML |
| 990 | December 2022 | $57,801 | $15,576 | $1,549,041 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 39-1417230).
Questions about IMPACT ACCEPTANCE CORPORATION
- What is the EIN of IMPACT ACCEPTANCE CORPORATION?
- The employer identification number (EIN) of IMPACT ACCEPTANCE CORPORATION is 39-1417230.
- Is IMPACT ACCEPTANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to IMPACT ACCEPTANCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT ACCEPTANCE CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IMPACT ACCEPTANCE CORPORATION 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 ACCEPTANCE CORPORATION 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 ACCEPTANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names BRETT GERBER.
- Who are the officers and directors of IMPACT ACCEPTANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does IMPACT ACCEPTANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $34,868, expenses of $954,998 and total assets of $539,199 at year end.
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