Overview
What is Nexus Impact Center Inc?
Nexus Impact Center Inc, situated in Indianapolis, Indiana, serves as a supportive hub for impact-focused businesses and nonprofits. It offers affordable workspace, meeting areas, and event spaces, fostering a community of like-minded organizations. The center's mission is to unite and inspire individuals to develop impactful business models, catering to both nonprofits and for-profit entities. In 202X, 28 out of 30 available offices were leased, with 8 being nonprofits, 4 being social enterprises, and 17 being impact-driven businesses that integrate social impact into their operations. The center supports its members by connecting them to programs and resources, advocating for impact-based business models, and promoting employment, product/service contributions, giving, and equitable supply chains. The Nexus Impact Center upholds its mission by providing a platform for organizations to cultivate and showcase their impactful practices.
Official website here: www.nexusimpactcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star rating
Nexus Impact Center Inc has achieved an 81% overall score, earning a Three-Star rating from Charity Navigator. This rating reflects a strong emphasis on accountability and finance, indicating that the organization adheres to sound financial practices and transparency in its operations. The charity's commitment to maintaining a fully independent board, with 100% of its members being independent, showcases its dedication to good governance.
The organization has demonstrated effective financial management as evidenced by its low liabilities to assets ratio of 33.78% and a program expense ratio of 72.78%. This suggests that a significant portion of its resources is dedicated to programmatic activities, which is a positive sign for potential donors looking for impactful contributions. The presence of robust policies, such as conflict of interest and whistleblower protections, further strengthens its accountability framework.
However, while the financial metrics are commendable, the overall score is calculated solely from these accountability and finance aspects, which may not provide a comprehensive view of the organization’s effectiveness in achieving its mission. Potential supporters may want to consider additional factors beyond finances, such as program outcomes and community impact, before making a donation decision.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nexus Impact Center Inc?
100% of 5 reviewers on Facebook recommend Nexus Impact Center Inc. Here is a summary of their reviews:
The enthusiastic sentiments expressed highlight a strong appreciation for the services and environment at Nexus Impact Center Inc. One commenter specifically noted their love for "everything about this place," showcasing a deep satisfaction with what the organization offers.
Overall, the responses indicate that the nonprofit effectively meets the needs and expectations of its community, fostering a positive and supportive atmosphere that resonates with its patrons.
This AI summary has been generated from reviews found on Facebook.
Is Nexus Impact Center Inc legitimate?
Nexus Impact Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nexus Impact Center Inc 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: $56,511
Professional Fundraising Fees: $1,500
Other Salaries and Wages: $67,878
For more financial information, click here
Official website here: www.nexusimpactcenter.org
What is the mission statement of Nexus Impact Center Inc?
The Nexus Impact Center Inc's mission is to bring together individuals and organizations with a shared goal of fostering impact-driven business models. It offers a supportive community, affordable workspace, and advocates for such business models. The center connects members to relevant programs and resources, aiming to empower both nonprofits and for-profit organizations to embed impact into their operations, whether through employment, products/services, charitable giving, or equitable supply chains. By the end of the year, 28 of its 30 offices were leased, with a mix of nonprofits, social enterprises, and impact-driven businesses utilizing its services.
Official website here: www.nexusimpactcenter.org
Who is the CEO of Nexus Impact Center Inc?
Robin K Lee is the Principal Officer of Nexus Impact Center Inc.
Official website here: www.nexusimpactcenter.org
What is the revenue of Nexus Impact Center Inc?
Nexus Impact Center Inc's revenue in 2022 was $527,059.
Official website here: www.nexusimpactcenter.org
Who are the executives of Nexus Impact Center Inc and what are their salaries?
The average compensation at Nexus Impact Center Inc during 2022 was $11,308. There are 11 employees and 1 volunteer at Nexus Impact Center Inc.
Here are 9 key members and their salaries:
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Official website here: www.nexusimpactcenter.org
Where can I find the form 990 for Nexus Impact Center Inc?
Nexus Impact Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nexusimpactcenter.org
Learn more at the official website: www.nexusimpactcenter.org
Mission Statement of Nexus Impact Center Inc
Nexus Impact Center Inc is dedicated to bringing together individuals and organizations with a shared commitment to creating impact-driven business models. This mission is achieved by offering a supportive community, economical workspace, and advocacy for such ventures. The center connects its members to various programs and resources, aiding both nonprofits and for-profit companies in their pursuit of socially responsible business practices.
In essence, Nexus Impact Center Inc serves as a hub for like-minded individuals and organizations, providing them with the resources necessary to cultivate and execute impact-driven business models. The center's mission involves fostering a collaborative environment where members can learn, grow, and thrive, ultimately contributing positively to their communities and the world at large.
By leasing space to impact-based businesses, nonprofits, and social enterprises, Nexus Impact Center Inc plays a crucial role in promoting sustainable and socially responsible business practices. The center's accomplishments demonstrate its success, as 28 of its 30 offices were occupied at year-end, with a diverse range of organizations benefiting from its offerings.
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Impact
July, 2024
Nexus Impact Center Inc's impact is evident in its efforts to unite, inspire, and resource individuals to cultivate impact-driven business models. Through providing economical space for impact-based businesses and nonprofits to work, meet, and hold events, Nexus Impact Center has made significant strides in supporting organizations that prioritize creating positive social and environmental change.
At year-end, 28 out of 30 offices at Nexus Impact Center were leased, demonstrating a high demand for their services. These offices were occupied by eight nonprofits, four social enterprises, and 17 impact-based businesses that have successfully embedded impact into their business models. This impact is primarily seen through the creation of employment opportunities, innovative products and services, contributions to charitable causes, and the promotion of equitable supply chains.
Overall, Nexus Impact Center Inc's dedication to fostering a community of like-minded individuals and businesses focused on driving positive change is evident in its accomplishments and the tangible impact it has had on its members and the broader community.
This information is meant to be a general summary of Nexus Impact Center Inc. 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.
- Program Service Revenue: $400,026
- Gross Receipts: $527,059
Assets and Liabilities:
- Total Assets: $289,652
- Total Liabilities: $97,866
- Net Assets: $191,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Lease Income for Impact-based businesses & nonprofits
Revenue
$255,540
Hourly Rentals
Revenue
$74,231
Coworking Memberships
Revenue
$47,597
Powerhouse Cohort Program
Revenue
$10,270
Start-up Consulting
Revenue
$8,500
Organization Details
Founding Year
2018
Phone
(317) 740-3965Principal Officer
Robin K Lee
Main Address
9511 Angola Ct Suite 200, Indianapolis, IN, 46268
Website
www.nexusimpactcenter.orgNTEE Category
Code: X99 - Religion related
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