Overview
What is Guided Impact Foundation Inc?
Guided Impact Foundation Inc, based in Wake Forest, North Carolina (specifically at 3505 Fairstone Road), is a nonprofit organization that actively supports local charities. Their main objective is to provide financial aid and organise events, enabling under-resourced nonprofits to access essential services they cannot afford on their own. With a team of six dedicated individuals, this foundation aims to enhance the capabilities and effectiveness of these nonprofits, ultimately benefiting the wider community.
Official website here: www.guidedimpact.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating. Guided Impact Foundation Inc demonstrates solid accountability and financial management, as indicated by its overall score. The organization's score reflects strong governance practices, including a 100% independent board, which suggests a commitment to transparency and ethical oversight.
Among its strengths, the foundation has a commendable program expense ratio of 72.20%, meaning a significant portion of its funds is directed towards its programs. Additionally, the presence of documented policies such as conflict of interest and whistleblower policies reinforces its commitment to responsible operations. The foundation has also been transparent in its documentation, including board meeting minutes available for review.
However, while the overall rating is positive, there may be areas for improvement, as the organization continues to strive for higher ratings in future evaluations. The strong foundation established through its governance and financial practices sets a good precedent for ongoing development and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Guided Impact Foundation Inc legitimate?
Guided Impact Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guided Impact Foundation 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: $63,921
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,243
For more financial information, click here
Official website here: www.guidedimpact.co
What is the mission statement of Guided Impact Foundation Inc?
The Guided Impact Foundation's mission is to aid nonprofit organizations in need of essential services by hosting events and providing financial assistance. This support enables these nonprofits to strengthen their operations and continue their impactful work in their communities, as they may not have the necessary funds to hire these services themselves. The foundation organizes a variety of events specifically designed to boost the development of these nonprofit organizations.
Official website here: www.guidedimpact.co
Who is the CEO of Guided Impact Foundation Inc?
Mark Bentley is the Executive Director of Guided Impact Foundation Inc.
Official website here: www.guidedimpact.co
What is the revenue of Guided Impact Foundation Inc?
Guided Impact Foundation Inc's revenue in 2022 was $628,641.
Official website here: www.guidedimpact.co
Who are the executives of Guided Impact Foundation Inc and what are their salaries?
The average compensation at Guided Impact Foundation Inc during 2022 was $39,361. There are 6 employees and 20 volunteers at Guided Impact Foundation Inc.
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Official website here: www.guidedimpact.co
Where can I find the form 990 for Guided Impact Foundation Inc?
Guided Impact Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.guidedimpact.co
Learn more at the official website: www.guidedimpact.co
Mission Statement of Guided Impact Foundation Inc
Guided Impact Foundation, as an organization, is dedicated to supporting nonprofits that are in need of essential services but lack the financial means to acquire them. By hosting events and providing financial assistance, this foundation aims to empower these nonprofits, enabling them to flourish and effectively carry out their missions. The foundation's mission is to bridge the gap between the need for professional services and the limited resources available to these nonprofits, thereby allowing them to strengthen their operations and make a more significant impact in their communities.
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Impact
July, 2024
Guided Impact Foundation Inc's impact can be seen through the support it provides to area nonprofits in Wake Forest, NC. By hosting events and providing funding to organizations in need of services to help them thrive, the foundation plays a crucial role in aiding the development and success of various nonprofits in the community. Through its mission of supporting nonprofits without the financial resources to access necessary services, Guided Impact Foundation Inc makes a tangible difference in promoting the growth and sustainability of these organizations. The foundation's efforts contribute to the overall strength and effectiveness of the nonprofit sector in Wake Forest and beyond.
This information is meant to be a general summary of Guided Impact Foundation 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: $366,661
- Gross Receipts: $628,641
Assets and Liabilities:
- Total Assets: $23,200
- Total Liabilities: $90,963
- Net Assets: -$67,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenth Ave North Classic
Revenue
$257,744
Webb Simpson Challenge
Revenue
$76,467
Misc Program Revenue
Revenue
$32,450
Organization Details
Founding Year
2019
Principal Officer
Mark Bentley
Main Address
3505 Fairstone Road, Wake Forest, NC, 27587
Website
www.guidedimpact.coNTEE Category
Code: X02 - Religion related
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