Overview
What is Aster Impact Incorporated?
Aster Impact Incorporated is a nonprofit organization situated in Lewes, Delaware. During the pandemic, they demonstrated their commitment by providing essential Personal Protective Equipment (PPE) to the community and supporting migrant workers. In addition, they organized insightful webinars to advocate for their causes, primarily focusing on promoting an inclusive and circular economy. At its core, Aster Impact Incorporated serves as a catalyst for social enterprises, providing guidance and advocacy to help build a more equitable and sustainable economic structure.
Official website here: www.asterimpact.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
Aster Impact Incorporated has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The charity's overall score is derived entirely from its accountability and finance metrics, where it scored 100%. This high rating reflects excellent performance across various indicators, including having a fully independent board and no material diversion of assets.
The organization demonstrates robust governance practices, with all board members being independent and a small board size of five, which allows for effective oversight. Aster Impact also has comprehensive policies in place, such as conflict of interest, whistleblower, and document retention policies. All necessary documents are readily accessible, including tax forms and meeting minutes, which enhances transparency.
Despite the positive ratings, the program expense ratio of 72.23% suggests that a significant portion of its expenses is directed towards programs, a strong indicator of efficient resource allocation. However, the liabilities to assets ratio of -1546.52% raises potential concerns about financial sustainability in the long term. Overall, Aster Impact Incorporated exemplifies strong governance and transparency, making it a commendable choice for donors seeking reputable organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Aster Impact Incorporated legitimate?
Aster Impact Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aster Impact Incorporated 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
Official website here: www.asterimpact.org/
What is the mission statement of Aster Impact Incorporated?
Aster Impact Incorporated is committed to incubating, advising, and advocating for social enterprises with the goal of establishing an inclusive and circular economy. Through their mission, they aim to foster a sustainable and equitable business environment. During the pandemic, they supplied essential Personal Protective Equipment (PPE) to those in need and provided support to migrant workers. Furthermore, they organized webinars to raise awareness and advocate for their causes, emphasizing the importance of an inclusive and circular economy.
Official website here: www.asterimpact.org/
Who is the CEO of Aster Impact Incorporated?
Leah Zveglich is the Director of Aster Impact Incorporated.
Official website here: www.asterimpact.org/
What is the revenue of Aster Impact Incorporated?
Aster Impact Incorporated's revenue in 2022 was $5,896.
Official website here: www.asterimpact.org/
Who are the executives of Aster Impact Incorporated and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.asterimpact.org/
Where can I find the form 990 for Aster Impact Incorporated?
Aster Impact Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asterimpact.org/
Learn more at the official website: www.asterimpact.org/
Mission Statement of Aster Impact Incorporated
Aster Impact Incorporated is committed to fostering social enterprises that contribute to an inclusive and sustainable economy. Their mission revolves around providing incubation, advice, and advocacy to these enterprises, aiming to promote a circular economy. During the pandemic, this organization demonstrated its dedication by supplying necessary Personal Protective Equipment (PPE) to the required population and offering support to migrant workers. Furthermore, Aster Impact Incorporated has organized webinars to advocate for its cause, emphasizing the importance of an inclusive and circular economy.
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Impact
August, 2024
Aster Impact Incorporated impacts communities by incubating, advising, and advocating for social enterprises to build an inclusive and circular economy. They have provided much-needed PPE products to vulnerable populations during the pandemic, supported migrant workers, and organized webinars to advocate for causes related to an inclusive and circular economy. Located in Lewes, DE, their mission is to drive positive change at an international level through their work.
This information is meant to be a general summary of Aster Impact Incorporated. 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: $5,896
Assets and Liabilities:
- Total Assets: -$1,348
- Total Liabilities: $20,847
- Net Assets: -$22,195
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Organization Details
Founding Year
2000
Principal Officer
Leah Zveglich
Main Address
16192 COASTAL HWY, Lewes, DE, 19958
Website
www.asterimpact.org/NTEE Category
Code: Q32 - International
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