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. IRS filings disclose 6 grants awarded by this foundation, totaling roughly $812K.

EIN: 465187324 MINNEAPOLIS, MN Philanthropy, Charity & Voluntarism Promotion NTEE: T50 Latest filing: 2024
Total Revenue$784K
Total Expenses$1.0M
Total Assets$1.1M
Grants Given6
Grant Total$812K
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 Given

NEXT LEVEL LOGISTICS
BECKER, MN · 2022
$231,750
TAYLOR'D SKIN
MINNEAPOLIS, MN · 2022
$148,000
TRI- CONSTRUCTION
MINNEAPOLIS, MN · 2022
$122,500
LIP ESTEEM
ST PAUL, MN · 2022
$105,000
TRI- CONSTRUCTION
MINNEAPOLIS, MN · 2021
$105,000

Showing up to 5 of 6 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

Unspecified
$812,250 6 grants

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.

Grant Geography

Grants from this foundation were reported to recipients in MN.

MN

Full geographic grant map with state-by-state breakdown available with membership.

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