Overview
What is Impact Silver Spring?
Impact Silver Spring is a nonprofit organization situated in Silver Spring, Maryland, specifically at 8807 Coleville Road. Their mission is to strengthen diverse neighborhoods, promoting healthier, economically stable communities and active civic participation. They achieve this by supporting individuals on empowerment pathways, fostering an environment where people from various backgrounds can collaborate to establish new businesses, enhance neighborhood conditions, and accomplish personal development goals. The organization operates with a team of 15 dedicated individuals, contributing to inclusive local economies and vibrant communities.
Official website here: www.impactsilverspring.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Impact Silver Spring has received an overall score of 81%, signifying a solid Three-Star rating based primarily on its accountability and finance practices. This score indicates a strong commitment to transparency and responsible financial management. The organization excels in governance, with a fully independent board and robust policies in place to manage conflicts of interest and ensure accountability.
The nonprofit's fiscal responsibility is underscored by an impressive program expense ratio of nearly 80%, indicating that a significant portion of its funds is directed toward fulfilling its mission. Additionally, the organization has no reported material diversion of assets, reinforcing its integrity and operational effectiveness. The presence of vital policies related to whistleblowing and document retention further supports its commitment to ethical practices.
While the rating reflects well on Impact Silver Spring's governance and financial practices, the score relies solely on the accountability and finance beacon. Future evaluations could benefit from a more comprehensive assessment including program impact and community engagement metrics to provide a fuller picture of the organization's effectiveness in meeting its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Impact Silver Spring?
94% of 10 reviewers on Facebook recommend Impact Silver Spring. Here is a summary of their reviews:
Many commenters appreciate the organization for providing valuable insights into the community and its potential impact on future generations. Users find it beneficial that the nonprofit facilitates discussions that allow for participation and engagement, contributing positively to local youth and families.
Overall, the sentiment towards Impact Silver Spring is quite positive, with community members expressing satisfaction with the educational opportunities and discussions the nonprofit encourages. The organization appears to successfully fulfill its mission of fostering community involvement and development.
This AI summary has been generated from reviews found on Facebook.
Is Impact Silver Spring legitimate?
Impact Silver Spring is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Silver Spring 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: $883,579
For more financial information, click here
Official website here: www.impactsilverspring.org
What is the mission statement of Impact Silver Spring?
Impact Silver Spring's mission is to establish and maintain community-driven networks that empower individuals who are catalyzing social, economic, and civic progress. These networks contribute to inclusive local economies and vibrant communities. The organization's activities aim to strengthen social networks in diverse neighborhoods, fostering healthier individuals, economically stable communities, and increased civic participation. Impact Silver Spring supports numerous families on empowerment pathways by providing multiple platforms within the network, allowing people from diverse backgrounds to collaborate, improve their neighborhood conditions, and achieve personal development goals, thereby creating new businesses and businesses.
Official website here: www.impactsilverspring.org
Who is the CEO of Impact Silver Spring?
Michael Rubin is the President of Impact Silver Spring.
Official website here: www.impactsilverspring.org
What is the revenue of Impact Silver Spring?
Impact Silver Spring's revenue in 2022 was $1,336,128.
Official website here: www.impactsilverspring.org
Who are the executives of Impact Silver Spring and what are their salaries?
The average compensation at Impact Silver Spring during 2022 was $58,905. There are 15 employees at Impact Silver Spring.
Here are 9 key members and their salaries:
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Official website here: www.impactsilverspring.org
Where can I find the form 990 for Impact Silver Spring?
Impact Silver Spring's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactsilverspring.org
Learn more at the official website: www.impactsilverspring.org
Mission Statement of Impact Silver Spring
Impact Silver Spring is dedicated to constructing and maintaining community-based networks that empower individuals who are driving social, economic, and civic advancements. These advancements contribute to the development of inclusive local economies and vibrant communities. By fostering strong social networks in diverse neighborhoods, Impact Silver Spring aims to cultivate healthier, economically stable, and more engaged communities. The organization supports numerous families on empowerment pathways by offering various spaces within the network where individuals from diverse backgrounds can collaborate. They can establish new businesses, improve their neighborhood conditions, and achieve personal development goals.
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Impact
July, 2024
Impact Silver Spring's impact can be seen in the way it strengthens social networks in diverse neighborhoods, leading to healthier, more economically stable, and more engaged communities. By supporting struggling families on empowerment pathways, Impact creates spaces where people from different backgrounds can come together to start new businesses, improve neighborhood conditions, and achieve personal development goals. This organization contributes to the creation of inclusive local economies and vibrant communities in Silver Spring, MD.
This information is meant to be a general summary of Impact Silver Spring. 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: $63
- Program Service Revenue: $18,308
- Gross Receipts: $1,336,128
Assets and Liabilities:
- Total Assets: $696,921
- Total Liabilities: $57,979
- Net Assets: $638,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPORTS REGISTRATION FEES
Revenue
$18,308
Organization Details
Founding Year
1999
Phone
(301) 298-5117Principal Officer
Michael Rubin
Main Address
8807 COLESVILLE ROAD, SILVER SPRING, MD, 20910
Website
www.impactsilverspring.orgNTEE Category
Code: T30 - Philanthropy
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