Nonprofit · EIN 47-5334467
CATALYTIC IMPACT FOUNDATION INC
Tax-exempt · WESTPORT, CT 06881
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,102,424 | $998,726 | $103,698 | $1,067,738 | $316,653 | $751,085 |
| December 31, 2023 | 990 | $1,297,166 | $791,484 | $505,682 | $1,001,269 | $353,882 | $647,387 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,059,884
- Program service revenue
- $0
- Investment income
- $42,540
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $625,000
- Compensation of officers, directors and key employees
- $183,100
- Other salaries and wages
- $75,500
- Salaries, compensation and benefits (total)
- $279,678
- Professional fundraising fees
- $0
- Accounting fees
- $17,422
- Travel
- $28,584
- Program services (functional)
- $924,678
- Management and general (functional)
- $72,503
- Fundraising (functional)
- $1,545
Balance sheet and other
- Total assets, start of year
- $1,001,269
- Total assets, end of year
- $1,067,738
- Total liabilities, end of year
- $316,653
- Net assets, end of year
- $751,085
- Net assets without donor restrictions
- $751,085
- Gross receipts
- $1,102,424
- Employees
- 3
- Volunteers
- 10
- Year formed
- 2015
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rachel Butler | President Trustee or director, Officer | 40 | $93,100 |
| Richard Lipkin | Treasurer Trustee or director, Officer | 40 | $90,000 |
| Robert Wolk | Board Chair Trustee or director, Officer | 15 | $0 |
| Susana Frazao Pinhiero | Secretary Trustee or director, Officer | 1 | $0 |
| Gwill York | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rachel Butler | President Trustee or director, Officer | 35 | $90,000 |
| Richard Lipkin | Treasurer Trustee or director, Officer | 35 | $90,000 |
| Rob Wolk | Board Chair Trustee or director, Officer | 5 | $0 |
| Susana Frazao Pinhiero | Secretary Trustee or director, Officer | 2 | $0 |
| Gwill York | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 307, WESTPORT, CT 06881-0307
- In care of
- % DOUGLAS F ALLEN JR
- Mailing address (990-N for 2016)
- 6098 West Lake Road, Cooperstown NY 13326
- Principal officer (990 for 2024)
- Rachel Butler, 148 Downer Ave, Hingham, MA 02043
- Principal officer (990-N for 2016)
- Michael Moffat, 29 Pioneer Street, Cooperstown NY 13326
- Signed the 990
- Rachel Butler, President
- Phone
- (781) 264-3588
- Website
- www.cifimpact.org
- Return prepared by
- Foundation Group Inc
Mission
To use philanthropic funds to support and accelerate innovation in life sciences and healthcare.
Program accomplishments
- The mission of the Catalytic Impact Foundation is to accelerate innovation in life sciences and healthcare, to address areas of high unmet medical need.Expenses $924,678 · grants $625,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5334467
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,067,738
- Income (IRS master file)
- $1,102,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,102,424 | $998,726 | $1,067,738 | IRS |
| 990 | December 2023 | $1,297,166 | $791,484 | $1,001,269 | XML |
| 990 | December 2022 | $474,195 | $743,450 | $495,338 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2016 Officer: Michael Moffat | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5334467).
Questions about CATALYTIC IMPACT FOUNDATION INC
- What is the EIN of CATALYTIC IMPACT FOUNDATION INC?
- The employer identification number (EIN) of CATALYTIC IMPACT FOUNDATION INC is 47-5334467.
- Is CATALYTIC IMPACT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to CATALYTIC IMPACT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATALYTIC IMPACT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CATALYTIC IMPACT FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CATALYTIC IMPACT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CATALYTIC IMPACT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Rachel Butler.
- Who are the officers and directors of CATALYTIC IMPACT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $93,100 (Rachel Butler, President).
- How much revenue does CATALYTIC IMPACT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,102,424, expenses of $998,726 and total assets of $1,067,738 at year end.
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