IMPACTO MINISTRY INC

EIN: 822252461 501(c)(3) Religion

LA PLATA, MD

Total Revenue
$1,486,139
Total Expenses
$1,239,378
Total Assets
$1,070,889
Net Assets
$1,068,691
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MD
Principal Officer
TRACY CORRINNE
Phone
3013993419
Tax Period
2024-01-01 to 2024-12-31

IMPACTO MINISTRY INC, founded in 2017, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $247K, a strong 17% operating margin.

Mission

SERVE COMMUNITY MEMBERS OF ALL AGES HOLISTICALLY BY PROVIDING FOR PHYSICAL, EMOTIONAL, SPIRITUAL, AND EDUCATIONAL NEEDS THROUGH OPERATIONS OF HAPPY TUMMIES, ABUELITOS, YOUTH MINISTRIES, WOMEN'S MINISTRIES, AND OTHER OUTREACH EFFORTS. PROVIDE LEADERSHIP DEVELOPMENT THROUGH SPIRITUAL TRAINING, CONFERENCES, AND RESOURCES TO PASTORS, CHURCH, AND YOUTH LEADERS. PROVIDE TRANSCULTURAL MINISTRY OPPORTUNITIES BY HOSTING SHORT-TERM MISSION TEAMS AND INTERNSHIPS.

Program Service Accomplishments

Program 1
Expenses: $3,000

IMPACTO MINISTRY, INC. RAISED FUNDS TO PROVIDE ASOCIACION DE IMPACTO FINANCIAL SUPPORT TO CARRY OUT MINISTRY EFFORTS IN GUATEMALA. BELOW ARE THREE OF THE LARGEST ACCOMPLISHMENTS. MARTINEZ SUPPORT IS...

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IMPACTO MINISTRY, INC. RAISED FUNDS TO PROVIDE ASOCIACION DE IMPACTO FINANCIAL SUPPORT TO CARRY OUT MINISTRY EFFORTS IN GUATEMALA. BELOW ARE THREE OF THE LARGEST ACCOMPLISHMENTS. MARTINEZ SUPPORT IS VERY IMPORTANT,, NO MATTER WHAT THE FIELD. WE KNOW MANY PASTORS, LEADERS, AND LAY PEOPLE WHO ARE OBEYING GODS CALL YET, THEYVE HAD NO PREVIOUS TRAINING. SUBSEQUENTLY, GOD LAID IN OUR HEARTS TO BEGIN OFFERING TRAINING OPPORTUNITIES. WEVE BEEN ABLE TO OFFER DIFFERENT TRAINING FOR PASTORS, SUCH AS, HOMILETICS, HOW TO GIVE PRE-MARITAL COUNSELING, SPIRITUAL GIFTS, AND SO MUCH MORE TRAINING FOR LEADING VBS, SUNDAY SCHOOL (FOR KIDS, TEENS, AND ADULTS), BOOKKEEPING, AND MANY OTHER TRAININGS ARE AVAILABLE NOT ONLY TO PASTORS BUT TO CHURCH LEADERS.

Program 2
Expenses: $186,752

THE MAIN CONSTRUCTION FOCUS IS BUILDING NEW FACILITIES FOR ABUELITOS AND TRAINING MINISTRIES. CURRENTLY, THE ABUELITOS AND THE CHILDREN SHARE A BUILDING. OUR DREAM IS TO MOVE THE ABUELITOS TO THEIR...

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THE MAIN CONSTRUCTION FOCUS IS BUILDING NEW FACILITIES FOR ABUELITOS AND TRAINING MINISTRIES. CURRENTLY, THE ABUELITOS AND THE CHILDREN SHARE A BUILDING. OUR DREAM IS TO MOVE THE ABUELITOS TO THEIR OWN FACILITY, SO THAT THEY CAN STAY TOGETHER ALL DAY. THEY HAVE BEEN ASKING FOR THIS BUT UNTIL WE HAVE A SEPARATE PLACE FOR THEM, ABUELITOS WILL HAVE TO CONTINUE MEETING MORNINGS AND BE OUT BY THE TIME THE CHILDREN ARRIVE. ANOTHER BIG OPPORTUNITY WITH THE NEW SITE IS THAT ONCE THE ABUELITOS HAVE THEIR OWN SITE, WE CAN OPEN A MORNING HAPPY TUMMIES FOR SOME OF THE CHILDREN WHO ATTEND SCHOOLS THAT HAVE ELEMENTARY CLASSES MEETING DURING THE AFTERNOONS. TRAINING WILL BE HELD IN A MULTIPURPOSE BUILDING ON THE SITE THAT WILL BE LARGE ENOUGH TO SEAT GROUPS OF 200+ PEOPLE SO THAT ALL ATTENDEES OF OUR TRAINING PROGRAMS, CONFERENCES, AND CONGRESSES CAN BE IN ONE LOCATION. WE KNOW THIS WILL BE A TREMENDOUS HELP IN HOLDING ALL KINDS OF TRAINING, CLINICS, CONFERENCES, YOUTH CAMPS, ETC.

