2025-11-05T10:41:30-06:00 2024-12-31 203985546 JOHNSON O'CONNOR FERON & CARUCCI LLP 101 EDGEWATER DRIVE SUITE 210 WAKEFIELD MA 01880 990 2024-01-01 831851237 IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION IMPA 3038954411 10520 CHAPEL HILL ROAD 766 MORRISVILLE NC 27560 ARIELLE MOLINO CHIEF CONVENER/CEO 3038954411 2025-11-04 1 1 JOSEPH GISO P00030126 7819143400 2025-11-04 2024 2025-03-06 01:10:19Z ARIELLE MOLINO 10520 CHAPEL HILL ROAD 766 MORRISVILLE NC 27560 1228716 0 X N/A X 2017 DE TO CREATE AN IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP. 5 3 1 5 0 0 1035885 1221866 0 2738 0 0 0 4112 1035885 1228716 322864 867332 0 0 122994 168533 0 0 0 188938 274067 634796 1309932 401089 -81216 1392583 1330307 1078 20018 1391505 1310289 TO CREATE AN IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP. 0 0 1185243 867332 2738 THE IMPACT INNOVATORS & ENTREPRENEURS FOUNDATION'S PRIMARY PURPOSE IS TO CREATE AN IMPACT ON THE LIVES OF THE DISADVANTAGED, UNDER-SERVED POPULATIONS BY NURTURING MODELS OF INNOVATION AND ENTREPRENEURSHIP THAT SERVE THESE POPULATIONS DIRECTLY. TO THIS EFFECT WE HAVE DIRECTLY ENABLED ABOUT 10 ENTERPRISES THROUGH INVESTMENTS, LOAN GUARANTEE PROGRAMS AND ADVISORY AND INDIRECTLY SUPPORTED OVER 100 ENTERPRISES, THROUGH TRAINING AND ADVISORY SUPPORT TO 40 INCUBATORS (ENTREPRENEUR SUPPORT ORGANIZATIONS) ACCROSS SOUTH EAST ASIA, SOUTH ASIA AND AFRICA. 1185243 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X ARUNKUMAR VENKATESAN 3038954411 10520 CHAPEL HILL ROAD 766 MORRISVILLE NC 27560 X ARIELLE MOLINO CHIEF CONVENER/CEO 40.00 X X 120000 0 6607 ARUNKUMAR VENKATESAN FMR CEO/SEC. *SEE SCH O 40.00 X X 10650 0 0 AZAD OOMMEN RESIGNED JULY 2024 TREASURER 0.25 X X 0 0 0 JASMIN PATEL PRESIDENT/CHAIR 0.25 X X 0 0 0 JENNY EVERETT DIRECTOR 0.25 X 0 0 0 NADINE FREEMAN DIRECTOR 0.25 X 0 0 0 PAUL BASIL RESIGNED JULY 2024 DIRECTOR 0.25 X 0 0 0 130650 0 6607 1 0 0 0 0 1221866 1221866 PROGRAM INCOME 541900 2738 2738 2738 MICELLANEOUS 900099 4112 4112 4112 1228716 2738 0 4112 867332 867332 120000 96000 24000 6607 5286 1321 41926 33541 8385 3164 3164 33480 33480 121087 96870 24217 56739 45391 11348 4521 4521 2910 2910 28396 22716 5680 18996 15197 3799 MISCELLANEOUS 3846 3846 LICENSES & PERMITS 562 562 BUSINESS REGISTRATION F 366 366 1309932 1185243 124689 0 789614 721423 0 102 517969 608782 85000 0 1392583 1330307 0 16313 1078 3705 1078 20018 X 1391505 1310289 1391505 1310289 1392583 1330307 -81216 0 X 0 0 0 X 55000 743517 1035885 1221866 3056268 55000 743517 1035885 1221866 3056268 1815250 1241018 4113 4113 3060381 84798 0.40550 0.26450 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: LEVERAGING TECH TO SUPPORT FLHW PROJECT DATE: 09/01/21 AMOUNT: 125000. DESCRIPTION: BLDG LOCAL RESILIENCE IN AFRICA DATE: 12/01/20 AMOUNT: 55000. DESCRIPTION: DESIGN & LAUNCH OF INCUBATION-AFFILIATED FUND IN AFRICA DATE: 06/01/21 AMOUNT: 131500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 608782 C 608782 CREDIT CARDS PAYABLE 3705 3705 1 SUB-SAHARAN AFRICA 0 0 GRANTS 420635 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 INVESTMENTS 608782 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS 446697 0 0 0 0 0 0 1476114 0 1476114 SUB-SAHARAN AFRICA SUBAWARD 420635 WIRE 0 SOUTH ASIA SUBAWARD 446697 WIRE 0 2 0 0 0 0 1 0 PART I, LINE 2: SUBAWARD RECIPIENT IS REQUIRED TO PROVIDE PERIODIC REPORTING AS MANDATED BY THE GRANTOR. REPORTS REGARDING MILESTONES ACHIEVED ARE SUBMITTED TO IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION AND, SUBSEQUENTLY, TO THE GRANTOR. ALL GRANT TRANCHES ARE RELEASED, AFTER REVIEW, BASED ON MILESTONE COMPLETION. FORM 990, PART VI, SECTION B, LINE 11B IMPACT INNOVATORS AND ENTREPRENEURS FOUNDATION'S (IIEF) FORM 990 IS PREPARED WITH THE ASSISTANCE OF AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE COMPLETED FORM 990 IS DISTRIBUTED ELECTRONICALLY TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST BY COMPLETING A QUESTIONNAIRE ANNUALLY. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST, IT IS THE DUTY OF THE INDIVIDUALS TO DISCLOSE SUCH INTEREST. THIS INTEREST IS TO BE RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD AND WHERE THE CONFLICT CONCERNS ANY BOARD OR COMMITTEE MEMBER, THE INDIVUDAL(S) SHALL NOT PARTICIPATE IN ANY VOTE OR DELIBERATION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS THE CEO/DIRECTOR'S PERFORMANCE IN CONNECTION WITH PREVIOUSLY ESTABLISHED GOALS ALONG WITH ACCOMPLISHMENTS RELATIVE TO CURRENT SALARY AND MARKET CONDITIONS. BASED UPON THIS REVIEW, THE EXECUTIVE COMMITTEE PRESENTS ITS ASSESSMENT AND RECOMMENDED COMPENSATION ADJUSTMENTS TO THE BOARD IN EXECUTIVE SESSION, FOR ITS APPROVAL. IN ADDITION, THE BOARD CHAIR SOLICITS COMMENTS ON THE CEO/DIRECTOR'S PERFORMANCE FROM ALL BOARD MEMBERS. BASED ON ALL OF THE PROCEEDING FEEDBACK, THE BOARD CHAIR MEETS WITH THE CEO/DIRECTOR FOR FORMAL REVIEW, INCLUDING PRESENTATION OF SALARY ADJUSTMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS' GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 7, PART VII -SECTION A. OFFICERS, DIRECTORS, TRUSTEES, ETC. ARUNKUMAR VENKATESAN -FMR CEO/SECR. - PAYMENTS WERE IN CAPACITY AS FORMER CEO AND NOT IN HIS CAPACITY AS SECRETARY OF BOARD.