Nonprofit · EIN 84-4671011
NEW IMPACT
Tax-exempt · SEATTLE, WA 98112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $247,260 | $266,472 | -$19,212 | $25,531 | $18,772 | $6,759 |
| December 31, 2023 | 990 | $314,007 | $313,204 | $803 | $39,527 | $13,556 | $25,971 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $216,000
- Program service revenue
- $30,500
- Investment income
- $0
- Other revenue
- $760
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $164,412
- Salaries, compensation and benefits (total)
- $180,955
- Professional fundraising fees
- $0
- Legal fees
- $393
- Accounting fees
- $9,700
- Occupancy
- $202
- Travel
- $5,901
- Program services (functional)
- $42,820
- Management and general (functional)
- $223,652
Balance sheet and other
- Total assets, start of year
- $39,527
- Total assets, end of year
- $25,531
- Total liabilities, end of year
- $18,772
- Net assets, end of year
- $6,759
- Net assets without donor restrictions
- $6,759
- Gross receipts
- $247,260
- Employees
- 2
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- WA
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 |
|---|---|---|---|
| ELISABETH R ROBERTS | SENIOR PRODUCT MANAGER Highest-paid employee | 40 | $140,400 |
| JENS MOLBAK | DIRECTOR & PRESIDENT Trustee or director, Officer | 40 | $0 |
| JON DIAMOND | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 0.8 | $0 |
| ROBERT LILLENESS | DIRECTOR, SECRETARY & TREASURER Trustee or director, Officer | 0.8 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH R ROBERTS | SENIOR PRODUCT MANAGER Highest-paid employee | 40 | $140,400 | $23 |
| JENS MOLBAK | DIRECTOR & PRESIDENT Trustee or director, Officer | 40 | $0 | $0 |
| JON DIAMOND | DIRECTOR & VICE PRESIDENT Trustee or director, Officer | 0.8 | $0 | $0 |
| ROBERT LILLENESS | DIRECTOR, SECRETARY & TREA Trustee or director, Officer | 0.8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4111 E MADISON ST STE 56, SEATTLE, WA 98112-3241
- In care of
- % JENS H MOLBAK
- Principal officer (990 for 2024)
- JENS MOLBAK, 4111 E MADISON STREET 56, SEATTLE, WA 98112
- Signed the 990
- JENS MOLBAK, PRESIDENT
- Phone
- (425) 398-5103
- Website
- WWW.NEWIMPACT.CARE
- Return prepared by
- GREENWOOD OHLUND PS
Mission
WE PASSIONATELY WORK TO CATALYZE AND SCALE INNOVATION THAT POSITIVELY IMPACTS HUMANITY BY INSPIRING, ENABLING, AND ACTIVATING A COMMUNITY OF TRI-SECTOR INNOVATORS FROM COMPANIES, NONPROFITS, AND GOVERNMENT AGENCIES. THEIR INNOVATIONS WILL ACCELERATE IMPACT BY LEVERAGING EXISTING RESOURCES AND ALIGNING INTERESTS FROM THE PRIVATE, SOCIAL, AND PUBLIC SECTORS -PROVIDING BENEFITS FOR PEOPLE AND THE PLANET. OUR GOAL IS THAT TRI-SECTOR INNOVATION WILL BE AS WIDELY ACCEPTED AND WIDELY PRACTICED AS DESIGN THINKING, AGILE DEVELOPMENT, AND HUMAN-CENTERED DESIGN.
Program accomplishments
- TRI-SECTOR RESOURCE EXPLORER AI TOOL: NEWIMPACT CREATED AND LAUNCHED THE TRI-SECTOR RESOURCE EXPLORER, A FREE AI-POWERED ASSISTANT DESIGNED TO HELP INDIVIDUALS AND ORGANIZATIONS IDENTIFY CROSS-SECTOR RESOURCES, COLLABORATIONS, AND GROWTH OPPORTUNITIES. BUILT WITH CUSTOMIZED GUIDELINES, INSTRUCTIONS, AND CONTEXT TO ALIGN WITH TRI-SECTOR INNOVATION PRINCIPLES, THE TOOL ENABLES USERS TO DISCOVER ORGANIZATIONS AND ASSETS, ALIGN INTERESTS ACROSS SECTORS, AND EXPLORE CREATIVE APPROACHES TO LEVERAGING EXISTING RESOURCES. IT ALSO PROVIDES ACTIONABLE OUTPUTS, INCLUDING DRAFT BUSINESS PLANS, PITCH DECKS, AND STRATEGIC SUMMARIES, TO HELP USERS ADVANCE THEIR IDEAS.THIS INITIATIVE REFLECTS NEWIMPACT'S COMMITMENT TO PROVIDING FREE, ACCESSIBLE TOOLS THAT FOSTER TRI-SECTOR COLLABORATION AND SUPPORT IMPACT-DRIVEN INNOVATION.Expenses $8,661
- CONCENTRIC ADVISORS TRI-SECTOR INNOVATION WORKSHOP: NEWIMPACT DESIGNED AND DELIVERED A TAILORED FOUR-HOUR INTERACTIVE WORKSHOP IN JANUARY 2024 FOR THE LEADERSHIP TEAM AT CONCENTRIC SERVICES, A PRIVATE SECTOR SECURITY ADVISOR AND SERVICES PROVIDER. THE HALF-DAY SESSION INTRODUCED TRI-SECTOR INNOVATION (TSI) PRINCIPLES TO GENERATE INNOVATION AND NEW OPPORTUNITIES ALIGNED WITH CONCENTRIC'S OBJECTIVES. PARTICIPANTS IDENTIFIED POTENTIAL IMPACT AREAS, EXPLORED CROSS-SECTOR OPPORTUNITIES, AND IDENTIFIED RESOURCES AND BUSINESS MODEL DESIGN TO EXPAND POSSIBILITIES AND APPLIED TO REAL COMPANY CHALLENGES.THIS INITIATIVE REFLECTS NEWIMPACT'S DEDICATION TO FOSTERING INNOVATIVE THINKING WITHIN THE PRIVATE SECTOR. THE ALLOCATED FUNDS COVERED ESSENTIAL WORKSHOP LOGISTICS AND FACILITATION, MATERIALS, AND TOOLS, ENSURING A TRANSFORMATIVE AND IMPACTFUL SESSION FOR CONCENTRIC SERVICES.Expenses $8,640 · revenue $8,000
