Public Charity

THE NEW IMPACT FUND

THE NEW IMPACT FUND, of MINNEAPOLIS, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $784K in revenue, $1.0M in expenses, $1.1M in total assets. 19 publicly reported grants to this organization, totaling roughly $1.2M, appear in IRS filings.

EIN: 465187324 MINNEAPOLIS, MN Latest filing: 2024
Total Revenue$784K
Total Expenses$1.0M
Total Assets$1.1M
Grant Records19
Funding Total$1.2M
Filing Years2020–2024

Mission

TO CONNECT BIPOC ENTREPRENEURS IN TWIN CITIES NEIGHBORHOODS WITH THE FINANCIAL AND SOCIAL CAPITAL THEY NEED TO GROW AND SUSTAIN THEIR BUSINESSES BY ACTIVATING UNTAPPED INDIVIDUAL WEALTH, ULTIMATELY WORKING TO ELIMINATE THE RACIAL WEALTH GAP IN OUR LOCAL ECOSYSTEM.

Sample Grants Received

2024
DONOR ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
$112,500
2024
GENERAL OPERATING SUPPORT
$10,000
2023
PUBLIC, SOCIETAL BENEFIT
$140,500
2023
DONOR-ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
$127,500
2023
For grant recipient's exempt purposes
$65,000

Showing up to 5 of 19 total records — full history available with membership.

Officers & Directors

SECRETARY Alex Dashe
EXECUTIVE DI Alicia R Phillips
TREASURER Susan F Shank Cfa
CHAIR Tj Ticey

Officer compensation and complete director data available with membership.

Top Grant Purposes

PUBLIC, SOCIETAL BENEFIT
$396,000 4 grants
DONOR-RECOMMENDED, PHILANTHROPY
$175,000 2 grants
For grant recipient's exempt purposes
$129,500 3 grants
DONOR-ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
$127,500 1 grant
DONOR ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
$112,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $784K $1.0M $1.1M
2023 $950K $374K $1.3M
2022 $696K $833K $505K
2021 $764K $301K $642K
2020 $104K $5K $176K

Between 2020 and 2024, reported annual revenue grew from $104K to $784K (+655%), with total assets most recently reported at $1.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE NEW IMPACT FUND

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