Nonprofit · EIN 83-0699171
IMPACT VENTURES ACCELERATOR
Tax-exempt · DALLAS, TX 75204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,236,522 | $1,039,982 | $196,540 | $1,750,741 | $728,453 | $1,022,288 |
| December 31, 2023 | 990 | $1,103,467 | $1,104,472 | -$1,005 | $1,388,100 | $550,725 | $837,375 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,196,511
- of which government grants
- $300,000
- Program service revenue
- $39,683
- Investment income
- $178
- Net rental income
- $150
- Other revenue
- $150
Expenses
- Grants and similar amounts paid
- $82,700
- Compensation of officers, directors and key employees
- $168,333
- Other salaries and wages
- $283,753
- Salaries, compensation and benefits (total)
- $493,714
- Professional fundraising fees
- $0
- Legal fees
- $13,175
- Accounting fees
- $9,576
- Occupancy
- $160,004
- Travel
- $11,732
- Depreciation
- $4,063
- Program services (functional)
- $682,860
- Management and general (functional)
- $156,719
- Fundraising (functional)
- $200,403
Balance sheet and other
- Total assets, start of year
- $1,388,100
- Total assets, end of year
- $1,750,741
- Total liabilities, end of year
- $728,453
- Net assets, end of year
- $1,022,288
- Land, buildings and equipment
- $21,118
- Net assets without donor restrictions
- $1,022,288
- Gross receipts
- $1,236,522
- Employees
- 6
- Volunteers
- 37
- Year formed
- 2018
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Benjamin Vann | Founder & CEO Officer | 40 | $168,333 |
| Ashford Chancellor | Treasurer Trustee or director, Officer | 1 | $0 |
| Roy Lopez | President Trustee or director, Officer | 1 | $0 |
| Drexel Owusu | Secretary Trustee or director, Officer | 1 | $0 |
| Oliver L Simms III | Director Trustee or director | 1 | $0 |
| Annika Cail | Director Trustee or director | 1 | $0 |
| Greer Christian | Director Trustee or director | 1 | $0 |
| Ted Hill | Vice President Trustee or director, Officer | 1 | $0 |
| John Jaggers | Director Trustee or director | 1 | $0 |
| Ben Magill | Director Trustee or director | 1 | $0 |
| Krystian Reyes | Director Trustee or director | 1 | $0 |
| Kelly Spillane | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Benjamin Vann | Founder & CEO Officer | 40 | $152,292 |
| Ashford Chancellor | Treasurer Trustee or director, Officer | 3 | $0 |
| Roy Lopez | President Trustee or director, Officer | 3 | $0 |
| Drexel Owusu | Director Trustee or director | 3 | $0 |
| Oliver L Simms III | Director Trustee or director | 3 | $0 |
| Annika Cail | Director Trustee or director | 3 | $0 |
| Greer Christian | Director Trustee or director | 3 | $0 |
| Ted Hill | Vice Pres/Sec Trustee or director, Officer | 3 | $0 |
| John Jaggers | Director Trustee or director | 3 | $0 |
| Ben Magill | Director Trustee or director | 3 | $0 |
| Krystian Reyes | Director Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 4621 ROSS AVENUE SUITE 210, DALLAS, TX 75204-4994
- In care of
- % BENJAMIN VANN
- Principal officer (990 for 2024)
- Benjamin Vann, 4621 Ross Ave 120, Dallas, TX 75204
- Signed the 990
- Benjamin Vann, Founder & CEO
- Phone
- (469) 708-8815
- Website
- https://impact-ventures.co
- 990-N for 2019 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Benjamin Vann, 1808 S Good Latimer Expy, Dallas TX 75226. Mailing address: 1808 S Good Latimer Expy, Dallas TX 75226.
- Return prepared by
- CMRosen LLC
Mission
To empower talented, yet under-estimated Women and Communities of Color to build generational wealth through inclusive entrepreneurship, community wealth building, and integrated capital.
Program accomplishments
- During 2024, Impact Ventures continued to advance its charitable mission of reducing barriers to entrepreneurship for underrepresented founders through training, mentorship, and access to capital. The Organization delivered networking events, business education, and capacity-building programs to more than 300 entrepreneurs across North Texas, provided technical assistance and capital readiness services through its accelerator programs, and distributed over $82K in grants and $145K impact investment funding to women- and minority-owned businesses. In 2024, ImpactVentures also launched IV Capital, a Community Development Financial Institution (CDFI) initiative to expand inclusive lending and economic development opportunities for historically excluded communities.Expenses $682,860 · grants $82,700 · revenue $114,476
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
- 83-0699171
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,750,741
- Income (IRS master file)
- $1,236,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,236,522 | $1,039,982 | $1,750,741 | IRS |
| 990 | December 2023 | $1,103,467 | $1,104,472 | $1,388,100 | XML |
| 990 | December 2022 | $995,724 | $674,459 | $1,294,794 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Benjamin Vann Filed under this EIN, most likely by a chapter or affiliate | December 31, 2019 | ≤ $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 83-0699171).
Questions about IMPACT VENTURES ACCELERATOR
- What is the EIN of IMPACT VENTURES ACCELERATOR?
- The employer identification number (EIN) of IMPACT VENTURES ACCELERATOR is 83-0699171.
- Is IMPACT VENTURES ACCELERATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to IMPACT VENTURES ACCELERATOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT VENTURES ACCELERATOR 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 IMPACT VENTURES ACCELERATOR 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 IMPACT VENTURES ACCELERATOR 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 IMPACT VENTURES ACCELERATOR?
- The 990 for the year ended December 31, 2024 names Benjamin Vann.
- Who are the officers and directors of IMPACT VENTURES ACCELERATOR?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $168,333 (Benjamin Vann, Founder & CEO).
- How much revenue does IMPACT VENTURES ACCELERATOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,236,522, expenses of $1,039,982 and total assets of $1,750,741 at year end.
Other nonprofits in DALLAS
- SOUTHERN METHODIST UNIVERSITY EIN 75-0800689 · last filed 990 for 2025
- UPLIFT EDUCATION EIN 75-2659683 · last filed 990 for 2025
- SOUTHWESTERN MEDICAL FOUNDATION EIN 75-0945939 · last filed 990 for 2024
- DALLAS BAPTIST UNIVERSITY EIN 75-6001300 · last filed 990 for 2025
- PARKER UNIVERSITY EIN 75-1596658 · last filed 990 for 2025
- DALLAS THEOLOGICAL SEMINARY EIN 75-0827421 · last filed 990 for 2025
- DALLAS COLLEGE FOUNDATION INC EIN 23-7326612 · last filed 990 for 2025
- HOCKADAY SCHOOL EIN 75-0800650 · last filed 990 for 2025