Overview
What is Impact Foundation?
Impact Foundation is a charitable organization situated in Fargo, North Dakota, with a mission to boost the capacity of nonprofits, businesses, and individuals to maximize their community impact. Established in 2005, the foundation recognizes the need for nonprofits to improve their organizational assessments, strategic planning, and fundraising abilities for long-term sustainability. To achieve this, Impact collaborates with Dakota Medical Foundation and provides education, training, and coaching sessions for partner organizations through the Impact Institute. The Institute has trained over 500 nonprofit executives and directors in leadership and fundraising concepts, with a notable impact on fundraising results. Participating nonprofits, such as those involved in Giving Hearts Day, have seen a significant increase in donations over the years. Impact also offers grant writing assistance to health-related nonprofits, resulting in over $28.9 million in secured grant funding since 2005. The organization operates with a team of 7 dedicated individuals, all working towards its primary goal of improving nonprofit partners' capacity to produce superior results.
Official website here: www.ndimpactfdn.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Impact Foundation has been awarded a Three-Star rating from Charity Navigator, reflecting its strong focus on accountability and finance. The foundation's score is derived solely from its accountability measures, showcasing a commitment to transparency and ethical governance.
The organization scores particularly well in several key areas. It boasts a 100% independent board, with no material diversion of assets, and it has established comprehensive policies regarding conflicts of interest, whistleblowing, and document retention. Additionally, a high program expense ratio indicates that a significant portion of its funds directly supports its mission.
However, while the foundation demonstrates impressive financial practices, the single beacon score suggests that a more diversified evaluation framework could provide additional insights into its overall impact and effectiveness in achieving its goals. Overall, the Impact Foundation appears to be a financially responsible nonprofit with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Foundation legitimate?
Impact Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $124,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $486,435
For more financial information, click here
Official website here: www.ndimpactfdn.org/
What is the mission statement of Impact Foundation?
The Impact Foundation, with a mission rooted in charitable, scientific, and educational purposes, aims to enhance the capacity of nonprofits, businesses, and individuals to achieve greater community impact. Its primary objective is to significantly improve the performance of its nonprofit partners, enabling them to deliver superior societal outcomes. To achieve this goal, the Impact Foundation manages donations, contributes to other nonprofits, and offers assistance. The organization operates initiatives focused on areas such as economic development, health and healthcare access, education, and various other philanthropic sectors, as per donor preferences.
Official website here: www.ndimpactfdn.org/
Who is the CEO of Impact Foundation?
J Patrick Traynor is the Executive Director of Impact Foundation.
Official website here: www.ndimpactfdn.org/
What is the revenue of Impact Foundation?
Impact Foundation's revenue in 2022 was $3,041,976.
Official website here: www.ndimpactfdn.org/
Who are the executives of Impact Foundation and what are their salaries?
The average compensation at Impact Foundation during 2022 was $87,334. There are 7 employees and 150 volunteers at Impact Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $124,904
- Related: $0
- Other: $0
- Compensation: $144,043
- Related: $0
- Other: $32,909
Official website here: www.ndimpactfdn.org/
Where can I find the form 990 for Impact Foundation?
Impact Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ndimpactfdn.org/
Learn more at the official website: www.ndimpactfdn.org/
Mission Statement of Impact Foundation
Impact Foundation, a charitable organization, is dedicated to enhancing the capacity of nonprofits, businesses, and individuals to significantly boost their community impact. Its primary mission is to strengthen its nonprofit partners, enabling them to achieve superior outcomes. Operating under charitable, scientific, and educational purposes, Impact Foundation accepts and manages donations, funding other nonprofits and offering aid. To realize its objective, Impact Foundation engages in philanthropic initiatives, aiming to positively impact various societal sectors, including economic development, healthcare access, education, and other areas specified by donors.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Impact Foundation significantly enhances the capacity of nonprofits, businesses, and individuals, maximizing their ability to create meaningful community impact. Through its partnership with Dakota Medical Foundation, the organization has established the Impact Institute, which has trained over 500 nonprofit executives and directors since 2005. This training empowers leaders with essential skills in organizational effectiveness, strategic planning, and advanced fundraising techniques.
One of the key educational focuses is on the training of nonprofit boards and management teams, particularly in fundraising. The High Impact Fundraising program has been instrumental in helping organizations enhance their fundraising capabilities. For instance, organizations participating in Giving Hearts Day have experienced remarkable growth in donations, increasing from $353,000 in 2008 to a staggering $2.5 million by 2022.
Additionally, Impact Foundation provides crucial grant writing services, particularly for health-related nonprofits. This support has led to the securing of over $28.9 million in grant funding, allowing these organizations to expand their programs and services. By focusing on organizational effectiveness and developing essential skills, Impact Foundation is committed to fostering sustainable, impactful change across various sectors, including economic development, healthcare access, and education.
This information is meant to be a general summary of Impact Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,383
- Program Service Revenue: $469,328
- Gross Receipts: $3,102,371
Assets and Liabilities:
- Total Assets: $6,186,034
- Total Liabilities: $568,794
- Net Assets: $5,617,240
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Give Back Membership D
Revenue
$346,500
Contracted Services In
Revenue
$78,367
Management Services In
Revenue
$40,035
Intermediary Relending
Revenue
$1,976
Organization Details
Founding Year
2003
Phone
(701) 271-0263Principal Officer
J Patrick Traynor
Main Address
4141 28th Avenue S, Fargo, ND, 58104
Website
www.ndimpactfdn.org/NTEE Category
Code: T50 - Philanthropy
If you are a representative of Impact Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.