Overview
What is Impact Shares Corp?
Impact Shares Corp is a forward-thinking organization based in Frisco, Texas, with a mission to intertwine financial investment and social change. Through their socially conscious Exchange-Traded Funds (ETFs), they collaborate with non-profit partners to establish criteria that ensure corporate behaviors align with social values. By investing in U.S. large- and mid-cap companies that uphold these values, Impact Shares enables individuals to achieve market returns while adhering to their personal beliefs. The profits from these ETFs are directly channeled back to the non-profit partners, amplifying their impact and contributing to a more socially responsible world.
Is Impact Shares Corp legitimate?
Impact Shares Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Shares Corp 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: $221,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Impact Shares Corp?
Impact Shares Corp's mission is centered around impact investing. They aim to change the landscape of this field by creating socially conscious Exchange-Traded Funds (ETFs) on the NYSE. These ETFs are designed to align corporate behaviors with social values, as defined by their non-profit partners. By investing in Impact Shares ETFs, individuals are committing to an evolving set of criteria. The net profits from these investments are directly channeled back to the associated non-profit partners, thereby amplifying their impact. This approach allows Impact Shares Corp to make money work more effectively, resulting in a social impact that is reflected in portfolios and felt in the wider world.
Who is the CEO of Impact Shares Corp?
Ethan Powell is the Founder of Impact Shares Corp.
What is the revenue of Impact Shares Corp?
Impact Shares Corp's revenue in 2020 was $118,229.
Who are the executives of Impact Shares Corp and what are their salaries?
There 1 volunteer at Impact Shares Corp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Impact Shares Corp?
Impact Shares Corp's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Impact Shares Corp
Impact Shares Corp, a company dedicated to impact investing, is committed to driving change in the world. Their mission is to collaborate with non-profit organizations, transforming their social values into tradable, socially conscious Exchange Traded Funds (ETFs) listed on the NYSE. By investing in Impact Shares ETFs, individuals pledge to adhere to an evolving set of criteria established by these non-profit partners. This ensures a continuous alignment of corporate behaviors with social values. The company's approach allows net profits to be directly channeled back to these non-profit partners, thereby extending the reach and impact of their initiatives. As a result, Impact Shares is not just about creating an impact that is reflected in portfolios, but also one that is felt in the community at large.
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Impact
October, 2024
Impact Shares Corp is dedicated to transforming the landscape of impact investing through socially conscious exchange-traded funds (ETFs). By collaborating with nonprofit partners, Impact Shares develops products that align financial investments with social values, allowing investors to support good corporate citizenship while aiming for competitive market returns.
One notable initiative is the NACP, which focuses on U.S. large- and mid-cap companies that exemplify the vision of the NAACP. This ETF enables investors to contribute to societal change without sacrificing potential returns. Impact Shares ensures that all net profits from their ETFs are reinvested back into nonprofit partners, amplifying the positive societal impact of their investments. Through their innovative approach, Impact Shares fosters a deeper connection between financial returns and social responsibility, creating a tangible impact that resonates in communities and markets alike.
This information is meant to be a general summary of Impact Shares Corp. 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 2020.
- Program Service Revenue: $118,229
- Gross Receipts: $118,229
Assets and Liabilities:
- Total Assets: $685,620
- Total Liabilities: $0
- Net Assets: $685,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
525990
Revenue
$118,229
Organization Details
Founding Year
2017
Principal Officer
Ethan Powell
Main Address
2189 Broken Bend, Frisco, TX, 75036
NTEE Category
Code: P20 - Human services
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