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The Community Impact Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824577516 ✦ Greenwood village, CO ✦ Designated as a 501(c)(3)

Overview

What is The Community Impact Fund?

The Community Impact Fund is a nonprofit organization situated in Greenwood Village, Colorado. Their primary mission is to offer financial aid to community members in need, encompassing community impact loans and direct grants. They aim to empower organizations within the community by providing them with essential education and technology, enabling the creation of financially sustainable and scalable initiatives that positively impact the local population. With a team of eight dedicated employees, they strive to alleviate the various challenges faced by community members and foster a more prosperous community overall.


Official website here: www.communityimpactfund.org

Is The Community Impact Fund legitimate?

The Community Impact Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Impact Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $163,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,234

For more financial information, click here


Official website here: www.communityimpactfund.org

What is the mission statement of The Community Impact Fund?

The Community Impact Fund's mission is centered around assisting organizations in meeting the financial needs of their communities. They achieve this by offering educational resources and technological tools to facilitate the creation of sustainable and scalable community impact. This mission is carried out through the provision of community assistance in the form of loans and grants to support community members in need, including community impact loans and direct grants for various necessities.


Official website here: www.communityimpactfund.org

Who is the CEO of The Community Impact Fund?

Michael Scheid is the President of The Community Impact Fund.


Official website here: www.communityimpactfund.org

What is the revenue of The Community Impact Fund?

The Community Impact Fund's revenue in 2022 was $1,485,930.


Official website here: www.communityimpactfund.org

Who are the executives of The Community Impact Fund and what are their salaries?

The average compensation at The Community Impact Fund during 2022 was $37,582. There are 8 employees at The Community Impact Fund.

Here are 7 key members and their salaries:

    Michael Scheid (Executive Director)
  • Compensation: $79,478
  • Related: $0
  • Other: $5,529

    • Judah Musick (Executive Director (Stepped Down 8/15/22))
  • Compensation: $75,400
  • Related: $0
  • Other: $3,016

    • Matt King (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brandon Melton (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Will Goodale (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tad Jones (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Bojar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.communityimpactfund.org

    Where can I find the form 990 for The Community Impact Fund?

    The The Community Impact Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.communityimpactfund.org

    Learn more at the official website: www.communityimpactfund.org

    Mission Statement of The Community Impact Fund

    The Community Impact Fund is committed to aiding organizations in addressing the financial needs of their communities. This is achieved by offering educational resources and cutting-edge technology, empowering these organizations to establish sustainable and expandable initiatives that positively impact their communities. The primary mission of The Community Impact Fund is to provide loans and grants to individuals within these communities who are in need. This support extends to community impact loans and direct grants, ensuring that community members can meet their various requirements effectively. By facilitating this financial assistance, The Community Impact Fund plays a crucial role in uplifting communities and fostering sustainable growth.

    Impact

    This information is meant to be a general summary of The Community Impact Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Community Impact Fund empowers organizations to address the financial needs of people in their communities by providing education and technology for sustainable and scalable impact. Through community assistance like loans and grants, they support individuals in handling various needs, creating a positive ripple effect in GREENWOOD VILLAGE, CO and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9
  • Program Service Revenue: $135,728
  • Gross Receipts: $1,485,930

    • Assets and Liabilities:
  • Total Assets: $1,674,704
  • Total Liabilities: $2,624
  • Net Assets: $1,672,080
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Fee income

    Revenue

    $135,728

    Organization Details

    Founding Year

    2018

    Principal Officer

    Michael Scheid

    Main Address

    9250 E Costilla Ave 110, Greenwood Village, CO, 80112

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of The Community Impact Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.