Overview
What is Impactphl Inc?
Impactphl Inc is a dedicated nonprofit organization based in Philadelphia, Pennsylvania. Their primary mission is to foster the growth of the region's impact economy by encouraging individuals and organizations to align their financial assets with their values. This community, which includes investors, foundations, families, social entrepreneurs, and business leaders, is nurtured and expanded through advocacy, collaboration, events, education, and information sharing. Impactphl Inc aims to position Philadelphia as a national leader in the impact economy by increasing the number of successful impact companies and promoting awareness and participation among established companies. Their mission is accomplished through the efforts of a small team of two dedicated individuals.
Official website here: www.impactphl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
Impactphl Inc has received an overall rating of 84%, reflecting a strong emphasis on accountability and finance. The organization demonstrates a commitment to transparency, with a fully independent board composed of eight members and no material diversion of assets reported. Their program expense ratio is also commendable at 87.55%, indicating that a significant portion of their expenses is directed towards their programs.
Despite these strengths, there are notable areas for improvement. The charity lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which could enhance governance and accountability practices. Additionally, they have not posted their tax form on their website, which may limit transparency for potential donors and stakeholders.
Overall, while Impactphl Inc shows a solid performance in financial management, addressing these governance deficiencies could further bolster their reputation and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Impactphl Inc legitimate?
Impactphl Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impactphl 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: $104,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,178
For more financial information, click here
Official website here: www.impactphl.org
What is the mission statement of Impactphl Inc?
Impactphl Inc aims to establish its region as a prominent player in the national impact economy. This is achieved by promoting the growth of the impact investing community, which involves increasing the number of successful impact companies and encouraging established companies to participate in this sector. Impactphl achieves this mission by advocating, collaborating, hosting events, providing education, and sharing information within its community, which includes investors, foundations, family offices, social entrepreneurs, and business leaders.
Official website here: www.impactphl.org
Who is the CEO of Impactphl Inc?
Cory Donovan is the Executive Director of Impactphl Inc.
Official website here: www.impactphl.org
What is the revenue of Impactphl Inc?
Impactphl Inc's revenue in 2022 was $860,530.
Official website here: www.impactphl.org
Who are the executives of Impactphl Inc and what are their salaries?
The average compensation at Impactphl Inc during 2022 was $82,726. There are 2 employees at Impactphl Inc.
Here are 9 key members and their salaries:
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- Compensation: $90,231
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Official website here: www.impactphl.org
Where can I find the form 990 for Impactphl Inc?
Impactphl Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactphl.org
Learn more at the official website: www.impactphl.org
Mission Statement of Impactphl Inc
Impactphl Inc aims to establish Philadelphia as a leading force in the impact economy by fostering the growth of successful impact investing companies and encouraging established businesses to participate in this movement. This organization is committed to promoting alignment between financial assets and values within their community, which comprises investors of various sizes, foundations, family offices, social entrepreneurs, and business leaders. Impactphl Inc achieves this mission by advocating for the cause, collaborating with other entities, organizing events, providing education, and sharing information within their network. Their ultimate goal is to position Philadelphia as a national leader in the impact investing sector, contributing to a more sustainable and socially responsible economic environment.
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Impact
July, 2024
Impactphl Inc's impact is dedicated to growing the greater Philadelphia region's impact economy by encouraging and helping individuals and organizations align their financial assets with their values. They work with a community that includes investors large and small, foundations, family offices, social entrepreneurs, and business leaders. Impactphl connects and grows this community through advocacy, collaboration, events, education, and information sharing. Their mission is to position Philadelphia as a national leader in the impact economy by increasing the number of successful impact companies and raising awareness and participation by established companies.
This information is meant to be a general summary of Impactphl 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.
- Investment Income: $130
- Program Service Revenue: $102,163
- Gross Receipts: $860,530
Assets and Liabilities:
- Total Assets: $612,461
- Total Liabilities: $0
- Net Assets: $612,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET REVENUE
Revenue
$102,163
Organization Details
Founding Year
2018
Phone
(267) 420-2679Principal Officer
Cory Donovan
Main Address
4801 S BROAD STREET, PHILADELPHIA, PA, 19112
Website
www.impactphl.orgNTEE Category
Code: W99 - Public benefit
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