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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Philanthropy, Voluntarism & Grantmaking The New Impact Fund

The New Impact Fund

Fiscal year ending 2024. Filed on October 15, 2025.

5922 Excelsior Boulevard
Minneapolis, Minnesota 55416

The New Impact Fund (EIN: 46-5187324) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The New Impact Fund, a 501(c)(3) charitable organization, reported compensation for 1 out of 2 total employees. Among the employees shown here, the average compensation is $254,728. The highest compensated employee at The New Impact Fund is Alicia R Phillips with fiscal year 2024 compensation of $254,728.

Revenue, expenses, and employee compensation

Revenue

$783,526

Expenses

$1,032,881

Employee compensation

$290,299
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alicia R Phillips
Executive Director
$254,728
$172,200 No related comp$82,528

Benchmark Employee Compensation

Non-Employee Board Members

Alex Dashe
Secretary
Susan F Shank, Cfa
Treasurer
Tj Ticey
Chair

Mission Statement

TO CONNECT BIPOC ENTREPRENEURS IN TWIN CITIES NEIGHBORHOODS WITH THE FINANCIAL AND SOCIAL CAPITAL THEY NEED TO GROW AND SUSTAIN THEIR BUSINESSES BY ACTIVATING UNTAPPED INDIVIDUAL WEALTH, ULTIMATELY WORKING TO ELIMINATE THE RACIAL WEALTH GAP IN OUR LOCAL ECOSYSTEM.

Revisions to this organization profile

October 15, 2025:
2024 The New Impact Fund 990 filed
November 11, 2024:
2023 The New Impact Fund 990 filed
June 10, 2023:
2022 The New Impact Fund 990 filed

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