Overview
What is The Community Impact Fund?
The Community Impact Fund is a nonprofit organization situated in Greenwood Village, Colorado. Their primary mission is to offer financial aid to community members in need, encompassing community impact loans and direct grants. They aim to empower organizations within the community by providing them with essential education and technology, enabling the creation of financially sustainable and scalable initiatives that positively impact the local population. With a team of eight dedicated employees, they strive to alleviate the various challenges faced by community members and foster a more prosperous community overall.
Official website here: www.communityimpactfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
The Community Impact Fund has received a Two-Star rating from Charity Navigator, indicating a score of 69%. This rating highlights both commendable aspects and areas needing improvement in the organization’s accountability and financial practices. The charity boasts a solid program expense ratio of 83.74%, meaning a significant portion of its expenses directly supports its programs.
The organization demonstrates strong governance with 100% of its board members being independent, and there are no reported issues with material diversion of assets. However, the absence of key policies such as a conflict of interest policy and a whistleblower policy raises concerns about its accountability practices. Additionally, the lack of a document retention and destruction policy could lead to potential risks in managing sensitive information.
While the financials appear stable, with a low liabilities to assets ratio of 0.15%, the missing governance policies suggest a need for enhancement in organizational transparency and risk management. Overall, while The Community Impact Fund shows strengths in program effectiveness and board independence, addressing its governance shortcomings would improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Impact Fund legitimate?
The Community Impact Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Impact Fund 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: $163,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,234
For more financial information, click here
Official website here: www.communityimpactfund.org
What is the mission statement of The Community Impact Fund?
The Community Impact Fund's mission is centered around assisting organizations in meeting the financial needs of their communities. They achieve this by offering educational resources and technological tools to facilitate the creation of sustainable and scalable community impact. This mission is carried out through the provision of community assistance in the form of loans and grants to support community members in need, including community impact loans and direct grants for various necessities.
Official website here: www.communityimpactfund.org
Who is the CEO of The Community Impact Fund?
Michael Scheid is the President of The Community Impact Fund.
Official website here: www.communityimpactfund.org
What is the revenue of The Community Impact Fund?
The Community Impact Fund's revenue in 2022 was $1,485,930.
Official website here: www.communityimpactfund.org
Who are the executives of The Community Impact Fund and what are their salaries?
The average compensation at The Community Impact Fund during 2022 was $37,582. There are 8 employees at The Community Impact Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $79,478
- Related: $0
- Other: $5,529
- Compensation: $75,400
- Related: $0
- Other: $3,016
Official website here: www.communityimpactfund.org
Where can I find the form 990 for The Community Impact Fund?
The Community Impact Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityimpactfund.org
Learn more at the official website: www.communityimpactfund.org
Mission Statement of The Community Impact Fund
The Community Impact Fund is committed to aiding organizations in addressing the financial needs of their communities. This is achieved by offering educational resources and cutting-edge technology, empowering these organizations to establish sustainable and expandable initiatives that positively impact their communities. The primary mission of The Community Impact Fund is to provide loans and grants to individuals within these communities who are in need. This support extends to community impact loans and direct grants, ensuring that community members can meet their various requirements effectively. By facilitating this financial assistance, The Community Impact Fund plays a crucial role in uplifting communities and fostering sustainable growth.
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Impact
July, 2024
The Community Impact Fund empowers organizations to address the financial needs of people in their communities by providing education and technology for sustainable and scalable impact. Through community assistance like loans and grants, they support individuals in handling various needs, creating a positive ripple effect in GREENWOOD VILLAGE, CO and beyond.
This information is meant to be a general summary of The Community Impact Fund. 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: $9
- Program Service Revenue: $135,728
- Gross Receipts: $1,485,930
Assets and Liabilities:
- Total Assets: $1,674,704
- Total Liabilities: $2,624
- Net Assets: $1,672,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee income
Revenue
$135,728
Organization Details
Founding Year
2018
Phone
(303) 800-8289Principal Officer
Michael Scheid
Main Address
9250 E Costilla Ave 110, Greenwood Village, CO, 80112
Website
www.communityimpactfund.orgNTEE Category
Code: T30 - Philanthropy
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