TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202110279349200901 - Submission: 2021-01-27 TIN: 30-0690032

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

IMPACT UNIVERSITY INC

Employer identification number

30-0690032

Return Reference	Explanation
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE	DESCRIPTION: INTEREST INCOME. AMOUNT: 14. DESCRIPTION: MISCELLANEOUS. AMOUNT: 4,588. TOTAL TO FORM 990-EZ, LINE 8: 4,602. TOTAL TO FORM 990-EZ, LINE 14: 8,818.
FORM 990-EZ, PART I, LINE 14	DESCRIPTION: DEPRECIATION. AMOUNT: 1,418. DESCRIPTION: OTHER EXPENSES. AMOUNT: 7,400.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES	DESCRIPTION: ACCOUNTING/BOOKKEEPING. AMOUNT: 2,730. DESCRIPTION: ADVERTISING. AMOUNT: 9,898. DESCRIPTION: AUTO & TRANSPORTATION. AMOUNT: 309. DESCRIPTION: BANK CHARGES. AMOUNT: 13. DESCRIPTION: BENEVOLENCE. AMOUNT: 405. DESCRIPTION: FLOWERS & GIFTS. AMOUNT: 4. DESCRIPTION: CONTRACT/CASUAL LABOR. AMOUNT: 34,355. DESCRIPTION: DONATIONS. AMOUNT: 5,000. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 568. DESCRIPTION: GRADUATION EXPENSES. AMOUNT: 50. DESCRIPTION: HONORARIUMS. AMOUNT: 300. DESCRIPTION: INTERNET/WEBSITE. AMOUNT: 365. DESCRIPTION: MEALS AND ENTERTAINMENT. AMOUNT: 3,690. DESCRIPTION: MERCHANT FEES. AMOUNT: 1,670. DESCRIPTION: MISCELLANEOUS. AMOUNT: 14. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,274. DESCRIPTION: PAYROLL SERVICE FEES. AMOUNT: 351. DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,100. DESCRIPTION: STAFF MEETINGS/MEALS. AMOUNT: 188. DESCRIPTION: STUDENT HOUSING. AMOUNT: 7,877. DESCRIPTION: SUPPLIES/SMALL EQUIPMENT PURCHASES. AMOUNT: 647. DESCRIPTION: TELEPHONE. AMOUNT: 1,391. DESCRIPTION: TEXTBOOKS. AMOUNT: 650. DESCRIPTION: TRAVEL/MEALS/LODGING. AMOUNT: 236. DESCRIPTION: TUITION EXPENSE. AMOUNT: 2,222. DESCRIPTION: DATA PROCESSING FEES. AMOUNT: 12. DESCRIPTION: LEGAL FEES. AMOUNT: 1,100. DESCRIPTION: BOOKS & TAPES. AMOUNT: 28. DESCRIPTION: EQUIPMENT RENTAL. AMOUNT: 922. DESCRIPTION: INTERNATIONAL TRAINEE EXPENSE. AMOUNT: 8,713. DESCRIPTION: SMALL EQUIPMENT PURCHASES. AMOUNT: 181. DESCRIPTION: SOFTWARE. AMOUNT: 60. DESCRIPTION: CREDIT CARD EXPENSE. AMOUNT: 419. DESCRIPTION: INTEREST. AMOUNT: 256. TOTAL TO FORM 990-EZ, LINE 16: 89,998.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS	DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -1,256.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS	DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 260. END OF YEAR AMOUNT: 159. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 4,240. END OF YEAR AMOUNT: 4,240. DESCRIPTION: PREPAID PAYROLL. BEG. OF YEAR AMOUNT: 4,130. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 10,381. END OF YEAR AMOUNT: 11,209.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES	DESCRIPTION: TAXES PAYABLE. BEG. OF YEAR AMOUNT: 1,189. END OF YEAR AMOUNT: 793. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 619. END OF YEAR AMOUNT: 957. DESCRIPTION: NOTES PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 12,500.

