Overview
What is Bold Impact?
Bold Impact is a national nonprofit organization that focuses on utilizing technology and media to foster a world where all communities prosper. They oversee programs aimed at addressing disparities in technology, media, and community care, actively working towards building diverse, thriving communities. Their efforts are underpinned by a healthy information and innovation ecosystem. Specifically, Bold Impact is currently supporting Future Well, an initiative that empowers media leaders from Black and Brown communities, providing them with resources and a platform to facilitate meaningful change. The organization accomplishes this through their facilitated salon series and capital grants, which bolster a network of media innovators dedicated to serving underrepresented communities. In summary, Bold Impact is a champion of equality in technology, media, and community care, dedicated to nurturing a collective of diverse, thriving communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Bold Impact has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With an overall score determined entirely by its Accountability & Finance metrics, the organization excels in maintaining transparency and effective governance. This rating is particularly significant as it demonstrates the charity's commitment to responsible financial practices and organizational integrity.
The organization boasts an outstanding score of 10 out of 10 for having a majority of independent board members, which enhances its governance structure. Additionally, it has effectively established policies such as conflict of interest, whistleblower protection, and document retention, all of which contribute to a strong operational framework. The fiscal responsibility is further illustrated by a low liabilities to assets ratio and a high program expense ratio, indicating that most of its funds are directed towards its mission.
While Bold Impact has demonstrated strengths in financial accountability and governance, the summary does not highlight any specific areas for improvement or limitations within the organization. Overall, the charity appears to be well-managed and dedicated to its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Bold Impact legitimate?
Bold Impact is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bold Impact 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bold Impact?
Bold Impact, a national non-profit organization, aims to utilize technology and media to establish a world where all communities can prosper. They oversee initiatives that tackle inequity in technology, media, and community care, working towards the creation of diverse, thriving communities. Their mission is centered around supporting these communities by fostering a robust information and innovation ecosystem.
Who is the CEO of Bold Impact?
Isra Pananon Weeks is the President of Bold Impact.
What is the revenue of Bold Impact?
Bold Impact's revenue in 2022 was $38,392.
Who are the executives of Bold Impact and what are their salaries?
There 6 volunteers at Bold Impact.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Bold Impact?
Bold Impact's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bold Impact
Bold Impact, a national non-profit organization, is committed to utilizing technology and media to foster a world where all communities can prosper. Their mission is to direct programs that address disparities in technology, media, and community care. By doing so, they aim to construct diverse and thriving communities, which are sustained by a robust information and innovation ecosystem. In essence, Bold Impact seeks to leverage technology and media to bridge gaps and promote equitable growth in various communities across the nation.
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Impact
August, 2024
Bold Impact's impact is seen through its dedication to leveraging technology and media to address inequality in these areas. By stewarding programs that support diverse and thriving communities, Bold Impact is actively working towards a world where all communities can thrive. Through initiatives like Future Well's facilitated salon series and issuing capital grants to media leaders, Bold Impact is creating interlocking points between media, journalism, and innovation economies to nurture a collective for the benefit of Black and Brown communities. By focusing on building a healthy information and innovation ecosystem, Bold Impact is making a significant difference in promoting diversity and vibrancy in communities.
This information is meant to be a general summary of Bold Impact. 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: $38,392
Assets and Liabilities:
- Total Assets: $931,605
- Total Liabilities: $1,744
- Net Assets: $929,861
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Organization Details
Founding Year
2019
Principal Officer
Isra Pananon Weeks
Main Address
PO Box 7270, Woodbridge, VA, 22193
NTEE Category
Code: A30 - Arts
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