Nonprofit · EIN 86-1218871
FREEWILL IMPACT FUND
Tax-exempt · PALO ALTO, CA 94303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,892,814 | $11,894,310 | -$1,496 | $1,024,177 | $1,022,783 | $1,394 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,891,225
- Program service revenue
- $0
- Investment income
- $1,589
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,852,523
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $11,893,782
- Management and general (functional)
- $528
Balance sheet and other
- Total assets, start of year
- $1,588,016
- Total assets, end of year
- $1,024,177
- Total liabilities, end of year
- $1,022,783
- Net assets, end of year
- $1,394
- Net assets without donor restrictions
- $1,394
- Gross receipts
- $23,784,039
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2021
- State of legal domicile
- CA
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 |
|---|---|---|---|
| JENNIFER XIA SPRADLING | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KATHRYN ZEALAND | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN GOEDERT | TREASURER Trustee or director, Officer | 1 | $0 |
| ANDREW NICK | CHIEF LEGAL OFFICER (THRU 12/17/24) Officer | 2 | $0 |
| CHARLES A BOREK | CHIEF LEGAL OFFICER Officer | 2 | $0 |
| ALLISON LEE | VP, LEGAL/COMPLIANCE (THRU 04/12/24) Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2100 GENG RD STE 210, PALO ALTO, CA 94303-3307
- Principal officer (990 for 2024)
- JENNIFER XIA SPRADLING, 2100 GENG ROAD 210, PALO ALTO, CA 943033307
- Signed the 990
- JENNIFER XIA SPRADLING, PRESIDENT
- Phone
- (510) 771-7776
- Return prepared by
- HOOD & STRONG LLP
Mission
FREEWILL IMPACT FUND'S MISSION IS TO MAKE CHARITABLE GIVING ESPECIALLY EASY, SO DONORS CAN SUPPORT THEIR FAVORITE NONPROFIT ORGANIZATIONS WITHOUT TRADITIONAL PAIN POINTS IN NON-CASH GIVING, AND MAKE A TRULY REMARKABLE IMPACT ON THE WORLD.
Program accomplishments
- FREEWILL IMPACT FUND OPERATES A DONOR ADVISED FUND. IT MAKES GRANTS OUT OF ITS ASSETS TO OTHER QUALIFYING NONPROFIT ORGANIZATIONS CONSIDERING RECOMMENDATIONS FROM THE ORIGINAL DONORS REGARDING WORTHY ORGANIZATIONS. FREEWILL IMPACT FUND'S MISSION IS TO MAKE CHARITABLE GIVING ESPECIALLY EASY, SO DONORS CAN SUPPORT THEIR FAVORITE NONPROFIT ORGANIZATIONS WITHOUT TRADITIONAL PAIN POINTS IN NON-CASH GIVING AND MAKE A TRULY REMARKABLE IMPACT ON THE WORLD.Expenses $11,893,782 · grants $11,852,523
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
- 86-1218871
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T02)
- Assets (IRS master file)
- $1,024,177
- Income (IRS master file)
- $23,784,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,675,629 | $5,676,278 | $1,588,016 | IRS |
| 990 | December 2022 | $2,503,817 | $2,463,005 | $453,861 | IRS |
| 990 | December 2021 | $1,188,952 | $1,189,052 | $255,124 | 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 FREEWILL IMPACT FUND
- What is the EIN of FREEWILL IMPACT FUND?
- The employer identification number (EIN) of FREEWILL IMPACT FUND is 86-1218871.
- Is FREEWILL IMPACT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FREEWILL IMPACT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREEWILL IMPACT FUND 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 FREEWILL IMPACT FUND 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 FREEWILL IMPACT FUND 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 FREEWILL IMPACT FUND?
- The 990 for the year ended December 31, 2024 names JENNIFER XIA SPRADLING.
- Who are the officers and directors of FREEWILL IMPACT FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does FREEWILL IMPACT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,892,814, expenses of $11,894,310 and total assets of $1,024,177 at year end.
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All nonprofits in PALO ALTO · California · Philanthropy, voluntarism and grantmaking foundations