Overview
What is Impact Ventures Accelerator?
Impact Ventures Accelerator, doing business as Impact Ventures, is a vibrant nonprofit organization situated in Dallas, Texas. Its primary mission is to uplift under-appreciated women and communities of color by fostering entrepreneurship and community wealth building. They accomplish this by providing inclusive capital and supporting talent, ultimately aiming to establish generational wealth. In 2022, the organization successfully completed two training programs, assisting 48 entrepreneurs to create 177 jobs. Impact Ventures also made 11 investments, totaling around half a million dollars, enabling recipients to secure additional external capital worth five million dollars. Additionally, the nonprofit organized seven community events, attended by over 555 individuals, and engaged 14 speakers.
Official website here: www.impact-ventures.co
Is Impact Ventures Accelerator legitimate?
Impact Ventures Accelerator is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Ventures Accelerator 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: $136,084
Professional Fundraising Fees: $49,492
Other Salaries and Wages: $116,537
For more financial information, click here
Official website here: www.impact-ventures.co
What is the mission statement of Impact Ventures Accelerator?
Impact Ventures, operating under the name Impact Ventures Accelerator, is committed to empowering underestimated women and communities of color. Their mission is centered around fostering generational wealth through inclusive entrepreneurship, community wealth building, and integrated capital. They aim to provide opportunities for talented individuals who may have been overlooked, thereby promoting economic equality and growth. In 2022, Impact Ventures successfully completed two training programs, supporting 48 entrepreneurs and creating 177 jobs. They also made investments of approximately $500K, enabling their recipients to attract additional capital worth nearly $5M. Furthermore, Impact Ventures hosted community events, engaging over 555 attendees and featuring 14 speakers.
Official website here: www.impact-ventures.co
Who is the CEO of Impact Ventures Accelerator?
Benjamin Vann is the Founder & Ceo of Impact Ventures Accelerator. The CEO's salary of Impact Ventures Accelerator is $136,084 and their total compensation is $136,084.
Official website here: www.impact-ventures.co
What is the revenue of Impact Ventures Accelerator?
Impact Ventures Accelerator's revenue in 2022 was $995,724.
Official website here: www.impact-ventures.co
Who are the executives of Impact Ventures Accelerator and what are their salaries?
The average compensation at Impact Ventures Accelerator during 2022 was $42,104. There are 6 employees and 50 volunteers at Impact Ventures Accelerator.
Here are 12 key members and their salaries (Impact Ventures Accelerator's CEO's salary is $136,084 and their total compensation is $136,084):
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Official website here: www.impact-ventures.co
Where can I find the form 990 for Impact Ventures Accelerator?
Impact Ventures Accelerator's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impact-ventures.co
Learn more at the official website: www.impact-ventures.co
Mission Statement of Impact Ventures Accelerator
Impact Ventures, a nonprofit organization, is dedicated to empowering underestimated women and communities of color to build generational wealth. They achieve this mission through three key strategies: inclusive entrepreneurship, community wealth building, and integrated capital. By supporting talented individuals in these communities, Impact Ventures aims to enable sustainable business growth and promote economic equality.
During 2022, Impact Ventures successfully implemented two of its flagship training programs, assisting 48 entrepreneurs in the process. These entrepreneurs went on to create 177 jobs, demonstrating the organization's impact on employment opportunities in the targeted communities. Impact Ventures also made 11 investments, totaling about $500K. These investments served as a catalyst for external capital, allowing recipients to leverage an additional $5M. This combination of direct investment and external capital infusion highlights Impact Ventures' commitment to fostering economic growth and wealth creation in underestimated communities.
Beyond financial support, Impact Ventures engaged with its community by hosting seven events that attracted over 555 attendees. The organization also invited 14 speakers to share their expertise, further enriching the events and providing valuable insights to attendees. Impact Ventures' active engagement in its community demonstrates its commitment to empowering women and communities of color, not just through financial support, but also by fostering a sense of connection and shared learning.
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Impact
July, 2024
Impact Ventures Accelerator Dba Impact Ventures successfully completed 2 flagship training programs in 2022, supporting 48 entrepreneurs who collectively generated 177 jobs. Moreover, they made 11 investments totaling approximately $500,000, enabling recipients to access around $5 million in external capital. The organization also organized 7 community events with over 555 attendees and featured 14 speakers. Their efforts contribute significantly to empowering talented but under-estimated women and communities of color to build generational wealth through inclusive entrepreneurship, community wealth building, and integrated capital, thereby fostering economic growth and opportunity in these communities.
This information is meant to be a general summary of Impact Ventures Accelerator. 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: $19
- Program Service Revenue: $22,937
- Gross Receipts: $995,815
Assets and Liabilities:
- Total Assets: $1,294,794
- Total Liabilities: $457,378
- Net Assets: $837,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Accelerator fees
Revenue
$13,237
Conference fees
Revenue
$5,400
Consulting fees
Revenue
$500
Loan Servicing
Revenue
$3,200
Speaking fees
Revenue
$600
Organization Details
Founding Year
2018
Phone
(469) 708-8815Principal Officer
Benjamin Vann
Main Address
1808 S Good Latimer Expy, Dallas, TX, 75226
Website
www.impact-ventures.coNTEE Category
Code: B90 - Education
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