Annual Report / Financials
Sound Financial Stewardship is the Bottom Line
Fiscal management and accountability are at the core of IMPACT Community Action’s operations.
IMPACT is responsible for the preparation and fair presentation of its financial statements in accordance with principles generally accepted in the United States. This includes the design, implementation and maintenance of internal controls relevant to the preparation and fair representation of its financial statements that are free from material misstatement, whether due to fraud or error.
IMPACT Community Action received its eighth consecutive unmodified audit opinion for the 2014 year.
IMPACT’s revenue flows from federal grants (75%), other grants (22%) and other contributions (3%). As IMPACT continues to diversity its funding sources, non-federal grants are contributing more revenue than in previous years. Non-federal grant contributions are expected to rise in 2015 and beyond as funders become increasingly willing to invest in IMPACT’s mission.
Our mission, “to provide hope-inspiring help and real opportunities for self-sufficiency,” underlies all of IMPACT’s programs and services. This mission drives the financial management of agency resources as well, with expenditures focused on this purpose always at the “front of the line”.
Annual Financial Audits
We have a responsibility to our community and our donors and work hard to ensure long-term sustainability of the organization. We make our IRS Form 990 available for review, as required by law.
If you would like to support our work and the familes we serve, visit our Donate section and join the fight against poverty!