Overview
What is Community Impact Inc?
Community Impact Inc, located at 4 South Main Street, Sheridan, Wyoming, is a nonprofit organization primarily focused on enhancing the social welfare of its local community. Initially, the organization received a substantial grant from the Homer Mildred Scott Foundation to acquire a multi-purpose facility, which they subsequently decided to operate under the foundation's management. Community Impact Inc. subsequently converted into a single-member limited liability company, with the Homer Mildred Scott Foundation as the sole member, effectively merging its assets with the foundation's. The organization's mission is to create a valuable asset for the long-term benefit of Sheridan's residents, with a focus on addressing housing needs, health and wellness, and education.
Official website here: www.none
Is Community Impact Inc legitimate?
Community Impact Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Community Impact 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:
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Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Community Impact Inc?
Community Impact Inc's mission is centered around advancing social welfare purposes. Their goal is to develop an asset of multi-generational value, which can support housing needs, health and wellness, and education for all individuals. They achieved this by receiving a substantial grant and purchasing a multi-use facility, which they later decided to operate through the Homer Mildred Scott Foundation. The facility, now under the foundation's management, continues to serve the community, providing a space that enables Sheridan citizens to flourish and contribute.
Official website here: www.none
Who is the CEO of Community Impact Inc?
Arin Waddell is the Chair of Community Impact Inc.
Official website here: www.none
What is the revenue of Community Impact Inc?
Community Impact Inc's revenue in 2021 was $7,300,000.
Official website here: www.none
Who are the executives of Community Impact Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Community Impact Inc
Community Impact Inc, a nonprofit organization, is dedicated to advancing social welfare in various aspects for the benefit of its community. Its mission is to establish a multi-use facility that serves as a resource for housing needs, health and wellness, and education. The organization aims to create an asset that holds multi-generational value, enabling all community members to flourish and contribute positively.
The nonprofit received a substantial grant of 7.3 million dollars from the Homer Mildred Scott Foundation, a 501c3 organization. Utilizing this funding, Community Impact Inc. acquired real estate and developed a multi-use facility. Following its acquisition, the nonprofit's board of directors determined that the facility's purpose would be better served by having the Homer Mildred Scott Foundation manage it. As a result, Community Impact Inc. converted into a single-member limited liability company, with the Homer Mildred Scott Foundation as its sole member, effectively transferring its net assets to the foundation. This strategic move allowed the Homer Mildred Scott Foundation to operate the facility, continuing Community Impact Inc.'s mission of supporting the community's needs in housing, health, and education.
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Impact
October, 2024
Community Impact Inc has made a significant contribution to the Sheridan community by acquiring a multi-use facility aimed at enhancing social welfare. Through a $7,300,000 grant from the Homer Mildred Scott Foundation, the organization was able to purchase real estate that will serve the diverse needs of residents, focusing on housing, health and wellness, and education.
By converting to a single-member limited liability company with the Homer Mildred Scott Foundation as its sole member, Community Impact Inc has streamlined its operations to ensure that the facility can be effectively managed and utilized to its fullest potential. This strategic move allows for a sustainable model that prioritizes the long-term benefit and development of the community, fostering an environment where all citizens of Sheridan can thrive and contribute meaningfully.
Overall, the impact of Community Impact Inc lies in its commitment to creating a valuable community asset that supports multi-generational growth and well-being for the residents of Sheridan, Wyoming.
This information is meant to be a general summary of Community Impact 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 2021.
- Gross Receipts: $7,300,000
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2021
Phone
(307) 218-9192Principal Officer
Arin Waddell
Main Address
4 South Main Street, Sheridan, WY, 82801
Website
www.noneNTEE Category
Code: Z99 - Unknown
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