Impactdmv Inc

Nonprofit profile at a glance

EIN
823831348
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021, Form 990-N 2020
Location
Upper Marlboro, MD, USA
Phone
3013953424
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$227,856
Expenses
$231,703
Assets
$21,423
Liabilities
$1,134

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Armani McMillan (Executive Director)

Highest reported compensation

  • Armani McMillan (Executive Director): $24,960 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

IMPACTdmv supports the personal and professional development of underserved minority youth and young adults in Prince George's County, Maryland community. We envision every young adult having the equal opportunity, resources, and community of support needed to conquer their educational, career, and creative goals.

What it reported doing in 2024

Based in Prince George's County, Maryland, IMPACTdmv supports the personal and professional development of underserved minority youth and young adults in our community. We connect 14- to 30-year-olds with workshops, events, and mentorship to strengthen their academic, professional, and interpersonal skills and foster critical connections that leave a lasting impact. Current programs include College Preparation, Career Readiness, Financial Literacy, and Leadership Development. While these may all be viewed as separate programs, they comprise a layered approach that supports participants from college preparation through graduation and into their early career stages. IMPACT Your Acceptance program services empowers ambitious minority high school students, college students, and recent graduates through comprehensive, tailored programs. These programs develop leadership skills, navigate college admissions, and launch successful careers. By providing guidance, resources, and confidence, IMPACT Your Acceptance transforms students' potential into extraordinary achievement, enabling them to shape the future they envision. IMPACTdmv's three core services - IYA: Admissions Academy, IYA: Leadership Institute, and IMPACT Your Career - work in concert to support students at various stages of their academic and professional journeys, ensuring a holistic approach to personal and career development. IYA's impact is evident in its impressive statistics: Scholars have achieved over 650 college acceptances, secured more than $21 million in scholarship awards, maintained a 100% college acceptance and scholarship award rate, with all scholars reporting increased chances of admission to their top schools and improved essay-writing skills.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $28.43 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1.7%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 10.8%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 21.5% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 37.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: -9.1% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 86.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $199K in reported program spending
  • Leadership: top reported pay $25K · 4 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.