Overview
What is Catalytic Impact Foundation Inc?
Catalytic Impact Foundation Inc, based in Hingham, Massachusetts, is a nonprofit organization with a mission to support and foster innovation in health care, life science, and education. They achieve this by providing grants to socially-responsible organizations, specifically focusing on areas with significant unmet medical needs. As a result, their efforts have positively impacted 500 individuals. The foundation's core objective is to utilize philanthropic funds to drive advancements in these sectors, ultimately aiming to make a significant difference in people's lives. With a small team of three dedicated employees, Catalytic Impact Foundation Inc continues to contribute to societal betterment.
Official website here: www.cifimpact.org
Is Catalytic Impact Foundation Inc legitimate?
Catalytic Impact Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalytic Impact Foundation 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: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,000
For more financial information, click here
Official website here: www.cifimpact.org
What is the mission statement of Catalytic Impact Foundation Inc?
Catalytic Impact Foundation Inc's mission is centered around utilizing philanthropic funds to foster innovation. Specifically, they focus on life science and healthcare, aiming to make significant strides in areas of high unmet medical needs. Their activities include providing grants and support to socially-responsible organizations, contributing to the betterment of 500 individuals in the process.
Official website here: www.cifimpact.org
What is the revenue of Catalytic Impact Foundation Inc?
Catalytic Impact Foundation Inc's revenue in 2023 was $1,297,166.
Official website here: www.cifimpact.org
Who are the executives of Catalytic Impact Foundation Inc and what are their salaries?
The average compensation at Catalytic Impact Foundation Inc during 2023 was $84,333. There are 3 employees and 10 volunteers at Catalytic Impact Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $90,000
- 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.cifimpact.org
Where can I find the form 990 for Catalytic Impact Foundation Inc?
Catalytic Impact Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cifimpact.org
Learn more at the official website: www.cifimpact.org
Mission Statement of Catalytic Impact Foundation Inc
Catalytic Impact Foundation Inc, a philanthropic organization, is committed to a mission that involves the strategic use of grants to propel socially-responsible organizations forward. Their primary focus is on accelerating innovation in key sectors such as life science and healthcare, particularly in areas where there is a significant unmet medical need. By providing financial support and resources to qualifying organizations, the foundation aims to foster growth and drive positive change in these fields. As a result, over 500 individuals have benefited from the foundation's initiatives.
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Impact
October, 2024
Catalytic Impact Foundation Inc plays a vital role in fostering innovation in healthcare and life sciences by providing grants to socially-responsible organizations. By prioritizing areas with high unmet medical needs, the foundation supports initiatives that have a direct positive impact on community health outcomes. With 500 individuals benefiting from their efforts, the foundation is dedicated to leveraging philanthropic funds to accelerate advancements in life science, healthcare, and education. This commitment not only promotes innovative solutions but also ensures that social responsibility remains at the forefront of healthcare development in Hingham, MA, and beyond.
This information is meant to be a general summary of Catalytic Impact Foundation 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: $8,816
- Gross Receipts: $1,297,166
Assets and Liabilities:
- Total Assets: $495,338
- Total Liabilities: $342,841
- Net Assets: $152,497
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Organization Details
Founding Year
2015
Principal Officer
Rachel Butler
Website
www.cifimpact.orgNTEE Category
Code: T30 - Philanthropy
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