Program 3
Expenses: $2,292

PASTORAL SUPPORT, IS VERY IMPORTANT. WE KNOW MANY PASTORS, LEADERS, AND LAY PEOPLE WHO ARE OBEYING GODS CALL, EVEN THOUGH THEYVE HAD NO PREVIOUS TRAINING. THEIR FAITH IS ADMIRABLE. WE DONT KNOW MANY...

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PASTORAL SUPPORT, IS VERY IMPORTANT. WE KNOW MANY PASTORS, LEADERS, AND LAY PEOPLE WHO ARE OBEYING GODS CALL, EVEN THOUGH THEYVE HAD NO PREVIOUS TRAINING. THEIR FAITH IS ADMIRABLE. WE DONT KNOW MANY WHO WOULD BE WILLING TO TAKE ON SUCH HUGE ROLES WITH NO TRAINING. AS OUR RELATIONSHIP GREW WITH DIFFERENT LOCAL CHURCHES WE BEGAN TO SEE THE GREAT NEED FOR TRAINING AND RESOURCES. SUBSEQUENTLY, GOD LAID IT IN OUR HEARTS TO BEGIN OFFERING TRAINING OPPORTUNITIES. WE REACHED OUT TO FRIENDS ASKING IF THEYD BE WILLING TO COME AND SHARE ON DIFFERENT TOPICS WHERE THEY HAD TRAINING AND EXPERIENCE. WEVE BEEN ABLE TO OFFER VARIOUS TRAININGS FOR PASTORS SUCH AS, HOMILETICS, HOW TO GIVE PRE-MARITAL COUNSELING, DISPENSATION CHART, SPIRITUAL GIFTS, AND SO MUCH MORE A FEW OTHER TOPICS ARE VBS, SUNDAY SCHOOL (FOR KIDS, TEENS, AND ADULTS), BOOKKEEPING, ETC..

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,465,562
Program Service Revenue $0
Investment Income $20,577
Other Revenue $0
TOTAL REVENUE $1,486,139

Expense Breakdown

Grants Paid $1,085,905
Salaries & Benefits $0
Fundraising Expenses $56,678
Program Expenses $1,120,978
Other Expenses $153,473
TOTAL EXPENSES $1,239,378

Year-over-Year Comparison

2024 2023 Change
Revenue $1,486,139 $1,144,396 +0.3%
Expenses $1,239,378 $935,756 +0.3%
Net Income $246,761 $208,640 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL TROYER VICE CHAIR 0.01
Officer Director
$0 $0 $0
LORI CARPENTER SECRETARY 0.58
Officer Director
$0 $0 $0
TRACY CORRINNE TREASURER 2.31
Officer Director
$0 $0 $0
ANNETTE REED MEMBER-AT-LA 0.06
Director
$0 $0 $0
ANDY BRITTON MEMBER-AT-LA 0.06
Director
$0 $0 $0
JULIE WILLIAMS MEMBER-AT-LA 0.06
Director
$0 $0 $0
JAMES MATCHETTE PRESIDENT 0.46
Officer Director
$0 $0 $0
CHRIS WAGNON PRES. EMERIT 0.23
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,486,139 $1,239,378 $1,070,889 $246,761
2023 $1,144,396 $935,756 $827,234 $208,640
2022 $785,644 $959,870 $623,190 $-174,226
2021 $974,779 $758,913 $778,726 $215,866
2020 $668,895 $487,969 $562,905 $180,926
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