Overview
What is Impact Innovators And Entrepreneurs Foundation?
Impact Innovators and Entrepreneurs Foundation, based in Longmont, Colorado (1533 Sicily Drive), is a nonprofit organization dedicated to making a positive impact in the lives of disadvantaged and underserved populations. They achieve this by fostering innovation and entrepreneurship, directly supporting around 10 enterprises through investments and loan guarantee programs, and indirectly assisting over 100 enterprises through training and advisory support to 40 incubators (entrepreneur support organizations) across South East Asia, South Asia, and Africa. Their mission is to empower these underrepresented communities by nurturing innovative ideas and business ventures.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating. This rating indicates that the Impact Innovators and Entrepreneurs Foundation meets basic standards for accountability and transparency in its financial practices. Achieving a 75% score reflects a commitment to responsible management, making it a reliable option for potential donors.
Strengths of the organization include its high level of accountability, with an impressive 85% of its board members being independent, which enhances governance. The foundation has demonstrated responsible financial management, as evidenced by a low liabilities-to-assets ratio of 0.00% and a strong program expense ratio of 85.48%, indicating that a significant portion of its revenue is directed towards its mission-driven programs.
While the foundation scores well in most areas, the overall rating is primarily derived from its accountability and finance metrics. There is no indication of significant issues; however, prospective donors may want to seek additional information about the foundation's program outcomes and impact to gain a comprehensive understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Innovators And Entrepreneurs Foundation legitimate?
Impact Innovators And Entrepreneurs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Innovators And Entrepreneurs Foundation 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: $94,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Impact Innovators And Entrepreneurs Foundation?
The Impact Innovators and Entrepreneurs Foundation aims to make a positive impact on the lives of disadvantaged and underserved populations by fostering models of innovation and entrepreneurship. The organization actively supports this mission by directly enabling around ten enterprises through investments, loan guarantee programs, and advisory services, and indirectly assisting over a hundred enterprises through training and advisory support to various incubators across South East Asia, South Asia, and Africa. Their primary objective is to nurture innovation and entrepreneurship that directly serves these populations, with the ultimate goal of improving their livelihoods.
Who is the CEO of Impact Innovators And Entrepreneurs Foundation?
Arunkumar Venkatesan is the CEO of Impact Innovators And Entrepreneurs Foundation The CEO's salary of Impact Innovators And Entrepreneurs Foundation is $44,100 and their total compensation is $54,935.
What is the revenue of Impact Innovators And Entrepreneurs Foundation?
Impact Innovators And Entrepreneurs Foundation's revenue in 2023 was $1,035,885.
Who are the executives of Impact Innovators And Entrepreneurs Foundation and what are their salaries?
The average compensation at Impact Innovators And Entrepreneurs Foundation during 2023 was $47,050. There are 2 employees and 6 volunteers at Impact Innovators And Entrepreneurs Foundation.
Here are 7 key members and their salaries (Impact Innovators And Entrepreneurs Foundation's CEO's salary is $44,100 and their total compensation is $54,935):
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $44,100
- Related: $0
- Other: $10,835
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Impact Innovators And Entrepreneurs Foundation?
Impact Innovators And Entrepreneurs Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Impact Innovators And Entrepreneurs Foundation
Impact Innovators and Entrepreneurs Foundation, in its mission, aims to create a significant impact on the lives of disadvantaged and under-served populations. The organization achieves this by nurturing models of innovation and entrepreneurship. By investing in and supporting enterprises directly, as well as indirectly through training and advisory support to incubators, Impact Innovators and Entrepreneurs Foundation empowers these populations to improve their livelihoods. The foundation has directly enabled approximately ten enterprises through investments and loan guarantee programs, and indirectly supported over one hundred enterprises through incubator support across South East Asia, South Asia, and Africa.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Impact Innovators And Entrepreneurs Foundation has directly enabled about 10 enterprises through investments, loan guarantee programs, and advisory services. Additionally, they have indirectly supported over 100 enterprises by providing training and advisory support to 40 incubators across South East Asia, South Asia, and Africa. Their primary purpose is to create an impact on the lives of disadvantaged and underserved populations by nurturing models of innovation and entrepreneurship that directly serve these populations.
This information is meant to be a general summary of Impact Innovators And Entrepreneurs Foundation. 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 2023.
- Program Service Revenue: $1,296
- Gross Receipts: $1,035,885
Assets and Liabilities:
- Total Assets: $990,416
- Total Liabilities: $0
- Net Assets: $990,416
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROFESSIONAL INCOME
Revenue
$1,296
Organization Details
Founding Year
2017
Principal Officer
Arunkumar Venkatesan
NTEE Category
Code: Q33 - International
If you are a representative of Impact Innovators And Entrepreneurs Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.