Nonprofit · EIN 84-4954490
IMPACT-U FOUNDATION
Tax-exempt · EAST BOSTON, MA 02128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $103,229 | $56,638 | $46,591 | $176,452 | $11,140 | $165,312 |
| December 31, 2023 | 990 | $286,945 | $235,694 | $51,251 | $118,599 | $785 | $117,814 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $101,894
- Membership dues
- $55,392
- Program service revenue
- $0
- Investment income
- $22
- Other revenue
- $1,313
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $7,001
- Salaries, compensation and benefits (total)
- $8,782
- Professional fundraising fees
- $0
- Legal fees
- $1,663
- Travel
- $7
- Program services (functional)
- $51,085
- Management and general (functional)
- $5,553
Balance sheet and other
- Total assets, start of year
- $118,599
- Total assets, end of year
- $176,452
- Total liabilities, end of year
- $11,140
- Net assets, end of year
- $165,312
- Net assets without donor restrictions
- $165,312
- Gross receipts
- $103,229
- Employees
- 0
- Volunteers
- 54
- Year formed
- 2019
- State of legal domicile
- MA
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 |
|---|---|---|---|
| CLARA CORREA | DIRECTOR Trustee or director, Key employee | 40 | $0 |
| SANTIAGO ALVAREZ | DIRECTOR Trustee or director | 5 | $0 |
| LILIANA ARROYAVE OSORNO | PRESIDENT Officer | 5 | $0 |
| ESTEFANI ROLDAN | SECRETARY Officer | 5 | $0 |
| ALEJANDRA PINZON | TREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ESTEFANI ROLDAN | SECRETARY Officer | 5 | $16,609 |
| CLARA CORREA | DIRECTOR Trustee or director | 0 | $5,841 |
| SANTIAGO ALVAREZ | DIRECTOR Trustee or director | 0 | $0 |
| LILIANA ARROYAVE OSORNO | PRESIDENT Officer | 5 | $0 |
| ALEJANDRA PINZON | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 10 BREMEN ST, EAST BOSTON, MA 02128-2301
- In care of
- % LILIANA ARROYAVE
- Mailing address (990-N for 2020)
- 34 DALE STREET, REVERE MA 02151
- Principal officer (990 for 2024)
- LILIANA ARROYAVE OSORNO, 10 BREMEN STREET, EAST BOSTON, MA 02128
- Principal officer (990-N for 2020)
- LILIANA ARROYAVE, 34 DALE STREET, REVERE MA 02151
- Signed the 990
- LILIANA ARROYAVE, OFFICER
- Phone
- (917) 650-9272
- Return prepared by
- PETER A BURGOS CPA PC
Mission
WE IDENTIFY STUDENTS FACING ECONOMIC HARDSHIP WITH THEIR LIVING EXPENSES AND AT RISK OF DROPPING OUT. STUDENTS RECEIVE FINANCIAL ASSISTANCE AND INTEGRAL SUPPORT, SO THEY CAN BE FINANCIALLY SECURE AND BUILD SKILLS OUTSIDE OF THEIR ACADEMIC CURRICULUM TO SUCCEED IN THE LABOR MARKET
Program accomplishments
- SUPPORTED TWENTY-TWO BRIGHT AND IMPOVERISHED COLLEGE STUDENTS FROM VULNERABLE COMMUNITIES IN COLOMBIA WITH FINANCIAL ASSISTANCE AND EDUCATIONAL RESOURCES THEY NEEDED TO BE COMPETITIVE IN THE LABOR MARKET.Expenses $51,085
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
- 84-4954490
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $176,452
- Income (IRS master file)
- $103,229
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $103,229 | $56,638 | $176,452 | IRS |
| 990 | December 2023 | $286,945 | $235,694 | $118,599 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: LILIANA ARROYAVE | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-4954490).
Questions about IMPACT-U FOUNDATION
- What is the EIN of IMPACT-U FOUNDATION?
- The employer identification number (EIN) of IMPACT-U FOUNDATION is 84-4954490.
- Is IMPACT-U FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to IMPACT-U FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT-U FOUNDATION 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-U FOUNDATION 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-U FOUNDATION 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-U FOUNDATION?
- The 990 for the year ended December 31, 2024 names LILIANA ARROYAVE OSORNO.
- Who are the officers and directors of IMPACT-U FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does IMPACT-U FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $103,229, expenses of $56,638 and total assets of $176,452 at year end.
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