Return Reference

Explanation

FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE

DESCRIPTION: INTEREST INCOME. AMOUNT: 14. DESCRIPTION: MISCELLANEOUS. AMOUNT: 4,588. TOTAL TO FORM 990-EZ, LINE 8: 4,602. TOTAL TO FORM 990-EZ, LINE 14: 8,818.

FORM 990-EZ, PART I, LINE 14

DESCRIPTION: DEPRECIATION. AMOUNT: 1,418. DESCRIPTION: OTHER EXPENSES. AMOUNT: 7,400.

FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES

DESCRIPTION: ACCOUNTING/BOOKKEEPING. AMOUNT: 2,730. DESCRIPTION: ADVERTISING. AMOUNT: 9,898. DESCRIPTION: AUTO & TRANSPORTATION. AMOUNT: 309. DESCRIPTION: BANK CHARGES. AMOUNT: 13. DESCRIPTION: BENEVOLENCE. AMOUNT: 405. DESCRIPTION: FLOWERS & GIFTS. AMOUNT: 4. DESCRIPTION: CONTRACT/CASUAL LABOR. AMOUNT: 34,355. DESCRIPTION: DONATIONS. AMOUNT: 5,000. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 568. DESCRIPTION: GRADUATION EXPENSES. AMOUNT: 50. DESCRIPTION: HONORARIUMS. AMOUNT: 300. DESCRIPTION: INTERNET/WEBSITE. AMOUNT: 365. DESCRIPTION: MEALS AND ENTERTAINMENT. AMOUNT: 3,690. DESCRIPTION: MERCHANT FEES. AMOUNT: 1,670. DESCRIPTION: MISCELLANEOUS. AMOUNT: 14. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,274. DESCRIPTION: PAYROLL SERVICE FEES. AMOUNT: 351. DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,100. DESCRIPTION: STAFF MEETINGS/MEALS. AMOUNT: 188. DESCRIPTION: STUDENT HOUSING. AMOUNT: 7,877. DESCRIPTION: SUPPLIES/SMALL EQUIPMENT PURCHASES. AMOUNT: 647. DESCRIPTION: TELEPHONE. AMOUNT: 1,391. DESCRIPTION: TEXTBOOKS. AMOUNT: 650. DESCRIPTION: TRAVEL/MEALS/LODGING. AMOUNT: 236. DESCRIPTION: TUITION EXPENSE. AMOUNT: 2,222. DESCRIPTION: DATA PROCESSING FEES. AMOUNT: 12. DESCRIPTION: LEGAL FEES. AMOUNT: 1,100. DESCRIPTION: BOOKS & TAPES. AMOUNT: 28. DESCRIPTION: EQUIPMENT RENTAL. AMOUNT: 922. DESCRIPTION: INTERNATIONAL TRAINEE EXPENSE. AMOUNT: 8,713. DESCRIPTION: SMALL EQUIPMENT PURCHASES. AMOUNT: 181. DESCRIPTION: SOFTWARE. AMOUNT: 60. DESCRIPTION: CREDIT CARD EXPENSE. AMOUNT: 419. DESCRIPTION: INTEREST. AMOUNT: 256. TOTAL TO FORM 990-EZ, LINE 16: 89,998.

FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS

DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -1,256.

FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS

DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 260. END OF YEAR AMOUNT: 159. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 4,240. END OF YEAR AMOUNT: 4,240. DESCRIPTION: PREPAID PAYROLL. BEG. OF YEAR AMOUNT: 4,130. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 10,381. END OF YEAR AMOUNT: 11,209.

FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES

DESCRIPTION: TAXES PAYABLE. BEG. OF YEAR AMOUNT: 1,189. END OF YEAR AMOUNT: 793. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 619. END OF YEAR AMOUNT: 957. DESCRIPTION: NOTES PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 12,500.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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