Nonprofit · EIN 85-3665317
IMPACT ARTS INC
Tax-exempt · AUSTIN, TX 78757
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $388,507 | $331,398 | $57,109 | $74,690 | $2,895 | $71,795 |
| December 31, 2023 | 990 | $350,870 | $357,011 | -$6,141 | $17,999 | $3,313 | $14,686 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $135,946
- Program service revenue
- $199,341
- Investment income
- $0
- Other revenue
- $53,220
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $4,246
- Program services (functional)
- $323,169
- Management and general (functional)
- $8,229
Balance sheet and other
- Total assets, start of year
- $17,999
- Total assets, end of year
- $74,690
- Total liabilities, end of year
- $2,895
- Net assets, end of year
- $71,795
- Net assets without donor restrictions
- $71,795
- Gross receipts
- $388,507
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- TX
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 |
|---|---|---|---|
| DONELVAN THIGPEN | CHIEF OPERATING OFFICER Trustee or director, Officer | 30 | $15,250 |
| VICTOR VILLALOBOS | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 5 | $0 |
| GINGER MORRIS | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 50 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONELVAN THIGPEN | CHIEF OPERATING OFFICER Trustee or director, Officer | 30 | $17,500 |
| GINGER MORRIS | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 50 | $0 |
| VICTOR VILLALOBOS | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 6700 LEXINGTON RD, AUSTIN, TX 78757-4369
- In care of
- % GINGER MORRIS
- Signed the 990
- GINGER MORRIS, CHIEF EXECUTIVE OFFICER
- Website
- https://impactarts.org
- Return prepared by
- The Financial Interior LLP
Mission
Impact Artss mission is to transform our community through accessible arts education and outstanding artistic experiences.
Program accomplishments
- During 2024, Summer Stock Austin continued to produce multiple live performances, reaching an audience of over 5,000 attendees. We continued training young artists, fostering artistic growth, technical skills, and lifelong relationships. We continued strengthening the local arts ecosystem by further cultivating a talent pipeline that is prepared for collegiate and professional opportunities. We continue to address the loss of arts culture by providing accessible, professional-quality theatre.Expenses $306,622 · revenue $151,721
- Our education programs continued to develop and garner traction with our target audiences. Our programs continued to offer financial assistance in the form of tuition waivers to level the playing field for arts education across demographics. The ultimate goal of the program remains the same - to bring musical theatre curriculum to schools and young artists across the country.Expenses $16,547 · revenue $47,620
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
- 85-3665317
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $74,690
- Income (IRS master file)
- $388,507
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $388,507 | $331,398 | $74,690 | IRS |
| 990 | December 2023 | $350,870 | $357,011 | $17,999 | XML |
| 990 | December 2022 | $256,804 | $279,171 | $22,302 | IRS |
| 990 | December 2021 | – | – | – | 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 85-3665317).
Questions about IMPACT ARTS INC
- What is the EIN of IMPACT ARTS INC?
- The employer identification number (EIN) of IMPACT ARTS INC is 85-3665317.
- Is IMPACT ARTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to IMPACT ARTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT ARTS INC 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 ARTS INC 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 ARTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of IMPACT ARTS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $15,250 (DONELVAN THIGPEN, CHIEF OPERATING OFFICER).
- How much revenue does IMPACT ARTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $388,507, expenses of $331,398 and total assets of $74,690 at year end.
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