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Impact Finance

  • Rochester, MN
  • EIN: 27-4641831

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Summary charts: organization finances over time

Revenue
$280k (2020)

Expenses
$31.8k (2020)

Total Assets
$0 (2020)

Total Liabilities
$0 (2020)

Years with missing data
Source: Form 990 tax filings from 2014 to 2020

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$279,628
Expenses
$31,831
Net Income
$247,797
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
17.9%
Program Services $6,270
2.2%
Investment Income $223,358
79.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,974
21.9%
Professional Fundraising Fees $0
Other Salaries and Wages $10,737
33.7%
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Woodford (Executive Director) $6,824 $129,650 $2,996
Mary Jo Majerus (Chair) $0 $0 $0
Jose Rivas (Secretary) $0 $0 $0
Susan Strandberg (Treasurer) $0 $0 $0
Athieei Lam (Member) $0 $0 $0
Jeff Urban (Member) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,958
Expenses
$33,940
Net Income
$110,018
Net Assets
$1,019,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
34.7%
Program Services $6,600
4.6%
Investment Income $87,358
60.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,668
19.6%
Professional Fundraising Fees $0
Other Salaries and Wages $10,377
30.6%
Assets/Debt
Total Assets $2,267,850
Total Liabilities $1,248,721
Net Assets $1,019,129
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Woodford (Executive Director) $6,517 $123,831 $2,996
Mary Jo Majerus (Chair) $0 $0 $0
Jose Rivas (Secretary) $0 $0 $0
Susan Strandberg (Treasurer) $0 $0 $0
Jill Brion (Member) $0 $0 $0
Athieei Lam (Member) $0 $0 $0
Jeff Urban (Member) $0 $0 $0
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Document Links

990
Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$124,916
Expenses
$46,700
Net Income
$78,216
Net Assets
$912,111
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,500
44.4%
Program Services $2,446
2.0%
Investment Income $66,970
53.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,932
14.8%
Professional Fundraising Fees $0
Other Salaries and Wages $18,294
39.2%
Assets/Debt
Total Assets $2,189,342
Total Liabilities $1,277,231
Net Assets $912,111
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Woodford (Executive Director) $6,575 $124,929 $7,141
Joseph Powers (Chair) $0 $0 $0
Jose Rivas (Secretary) $0 $0 $0
Mary Jo Majerus (Vice Chair) $0 $0 $0
Susan Strandberg (Treasurer) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,704
Expenses
$86,720
Net Income
$240,984
Net Assets
$840,895
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
15.3%
Program Services $0
Investment Income $274,104
83.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,600
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $8,688
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $36,646
42.3%
Assets/Debt
Total Assets $2,197,575
Total Liabilities $1,356,680
Net Assets $840,895
Compensation
Key Employees and Officers Compensation Related Other
Joseph Powers (Chair) $0 $0 $0
Jose Rivas (Secretary) $0 $0 $0
Mary Jo Majerus (Vice Chair) $0 $0 $0
Susan Strandberg (Treasurer) $0 $0 $0
Jennifer Woodford Related Org Comp (Executive Director) $0 $64,414 $1,920
Karel Weigel Related Org Comp (Interim Executive Director) $0 $57,769 $0
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Document Links

990
Filed on Aug. 16, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,310
Expenses
$86,646
Net Income
$79,664
Net Assets
$293,449
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,260
45.3%
Program Services $0
Investment Income $89,780
54.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,270
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $17,702
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $46,329
53.5%
Assets/Debt
Total Assets $2,314,989
Total Liabilities $2,021,540
Net Assets $293,449
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joann Stormer Related Org Comp (Executive Director) $144,573 $0 $27,621
Joseph Powers (Chair) $0 $0 $0
Jose Rivas (Secretary) $0 $0 $0
Mary Jo Majerus (Vice Chair) $0 $0 $0
Susan Strandberg (Treasurer) $0 $0 $0
Greg Layton (Trustee) $0 $0 $0
Gary Smith (Trustee) $0 $0 $0
Jim Mack (Trustee) $0 $0 $0
Tom Wente (Trustee) $0 $0 $0
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Document Links

990
Filed on June 28, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,921
Expenses
$144,352
Net Income
$65,569
Net Assets
$213,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,220
59.7%
Program Services $0
Investment Income $84,652
40.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $49
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $22,525
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $56,142
38.9%
Assets/Debt
Total Assets $2,312,476
Total Liabilities $2,098,691
Net Assets $213,785
Compensation
Key Employees and Officers Compensation Related Other
Joann Stormer Related Org Comp (Executive Director) $141,338 $0 $26,138
Joseph Powers (Chair) $0 $0 $0
Jose Rivas (Secretary) $0 $0 $0
Mary Jo Majerus (Vice Chair) $0 $0 $0
Susan Strandberg (Treasurer) $0 $0 $0
Greg Layton (Trustee) $0 $0 $0
Gary Smith (Trustee) $0 $0 $0
Jim Mack (Trustee) $0 $0 $0
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Document Links

990
Filed on Aug. 17, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated