v5 ✓
Mission Adopted · Charitable Finance Platform
2 / 5
Board Seats Filled
7
Active Filing Deadlines
13 / 14
Documents Drafted
Formation Journey
Track progress from concept to fully operational 501(c)(3)
22%
Overall Complete
1
Foundation
Mission · Board
75%
2
Incorporation
NC SOS Filing
35%
3
IRS Application
Form 1023
0%
4
State Compliance
DOJ · DOR
0%
5
Operational
Active Programs
0%
Next Best Actions · This Week
Mission Statement · Draft Options
501(c)(3) Charitable Finance Platform · Advancing the Ownership Economy · Charlotte, NC
The MPact Operating Architecture
MPact Mission Foundation deploys institutional-grade capital market tools — structured finance, tax-exempt bonds, AI-powered asset management, and blockchain-verified impact tracking — toward community and people-based outcomes. The Foundation operates alongside MPact Capital, LLC as peer organizations in the Ownership Economy mission, channeling charitable capital through six operating programs across four thematic pillars.
PRIMARY MISSION · ADOPTED v5
Adopted v5 · 501(c)(3) Charitable Finance Platform · Six Operating Programs
"MPact Mission Foundation is a charitable finance platform that provides market-based solutions and financial tools of dignity to help hardworking Americans and their communities achieve the American Dream. The Foundation delivers its charitable mission as a non-profit issuer, conduit issuer, fiscal sponsor, and steward of Philanthropic Investment Grants (PHIGs) — supported by grants, advisory services, structured solutions, and advocacy across the pillars of housing stability, homeownership, small business ownership, and generational wealth-building."
Six Operating Programs
PROGRAM 01
Non-Profit Issuer
Issues debt, equity, and other charitable financial instruments — Community Impact Notes, Program Notes, Charitable Bonds — to deploy capital directly into the four thematic pillars.
Reg D / Reg A
PRI Eligible
PROGRAM 02
Conduit Issuer
Issues qualified 501(c)(3) bonds under IRC §145 on behalf of qualified 501(c)(3) borrowers (affordable housing developers, CLTs, etc.). 95% use-of-proceeds test.
IRC §145
TEFRA
PROGRAM 03
PHIG Sponsor
Receives Philanthropic Investment Grants. Donor recommends, MMF performs diligence and invests, ~99% of returns recycle back. Modeled on Realize Impact.
PRI · §4944(c)
Not a DAF
PROGRAM 04
Fiscal Sponsor
Provides Model A (comprehensive) and Model C (pre-approved grant) fiscal sponsorship to charitable projects. Variance power retained on all sponsored funds.
Model A · C
NNFS Aligned
PROGRAM 05
Multifamily Asset & Investment Mgmt
Nonprofit asset & investment management for affordable multifamily housing portfolios, CDFIs, and LIHTC funds — powered by AI analytics and blockchain ownership records.
LIHTC
AI Analytics
Blockchain
PROGRAM 06
Housing Ownership & Disaster Recovery
Charitable fund strategies for housing ownership access and post-disaster community recovery — using smart contract insurance triggers, AI risk models, and blockchain title verification.
Disaster Recovery
Smart Contracts
AI Risk Models
Four Thematic Pillars · Where Capital Is Deployed
Housing Stability
Affordable preservation · Multifamily supply · RTO & CLT
Homeownership
Affordability gap · FTHB supply · Co-investment
Small Business
Working capital · SB lending · Credit & risk
Wealth-Building
Financial literacy · Credit · Asset-building
VARIANT · WEBSITE / HERO
Concise · Web
"Philanthropic capital. Innovative structures. The American Dream — for hardworking Americans."
VARIANT · DONOR / GRANT
Funder-resonant
"MPact Mission Foundation channels philanthropic capital into impact investments through PHIGs, charitable issuance, and conduit financing — building housing, homeownership, small business, and wealth for low- and moderate-income Americans."
VARIANT · INTERNAL / RALLYING
Brand · Memorable
"Issue. Conduit. PHIG. Three programs. Four pillars. One mission — the American Dream, financed with dignity."
Board of Directors · Live Tracker
Founding Board Roster
NC requires minimum 3 directors · IRS recommends 5–7 unrelated members for credibility · Live from database
Loading board roster…
Board Composition Status
Confirmed Members
—
Pending
—
Open Seats
—
NC Minimum Required
3
Target Composition
5–7
IRS Compliance
—
→
Action Available
Open Board Recruitment One-Pager to share with prospects
Board Skill Gaps
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Filing Deadlines · Compliance Calendar
Upcoming Critical Deadlines
MAY
17
File Articles of Incorporation
FILE →
MAY
24
Apply for EIN (IRS Form SS-4)
APPLY →
JUN
15
Adopt Bylaws & Hold Organizational Meeting
SCHEDULE →
JUL
15
File Form 1023-EZ with IRS
PREPARE →
AUG
01
Register NC Charitable Solicitation License
PREPARE →
APR
15
NC Annual Report (Nonprofit)
CALENDAR →
MAY
15
IRS Form 990-N (e-Postcard)
CALENDAR →
Form 1023-EZ Eligibility · Interactive Check
Quick Eligibility Worksheet
Toggle "Yes" or "No" for each question. The 1023-EZ saves $325 and ~3 months of processing — but you must qualify on every criterion below.
1
Will projected gross receipts be $50,000 or less in each of the first 3 years?
2
Are total assets currently valued at $250,000 or less?
3
Was the organization formed under the laws of a U.S. state or territory (not a foreign country)?
4
Is the organization NOT a school, hospital, church, supporting organization, or private operating foundation?
5
Does the organization NOT have unrelated business income, partnership/LLC interests, or foreign activity exceeding IRS thresholds?
Eligibility Verdict
AWAITING INPUT
Answer all 5 questions to receive an instant determination.
$—
Filing Fee
—
Avg. Processing
Questions answered:
0 / 5
Reviewed & signed off by:
⚖️ Legal Officer
💰 Treasurer
🏛 Founder
Document Vault · Working Files
Articles of Incorporation
Owner: Legal Officer
● READY TO REVIEW
Organizational Bylaws
● READY TO REVIEW
Conflict of Interest Policy
● READY TO REVIEW
Form 1023 Narrative of Activities
● READY TO REVIEW
PHIG Policy & Procedures
● READY TO REVIEW
Program-Related Investment Policy
● READY TO REVIEW
Recoverable Grant Policy
● READY TO REVIEW
Non-Profit Issuer Policy
● READY TO REVIEW
Conduit Issuer Policy
● READY TO REVIEW
Fiscal Sponsorship Policy
● READY TO REVIEW
Board Recruitment One-Pager
● READY TO SHARE
Related-Party Transaction Policy
● READY TO REVIEW
Organizational Meeting Minutes
● READY TO USE
3-Year Financial Projections
● READY TO REVIEW
Recent Activity · Audit Trail
Formation Activity Log
Auto-captured from dashboard actions and document changes
v6 Project Plan Completion — Final 3 Documents Delivered — package now 13 of 14 deliverables complete: Related-Party Transaction Policy (MPact Capital sister-organization safeguard with arm's-length, comparability data, and Treas. Reg. 53.4958-6 procedures), Organizational Meeting Minutes template (19 sections covering bylaws adoption, officer election, all 11 policies, banking, Form 1023 authorization, sister organization relationship disclosure), and 3-Year Financial Projections workbook (5 tabs · Cover · Revenue · Expenses · Balance Sheet · Assumptions · 90 formulas, zero errors).3 New · 13/14 Ready
JUST NOW
v5 Charitable Finance Platform Overhaul — Fiscal Sponsorship Added — package elevated to four primary programs: Non-Profit Issuer · Conduit Issuer · PHIG Sponsor · Fiscal Sponsor (Model A & Model C). Variance power retained on all sponsored funds. Aligned with NNFS & Greg Colvin framework.10 Docs · New Policy Added
EARLIER
v4 Architectural Overhaul — Charitable Intermediary Model — package restructured around primary programs (Non-Profit Issuer · Conduit Issuer · PHIG Sponsor) deploying capital across four thematic pillars. Modeled in part on Realize Impact (501(c)(3), EIN 46-3594732).9 Docs Updated
EARLIER
Four pillars reframed to capital & supply-side framing — affordable preservation, FTHB affordability gap, working capital lending, with §4944(c) PRI compliance throughoutForm 1023 v3
EARLIER
Mission refined to American Dream framework — market-based solutions, financial tools of dignity, and a four-method delivery modelMission v3
EARLIER
Bylaws, COI Policy, and Form 1023 Narrative generated as full governance package3 Documents
EARLIER
Mission statement refined to four pillars: housing, homeownership, small business, wealth-buildingMission v2
EARLIER
Articles of Incorporation drafted with IRS-compliant 501(c)(3) languageDocument
EARLIER
Board Recruitment One-Pager created and ready to shareDocument
EARLIER
Board Tracker module activated · 2 of 5 seats filledModule
EARLIER
IRS compliance gap detected — board below IRS-recommended compositionAlert
EARLIER
Dashboard v2 initialized with 6 admin modules + Phase Journey + Quick ActionsSystem
EARLIER
Dashboard v1 deployed with foundational modulesSystem
EARLIER
Grant Pipeline · Financial Innovation & Impact Investment
Funding Operations · Impact Investment & Financial Innovation Grants
Grant Pipeline Manager
Track grant prospects from research through reporting. Stage, deadline alerts, and outcomes update live from the database — every change is shared with the team instantly.
—
Active Prospects
—
Pipeline Value
—
Awarded
—
Deadlines ≤ 30 days
Loading grant pipeline…
Grant Discovery
Curated foundation, federal & community grant prospects aligned to MPact's focus areas. Qualify a prospect into the pipeline, or archive it with a note to refine future discovery.
Click “Discover Grants” to surface aligned prospects.
Discovery Notes · Archive Log
Archived prospects and their notes — a running record of what was passed over and why.
Outcomes by Funder
Filing Checklist · Federal & North Carolina
Reference · 501(c)(3) Formation Filings · Charlotte, NC
Required Filings & Registrations
The full sequence of federal and North Carolina filings to incorporate, secure tax-exempt status, and stay compliant. Work top to bottom — each step generally depends on the one above it.
Note: NC nonprofit corporations are not required to file an annual report with the Secretary of State. Fees shown are current published amounts — verify with each agency before filing.
Cost Assessment · Formation & Operating Budget
Reference · Planning Estimates · 501(c)(3) Charitable Finance Platform
What It Costs to Form & Run the Foundation
A planning budget split into one-time formation costs and recurring annual costs. Ranges reflect doing the work in-house at the low end versus engaging counsel and a CPA at the high end.
One-Time Formation Costs
NC Articles of Incorporation
$60
Federal EIN (Form SS-4)
$0
IRS Form 1023 / 1023-EZ
$275–$600
NC Charitable Solicitation License
$0–$200
Legal review & CPA setup
$0–$5,000
Branding, website & corporate kit
$0–$2,000
Total One-Time
$335 – $7,860
Recurring Annual Costs
NC Charitable Solicitation renewal
$0–$200
Registered agent service (optional)
$0–$150
IRS Form 990 filing
$0
Bookkeeping & accounting
$1,200–$6,000
D&O / general liability insurance
$500–$1,500
Software, banking & hosting
$0–$1,200
Total Per Year
$1,700 – $10,250
Estimates for planning only — not legal or tax advice. Audit costs are excluded (NC requires a CPA audit only above defined contribution thresholds). Verify current fees with the IRS, NC Secretary of State, and NC Department of Revenue.
Critical Roles · Board & Officer Structure
Reference · Governance Roles · NC Nonprofit Corporation Act & IRS Guidance
Who the Foundation Needs
North Carolina requires a President and a Secretary (held by different people) and at least one director. The IRS effectively expects an independent board of three or more unrelated directors for tax-exempt status. The roles below map to the role-switcher at the top of the dashboard.
🏛 Founding Partner
Board Chair / President
Sets strategy, leads the board, and serves as principal executive. Signs filings and represents the Foundation externally.
NC Required
Filled · Marcus
💰 Treasurer
Treasurer / CFO
Owns financial controls, banking, budgets, and the Form 990. Reports the cash position and fund balances to the board.
Officer
Open Seat
📋 Secretary
Corporate Secretary
Keeps minutes, maintains the records book, and ensures notice and quorum requirements are met. Cannot also be President.
NC Required
Open Seat
⚖️ Legal Officer
Legal Counsel
Owns regulatory compliance — incorporation, Form 1023, conduit-issuer rules, and securities matters tied to charitable issuance.
Recommended
Open Seat
🚀 Executive Director
Executive Director
Runs day-to-day operations and program delivery once the Foundation is active. Often interim or part-time pre-launch.
Operational
Phase 2
👁 Board Observer
Independent Directors
Unrelated, non-officer board members who provide independence for the IRS public-support test and conflict-of-interest review.
IRS Independence
Recruiting
🏛️
Board composition target: the IRS recommends 5–7 directors, a majority unrelated by family or business. See the Board Tracker for live seat status and the Filing Deadlines for officer-election timing.
Suggested Future Modules · Phase 2 Roadmap
PHASE 2 · HIGH
Donor & Funder CRM
Track relationships, gift history, communications, and pledge pipelines. Tag by capacity, affinity, and program interest.
Fundraising
Post-launch
PHASE 2 · HIGH
Grant Pipeline Manager
Manage grant prospects from research → application → award → reporting. Deadline alerts and outcome tracking by funder.
Revenue
Operations
PHASE 2 · HIGH
Financial Dashboard
Live view of cash position, monthly burn, fund balances, and budget vs. actual. Treasurer-led, board-visible.
Treasury
Compliance
PHASE 3 · MID
Program Impact Metrics
Capture outputs and outcomes for each program. Powers grant reporting, the IRS 990, and annual report storytelling.
Programs
Reporting
PHASE 3 · MID
Volunteer Coordinator
Onboarding, hours logging, role assignments, background-check status. Critical once programs launch with volunteers.
Operations
Programs
PHASE 3 · MID
Policy & Risk Library
Centralized whistleblower, document retention, gift acceptance, conflict of interest, and acceptable-use policies with version history.
Governance
Compliance
PHASE 3 · MID
Board Meeting Workspace
Agenda builder, board packet attachments, voting capture, and auto-generated minutes. Direct feed to organizational records.
Governance
Records
PHASE 4 · LATER
Annual Report Builder
Pulls from Programs, Financials, and Donor modules to assemble brand-aligned annual reports for stakeholders.
Communications
Marketing
PHASE 4 · LATER
Audit & 990 Workspace
Annual audit prep checklists, document gathering, and Form 990 series staging (990-N → 990-EZ → 990).
Annual
CPA