Overview
What is Social Impact Fund?
Social Impact Fund is a nonprofit organization located in Los Angeles, California. The primary function of this organization is to offer a legal framework for charitable programs to operate within, or act as a fiscal sponsor for groups that are still awaiting approval as 501c3 entities by the Internal Revenue Service. This organization's mission is to promote social good and contribute positively to the world-at-large by supporting these sponsored programs. With a small team of two employees, Social Impact Fund plays a crucial role in facilitating the operation of various charitable initiatives, ultimately working towards improving societal well-being.
Official website here: www.socialimpactfund.org
What are the reviews and ratings of this charity?
**Rating: 97% (Four-Star out of Four Star Rating from Charity Navigator)**
The Social Impact Fund has achieved an impressive Four-Star rating on Charity Navigator, reflecting a strong performance in accountability and finance. With 90% of its board members being independent and robust policies in place, the organization demonstrates a high level of transparency and governance. Its financial health is commendable, as evidenced by a low liabilities-to-assets ratio and a very high program expense ratio, ensuring that the majority of its funds are directed towards its mission.
The organization's strong culture and community score indicates a positive engagement with its stakeholders, and it has received full marks for constituent feedback and its effective use of that feedback. However, the lack of scoring in impact and measurement signals an area for potential improvement, as understanding the organization’s overall impact is crucial for stakeholders.
While user reviews from GreatNonprofits are not available to provide community feedback, the organization’s sound financial practices and governance create a positive impression. It’s clear that Social Impact Fund prioritizes accountability and effective communication, positioning itself well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Social Impact Fund legitimate?
Social Impact Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Impact Fund 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: $206,642
Professional Fundraising Fees: $38,000
Other Salaries and Wages: $42,571
For more financial information, click here
Official website here: www.socialimpactfund.org
What is the mission statement of Social Impact Fund?
The Social Impact Fund serves as a facilitator, offering a legal framework for charitable initiatives to operate or acting as a fiscal sponsor for organizations pending IRS 501c3 recognition. The primary objective of these sponsored programs is to promote social wellbeing and make a significant impact on the global community, striving to improve conditions and bring about positive change.
Official website here: www.socialimpactfund.org
Who is the CEO of Social Impact Fund?
Stephan Ceryanek is the Executive Director of Social Impact Fund.
Official website here: www.socialimpactfund.org
What is the revenue of Social Impact Fund?
Social Impact Fund's revenue in 2022 was $11,151,125.
Official website here: www.socialimpactfund.org
Who are the executives of Social Impact Fund and what are their salaries?
The average compensation at Social Impact Fund during 2022 was $124,606. There are 2 employees and 12 volunteers at Social Impact Fund.
Here are 14 key members and their salaries:
- Compensation: $167,181
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- Other: $12,961
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Official website here: www.socialimpactfund.org
Where can I find the form 990 for Social Impact Fund?
Social Impact Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.socialimpactfund.org
Learn more at the official website: www.socialimpactfund.org
Mission Statement of Social Impact Fund
Social Impact Fund, as a nonprofit organization, offers a legal framework for charitable programs to operate or serves as a fiscal sponsor for groups pending IRS 501c3 determination. Its mission is to provide a platform that allows these programs to function effectively, ultimately working towards advancing social good. The sponsored programs under Social Impact Fund strive to make a positive impact on the world at large, aiming to bring about change and contribute to societal betterment.
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Impact
July, 2024
Social Impact Fund enables charitable programs to operate effectively and make a positive impact in the world. By providing a legal structure or acting as a fiscal sponsor for these programs, Social Impact Fund supports initiatives that advance social good. Located in Los Angeles, CA, the organization plays a crucial role in facilitating the work of diverse groups waiting on IRS 501c3 determination. Through its support, Social Impact Fund contributes to meaningful change and progress on a broader scale.
This information is meant to be a general summary of Social Impact Fund. 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: $12,164
- Program Service Revenue: $605,516
- Gross Receipts: $11,151,125
Assets and Liabilities:
- Total Assets: $11,071,400
- Total Liabilities: $758,740
- Net Assets: $10,312,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fiscal Sponsor Fee
Revenue
$605,516
Organization Details
Founding Year
2013
Phone
(917) 653-2513Principal Officer
Stephan Ceryanek
Main Address
750 W 7th Street PO Box 811026, Los Angeles, CA, 90081
Website
www.socialimpactfund.orgNTEE Category
Code: T12 - Philanthropy
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