Overview
What is Apparel Impact Institute?
The Apparel Impact Institute is a nonprofit organization based in Oakland, California, with a mission to bring about transformative improvements in the fashion industry. By leveraging innovative funding mechanisms and strategic partnerships, they aim to fund and scale high-impact projects within the apparel and footwear sector. These projects, once adequately invested in and resourced, have the potential to scale up, addressing critical environmental and social outcomes that brands and consumers are seeking. The Institute's primary focus is to minimize the negative environmental impact associated with the apparel industry, and they achieve this by identifying, validating, funding, and scaling impact solutions to drive measurable change within the apparel and footwear industry. Their programs concentrate on areas that result in positive environmental impact, from the production of clothing and footwear products to improving the industry as a whole.
Official website here: www.htpps://apparelimpact.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Apparel Impact Institute has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 92% in this category, which is a positive indicator of its financial health and transparency. This rating is derived from its effective management of resources and adherence to best practices in governance.
Strengths of the organization include having a fully independent board of directors and a high level of oversight regarding financial practices, as evidenced by perfect scores in key areas such as financial statements and conflict of interest policies. Its program expense ratio of 74% signifies a substantial commitment to its mission-driven activities, ensuring that a significant portion of its funds directly supports its programs.
While the organization shows robust financial health, there are areas for improvement, particularly in its liabilities to assets ratio, which is at 55.41%. This is not alarming, but it does indicate that the organization carries a moderate level of liabilities relative to its assets. Overall, the Apparel Impact Institute demonstrates a strong commitment to accountability and effective fund allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Apparel Impact Institute legitimate?
Apparel Impact Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apparel Impact Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.htpps://apparelimpact.org
What is the mission statement of Apparel Impact Institute?
The Apparel Impact Institute is dedicated to minimizing the negative environmental impact associated with the apparel industry. Their mission involves identifying, validating, funding, and scaling impact solutions to drive measurable change in the apparel and footwear industry. The organization's programs focus on areas that result in positive environmental impact, from the production of apparel and footwear products to improving the industry as a whole. Through innovative funding mechanisms and deep partnerships with industry and other professional services, the Apparel Impact Institute aims to drive transformative improvements in the fashion industry by selecting, funding, and scaling high-impact projects that dramatically and measurably improve sustainability outcomes of the apparel and footwear industry. These projects have the potential to scale and meet the critical environmental and social outcomes that brands and consumers are seeking.
Official website here: www.htpps://apparelimpact.org
Who is the CEO of Apparel Impact Institute?
Ryan Gaines is the Board Chair of Apparel Impact Institute.
Official website here: www.htpps://apparelimpact.org
What is the revenue of Apparel Impact Institute?
Apparel Impact Institute's revenue in 2022 was $7,460,334.
Official website here: www.htpps://apparelimpact.org
Who are the executives of Apparel Impact Institute and what are their salaries?
There 6 volunteers at Apparel Impact Institute.
Here are 7 key members and their salaries:
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Official website here: www.htpps://apparelimpact.org
Where can I find the form 990 for Apparel Impact Institute?
Apparel Impact Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.htpps://apparelimpact.org
Learn more at the official website: www.htpps://apparelimpact.org
Mission Statement of Apparel Impact Institute
The Apparel Impact Institute, a notable organization, is committed to reducing the environmental impact associated with the apparel industry. Its mission is threefold: to identify, validate, fund, and scale impact solutions that drive measurable change in the apparel and footwear industry.
The Institute focuses on areas that result in positive environmental impact, from the production of apparel and footwear products to improving the industry as a whole. By driving transformative improvements in the fashion industry, the Institute aims to achieve this mission through innovative funding mechanisms and deep partnerships with industry and other professional services.
This collaboration selects, funds, and scales high-impact projects that dramatically and measurably improve sustainability outcomes of the apparel and footwear industry. The Institute identifies projects within the industry that, with appropriate investment and resources, have the potential to scale to meet the critical environmental and social outcomes that both brands and consumers are seeking. The ultimate goal is to leave a lasting, positive impact on the apparel and footwear industry, making it a more sustainable and socially responsible sector.
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Impact
June, 2024
Apparel Impact Institute is focused on driving transformative improvements in the fashion industry to minimize the negative environmental impact associated with the apparel industry. Through innovative funding mechanisms and deep partnerships with industry and other professional services, the organization selects, funds, and scales high-impact projects that dramatically and measurably improve sustainability outcomes in the apparel and footwear industry. By identifying projects within the apparel and footwear industry that have the potential to scale with appropriate investment and resources, Apparel Impact Institute is working towards meeting critical environmental and social outcomes that brands and consumers are seeking. The organization's programs aim to drive measurable change in the apparel and footwear industry, ultimately resulting in positive environmental impact from the production of apparel and footwear products to improve the industry.
This information is meant to be a general summary of Apparel Impact Institute. 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: $2,416
- Program Service Revenue: $1,507,946
- Gross Receipts: $7,460,334
Assets and Liabilities:
- Total Assets: $6,641,420
- Total Liabilities: $3,516,941
- Net Assets: $3,124,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,507,946
Organization Details
Founding Year
2012
Phone
(650) 995-4662Principal Officer
Ryan Gaines
Main Address
1714 FRANKLIN ST 100-262, OAKLAND, CA, 946123409
NTEE Category
Code: C05 - Environment
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