Impact Cares Foundation
Impact Cares Foundation
EIN: 82-2728694
as of September 2024
as of September 09, 2024
Mission
We work to advance the gospel in Haiti through the church, education, medical care, and socio-economic development.
Ruling year
2017
Executive Director, USA
Jeremy Griswold
Main address
3215 Steck Ave Ste 101
Austin, TX 78757 USA
EIN
82-2728694
International relations
Early childhood education
Parent-teacher involvement
Educational management
Elementary education
Population served
People of Caribbean descent
Protestants
Teachers
Emergency responders
Extremely poor people
NTEE code
Fund Raising and/or Fund Distribution (Q12)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
School Sponsorship
Access to education in Haiti is a significant concern. Many children lack access to schools due to long distances, lack of transportation, and financial constraints. That is where BHM steps in to help.
We serve Haiti across six out of ten provinces. Over 200 schools are currently open, representing 30,000 students every month who attend a BHM school.
At BHM schools, children are not only educated but fed, discipled, supported, and given hope, being able to see a vision for their future. Sponsoring a school benefits more than just children. When you pay a teacher an adequate wage, they can invest well in their students, support their own families, and give to the needs of their community.
Where we work
Videos
Financials
Revenue vs. expenses: breakdown
Liquidity in 2022 info
0.00
Months of cash in 2022 info
7.8
Fringe rate in 2022 info
0%
Funding sources info
Assets & liabilities info
Financial data
Impact Cares Foundation
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Impact Cares Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2021 | 2022 |
|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $600,957 | $16,973 |
| As % of expenses | 109.8% | 2.1% |
| Unrestricted surplus (deficit) after depreciation | $491,007 | $16,973 |
| As % of expenses | 74.7% | 2.1% |
| Revenue composition info | ||
|---|---|---|
| Total revenue (unrestricted & restricted) | $1,148,206 | $833,602 |
| Total revenue, % change over prior year | 0.0% | -27.4% |
| Program services revenue | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% |
| Investment income | 0.0% | 0.4% |
| Government grants | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 99.6% |
| Other revenue | 0.0% | 0.0% |
| Expense composition info | ||
|---|---|---|
| Total expenses before depreciation | $547,249 | $816,629 |
| Total expenses, % change over prior year | 0.0% | 49.2% |
| Personnel | 0.0% | 0.0% |
| Professional fees | 6.1% | 3.7% |
| Occupancy | 0.0% | 0.1% |
| Interest | 0.0% | 0.0% |
| Pass-through | 85.9% | 88.0% |
| All other expenses | 8.0% | 8.2% |
| Full cost components (estimated) info | 2021 | 2022 |
|---|---|---|
| Total expenses (after depreciation) | $657,199 | $816,629 |
| One month of savings | $45,604 | $68,052 |
| Debt principal payment | $0 | $0 |
| Fixed asset additions | $0 | $0 |
| Total full costs (estimated) | $702,803 | $884,681 |
Capital structure indicators
| Liquidity info | 2021 | 2022 |
|---|---|---|
| Months of cash | 11.3 | 7.8 |
| Months of cash and investments | 11.3 | 7.8 |
| Months of estimated liquid unrestricted net assets | 11.3 | 7.8 |
| Balance sheet composition info | 2021 | 2022 |
|---|---|---|
| Cash | $514,823 | $531,796 |
| Investments | $0 | $0 |
| Receivables | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $109,950 | $109,950 |
| Accumulated depreciation (as a % of LBE) | 100.0% | 100.0% |
| Liabilities (as a % of assets) | 0.0% | 0.0% |
| Unrestricted net assets | $514,823 | $531,796 |
| Temporarily restricted net assets | N/A | N/A |
| Permanently restricted net assets | N/A | N/A |
| Total restricted net assets | $0 | $0 |
| Total net assets | $514,823 | $531,796 |
Key data checks
| Key data checks info | 2021 | 2022 |
|---|---|---|
| Material data errors | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director, USA
Jeremy Griswold
Jeremy Griswold is a Certified Nonprofit Executive with over 12 years of experience in the non-profit and faith-based sectors. Specializing in operational efficiency, strategic planning, and team development, Jeremy has held roles such as Executive Director, Executive Pastor, and Event Director, where he has consistently driven organizational growth and mission success.
Passionate about helping non-profits thrive, he leverages his deep understanding of operations to support organizations in achieving their goals, all while fostering a collaborative and values-driven work environment.
Number of employees
Source: IRS Form 990
Impact Cares Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
This organization has no recorded board members.
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