Overview
What is Impact Austin Foundation?
Impact Austin Foundation is a nonprofit organization based in Austin, Texas. With a focus on collective giving, they fund high-impact grants to local nonprofits. Members contribute annually, and the foundation allocates grants based on two cycles per year. The grant amounts are determined by membership levels. Impact Austin not only provides financial support but also organizes educational events for its members. Their mission spans over two fiscal years, awarding eight grants annually, with each grant category receiving 80% of the funds allocated to it. The foundation's reach extends to various sectors, including equity, health and well-being, community, and education.
Official website here: www.impactaustin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Impact Austin Foundation has received a commendable Four-Star out of Four Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization excels in various accountability metrics, such as having a fully independent board and robust financial oversight, which is crucial for ensuring donor trust and effective governance. With an impressive program expense ratio of over 80%, a significant portion of funds is directed towards fulfilling its mission of community impact.
User feedback highlights the transformative experience members have when participating in Impact Austin. Many volunteers express satisfaction with the organization’s focus on empowering women to pool resources and support local nonprofits. Members appreciate the opportunity to engage actively in the grant-making process, gaining valuable insights into community needs and nonprofit operations, which enhances their philanthropic journey.
While the overall sentiment is overwhelmingly positive, some reviews emphasize the deep sense of community and personal growth derived from involvement with Impact Austin. However, specific limitations or areas for improvement were not mentioned in the feedback. The foundation's commitment to high-impact grants has resulted in over $2 million distributed to local nonprofits, underscoring its effective role in addressing community needs.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Impact Austin Foundation legitimate?
Impact Austin Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Austin Foundation 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: $108,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,687
For more financial information, click here
Official website here: www.impactaustin.org
What is the mission statement of Impact Austin Foundation?
Impact Austin Foundation, through its collective giving model, provides high-impact grants to local nonprofits. The organization is primarily funded by its members and additionally organizes educational events for its members. Each fiscal year, Impact Austin awards a total of eight grants, split between two grant cycles. The grant amounts are determined based on membership levels and announced at the start of each grant cycle. The foundation focuses on various categories, including equity, health and well-being, community, and education, with each category receiving an 80/20 share between the two finalists.
Official website here: www.impactaustin.org
Who is the CEO of Impact Austin Foundation?
Jessica Forrest is the President of Impact Austin Foundation.
Official website here: www.impactaustin.org
What is the revenue of Impact Austin Foundation?
Impact Austin Foundation's revenue in 2023 was $546,433.
Official website here: www.impactaustin.org
Who are the executives of Impact Austin Foundation and what are their salaries?
The average compensation at Impact Austin Foundation during 2023 was $80,637. There are 2 employees and 250 volunteers at Impact Austin Foundation.
Here are 13 key members and their salaries:
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Official website here: www.impactaustin.org
Where can I find the form 990 for Impact Austin Foundation?
Impact Austin Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.impactaustin.org
Learn more at the official website: www.impactaustin.org
Mission Statement of Impact Austin Foundation
Impact Austin Foundation, an organization driven by its members, is committed to providing high-impact grants to local nonprofits. This is achieved through a collective giving model, which involves pooling annual donations of $1,250 from each member, with an additional $1,000 reserved for grant recipients and $250 supporting operational expenses. The foundation operates on a twice-yearly grant cycle, awarding four grants annually. Each grant category, Equity, Health & Well-being, Community, and Education, is split 80/20 between the two category finalists. This results in a total of eight grants awarded annually, with the grant amounts determined by membership levels. In addition to grant provision, Impact Austin Foundation also conducts member education events.
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Impact
July, 2024
Impact Austin Foundation's impact is evident through the provision of high-impact grants to local organizations in Austin, Texas. By utilizing a collective giving model funded by its members, the foundation awards program grants in various categories such as equity, health & well-being, community, and education. This support is crucial for strengthening the community and addressing important societal issues.
This information is meant to be a general summary of Impact Austin Foundation. 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: $3,951
- Gross Receipts: $546,433
Assets and Liabilities:
- Total Assets: $674,931
- Total Liabilities: $96,567
- Net Assets: $578,364
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Organization Details
Founding Year
2003
Phone
(512) 335-5540Principal Officer
Jessica Forrest
Main Address
PO BOX 28148, AUSTIN, TX, 78755
Website
www.impactaustin.orgNTEE Category
Code: T30 - Philanthropy
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