PHILANTHROPIC IMPACT FOUNDATION

EIN: 862055661 501(c)(3)

FRANKLIN, TN

Total Revenue
$17,676,907
Total Expenses
$26,845,175
Total Assets
$8,625
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TN
Principal Officer
KENT E SETON
Phone
3106669131
Tax Period
2024-01-01 to 2024-12-31

PHILANTHROPIC IMPACT FOUNDATION, founded in 2021, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $26.8M exceeded revenue, resulting in a 52% operating deficit.

Mission

PHILANTHROPIC IMPACT FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION THAT PROVIDES A LEGAL STRUCTURE UNDER WHICH CHARITABLE PROGRAMS MAY OPERATE, ACTING AS FISCAL SPONSOR.

Program Service Accomplishments

Program 1
Expenses: $4,781,290

THE SKILLED TRADES INITIATIVE'S GOAL IS TO BRING AN UPSWELL OF TEENS AND YOUNG ADULTS INTO SKILLED TRADE CAREERS. IN CONJUNCTION WITH 'SKILLS USA AND THROUGH TWO PRINCIPAL PROGRAMS: THE 'SKILLS JAM'...

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THE SKILLED TRADES INITIATIVE'S GOAL IS TO BRING AN UPSWELL OF TEENS AND YOUNG ADULTS INTO SKILLED TRADE CAREERS. IN CONJUNCTION WITH 'SKILLS USA AND THROUGH TWO PRINCIPAL PROGRAMS: THE 'SKILLS JAM' EPISODIC SERIES AND THE 'SKILLED CAREERS COALITION', THE SKILLED TRADES INITIATIVE IS EXPOSING TEENAGERS, PARENTS AND SCHOOL GUIDANCE COUNSELORS TO THE OPPORTUNITIES AND BENEFITS OF CAREERS IN A SKILLED TRADE.

Program 2
Expenses: $3,963,051

SECOND CHANCE HIRING INITIATIVE (AKA TALENT NOVA) IS ABOUT EQUIPPING JUSTICE-IMPACTED TALENT WITH THE TOOLS, TRAINING, AND CONFIDENCE THEY NEED TO SUCCEED IN THE MODERN WORKFORCE, AND EDUCATING AND...

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SECOND CHANCE HIRING INITIATIVE (AKA TALENT NOVA) IS ABOUT EQUIPPING JUSTICE-IMPACTED TALENT WITH THE TOOLS, TRAINING, AND CONFIDENCE THEY NEED TO SUCCEED IN THE MODERN WORKFORCE, AND EDUCATING AND SUPPORTING EMPLOYERS THAT HIRE JUSTICE-IMPACTED TALENT IN ORDER TO ADVANCE TALENT NOVA'S CHARITABLE MISSION. THE TALENT NOVA PLATFORM WAS BORN OF THE BELIEF THAT ALL PEOPLE DESERVE EQUITABLE ACCESS TO THE CAREERS THEY'RE QUALIFIED FOR REGARDLESS OF THEIR RECORD.

Program 3
Expenses: $3,074,900

THE EMPOWER CAMPAIGN EXISTS TO SUPPORT WOMEN AND YOUTH, TO BUILD THEIR CONFIDENCE, BUILD THEIR CHARACTER, EQUIP THEM WITH SKILLS, STRENGTHEN THEM WITH KNOWLEDGE, AND HELP THEM BECOME THE BEST...

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THE EMPOWER CAMPAIGN EXISTS TO SUPPORT WOMEN AND YOUTH, TO BUILD THEIR CONFIDENCE, BUILD THEIR CHARACTER, EQUIP THEM WITH SKILLS, STRENGTHEN THEM WITH KNOWLEDGE, AND HELP THEM BECOME THE BEST POSSIBLE VERSIONS OF THEMSELVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,408,452
Program Service Revenue $0
Investment Income $268,455
Other Revenue $0
TOTAL REVENUE $17,676,907

Expense Breakdown

Grants Paid $26,038,595
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,038,595
Other Expenses $806,580
TOTAL EXPENSES $26,845,175

Year-over-Year Comparison

2024 2023 Change
Revenue $17,676,907 $30,546,506 -0.4%
Expenses $26,845,175 $24,916,292 +0.1%
Net Income $-9,168,268 $5,630,214 -2.6%
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
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT E SETON TRUSTEE 5.00
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 $17,676,907 $26,845,175 $8,625 $-9,168,268
2023 $30,546,506 $24,916,292 $9,227,108 $5,630,214
2022 $29,657,046 $26,654,667 $3,922,226 $3,002,379
2021 $18,241,201 $17,321,354 $919,847 $919,847
2021 $18,241,201 $17,321,354 $919,847 $919,847
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