Overview
What is Common Impact Inc?
Common Impact Inc, based in Brooklyn, New York, is a nonprofit organization dedicated to fostering a connected economy by aligning business and social purpose. They specialize in designing, building, and scaling skills-based volunteer programs for companies, public sector agencies, and nonprofits. These programs help organizations achieve their business and social impact goals by engaging their employees in pro bono work. Common Impact's mission is to enhance the capacity of high-performing nonprofit organizations, enabling them to scale proven models of social impact. By doing so, they create long-term, sustainable partnerships between the corporate and nonprofit sectors, contributing to the betterment of the communities they serve.
Official website here: www.commonimpact.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
Common Impact Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The charity boasts a high accountability score of 96, with 100% of its board members being independent and a significant focus on financial oversight. The organization also maintains transparency through policies such as conflict of interest and whistleblower protections, contributing to its solid financial health.
In terms of program effectiveness, Common Impact Inc allocates a substantial 78.50% of its expenses to programs, indicating a strong commitment to its mission. The organization also demonstrates effective management of its assets, with a low liabilities-to-assets ratio of 31.23%. These metrics suggest that donors can have confidence in the charity's operational integrity and dedication to impactful service delivery.
While the organization scores well in accountability and financial management, its culture and community score is slightly lower at 87, which may indicate areas for improvement in engaging stakeholders or enhancing community impact. Overall, Common Impact Inc is recognized for its strong governance and effective use of resources, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Common Impact Inc legitimate?
Common Impact Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Impact Inc 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: $710,821
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,802,391
For more financial information, click here
Official website here: www.commonimpact.org
What is the mission statement of Common Impact Inc?
Common Impact Inc's mission is to foster a connected economy by strengthening nonprofit organizations, enabling them to expand their impactful initiatives. They achieve this by collaborating with businesses, engaging their employees in skills-based volunteer programs. These programs, which include day-of-service events, consulting engagements, executive coaching, and board service, deliver value to both the companies and the communities they serve. The aim is to establish long-term, sustainable partnerships between the corporate and nonprofit sectors.
Official website here: www.commonimpact.org
What is the revenue of Common Impact Inc?
Common Impact Inc's revenue in 2023 was $3,682,373.
Official website here: www.commonimpact.org
Who are the executives of Common Impact Inc and what are their salaries?
The average compensation at Common Impact Inc during 2023 was $93,082. There are 27 employees and 14 volunteers at Common Impact Inc.
Here are 21 key members and their salaries:
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- Compensation: $223,217
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- Compensation: $108,758
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- Compensation: $100,161
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- Other: $14,496
Official website here: www.commonimpact.org
Where can I find the form 990 for Common Impact Inc?
Common Impact Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.commonimpact.org
Learn more at the official website: www.commonimpact.org
Mission Statement of Common Impact Inc
Common Impact Inc, a catalyst for a connected economy, focuses on building the capacity of high-performing nonprofit organizations. Their mission is to enable these organizations to scale their proven models of social impact. To accomplish this, Common Impact partners with companies, utilizing their most strategic philanthropic asset, their employees, in skills-based volunteer programs. These programs, which encompass days of service, in-depth consulting engagements, executive coaching, and board service, create long-term, sustainable partnerships between the corporate and nonprofit sectors. By engaging employees in these programs, Common Impact not only creates value for the companies and the communities they operate in but also empowers nonprofit organizations to make a greater impact in society.
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Impact
October, 2024
Common Impact Inc catalyzes a new, connected economy by aligning business and social purposes. It specializes in designing, building, and managing institutional skills-based volunteer programs that enhance the capacity of high-performing organizations. By partnering with companies and public sector agencies, Common Impact designs pro bono programs tailored to meet specific business and social impact goals.
The organization's focus on skills-based volunteering enables companies to leverage their most strategic philanthropic asset—their employees. Through targeted programs such as days of service, in-depth consulting engagements, executive coaching, and board service, Common Impact fosters long-term, sustainable partnerships between the corporate and nonprofit sectors. This approach not only creates meaningful value for businesses but also drives significant social impact in the communities they serve, thereby scaling proven models of social change.
This information is meant to be a general summary of Common Impact Inc. 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 2023.
- Investment Income: $62,381
- Program Service Revenue: $3,355,890
- Gross Receipts: $3,682,373
Assets and Liabilities:
- Total Assets: $4,111,651
- Total Liabilities: $1,284,171
- Net Assets: $2,827,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OUTSOURCED PRGM MANAGE
Revenue
$3,022,152
EDUCATION AND TRAINING
Revenue
$183,238
DAYS OF SERVICE
Revenue
$150,500
Organization Details
Founding Year
2007
Principal Officer
Rachel Hutchisson
Website
www.commonimpact.orgNTEE Category
Code: Z99 - Unknown
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