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Impact Seven Incorporated

EIN 39-1141037 · Rice Lake, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong96 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

COMPREHENSIVE IMPACT ON THE POPULATION OF WISCONSIN, WITH AN EMPHASIS ON THE RURAL AREA OF THE STATE. IMPACT SEVEN ACTS AS A CATALYST TO CREATE OPPORTUNITY FOR THE UNDERSERVED OF WISCONSIN, INCLUDING WOMEN, MINORITIES, LOW-INCOME AND DISABLED PEOPLE, AND DISTRESSED COMMUNITIES.

Income
$27.7 million
Spending
$11.0 million
Spent on programs
80%
Reserves
88.9 months of spending
Largest source of income
fees for its services, 94%
Employees
16
Volunteers
0
Highest pay
$673,379, president/ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 96 out of 100. Higher than 92% of charities in its peer group (community improvement, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 88.9 months of spending.

  • Debt

    16 of 20

    It owes 22% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 60% of income.

  • Income trend

    15 of 15

    Income rose 21% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 16% of charities in its peer group (community improvement, $10m to $100m).

  • Independent board

    25 of 25

    14 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $8.7 million spent. IMPACT SEVEN'S BUSINESS DEVELOPMENT PROVIDES FINANCIAL PRODUCTS, DEVELOPMENT SERVICES AND TECHNICAL ASSISTANCE FOR THE CREATION OR EXPANSION OF BUSINESS, COMMERCIAL REAL ESTATE AND HOUSING DEVELOPMENT ENTERPRISES.- $33,995,730 IN LOANS CLOSED- 20 LOANS CLOSED- 76 FTE JOBS CREATED BY BORROWERS- 129 FTE JOBS RETATINED BY BORROWERSIMPACT SEVEN PROVIDES SERVICES IN THE MANAGEMENT OF RENTAL HOUSING FOR ITS OWNED UNITS.- 1697 UNITS UNDER MANAGEMENT- 1545 AFFORDABLE UNITS UNDER MANAGEMENT- 751 UNITS SET ASIDE FOR PERSONS WHO ARE ELDERLY AND/OR HAVE DISABILITIESIMPACT SEVEN DEVELOPS AND INVESTS IN ITS OWN MULTIFAMILY RENTAL HOUSING AS A LONG TERM OWNER.- 1455 UNITS OF AFFORDABLE HOUSING FINANCED FOR THIRD PARTY DEVELOPERS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1996.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.