- UNIVERSITY OF WASHINGTON BUSINESS/ENTREPRENEURSHIP CLASSES: NEWIMPACT CONTRIBUTED TO THE UNIVERSITY OF WASHINGTON'S ENTREPRENEURSHIP CURRICULUM BY INTEGRATING TRI-SECTOR INNOVATION INTO CLASS DISCUSSIONS AND INSTRUCTIONAL MATERIALS. THIS INITIATIVE PROVIDED STUDENTS WITH INSIGHTS INTO DESIGNING BUSINESS MODELS THAT ALIGN PRIVATE, PUBLIC, AND SOCIAL SECTOR RESOURCES. ACTIVITIES INCLUDED GUEST LECTURES AND INTERACTIVE EXERCISES. THIS WORK SUPPORTED NEWIMPACT'S MISSION TO EQUIP FUTURE ENTREPRENEURS WITH KNOWLEDGE OF TSI AND TOOLS FOR SCALABLE, HIGH-IMPACT INNOVATION.Expenses $8,339
- OTHER 2024 PROGRAMS: NEWIMPACT'S OTHER 2024 PROGRAMS, FOCUSED ON ADVANCING TRI-SECTOR INNOVATION (TSI) THROUGH EDUCATION, WORKSHOPS, AND RESOURCE DEVELOPMENT TO PROMOTE TRI-SECTOR PROBLEM SOLVING AND INNOVATION:- BALL STATE UNIVERSITY: DELIVERED A TSI INTRODUCTION AS PART OF MILLER SCHOOL OF BUSINESS REIMAGINING BUSINESS EDUCATION SPEAKER SERIES AND LED A COMMUNITY WORKSHOP ON A PUBLIC UTILITY MODEL FOR FOOD INSECURITY. - BLUE RIDGE LABS: CONDUCTED A THREE-HOUR WORKSHOP FOR IMPACT-CENTERED START-UPS IN THE BLUE RIDGE LABS ACCELERATOR, FOCUSED ON BUILDING STRONGER AND MORE IMPACTFUL BUSINESS MODELS THROUGH PRINCIPLES, FOLLOWED BY MENTORSHIP SUPPORT. - GREEN PHOENIX COLLABORATIVE: PROVIDED EDUCATIONAL RESOURCES, AN INTERACTIVE WORKSHOP, AND COMMUNITY FACILITATION TO INTRODUCE TSI PRINCIPLES. - NEWIMPACT WIKI DATABASE: MAINTAINED AND PROVIDED ONGOING ACCESS TO THE NEWIMPACT WIKI, A FREE AND OPEN ONLINE PLATFORM DESIGNED TO HELP ENTREPRENEURS, MANAGERS, AND POLICYMAKERS IDENTIFY CROSS-SECTOR RESOURCES AND POTENTIAL COLLABORATORS, INTEGRATING TOOLS FOR EXPLORING GOVERNMENT, NONPROFIT, AND PRIVATE-SECTOR INITIATIVES.- TRI-SECTOR INNOVATION TEACHING HUB: AN EDUCATIONAL RESOURCE TO HELP UNIVERSITIES AND TRAINING PROGRAMS INTEGRATE TSI CONCEPTS. THE PROJECT INCLUDES INSTRUCTIONAL CONTENT, LEARNING MODULES, AND TEACHING BEST PRACTICES, WITH DEVELOPMENT STILL IN PROGRESS.THESE INITIATIVES SUPPORT NEWIMPACT'S MISSION TO PROMOTE TRI-SECTOR COLLABORATION BY EQUIPPING COMMUNITIES, ORGANIZATIONS, START-UPS, AND UNIVERSITIES WITH PRACTICAL TOOLS, FRAMEWORKS, AND RESOURCES FOR PROBLEM-SOLVING AND IMPACT-DRIVEN INNOVATION.Expenses $17,180 · revenue $22,500
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
- 84-4671011
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S21)
- Assets (IRS master file)
- $25,531
- Income (IRS master file)
- $247,260
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $247,260 | $266,472 | $25,531 | XML |
| 990 | December 2023 | $314,007 | $313,204 | $39,527 | XML |
| 990 | December 2022 | $1,153,682 | $923,432 | $57,470 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 84-4671011).
Questions about NEW IMPACT
- What is the EIN of NEW IMPACT?
- The employer identification number (EIN) of NEW IMPACT is 84-4671011.
- Is NEW IMPACT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NEW IMPACT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW IMPACT 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 NEW IMPACT 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 NEW IMPACT 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 NEW IMPACT?
- The 990 for the year ended December 31, 2024 names JENS MOLBAK.
- Who are the officers and directors of NEW IMPACT?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $140,400 (ELISABETH R ROBERTS, SENIOR PRODUCT MANAGER).
- How much revenue does NEW IMPACT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $247,260, expenses of $266,472 and total assets of $25,531 at year end.
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All nonprofits in SEATTLE · Washington · Community improvement and capacity building