Overview
What is The Impact Fund?
The Impact Fund is a nonprofit organization situated in Berkeley, California. Its primary focus is to provide financial assistance through recoverable grants to legal professionals, small law firms, and nonprofit organizations engaged in impact litigation. These cases aim to safeguard the rights of marginalized groups, concentrating on civil rights, human rights, anti-poverty, and environmental justice issues. The Impact Fund mainly funds class actions and multi-plaintiff cases, but also supports environmental justice cases that have the potential to fundamentally transform a system or instigate significant law reform. In the 2021/22 fiscal year, The Impact Fund disbursed $385,635 in grant funding via 24 recoverable grants. Since its inception, it has committed around $8 million to various justice-related causes. In addition, The Impact Fund offers advocacy and educational support to public interest attorneys.
Official website here: www.impactfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 98% (Four-Star out of Four Star rating)
The Impact Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With a score of 98 in Accountability & Finance, the organization demonstrates strong governance practices, including a fully independent board and a solid financial oversight structure. It performs exceptionally well in program expenses, ensuring that the majority of its funds directly support its mission.
The organization's commitment to equity is evident in its high scores for feedback collection and usage, indicating a robust approach to stakeholder engagement and inclusivity. The Impact Fund's dedication to transparent operations is reinforced by its adherence to essential policies like conflict of interest and whistleblower protections, contributing to its strong ethical standing in the nonprofit sector.
However, while the financial ratios are impressive, including a program expense ratio of 73.87%, there may be room for improvement in its equity data collection and policies, as reflected in slightly lower scores in those areas. Overall, The Impact Fund stands out as a highly effective organization with a strong commitment to accountability and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Impact Fund legitimate?
The Impact Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Impact Fund 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: $301,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $688,623
For more financial information, click here
Official website here: www.impactfund.org
What is the mission statement of The Impact Fund?
The Impact Fund's mission is to support communities seeking economic, environmental, racial, and social justice through impact litigation. They provide grants, advocacy, and education to public interest lawyers involved in class action lawsuits and multi-plaintiff cases in the areas of human and civil rights, elimination of discrimination, environmental justice, and relief of poverty. The organization offers technical support, advice, counseling, training, and representation to these lawyers. In the 2021/22 fiscal year, they disbursed a total of $385,635 in grant funding to 24 recoverable grants. Since its inception, The Impact Fund has committed around $8 million to various justice-related causes.
Official website here: www.impactfund.org
Who is the CEO of The Impact Fund?
Jocelyn Larkin is the Director Of Litigation And Training of The Impact Fund.
Official website here: www.impactfund.org
What is the revenue of The Impact Fund?
The Impact Fund's revenue in 2022 was $2,594,529.
Official website here: www.impactfund.org
Who are the executives of The Impact Fund and what are their salaries?
The average compensation at The Impact Fund during 2022 was $61,871. There are 16 employees and 16 volunteers at The Impact Fund.
Here are 18 key members and their salaries:
- Compensation: $160,179
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- Other: $4,486
- Compensation: $146,191
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- Other: $4,094
- Compensation: $141,136
- Related: $0
- Other: $4,403
- Compensation: $111,800
- Related: $0
- Other: $2,395
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Official website here: www.impactfund.org
Where can I find the form 990 for The Impact Fund?
The Impact Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactfund.org
Learn more at the official website: www.impactfund.org
Mission Statement of The Impact Fund
The Impact Fund is a nonprofit organization dedicated to providing grants, advocacy, and education to support impact litigation. This mission is geared towards communities that are seeking economic, environmental, racial, and social justice. The organization's primary focus is on class action public interest litigation, offering financial assistance through recoverable grants to lawyers, small law firms, and nonprofit organizations involved in such cases. These cases typically aim to address issues of human and civil rights, elimination of discrimination, environmental justice, and the relief of poverty.
The Impact Fund's mission extends beyond just providing financial assistance. It also offers technical support, advice, counseling, training, and representation to public interest lawyers. This holistic approach ensures that these legal professionals are equipped with the necessary resources to effectively advocate for the marginalized groups they serve. The organization's grant funding is not limited to class actions. It also supports multi-plaintiff and environmental justice cases that aim to significantly affect a larger system or lead to significant law reform.
In the 2021/22 fiscal year, The Impact Fund disbursed a total of $385,635 in grant funding via 24 recoverable grants. Since its inception, the organization has committed around $8 million to various justice-related causes. This commitment to social and economic justice, coupled with its provision of financial and technical support to public interest lawyers, makes The Impact Fund a vital player in advocating for marginalized communities through impact litigation.
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Impact
July, 2024
The Impact Fund provides critical support through grants, advocacy, and education to facilitate impact litigation on behalf of marginalized communities striving for economic, environmental, racial, and social justice. This non-profit organization disperses recoverable grants to attorneys, small law firms, and non-profit organizations engaged in civil rights, human rights, anti-poverty, and environmental justice cases that have the potential to effect meaningful change for disadvantaged groups. Since its inception, The Impact Fund has committed approximately $8 million to various justice-related causes, underscoring its dedication to advancing systemic reform and empowering those in need.
This information is meant to be a general summary of The Impact Fund. 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: $35,576
- Program Service Revenue: $591,114
- Gross Receipts: $2,640,388
Assets and Liabilities:
- Total Assets: $2,672,702
- Total Liabilities: $325,507
- Net Assets: $2,347,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Attorneys Fees and Costs
Revenue
$70,000
Reimbursable Grants
Revenue
$326,512
Seminars and Education
Revenue
$194,602
Organization Details
Founding Year
1992
Phone
(510) 845-3473Principal Officer
Jocelyn Larkin
Main Address
2080 Addison Street 5, Berkeley, CA, 94704
Website
www.impactfund.orgNTEE Category
Code: Z99Z - Unknown
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