Overview
What is Impactassetsinc?
Impactassetsinc is a Bethesda, Maryland-based nonprofit organization that operates a unique philanthropic platform. It offers donor-advised funds and fiscal sponsorship services for individual and institutional donors. Impactassets maximizes the impact of charitable capital by utilizing grantmaking and impact investing in organizations dedicated to creating a positive social and environmental impact on society. The mission of this corporation encompasses various impact areas, such as sustainability, climate solutions, and social equity. Impactassets encourages the investment of charitable assets in, and grant making to, projects and enterprises that contribute to society positively through various activities, including educational, investor, donor, and administrative programs. With a workforce of 39 employees, Impactassets is committed to catalyzing and advancing positive change in society.
Official website here: www.impactassets.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92% (Four-Star out of Four Star rating)
ImpactAssets, Inc. has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The organization's high rating is based solely on its impressive accountability metrics, which reflect responsible management of resources and transparent operations. The organization has consistently maintained a robust financial oversight structure, with no reported issues related to the diversion of assets.
Strengths highlighted in the evaluation include a fully independent board, effective financial statements, and comprehensive policies for conflict of interest and whistleblower protections. The charity demonstrates exceptional program expenditure efficiency, with an impressive program expense ratio of 95.42%, indicating that the majority of its funds are directed towards its mission rather than administrative costs.
However, the fundraising efficiency ratio is notably low at $0.002, which suggests that the organization may face challenges in generating funds through its fundraising efforts. Despite this, the significant working capital ratio of 9.80 years indicates a solid financial foundation. Overall, ImpactAssets, Inc. appears to be a financially responsible and transparent nonprofit, although fundraising strategies may require further attention.
This AI summary has been generated from information found on Charity Navigator.
Is Impactassetsinc legitimate?
Impactassetsinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impactassetsinc 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: $494,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,544,889
For more financial information, click here
Official website here: www.impactassets.org
What is the mission statement of Impactassetsinc?
Impactassetsinc is dedicated to catalyzing and advancing various impact areas, including sustainability, climate solutions, and social equity, through impact investing, philanthropy, and programming. The organization encourages the investment of charitable assets in projects and enterprises that contribute positively to society. Impactassetsinc maintains educational, investor, donor, and administrative programs, enabling a broad base of society to engage in such activities. Their donor advised fund is a unique philanthropic platform offering a donor advised program and fiscal sponsorship services for individual and institutional donors. Impactassetsinc maximizes the impact of philanthropic capital through grantmaking and impact investing.
Official website here: www.impactassets.org
Who is the CEO of Impactassetsinc?
Margret Trilli is the Ceo & Cio of Impactassetsinc. The CEO's salary of Impactassetsinc is $270,401 and their total compensation is $553,059.
Official website here: www.impactassets.org
What is the revenue of Impactassetsinc?
Impactassetsinc's revenue in 2022 was $382,327,423.
Official website here: www.impactassets.org
Who are the executives of Impactassetsinc and what are their salaries?
The average compensation at Impactassetsinc during 2022 was $129,216. There are 39 employees and 9 volunteers at Impactassetsinc.
Here are 16 key members and their salaries (Impactassetsinc's CEO's salary is $270,401 and their total compensation is $553,059):
- Compensation: $270,401
- Related: $258,165
- Other: $24,493
- Compensation: $334,920
- Related: $0
- Other: $24,700
- Compensation: $240,309
- Related: $0
- Other: $29,340
- Compensation: $234,617
- Related: $0
- Other: $20,475
- Compensation: $186,134
- Related: $0
- Other: $25,705
- Compensation: $183,716
- Related: $0
- Other: $20,684
- Compensation: $177,194
- Related: $0
- Other: $14,024
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.impactassets.org
Where can I find the form 990 for Impactassetsinc?
Impactassetsinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactassets.org
Learn more at the official website: www.impactassets.org
Mission Statement of Impactassetsinc
Impactassetsinc, a corporation dedicated to catalyzing positive change, focuses on various impact areas including sustainability, climate solutions, and social equity through impact investing, philanthropy, and programming. The organization takes a unique approach by encouraging the investment of charitable assets in projects and enterprises that bring about a positive societal impact. Impactassetsinc maintains educational, investor, donor, and administrative programs, which enable a broad base of society to engage in such activities.
Moreover, Impactassetsinc offers a donor-advised fund, a distinctive philanthropic platform. This fund provides donor-advised programs and fiscal sponsorship services for individual and institutional donors. By utilizing grantmaking and impact investing, Impactassetsinc maximizes the flow of capital to organizations striving to create a positive social and environmental impact on society. The organization's model empowers donors to amplify the impact of their philanthropic capital.
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Impact
October, 2024
ImpactAssets Inc. catalyzes and advances various impact areas, including sustainability, climate solutions, and social equity, by facilitating impact investing, philanthropy, and targeted programming. Its unique donor-advised fund serves as a versatile philanthropic platform, providing both individuals and institutional donors with the means to maximize the impact of their charitable contributions. Through strategic grantmaking and impact investing, ImpactAssets ensures that capital is effectively directed towards organizations striving to create significant social and environmental benefits.
By encouraging the allocation of charitable assets to impactful projects and enterprises, ImpactAssets enhances the engagement of a broad spectrum of society in philanthropy. Its comprehensive approach includes educational initiatives and administrative programs designed to empower donors and investors to participate meaningfully in activities that promote positive societal change. Overall, ImpactAssets Inc. plays a crucial role in shaping the landscape of philanthropy by promoting investments and grants that foster lasting, transformative impact.
This information is meant to be a general summary of Impactassetsinc. 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: $19,941,599
- Program Service Revenue: $1,144,501
- Gross Receipts: $1,014,266,619
Assets and Liabilities:
- Total Assets: $2,191,122,674
- Total Liabilities: $31,879,968
- Net Assets: $2,159,242,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$649,538
ADMINISTRATIVE INCOME
Revenue
$494,963
Organization Details
Founding Year
2008
Phone
(855) 482-2946Principal Officer
Margret Trilli
Main Address
4340 EAST WEST HIGHWAY 210, BETHESDA, MD, 20814
Website
www.impactassets.orgNTEE Category
Code: T70 - Philanthropy
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