Overview
What is University Impact?
University Impact, based at 3507 N University Ave Ste 125, Provo, Utah, 84604, is a dynamic nonprofit organization founded to expedite solutions to the world's social and environmental issues. The nonprofit, which employs 30 individuals, fosters an ecosystem encompassing university students, impact startups seeking consulting services, and academic institutions focusing on researching global problems. Recently, University Impact held several online training sessions for 113 students and performed due diligence on 81 companies by conducting deal screens and writing 31 due diligence memos. Their goal is to bring together various sectors to collaborate and accelerate the progress towards solving the world's pressing challenges.
Official website here: www.universityimpact.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
University Impact has received a strong rating of 87% from Charity Navigator, highlighting its solid accountability and financial management. With an impressive score of 84 in Accountability & Finance, the organization demonstrates a commitment to transparency, as evidenced by its independent board composition and effective governance practices. The charity excels in financial health, maintaining a low liabilities-to-assets ratio and a high program expense ratio, indicating that the majority of its expenditures are directed towards its mission.
In terms of organizational culture and adaptability, University Impact shines with perfect scores of 100 in both categories. This reflects a positive internal environment and a robust approach to leadership development. The organization has shown the ability to adapt to significant external changes in the past year, ensuring continued effectiveness and relevance in its programming and outreach efforts.
However, while the overall rating is commendable, the scores in Leadership & Adaptability and Culture & Community suggest areas for continuous improvement. Stakeholders may want to monitor the organization’s ongoing efforts to maintain its high standards and how it navigates future challenges in the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
Is University Impact legitimate?
University Impact is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Impact 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: $9,616
Professional Fundraising Fees: $0
Other Salaries and Wages: $517,209
For more financial information, click here
Official website here: www.universityimpact.org
What is the mission statement of University Impact?
University Impact (UI) is a non-profit organization established with the goal of accelerating solutions to social and environmental issues on a global scale. The UI ecosystem comprises three key components: university students, impact startups in need of consulting services, and academic institutions researching solutions to pressing social and environmental problems. By bringing together these entities, UI aims to foster a collaborative environment where students gain real-world experience, startups receive valuable consulting support, and academic research translates into tangible solutions. Ultimately, UI strives to create long-term, sustainable impacts on the world's most pressing challenges.
Official website here: www.universityimpact.org
Who is the CEO of University Impact?
Daniel Blake is the Executive Director of University Impact.
Official website here: www.universityimpact.org
What is the revenue of University Impact?
University Impact's revenue in 2022 was $97,083,151.
Official website here: www.universityimpact.org
Who are the executives of University Impact and what are their salaries?
The average compensation at University Impact during 2022 was $17,561. There are 30 employees and 70 volunteers at University Impact.
Here are 9 key members and their salaries:
- Compensation: $9,616
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Official website here: www.universityimpact.org
Where can I find the form 990 for University Impact?
University Impact's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.universityimpact.org
Learn more at the official website: www.universityimpact.org
Mission Statement of University Impact
University Impact, a pioneering organization, was established with a vision to create an ecosystem geared towards expediting solutions to the world's social and environmental challenges. This ecosystem, comprised of three essential components, brings together university students, impact startups, and academic institutions.
University Impact empowers students by providing them the unique opportunity to engage in real-world projects, working closely with startups in need of consulting services. These startups, in turn, benefit from the students' expertise as they prepare to embark on their fundraising journeys. The collaboration fosters a mutually beneficial learning experience, with students gaining practical skills and startups receiving valuable insights and support.
Academic institutions are the third critical component of University Impact's ecosystem. They contribute by conducting research geared towards addressing the world's most pressing social and environmental problems. This research not only provides valuable information to startups and students but also contributes to the global knowledge base, helping to advance the field and drive innovation. By building this dynamic network, University Impact accelerates the progress towards finding sustainable solutions to the world's complex issues.
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Impact
October, 2024
University Impact is dedicated to creating an ecosystem that accelerates the resolution of social and environmental challenges globally. In recent initiatives, it has provided online training sessions for 113 students, equipping them with the skills necessary to engage in meaningful impact work. Additionally, University Impact has conducted thorough due diligence on 81 companies, producing 31 detailed memos that analyze potential investments. By fostering collaboration among university students, impact startups seeking consulting services, and academic institutions focused on research, University Impact plays a pivotal role in advancing innovative solutions to pressing global issues.
This information is meant to be a general summary of University Impact. 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: -$4,823,999
- Program Service Revenue: $36,783
- Gross Receipts: $116,122,230
Assets and Liabilities:
- Total Assets: $135,449,105
- Total Liabilities: $904,077
- Net Assets: $134,545,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT MANAGEMENT FEES
Revenue
$36,783
Organization Details
Founding Year
2018
Phone
(385) 286-5900Principal Officer
Daniel Blake
Main Address
3507 N UNIVERSITY AVE STE 125, PROVO, UT, 84604
Website
www.universityimpact.orgNTEE Category
Code: B19 - Education
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