Overview
What is Impact Hub Trust?
Impact Hub Trust is a nonprofit organization located in Vashon, Washington. Their primary focus is to foster and bolster the development of the social enterprise landscape in Russia, particularly by empowering existing social entrepreneurs (SEs). Additionally, they run a program to educate and train girls in IT professions, aiming to create a platform highlighting women in the tech field. Impact Hub Trust's mission is to support and promote a global ecosystem that encourages the growth of social entrepreneurs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star Rating)
Impact Hub Trust has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. The organization demonstrates a high program expense ratio of 97.26%, indicating that a significant majority of its expenditures are directed toward its programs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, which suggests financial stability. The presence of an independent board is a positive aspect, with 66% of board members being independent.
However, the organization faces several limitations that impact its overall score. Notably, there are missing financial statements, which are critical for transparency and accountability. Furthermore, the nonprofit does not have a whistleblower policy or a document retention and destruction policy in place, both of which are essential for good governance. The absence of its tax form on its website and the lack of documentation regarding board meeting minutes also detracts from its accountability profile.
Overall, while Impact Hub Trust appears to allocate resources effectively to its programs, there are significant areas for improvement in transparency and governance practices that could enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Hub Trust legitimate?
Impact Hub Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Hub Trust 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: $0
For more financial information, click here
What is the mission statement of Impact Hub Trust?
Impact Hub Trust's mission is centered around supporting and fostering a global ecosystem that encourages the growth of social entrepreneurs. Their objective is to contribute to the development of the social enterprise landscape and enhance the impact of existing social entrepreneurs worldwide. Additionally, the trust has initiated a program to train girls in IT professions and establish a platform showcasing the achievements of women in the IT field.
Who is the CEO of Impact Hub Trust?
Brian Howe is the Board President of Impact Hub Trust.
What is the revenue of Impact Hub Trust?
Impact Hub Trust's revenue in 2022 was $1,985,834.
Who are the executives of Impact Hub Trust and what are their salaries?
There 3 volunteers at Impact Hub Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Impact Hub Trust?
Impact Hub Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Impact Hub Trust
Impact Hub Trust is an organization dedicated to fostering and advancing a global network for the growth of social entrepreneurs. Their mission, in simple terms, is to establish and bolster a global ecosystem that nurtures the development of social enterprises. This mission involves supporting existing social entrepreneurs in Russia, as well as strengthening the impact they have on their communities.
Beyond their work with social entrepreneurs, Impact Hub Trust also has a program focused on empowering girls in the field of information technology. Through this initiative, they aim to provide training and create a platform to showcase the achievements of these young women in the IT sector. By supporting social entrepreneurs and promoting IT education for girls, Impact Hub Trust is contributing to a more inclusive and sustainable future.
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Impact
July, 2024
Impact Hub Trust's impact lies in supporting and promoting a global ecosystem for the growth of social entrepreneurs. Their programs are designed to support the development of the social enterprise landscape in Russia and strengthen the impact of existing social entrepreneurs. Additionally, they have initiatives to train girls in IT professions and create a channel about girls in the field of IT. This organization based in Vashon, WA, is dedicated to fostering social entrepreneurship and empowering individuals to create positive change in their communities.
This information is meant to be a general summary of Impact Hub Trust. 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.
- Gross Receipts: $1,985,834
Assets and Liabilities:
- Total Assets: $367,854
- Total Liabilities: $0
- Net Assets: $367,854
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Organization Details
Founding Year
2016
Phone
(206) 659-6491Principal Officer
Brian Howe
Main Address
PO BOX 1609, VASHON, WA, 98070
NTEE Category
Code: P20 - Human services
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